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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Detalhes bibliográficos
Autor principal: Afonso, António (author)
Outros Autores: Pereira, Francisco Gomes (author)
Formato: workingPaper
Idioma:eng
Publicado em: 2022
Assuntos:
unconventional monetary policy
difference-in-differences
euro area
employment
investment
Texto completo:http://hdl.handle.net/10400.5/23769
País:Portugal
Oai:oai:www.repository.utl.pt:10400.5/23769

Texto Completo

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

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