Otwarty dostęp

The Activation Conditions of the Transmission Protection Instrument: Flawed by Design?


Zacytuj

Angeloni, I. and D. Gros (2022), How can the ECB deal with the risk of fragmentation?, CEPS Policy Insights, 2022-27. Search in Google Scholar

Arnold, I. and C. Kool (2004), The Role of Inflation Differentials in Regional Adjustment: Evidence from the United States, Credit and Capital Markets, 37(1), 62-85. Search in Google Scholar

Bernoth, K., J. von Hagen and L. Schuknecht (2012), Sovereign risk premiums in the European government bond market, Journal of International Money and Finance, 31(5), 975-995. Search in Google Scholar

Bernoth, K., S. Dietz, I. Gökhan and R. Lastra (2022), The ECB’s Transmission Protection Instrument: A legal & economic analysis, Monetary Dialogue Papers, European Parliament. Search in Google Scholar

Claeys, G., M. Demertzis and L. Guetta-Jeanrenaud (2022), Fragmentation risk in the euro area: no easy way out for the European Central bank, Monetary Dialogue Papers, European Parliament. Search in Google Scholar

De Grauwe, P. and Y. Ji (2013), From panic-driven austerity to symmetric macroeconomic policies in the Eurozone, Journal of Common Market Studies, 51. Search in Google Scholar

ECB (2022a, 9 June), Combined monetary policy decisions and statement, European Central Bank, https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds220609~7434064bed.en.pdf (13 September 2023). Search in Google Scholar

ECB (2022b, 15 June), Statement after the ad hoc meeting of the ECB Governing Council, European Central Bank, https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220615~2aa3900e0a.en.html (13 September 2023). Search in Google Scholar

ECB (2022c, 21 July), Monetary policy decisions, Press Release, https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.mp220721~53e5bdd317.en.html (13 September 2023). Search in Google Scholar

ECB (2022d, 21 July), The Transmission Protection Instrument, Press Release, https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220721~973e6e7273.en.html (13 September 2023). Search in Google Scholar

Eijffinger, S. and M. Pieterse-Bloem (2022), Eurozone government bond spreads: a tale of different ECB policy regimes, CEPR Press Discussion Paper, 17533. Search in Google Scholar

Feld, L., C. Fuest, V. Wieland, J. Haucap, H. Schweitze and B. Wigger (2022, 27 July), The ECB’s toxic bond-purchase program, Project Syndicate. Search in Google Scholar

Financial Times (2020, March 13), Lagarde triggers investor jitters as ECB launches virus response. Search in Google Scholar

Havlik, A., F. Heinemann, S. Helbig and J. Nover (2022), Dispelling the shadow of fiscal dominance? Fiscal and monetary announcement effects for euro area sovereign spreads in the corona pandemic, Journal of International Money and Finance, 122. Search in Google Scholar

Heimberger, P. (2023), Debt sustainability analysis as an anchor in EU fiscal rules, Paper prepared for the European Parliament. Search in Google Scholar

Kleidon, A. W. (1986), Variance bounds tests and stock price valuation models, Journal of Political Economy, 94(5), 953-1001. Search in Google Scholar

Lombardi, D., P. Siklos and S. St. Amand (2018), A survey of the international evidence and lessons learned about unconventional policies: is a ‘new normal’ in our future?, Journal of Economic Surveys, 32(5). Search in Google Scholar

Stevenson, B. and J. Wolfers (2023), Principles of Economics, 2nd edition, Macmillan. Search in Google Scholar

Wright, J. (2019), Comment on “Measuring euro area monetary policy”, Journal of Monetary Economics, 108. Search in Google Scholar

Wyplosz, C. (2011), Debt sustainability assessments: mission impossible, Review of Economics and Institutions, 2(3), 1-37. Search in Google Scholar

eISSN:
1613-964X
Język:
Angielski