Unconventional monetary policy in the Euro Area. Impacts on loans, employment, and investment

Using a difference-in-differences identification strategy on a micro panel at the bank and firm level, we study the transmission effectiveness of ECB’s large-scale asset purchasing programs programs (i.e. APP and PEPP) in the Euro area. Our findings show: first, balance sheet composition of banks is...

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Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Pereira, Francisco Gomes (author)
Format: workingPaper
Language:eng
Published: 2022
Subjects:
unconventional monetary policy
difference-in-differences
euro area
employment
investment
Online Access:http://hdl.handle.net/10400.5/23769
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/23769

Internet

http://hdl.handle.net/10400.5/23769

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