Arbeitspapier
Money, credit, monetary policy, and the business cycle in the euro area: What has changed since the crisis?
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and long-term loans and deposits exceptionally low since the Lehman collapse. Instead, short-term interest rates and short-term loans and deposits did not show abnormal dynamics in the course of the financial and sovereign debt crisis.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 885
- Klassifikation
-
Wirtschaft
Multiple or Simultaneous Equation Models: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
Model Construction and Estimation
Business Fluctuations; Cycles
Money Supply; Credit; Money Multipliers
Monetary Policy
- Thema
-
money
loans
nonfinancial corporations
monetary policy
euro area
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Giannone, Domenico
Lenza, Michele
Reichlin, Lucrezia
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Giannone, Domenico
- Lenza, Michele
- Reichlin, Lucrezia
- Federal Reserve Bank of New York
Entstanden
- 2019
Ähnliche Objekte (12)
Money, credit, monetary policy and the business cycle in the euro area: What has changed since the crisis?
Fluctuations in the Swiss Franc: What has Changed Since the Euro's Introduction?
Money-market segmentation in the euro area: what has changed during the turmoil?
Labor market trends and outcomes: What has changed since the Great Recession?
Labor market trends and outcomes: What has changed since the Great Recession?
Has the Euro changed the Business Cycle?
Has the Euro changed the Business Cycle?
The economic consequences of divorce in Germany: what has changed since the turn of the millennium?
The long-term distribution of expected inflation in the euro area: what has changed since the great recession?
Why Has the Pricing of New Cars Changed?
Has the wage Phillips curve changed in the euro area?
How Has Social Media Changed the Way We Grieve?
Money, credit, monetary policy and the business cycle in the euro area: What has changed since the crisis?
Fluctuations in the Swiss Franc: What has Changed Since the Euro's Introduction?
Money-market segmentation in the euro area: what has changed during the turmoil?
Labor market trends and outcomes: What has changed since the Great Recession?
Labor market trends and outcomes: What has changed since the Great Recession?
Has the Euro changed the Business Cycle?
Has the Euro changed the Business Cycle?
The economic consequences of divorce in Germany: what has changed since the turn of the millennium?
The long-term distribution of expected inflation in the euro area: what has changed since the great recession?
Why Has the Pricing of New Cars Changed?
Has the wage Phillips curve changed in the euro area?
How Has Social Media Changed the Way We Grieve?
Money, credit, monetary policy and the business cycle in the euro area: What has changed since the crisis?
Fluctuations in the Swiss Franc: What has Changed Since the Euro's Introduction?
Money-market segmentation in the euro area: what has changed during the turmoil?
Labor market trends and outcomes: What has changed since the Great Recession?
Labor market trends and outcomes: What has changed since the Great Recession?
Has the Euro changed the Business Cycle?
Has the Euro changed the Business Cycle?
The economic consequences of divorce in Germany: what has changed since the turn of the millennium?
The long-term distribution of expected inflation in the euro area: what has changed since the great recession?
Why Has the Pricing of New Cars Changed?
Has the wage Phillips curve changed in the euro area?