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The effects of unconventional monetary policy in the euro area
The effects of unconventional monetary policy in the euro area
Effects of Unconventional Monetary Policy on European Corporate Credit
In this paper we investigate whether the targeted longer-term refinancing operations (TLTRO) and the asset purchase program (APP) led to lower interest rates on new corporate credit, and whether the signalling channel and the capital relief channel played any role in the transmission of these ECB policies. →
Effects of Unconventional Monetary Policy on European Corporate Credit
In this paper we investigate whether the targeted longer-term refinancing operations (TLTRO) and the asset purchase program (APP) led to lower interest rates on new corporate credit, and whether the signalling channel and the capital relief channel played any role in the transmission of these ECB policies. →
Firm heterogeneity and exports in the Netherlands: Identifying export potential
According to the Melitz (2003) model, potential exporters have to be sufficiently productive to overcome the entry costs of foreign markets. Once firms pass this productivity threshold, they all export. However, empirical evidence indicates that a substantial share of high-productive firms do not export. →
Firm heterogeneity and exports in the Netherlands: Identifying export potential
According to the Melitz (2003) model, potential exporters have to be sufficiently productive to overcome the entry costs of foreign markets. Once firms pass this productivity threshold, they all export. However, empirical evidence indicates that a substantial share of high-productive firms do not export. →
Back to normal monetary policy
Back to normal monetary policy
CPB Risicorapportage Financiële Markten 2017
CPB Risicorapportage Financiële Markten 2017
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- Arjan Lejour (135)
- Hugo Rojas-Romagosa (58)
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