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February 6, 2018

The effects of unconventional monetary policy in the euro area

Publication

How effective are unconventional monetary policies? Through which mechanisms do they work? This discussion paper contains a detailed presentation of the new scientific evidence we reported in the policy brief, and adds to the relatively scarce literature in this field.

December 27, 2016

Accounting for the Business Cycle Reduces the Estimated Losses from Systemic Banking Crises

Publication

We re-estimate the e ffects of systemic banking crises in industrialised countries reported by Cerra and Saxena with a model that includes transitory business cycle shocks.

January 12, 2016

Credit Supply Shocks in the Netherlands

Publication

This study looks at the effects of credit supply shocks in the Netherlands and provides estimates of how important credit supply disturbances have been for explaining the recent disappointing economic growth.

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January 24, 2012

Financial transaction tax: review and assessment

Publication

This paper reviews and assesses the Financial Transaction Ttax (FTT).

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