Activation of new ECB emergency program TPI not required so far

Autor: Bernoth, Kerstin, Dietz, Sara, Ider, Gökhan, Lastra, Rosa M.

Since the beginning of 2022, monetary policy in the euro area has been gradually normalizing. As a result, bond yields of highly indebted countries such as Italy and Greece are rising more sharply than those of countries with less debt, such as Germa

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od______1687::66c18cc77c6b550f3004e70abbf18766
https://hdl.handle.net/10419/265835

The value of understanding central bank communication

Autor: Alexandre Girard, Renaud Beaupain

Publikováno v: Economic Modelling
Economic Modelling, Elsevier, 2020, 85, pp.154-165. ⟨10.1016/j.econmod.2019.05.013⟩
Economic Modelling, 2020, 85, pp.154-165. ⟨10.1016/j.econmod.2019.05.013⟩

International audience; This paper examines whether the communication of a central bank can complement its actions to coordinate market expectations and ultimately steer long-term interest rates. More specifically, we propose a measure of common unde

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::313fc8ed7f25115fd98f13d48e799af3
https://hal.archives-ouvertes.fr/hal-02509297

Convergence patterns in sovereign bond yield spreads: Evidence from the Euro Area

Autor: Christina Christou, Nikolaos Antonakakis, Juncal Cunado, Rangan Gupta

Publikováno v: Antonakakis, N, Christou, C, Cunado, J & Gupta, R 2017, ' Convergence patterns in sovereign bond yield spreads: evidence from the Euro Area ', Journal of International Financial Markets, Institutions and Money, vol. 49, pp. 129-139 . https://doi.org/10.1016/j.intfin.2017.03.002

This study examines the convergence patterns of Euro Area (EA) 17 countries’ sovereign bond yield spreads (relative to German bund) over the period of March 2002 to December 2015, by employing the convergence algorithm developed by Phillips and Sul

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fc1678878ecd97973ac8f904fabed8d3
https://doi.org/10.1016/j.intfin.2017.03.002

Macroeconomic, financial and institutional determinants of Eurozone sovereign crisis - Evidence from daily data

Autor: Jean-yves Filbien, Fabien Labondance, Yann Echinard

Publikováno v: Economics Bulletin. 33(2):1170-1176

We empirically investigate the determinants of sovereign bond spreads in the euro area since the beginning of the crisis. We combine economic but also political uncertainty variables for three different groups of countries. We took into account an in

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od_______645::39942851797ece53b7e6fedf15922c0f
http://www.accessecon.com/Pubs/EB/2013/Volume33/EB-13-V33-I2-P110.pdf

The Impact of the ECB's Asset Purchase Programmes on Sovereign Bond Spreads in the Euro Area

Autor: Gibran Watfe

This paper estimates the immediate impact of the European Central Bank's asset purchase programmes on sovereign bond spreads in the euro area between 2008 and 2015 using a country-by-country GARCH model. The baseline estimates are rigorously diagnose

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od_______645::a5d2658c3f1cd7ca82ce01f2ef234785
https://www.coleurope.eu/system/files_force/research-paper/beer35.pdf?download=1