Czech paper finds mixed evidence of spillovers from ECB unconventional policies
Unconventional policy may not spill over as much as previously thought
Monetary policy at the European Central Bank (ECB) spills over to countries outside the eurozone, but the spillovers are varied, according to a working paper published by the Czech National Bank.
In Spillover of the ECB's monetary policy outside the euro area, authors Oxana Babecká Kucharčuková, Peter Claeys and Bořek Vašíček take six European, non-eurozone countries and test them on the basis of a dynamic factor model, for both conventional interest rate changes, and unconventional policies.
Th
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Bernanke calls for total redesign of BoE forecasting
- Taking stock of Bernanke: the original sin of forecasting
- Bank of England: time for fourth-generation forecasting tools?