A New Wave of ECB’s Unconventional Monetary Policies: Domestic Impact and Spillovers
A New Wave of ECB’s Unconventional Monetary Policies: Domestic Impact and Spillovers
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St. Louis: Federal Reserve Bank of St. Louis
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English
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St. Louis: Federal Reserve Bank of St. Louis
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ECB President Draghi’s Jackson Hole speech in August 2014 arguably marked a new phase of unconventional monetary policies (UMPs) in the euro area. This paper examines the market impact and tranmission channels of this new wave of UMPs using a modified event study framework. They are found to have a more prominent impact on inflation expectations an...
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A New Wave of ECB’s Unconventional Monetary Policies: Domestic Impact and Spillovers
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TN_cdi_proquest_journals_2059171309
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2059171309
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https://www.proquest.com/docview/2059171309?pq-origsite=primo&accountid=13902
