Akkaya, Y. ; Gürkaynak, R.S. ; Kısacıkoğlu, B. ; Wright, J.H. Forward Guidance and Asset Prices. 2015 Institute for Monetary and Economic Studies, Bank of Japan:
Altavilla, C. ; Brugnolini, L. ; Gürkaynak, R.S. ; Motto, R. ; Ragusa, G. Measuring Euro area monetary policy. 2019 J. Monetary Econ.. -
- Altavilla, C. ; Carboni, G. ; Motto, R. Asset purchase programmes and financial markets. 2021 Int. J. Central Bank.. 17 1-48
Paper not yet in RePEc: Add citation now
Altavilla, C. ; Giannone, D. ; Lenza, M. The financial and macroeconomic effects of the OMT announcements. 2016 Int. J. Central Bank.. 12 29-57
- Andrade, P. ; Ferroni, F. Delphic and odyssean monetary policy shocks: Evidence from the Euro area. 2020 J. Monetary Econ.. -
Paper not yet in RePEc: Add citation now
Antolín-Díaz, J. ; Petrella, I. ; Rubio-Ramírez, J.F. Structural scenario analysis with SVARs. 2021 J. Monetary Econ.. 117 798-815
Arias, J.E. ; Rubio-Ramírez, J.F. ; Waggoner, D.F. Inference based on structural vector autoregressions identified with sign and zero restrictions: Theory and applications. 2018 Econometrica. 86 685-720
Ball, L. ; Mazumder, S. A phillips curve for the Euro area. 2021 Int. Finance. 24 2-17
Bańbura, M. ; Giannone, D. ; Lenza, M. Conditional forecasts and scenario analysis with vector autoregressions for large cross-sections. 2015 Int. J. Forecast.. 31 739-756
- Bauer, M.D. ; Neely, C.J. International channels of the Fed’s unconventional monetary policy. 2014 J. Int. Money Finance. 44 24-46
Paper not yet in RePEc: Add citation now
Bauer, M.D. ; Rudebusch, G.D. The signaling channel for federal reserve bond purchases. 2014 Int. J. Central Bank.. -
Baumeister, C. ; Benati, L. Unconventional monetary policy and the great recession: Estimating the macroeconomic effects of a spread compression at the zero lower bound. 2013 Int. J. Central Bank.. 9 165-212
Baumeister, C. ; Peersman, G. The role of time-varying price elasticities in accounting for volatility changes in the crude oil market. 2013 J. Appl. Econometrics. 28 1087-1109
Baumeister, C. ; Peersman, G. Time-varying effects of oil supply shocks on the US economy. 2013 Am. Econ. J.: Macroecon.. 5 1-28
- Benati, L. The “great moderation” in the United Kingdom. 2008 J. Money Credit Bank.. 40 121-147
Paper not yet in RePEc: Add citation now
Benati, L. ; Mumtaz, H. U.S. Evolving Macroeconomic Dynamics: a Structural Investigation. 2007 European Central Bank:
Benati, L. ; Surico, P. VAR analysis and the great moderation. 2009 Am. Econ. Rev.. 99 1636-1652
Bernanke, B. ; Reinhart, V. ; Sack, B. Monetary policy alternatives at the zero bound: An empirical assessment. 2004 Brook. Pap. Econ. Activ.. 2004 1-100
Bhattarai, S. ; Eggertsson, G.B. ; Gafarov, B. Time Consistency and the Duration of Government Debt: A Signalling Theory of Quantitative Easing. 2015 National Bureau of Economic Research, Inc:
- Bluwstein, K. ; Canova, F. Beggar-thy-neighbor? The international effects of ECB unconventional monetary policy measures. 2016 Int. J. Central Bank.. 12 69-120
Paper not yet in RePEc: Add citation now
- Boeckx, J. ; Dossche, M. ; Peersman, G. Effectiveness and transmission of the ECB’s balance sheet policies. 2017 Int. J. Central Bank.. 13 297-333
Paper not yet in RePEc: Add citation now
Boivin, J. ; Giannoni, M.P. Has monetary policy become more effective?. 2006 Rev. Econ. Stat.. 88 445-462
Brand, C. ; Bielecki, M. ; Penalver, A. The Natural Rate of Interest: Estimates, Drivers, and Challenges to Monetary Policy. 2018 European Central Bank:
Burriel, P. ; Galesi, A. Uncovering the heterogeneous effects of ECB unconventional monetary policies across Euro area countries. 2018 Eur. Econ. Rev.. 101 210-229
Cahn, C. ; Matheron, J. ; Sahuc, J.-G. Assessing the macroeconomic effects of LTROs during the great recession. 2017 J. Money Credit Bank.. 49 1443-1482
Canova, F. ; Gambetti, L. Structural changes in the US economy: Is there a role for monetary policy?. 2009 J. Econ. Dyn. Control. 33 477-490
Chen, H. ; Cúrdia, V. ; Ferrero, A. The macroeconomic effects of large-scale asset purchase programmes. 2012 Econ. J.. 122 -
Chen, Q. ; Filardo, A. ; He, D. ; Zhu, F. Financial crisis, US unconventional monetary policy and international spillovers. 2016 J. Int. Money Finance. 67 62-81
Christensen, J.H.E. ; Rudebusch, G.D. The response of interest rates to US and UK quantitative easing. 2012 Econ. J.. 122 F385-F414
Chung, H. ; Laforte, J.-P. ; Reifschneider, D. ; Williams, J.C. Have we underestimated the likelihood and severity of zero lower bound events?. 2012 J. Money Credit Bank.. 44 47-82
- Churm, R. ; Joyce, M. ; Kapetanios, G. ; Theodoridis, K. Unconventional monetary policies and the macroeconomy: The impact of the UK’s QE2 and funding for lending scheme. 2018 Q. Rev. Econ. Finance. -
Paper not yet in RePEc: Add citation now
Ciccarelli, M. ; Osbat, C. Low Inflation in the Euro Area: Causes and Consequences. 2017 European Central Bank:
Cogley, T. ; Primiceri, G.E. ; Sargent, T.J. Inflation-gap persistence in the US. 2010 Am. Econ. J.: Macroecon.. 2 43-69
- Cogley, T. ; Sargent, T.J. Drifts and volatilities: monetary policies and outcomes in the post WWII US. 2005 Rev. Econ. Dyn.. 8 262-302
Paper not yet in RePEc: Add citation now
- Cogley, T. ; Sargent, T.J. Evolving post-world war II US inflation dynamics. 2001 NBER Mcroecon. Annu.. 16 331-373
Paper not yet in RePEc: Add citation now
Corsello, F. ; Neri, S. ; Tagliabracci, A. Anchored or de-anchored? That is the question. 2021 Eur. J. Political Econ.. 69 -
D’Agostino, A. ; Gambetti, L. ; Giannone, D. Macroeconomic forecasting and structural change. 2013 J. Appl. Econometrics. 28 82-101
D’Amico, S. ; English, W. ; López-Salido, D. ; Nelson, E. The federal reserve’s large-scale asset purchase programmes: Rationale and effects. 2012 Econ. J.. 122 -
D’Amico, S. ; King, T. Flow and stock effects of large-scale treasury purchases: Evidence on the importance of local supply. 2013 J. Financ. Econ.. 108 425-448
De Santis, R.A. Redenomination risk. 2019 J. Money Credit Bank.. 51 2173-2206
- Del Negro, M. ; Eggertsson, G. ; Ferrero, A. ; Kiyotaki, N. The great escape? A quantitative evaluation of the Fed’s liquidity facilities. 2017 Amer. Econ. Rev.. 107 824-857
Paper not yet in RePEc: Add citation now
Del Negro, M. ; Primiceri, G.E. Time varying structural vector autoregressions and monetary policy: A corrigendum. 2015 Rev. Econ. Stud.. 82 1342-1345
Diebold, F.X. ; Li, C. Forecasting the term structure of government bond yields. 2006 J. Econometrics. 130 337-364
- Draghi, M. Speech by mario draghi, president of the European central bank, at the global investment conference in London. 2012 :
Paper not yet in RePEc: Add citation now
Eggertsson, G.B. ; Woodford, M. The zero bound on interest rates and optimal monetary policy. 2003 Brook. Pap. Econ. Act.. 34 139-235
Elbourne, A. ; Ji, K. ; Duijndam, S. The Effects of Unconventional Monetary Policy in the Euro Area. 2018 CPB Netherlands Bureau for Economic Policy Analysis:
Engen, E.M. ; Laubach, T. ; Reifschneider, D.L. The Macroeconomic Effects of the Federal Reserve’s Unconventional Monetary Policies. 2015 Board of Governors of the Federal Reserve System (US):
Feldkircher, M. ; Huber, F. The international transmission of US shocks: Evidence from Bayesian global vector autoregressions. 2016 Eur. Econ. Rev.. 81 167-188
- Feldkircher, M. ; Huber, F. Unconventional U.S. monetary policy: New tools, same channels?. 2018 J. Risk Financ. Manage.. 11 1-31
Paper not yet in RePEc: Add citation now
Filardo, A. ; Hubert, P. ; Rungcharoenkitkul, P. Monetary policy reaction function and the financial cycle. 2022 J. Bank. Financ.. 142 -
Filardo, A. ; Nakajima, J. Effectiveness of Unconventional Monetary Policies in a Low Interest Rate Environment. 2018 Bank for International Settlements:
Fratzscher, M. ; Lo Duca, M. ; Straub, R. On the international spillovers of US quantitative easing. 2018 Econ. J.. 128 330-377
Fries, S. ; Mésonnier, J.-S. ; Mouabbi, S. ; Renne, J.-P. National natural rates of interest and the single monetary policy in the Euro area. 2018 J. Appl. Econometrics. 33 763-779
Gagnon, J. ; Raskin, M. ; Remache, J. ; Sack, B. The financial market effects of the federal reserve’s large-scale asset purchases. 2011 Int. J. Central Bank.. 7 3-43
- Galí, J. Monetary Policy, Inflation, and the Business Cycle: an Introduction to the New Keynesian Framework and its Applications. 2015 Princeton University Press:
Paper not yet in RePEc: Add citation now
Gambacorta, L. ; Hofmann, B. ; Peersman, G. The effectiveness of unconventional monetary policy at the zero lower bound: A cross-country analysis. 2014 J. Money Credit Bank.. 46 615-642
- Gambetti, L. ; Musso, A. The effects of the ECB’s expanded asset purchase programme. 2020 Eur. Econ. Rev.. 130 -
Paper not yet in RePEc: Add citation now
- Gertler, M. ; Karadi, P. A model of unconventional monetary policy. 2011 J. Monet. Econom.. 58 17-34
Paper not yet in RePEc: Add citation now
Giannone, D. ; Lenza, M. ; Pill, H. ; Reichlin, L. The ECB and the interbank market. 2012 Econ. J.. 122 F467-F486
Gokmenoglu, K.K. ; Hadood, A.A. Impact of US unconventional monetary policy on dynamic stock-bond correlations: Portfolio rebalancing and signalling channel effects. 2020 Finance Res. Lett.. 33 -
Hamilton, J.D. ; Wu, J.C. The effectiveness of alternative monetary policy tools in a zero lower bound environment. 2012 J. Money Credit Bank.. 44 3-46
- Hasenzagl, T. ; Pellegrino, F. ; Reichlin, L. ; Ricco, G. Low Inflation for Longer. 2018 VoxEU.org:
Paper not yet in RePEc: Add citation now
- Hasenzagl, T. ; Pellegrino, F. ; Reichlin, L. ; Ricco, G. The Inflation Puzzle in the Euro Area - It’s the Trend Not the Cycle!. 2019 VoxEU.org:
Paper not yet in RePEc: Add citation now
Holston, K. ; Laubach, T. ; Williams, J.C. Measuring the natural rate of interest: International trends and determinants. 2017 J. Int. Econ.. 108 59-75
Husted, L. ; Rogers, J. ; Sun, B. Monetary policy uncertainty. 2020 J. Monetary Econ.. 115 20-36
Ioannou, D. ; Pagliari, M.S. ; Stracca, L. The international impact of a fragile EMU. 2024 Eur. Econ. Rev.. 161 -
Jarociński, M. ; Karadi, P. Deconstructing monetary policy surprises—The role of information shocks. 2020 Am. Econ. J.: Macroecon.. 12 1-43
Joslin, S. ; Le, A. ; Singleton, K.J. JFEC invited paper: Gaussian macro-finance term structure models with lags. 2013 J. Financ. Econom.. 11 581-609
Joyce, M. ; Lasaosa, A. ; Stevens, I. ; Tong, M. The financial market impact of quantitative easing in the united kingdom. 2011 Int. J. Central Bank.. 7 113-161
Joyce, M. ; Miles, D. ; Scott, A. ; Vayanos, D. Quantitative easing and unconventional monetary policy–an introduction. 2012 Econ. J.. 122 F271-F288
Kapetanios, G. ; Mumtaz, H. ; Stevens, I. ; Theodoridis, K. Assessing the economy-wide effects of quantitative easing. 2012 Econ. J.. 122 -
Karadi, P. ; Nakov, A. Effectiveness and addictiveness of quantitative easing. 2021 J. Monetary Econ.. 117 1096-1117
Koop, G. ; Korobilis, D. Large time-varying parameter VARs. 2013 J. Econometrics. 177 185-198
Koop, G. ; Leon-Gonzalez, R. ; Strachan, R.W. On the evolution of the monetary policy transmission mechanism. 2009 J. Econom. Dynam. Control. 33 997-1017
Krishnamurthy, A. ; Nagel, S. ; Vissing-Jorgensen, A. ECB policies involving government bond purchases: Impact and channels. 2017 Rev. Finance. 22 1-44
Krishnamurthy, A. ; Vissing-Jorgensen, A. The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy. 2011 National Bureau of Economic Research:
Krishnamurthy, A., Vissing-Jorgensen, A., 2013. The Ins and Outs of LSAPs. In: Proceedings - Economic Policy Symposium - Jackson Hole.
- Krugman, P.R. ; Dominquez, K.M. ; Rogoff, K. It’s baaack: Japan’s slump and the return of the liquidity trap. 1998 Brook. Pap. Econ. Act.. 1998 137-205
Paper not yet in RePEc: Add citation now
Lenza, M. ; Pill, H. ; Reichlin, L. Monetary policy in exceptional times. 2010 Econ. Policy. 25 295-339
Lenza, M. ; Primiceri, G.E. How to estimate a vector autoregression after march 2020. 2022 J. Appl. Econometrics. 37 688-699
- Lhuissier, S. ; Nguyen, B. The Dynamic Effects of the ECB’s Asset Purchases: a Survey-Based Identification. 2021 Banque de France:
Paper not yet in RePEc: Add citation now
Lloyd, S.P. Unconventional Monetary Policy and the Interest Rate Channel: Signalling and Portfolio Rebalancing. 2017 Faculty of Economics, University of Cambridge:
Meinusch, A. ; Tillmann, P. The macroeconomic impact of unconventional monetary policy shocks. 2016 J. Macroecon.. 47 58-67
Melosi, L. Signalling effects of monetary policy. 2017 Rev. Econ. Stud.. 84 853-884
Miranda-Agrippino, S. ; Ricco, G. The transmission of monetary policy shocks. 2021 Am. Econ. J.: Macroecon.. 13 74-107
- Mouabbi, S. ; Sahuc, J.-G. Evaluating the macroeconomic effects of the ECB’s unconventional monetary policies. 2019 J. Money Credit Bank.. 51 831-858
Paper not yet in RePEc: Add citation now
Nakamura, E. ; Steinsson, J. High-frequency identification of monetary non-neutrality: The information effect. 2018 Q. J. Econ.. 133 1283-1330
Neely, C.J. Unconventional monetary policy had large international effects. 2015 J. Bank. Financ.. 52 101-111
Nelson, C. ; Siegel, A.F. Parsimonious modeling of yield curves. 1987 J. Bus.. 60 473-489
- Nyholm, K. A flexible short-rate based four factor arbitrage-free term structure model with an explicit monetary policy rule. 2018 :
Paper not yet in RePEc: Add citation now
- Nyholm, K. A Practitioner’s Guide to Discrete-Time Yield Curve Modelling: With Empirical Illustrations and MATLAB Examples. 2020 Cambridge University Press:
Paper not yet in RePEc: Add citation now
Nyholm, K. ; Vidova-Koleva, R. Nelson–Siegel, affine and quadratic yield curve specifications: Which one is better at forecasting?. 2012 J. Forecast.. 31 540-564
Odendahl, F. ; Pagliari, M.S. ; Penalver, A. ; Rossi, B. ; Sestieri, G. Euro Area Monetary Policy Effects. Does the Shape of the Yield Curve Matter?. 2023 Banque de France:
Peersman, G. Macroeconomic Effects of Unconventional Monetary Policy in the Euro Area. 2011 ECB Working Paper:
Peersman, G. The effectiveness of unconventional monetary policies. 2014 Ghent Univ. Faculty Econom. Bus. Admin.. 1-17
- Penalver, A. The natural rate of interest: estimates for the Euro area. 2017 :
Paper not yet in RePEc: Add citation now
Primiceri, G.E. Time varying structural vector autoregressions and monetary policy. 2005 Rev. Econ. Stud.. 72 821-852
Rogers, J.H. ; Scotti, C. ; Wright, J.H. ; Ellison, M. ; Kara, H. Evaluating asset-market effects of unconventional monetary policy: A cross-country comparison. 2014 Econ. Policy. 29 749-799
- Rostagno, M. ; Altavilla, C. ; Carboni, G. ; Lemke, W. ; Motto, R. ; Saint Guilhem, A. ; Yiangou, J. A Tale of Two Decades: the ECB’s Monetary Policy at 20. 2019 European Central Bank:
Paper not yet in RePEc: Add citation now
Rubio-Ramírez, J.F. ; Waggoner, D.F. ; Zha, T. Structural vector autoregressions: Theory of identification and algorithms for inference. 2010 Rev. Econ. Stud.. 77 665-696
Sims, C.A. ; Zha, T. Were there regime switches in US monetary policy?. 2006 Amer. Econ. Rev.. 96 54-81
Söderlind, P. ; Svensson, L. New techniques to extract market expectations from financial instruments. 1997 J. Monetary Econ.. 40 383-429
Uhlig, H. What are the effects of monetary policy on output? Results from an agnostic identification procedure. 2005 J. Monetary Econ.. 52 381-419
- Varghese, R. ; Zhang, Y.S. A New Wave of ECB’s Unconventional Monetary Policies: Domestic Impact and Spillovers. 2018 International Monetary Fund:
Paper not yet in RePEc: Add citation now
Vayanos, D. ; Vila, J.-L. A preferred-habitat model of the term structure of interest rates. 2021 Econometrica. 89 77-112
Waggoner, D.F. ; Zha, T. Conditional forecasts in dynamic multivariate models. 1999 Rev. Econ. Stat.. 81 639-651
- Weale, M. ; Wieladek, T. What are the macroeconomic effects of asset purchases?. 2016 J. Monetary Econ.. 79 81-93
Paper not yet in RePEc: Add citation now
- Wieladek, T. ; García Pascual, A.I. The European Central Bank’s QE: A New Hope. 2016 C.E.P.R. Discussion Papers:
Paper not yet in RePEc: Add citation now
- Woodford, M. Interest rate and prices. 2003 :
Paper not yet in RePEc: Add citation now
- Woodford, M., 2012. Methods of policy accommodation at the interest-rate lower bound. In: Proceedings - Economic Policy Symposium - Jackson Hole. pp. 185–288.
Paper not yet in RePEc: Add citation now
Wright, J.H. Comment on “measuring Euro area monetary policy” by Carlo Altavilla, Luca Brugnolini, Refet Gürkaynak, Giuseppe Ragusa and Roberto Motto. 2019 J. Monetary Econ.. 108 180-184