The adoption of quantitative easing (QE) policy by the United States (US) Federal Reserve Bank since early 2009 has …

This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its … Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is … countries of the Euro Area. The second main part of the paper assesses which other tools the ECB could use in order to stimulate …

This paper briefly assesses the effectiveness of the different non-standard monetary policy tools in the Euro Area. Its … Hayek (2009) expressed it, i.e. that the bank will finally have to accept either a recession or inflation and that there is … countries of the Euro Area. The second main part of the paper assesses which other tools the ECB could use in order to stimulate …

locational bank statistics data from the Bank for International Settlements to examine whether quantitative easing has caused an …

We study the impact of the ECB's large scale asset purchase programme on selected euro area and neighbouring countries … longerterm bond yields in the euro area as well as in neighbouring countries. As a consequence of the fixed exchange rate regime …, Danish sovereign bond yields have been tracking those of Germany very closely. Countries with a floating exchange rate have …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have … warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … crisis countries (Greece, Portugal, Ireland, Cyprus, Spain) based on over 200 past macroeconomic adjustment episodes between …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have … warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … crisis countries (Greece, Portugal, Ireland, Cyprus, Spain) based on over 200 past macroeconomic adjustment episodes between …