The distributional effects of conventional monetary policy and quantitative easing: Evidence from an estimated DSGE model

S Hohberger, R Priftis, L Vogel - Journal of Banking & Finance, 2020 - Elsevier
This paper compares the distributional effects of conventional monetary policy and
quantitative easing (QE) within an estimated open-economy DSGE model of the euro area …

Monetary policy or macroprudential policies: What can tame the cycles?

U Vollmer - Journal of Economic Surveys, 2022 - Wiley Online Library
This survey systematizes the rapidly growing literature on the influence of monetary policy
and macroprudential policy on the macroeconomy. It examines the impact of monetary …

Central banking in challenging times

CEV Borio - 2019 - papers.ssrn.com
Abstract Since the Great Financial Crisis, central banks have been facing a triple challenge:
economic, intellectual and institutional. The institutional challenge is that central bank …

[CARTE][B] Implications of negative interest rates for the net interest margin and lending of euro area banks

M Klein - 2020 - econstor.eu
This paper explores the impact of low (but) positive and negative market interest rates on
euro area banks' net interest margin (NIM) and its components, retail lending and retail …

Euro area banking and monetary policy shocks in the QE era

A Kabundi, FN De Simone - Journal of Financial Stability, 2022 - Elsevier
This paper assesses the effects of monetary policy shocks on the macroeconomy and the
euro area banking sector after the global financial crisis. First, financial risk-return indicators …

Monetary policy and systemic risk-taking in the euro area banking sector

A Kabundi, FN De Simone - Economic Modelling, 2020 - Elsevier
Available empirical evidence on the significance of the (micro) risk-taking channel of
monetary policy is not enough to indicate a threat to financial stability. Evidence of risk …

Monetary policy, capital regulation and bank risk-taking: Evidence from China

H Jiang, C Yuan - Journal of Asian Economics, 2022 - Elsevier
This paper investigates the monetary policy's risk-taking channel in China's banking sector
and reveals how capital buffer affects this channel in both theoretical and empirical …

Banks' business models in the euro area: a cluster analysis in high dimensions

M Farnè, AT Vouldis - Annals of Operations Research, 2021 - Springer
We propose a clustering method for large dimensional data to classify the 365 largest euro
area financial institutions according to their business model. The proposed clustering …

How do the dual effects of financial development change the transmission of monetary policy?–Evidence from China

Y Xu, X Ji, S Zhan, M Zhan - The North American Journal of Economics and …, 2023 - Elsevier
Based on the different driving factors of financial development, the paper divides the
financial development of develo** countries into dual effects, namely marketization effects …

Is the negative interest rate policy effective?

RL Czudaj - Journal of Economic Behavior & Organization, 2020 - Elsevier
This paper examines the effectiveness of the negative interest rate policy conducted by
several central banks to stabilize economic growth and inflation expectations through the …