| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10856 |
| DP10856 Beggar-thy-neighbor? The international effects of ECB unconventional monetary policy measures | |
| Fabio Canova; Kristina Bluwstein | |
| 发表日期 | 2015-10-04 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | The effects that European Central Bank unconventional monetary policy measures have on nine European countries not adopting the Euro are examined with a novel Bayesian mixed frequency Structural Vector Autoregressive technique. The technique accounts for the fact that macro, monetary and financial data have different frequencies. Unconventional monetary policy disturbances generate important domestic fluctuations. The wealth, the risk, and the portfolio rebalancing channels matter for international propagation; the credit channel does not. International spillovers are larger in countries with more advanced financial systems and a larger share of domestic banks. A comparison with conventional monetary policy disturbances and with announcement surprises is provided. |
| 主题 | International Macroeconomics and Finance ; Monetary Economics and Fluctuations |
| 关键词 | Bayesian mixed frequency svar Financial spillovers International transmission Unconventional monetary policy |
| URL | https://cepr.org/publications/dp10856 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539686 |
| 推荐引用方式 GB/T 7714 | Fabio Canova,Kristina Bluwstein. DP10856 Beggar-thy-neighbor? The international effects of ECB unconventional monetary policy measures. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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