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The impact of regulating occupational pensions in Europe on investment and financial stability
Amzallag, Adrien (contributor); Kapp, Daniel (contributor);  … - 2014
Persistent link: https://www.econbiz.de/10010480636
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The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area
2021
Since the European Central Bank’s (ECB’s) 2003 strategy review, the importance of macro-financial amplification channels for monetary policy has increasingly gained recognition. This paper takes stock of this evolution and discusses the desirability of further incremental enhancements in the...
Persistent link: https://www.econbiz.de/10012650769
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Assessing the efficacy, efficiency and potential side effects of the ECB's monetary policy instruments since 2014
Altavilla, Carlo; Lemke, Wolfgang; Linzert, Tobias; … - 2021
This paper summarises the work done by Eurosystem staff in the context of the Strategy Review Seminar on Monetary Policy Instruments. More specifically, it focuses on the efficacy, efficiency and potential side effects of the key monetary policy instruments employed by the European Central Bank...
Persistent link: https://www.econbiz.de/10012650793
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Digitalisation : channels, impacts and implications for monetary policy in the euro area
2021
The digitalisation workstream report analyses the degree of digital adoption across the euro area and EU countries and … of digital adoption differs across the euro area/EU, implying heterogeneous impacts, with most EU economies currently …. The pandemic has accelerated the use of teleworking: roughly every third job in the euro area/EU is teleworkable, although …
Persistent link: https://www.econbiz.de/10012626753
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The growth-at-risk perspective on the system-wide impact of Basel III finalisation in the euro area
Budnik, Katarzyna; Dimitrov, Ivan; Giglio, Carla; … - 2021
This paper assesses the macroeconomic implications of the Basel III finalisation for the euro area, employing a large-scale semi-structural model encompassing over 90 banks and 19-euro area economies. The new regulatory framework will influence banks’ reactions to economic conditions and, as a...
Persistent link: https://www.econbiz.de/10012602350
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The macroeconomic and fiscal impact of population ageing
Bodnár, Katalin; Nerlich, Carolin - 2022
The euro area, like many other advanced economies, has entered an era of drastic demographic change. Without appropriate policy responses, population ageing in the euro area is posing formidable challenges for potential growth, monetary policy and public finances. This paper examines - from a...
Persistent link: https://www.econbiz.de/10013286706
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The economic impact of the NPL coverage expectations in the euro area
Budnik, Katarzyna; Dimitrov, Ivan; Groß, Johannes; … - 2022
This paper looks at the macroeconomic impact of the two policies proposed by ECB Banking Supervision to tackle the high share of non-performing loans (NPLs) on the balance sheets of euro area banks. The first is the coverage expectations for new NPLs set out in the Addendum to the ECB's NPL...
Persistent link: https://www.econbiz.de/10013286744
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The economic impact of next generation EU : a euro area perspective
Bańkowski, Krzysztof; Bouabdallah, Othman; Semeano, … - 2022
This paper assesses the potential economic impact of Next Generation EU (NGEU), focusing on the euro area. Its findings …
Persistent link: https://www.econbiz.de/10013188827
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The macroeconomic impact of the Next Generation EU instrument on the euro area
Bańkowski, Krzysztof; Ferdinandusse, Marien; … - 2021
Generation EU (NGEU) instrument. NGEU allows the European Commission to issue debt to finance grants and loans to EU Member …
Persistent link: https://www.econbiz.de/10012417434
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Cross-border spillover effects of macroprudential policies : a conceptual framework
Kok Sørensen, Christoffer; Reinhardt, Dennis - Europäische Zentralbank / Task Force on Cross-Border … - 2020
Due to the international dimension of the financial sector within the EU and beyond, domestically oriented … national approaches within the EU for assessing and monitoring such cross-border spillover effects. The paper accompanies an …
Persistent link: https://www.econbiz.de/10012254361