Auflistung LIF-SAFE Working Papers nach Schlagwort "unconventional monetary policy"

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    • Does Monetary Policy Impact International Market Co-Movements? 

      Caporin, Massimiliano; Pelizzon, Loriana; Plazzi, Alberto (2020-05-11)
      We show that FED policy announcements lead to a significant increase in international comovements in the cross-section of equity and in particular sovereign CDS markets. The relaxation of unconventionary monetary policies ...

    • Financing Conditions and Toxic Emissions 

      Goetz, Martin (2019-07-27)
      Exploiting heterogeneity in U.S. firms' exposure to an unconventional monetary policy shock that reduced debt financing costs, I identify the impact of financing conditions on firms' toxic emissions. I find robust evidence ...

    • Much Ado About Nothing: A Study of Differential Pricing and Liquidity of Short and Long Term Bonds 

      Driessen, Joost; Nijman, Theodore E.; Simon, Zorka (2018-11-01)
      Are yields of long-maturity bonds distorted by demand pressure of clientele investors, regulatory effects, or default, flight-to-safety or liquidity premiums? Using data on German nominal bonds between 2005 and 2015, we ...

    • The Impact of Monetary Policy Interventions on the Insurance Industry 

      Pelizzon, Loriana; Sottocornola, Matteo (2018-03-01)
      This paper investigates the effect of the conventional and unconventional (e.g. Quantitative Easing - QE) monetary policy intervention on the insurance industry. We first analyze the impact on the stock performances of 166 ...

    • The Macroeconomic Effects of Asset Purchases Revisited 

      Hesse, Henning; Hofmann, Boris; Weber, James (2018-02-13)
      This paper revisits the macroeconomic effects of the large-scale asset purchase programmes launched by the Federal Reserve and the Bank of England from 2008. Using a Bayesian VAR, we investigate the macroeconomic impact ...

    • Whatever it Takes: The Real Effects of Unconventional Monetary Policy 

      Acharya, Viral; Eisert, Tim; Eufinger, Christian; Hirsch, Christian (2017-04-11)
      Launched in Summer 2012, the European Central Bank (ECB)’s Outright Monetary Transactions (OMT) program indirectly recapitalized European banks through its positive impact on periphery sovereign bonds. However, the stability ...