The market stabilization role of central bank asset purchases: high-frequency evidence from the COVID-19 crisis
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- Bernardini, Marco & De Nicola, Annalisa, 2025. "The market stabilization role of central bank asset purchases: High-frequency evidence from the COVID-19 crisis," Journal of International Money and Finance, Elsevier, vol. 152(C).
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Citations
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Cited by:
- Christophe Blot & Caroline Bozou & Jérôme Creel & Paul Hubert, 2021.
"Are all Central Bank Asset Purchases the Same? Different Rationales, Different Effects,"
Working Papers
hal-03554141, HAL.
- Christophe Blot & Caroline Bozou & Jérôme Creel & Paul Hubert, 2021. "Are all Central Bank Asset Purchases the Same? Different Rationales, Different Effects," SciencePo Working papers Main hal-03554141, HAL.
- Christophe Blot & Paul Hubert & Jérôme Creel & Caroline Bozou, 2023.
"The conditionality of monetary policy instruments,"
EconomiX Working Papers
2023-15, University of Paris Nanterre, EconomiX.
- Christophe Blot & Paul Hubert & Jérôme Creel & Caroline Bozou, 2023. "The conditionality of monetary policy instruments," Working Papers hal-04159848, HAL.
- Maria Ludovica Drudi & Giulio Carlo Venturi, 2023. "Assessing the liquidity premium in the Italian bond market," Questioni di Economia e Finanza (Occasional Papers) 795, Bank of Italy, Economic Research and International Relations Area.
- Altavilla, Carlo & Lemke, Wolfgang & Linzert, Tobias & Tapking, Jens & von Landesberger, Julian, 2021. "Assessing the efficacy, efficiency and potential side effects of the ECB’s monetary policy instruments since 2014," Occasional Paper Series 278, European Central Bank.
- Riccardo Poli & Marco Taboga, 2025.
"A Composite Indicator of Sovereign Bond Market Liquidity in the Euro Area,"
International Finance, Wiley Blackwell, vol. 28(1), pages 23-36, April.
- Riccardo Poli & Marco Taboga, 2021. "A composite indicator of sovereign bond market liquidity in the euro area," Questioni di Economia e Finanza (Occasional Papers) 663, Bank of Italy, Economic Research and International Relations Area.
- Marco Bernardini & Antonio M. Conti, 2023. "Announcement and implementation effects of central bank asset purchases," Temi di discussione (Economic working papers) 1435, Bank of Italy, Economic Research and International Relations Area.
- Corsi, Marco & Mudde, Yvo, 2022. "The use of the Eurosystem’s monetary policy instruments and its monetary policy implementation framework in 2020 and 2021," Occasional Paper Series 304, European Central Bank.
- Bank for International Settlements, 2023. "Central bank asset purchases in response to the Covid-19 crisis," CGFS Papers, Bank for International Settlements, number 68.
- Christophe Blot & Caroline Bozou & Jérôme Creel & Paul Hubert, 2022. "The Conditional PaThéof Central Bank Asset Purchases," Working papers 885, Banque de France.
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More about this item
Keywords
monetary policy; asset purchases; high-frequency data; local projections;All these keywords.
JEL classification:
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2021-01-04 (Central Banking)
- NEP-EEC-2021-01-04 (European Economics)
- NEP-MAC-2021-01-04 (Macroeconomics)
- NEP-MON-2021-01-04 (Monetary Economics)
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