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The monetary transmission mechanism in the Euro Area : has it changed with the EMU? : a VAR approach, with fiscal policy and financial stress considerations

Afonso, António; Silva, António Jorge - 2014

Persistent link: https://www.econbiz.de/10011554780

The Monetary Transmission Mechanism in the Euro Area : Has It Changed with the EMU? A VAR Approach, with Fiscal Policy and Financial Stress Considerations

Afonso, António - 2014

We study whether the adoption of the Euro and a single monetary policy have brought about a change in the monetary transmission mechanism and between the interactions of monetary policy, fiscal policy and financial stress in the Euro area. We find that the stylized facts of monetary transmission...

Persistent link: https://www.econbiz.de/10013050644

Sovereign yield spreads in the EMU : crisis and structural determinants

Afonso, António; Leal, Frederico Silva - 2017

Persistent link: https://www.econbiz.de/10011795241

"Whatever it takes" to resolve the European sovereign debt crisis? : bond pricing regime switches and monetary policy effects

Afonso, António; Arghyrou, Michael Georgiou; Gadea, … - 2017

This paper investigates the role of unconventional monetary policy as a source of time-variation in the relationship between sovereign bond yield spreads and their fundamental determinants. We use a two-step empirical approach. First, we apply a time-varying parameter panel modelling framework...

Persistent link: https://www.econbiz.de/10011759005

"Whatever it takes" to resolve the European sovereign debt crisis? : bond pricing regime switches and monetary policy effects

Afonso, António; Arghyrou, Michael Georgiou; Gadea, … - 2017

This paper investigates the role of unconventional monetary policy as a source of time-variation in the relationship between sovereign bond yield spreads and their fundamental determinants. Our results provide evidence of a new bond-pricing regime following the announcement of the Outright...

Persistent link: https://www.econbiz.de/10011735972

Coordination of fiscal with monetary and financial stability policies can better cure unemployment

Arestis, Philip - In: Review of Keynesian economics 3 (2015) 2, pp. 233-247

Persistent link: https://www.econbiz.de/10011312357

"Whatever it takes" to resolve the European sovereign debt crisis? : bond pricing regime switches and monetary policy effects

Afonso, António; Arghyrou, Michael Georgiou; Gadea, … - In: Journal of international money and finance 86 (2018), pp. 1-30

Persistent link: https://www.econbiz.de/10012000463

Sovereign debt crisis in Portugal and Spain

Afonso, António; Verdial, Nuno - 2020

into the Eurozone. We assessed the pricing of sovereign risk by performing an OLS/2SLS fixed effects panel analysis on a … pool of Eurozone countries and a SUR regression with Portugal and Spain covering the period 1999:11 until 2019:6. Our …. Specifically, market pricing of the Eurozone credit risk, liquidity risk and the risk appetite increased after the crisis and it …

Persistent link: https://www.econbiz.de/10012164218

The recent global crises and economic policies for future durable recovery

Arestis, Philip; Karagiannis, Nikolaos - In: Prospects and Policies for Global Sustainable Recovery …, (pp. 1-39). 2023

Persistent link: https://www.econbiz.de/10014297142

Macro-economic and financial policies for sustainability and resilience

Arestis, Philip - In: Economic policies for sustainability and resilience, (pp. 1-44). 2022

The focus of this contribution is on macroeconomic and financial policies. It relies on fiscal, monetary and financial stability policies, which aim to develop sustainable and resilient market economies. This contribution relies on our macroeconomic model, which accounts for the financial...

Persistent link: https://www.econbiz.de/10012798993