France, Germany, Italy, and Spain. The scenario analysis suggests that the reduction in bond yields due to OMT announcements … Central Bank (ECB). Using high-frequency data, we find that OMT announcements decreased the Italian and Spanish 2-year … government bond yields by about 2 percentage points, while leaving unchanged the bond yields of the same maturity in Germany and …

Each year Germany and many other developed economies spend tens of billions of Euros on active measures of employment … offices in Germany. To this end, we analyze ALMP in Germany in a spatially augmented regression framework. Our results suggest …