The financial and macroeconomic effects of OMT announcements
Michele Lenza
Research Bulletin, 2015, vol. 22, 12-16
Abstract:
The ECB’s announcements that it could conduct Outright Monetary Transactions led to sizeable changes in the yield curves of some euro area countries. In particular, two-year bond yields in Italy and Spain are estimated to have fallen by around 200 basis points. As a consequence, it is likely that the announcements have had a positive effect on economic activity, prices and loans in Italy and Spain. JEL Classification: E47, E58, C54
Keywords: outright monetary transactions; event study; news; multi-country vector autoregressive model (search for similar items in EconPapers)
Date: 2015-05
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Related works:
Journal Article: The Financial and Macroeconomic Effects of the OMT Announcements (2016) 
Working Paper: The Financial and Macroeconomic Effects of OMT Announcements (2014) 
Working Paper: The Financial and Macroeconomic Effects of OMT Announcements (2014) 
Working Paper: The financial and macroeconomic effects of OMT announcements (2014) 
Working Paper: The Financial and Macroeconomic Effects of the OMT Announcements (2014) 
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbrbu:2015:0022:2
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