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Spillovers from the ECB's non-standard monetary policies on non-euro area EU countries: evidence from an event-study analysis

Author

Listed:
  • McQuade, Peter
  • Falagiarda, Matteo
  • Tirpák, Marcel

Abstract

Using event-study techniques we investigate the presence and the magnitude of spillovers from the ECB JEL Classification: C32, E52, E58

Suggested Citation

  • McQuade, Peter & Falagiarda, Matteo & Tirpák, Marcel, 2015. "Spillovers from the ECB's non-standard monetary policies on non-euro area EU countries: evidence from an event-study analysis," Working Paper Series 1869, European Central Bank.
  • Handle: RePEc:ecb:ecbwps:20151869
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Richhild Moessner, 2018. "Effects of asset purchases and financial stability measures on term premia in the euro area," BIS Working Papers 721, Bank for International Settlements.
    2. Feldkircher, Martin & Gruber, Thomas & Huber, Florian, 2017. "Spreading the word or reducing the term spread? Assessing spillovers from euro area monetary policy," Department of Economics Working Paper Series 5554, WU Vienna University of Economics and Business.
    3. repec:eee:jmacro:v:55:y:2018:i:c:p:46-63 is not listed on IDEAS
    4. International Monetary Fund, 2016. "Cross-Country Report on Spillovers; Selected Issues," IMF Staff Country Reports 16/212, International Monetary Fund.
    5. Moder, Isabella, 2017. "Spillovers from the ECB's non-standard monetary policy measures on south-eastern Europe," Working Paper Series 2095, European Central Bank.
    6. Alessio Ciarlone & Andrea Colabella, 2016. "Spillovers of the ECB's non-standard monetary policy into CESEE economies," Revista Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 34(81), pages 175-190, December.
    7. McQuade, Peter & Schmitz, Martin, 2017. "The great moderation in international capital flows: A global phenomenon?," Journal of International Money and Finance, Elsevier, vol. 73(PA), pages 188-212.
    8. repec:eee:jbfina:v:86:y:2018:i:c:p:1-20 is not listed on IDEAS
    9. Bernhard, Severin & Ebner, Till, 2017. "Cross-border spillover effects of unconventional monetary policies on Swiss asset prices," Journal of International Money and Finance, Elsevier, vol. 75(C), pages 109-127.
    10. Wildmer Daniel Gregori & Wildmer Agnese Sacchi, 2016. "Has the Grexit news spilled over into euro area financial markets? The role of domestic political leaders, supranational executives and institutions," Mo.Fi.R. Working Papers 134, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    11. repec:vls:rojfme:v:4:y:2017:i:1:p:191-195 is not listed on IDEAS
    12. Alessio Ciarlone & Andrea Colabella, 2018. "Asset price volatility in EU-6 economies: how large is the role played by the ECB?," Temi di discussione (Economic working papers) 1175, Bank of Italy, Economic Research and International Relations Area.
    13. Michał Laskowski, 2016. "Instytucjonalne uwarunkowania wspólnej polityki pieniężnej w Unii Gospodarczej i Walutowej / Institutional Framework of Single Monetary Policy in The Economic and Monetary Union," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 16, pages 313-331, December.
    14. Martin Feldkircher Author-Email: martin.feldkircher@oenb.at Author-WorkPlace-Name: Oesterreichische Nationalbank (OeNB) & Thomas Gruber Author-Email: thomas.gruber@oenb.at Author-WorkPlace-Name: Oeste, 2017. "Spreading the word or reducing the term spread? Assessing spillovers from euro area monetary policy," Department of Economics Working Papers wuwp248, Vienna University of Economics and Business, Department of Economics.

    More about this item

    Keywords

    Central and Eastern Europe; ECB; event-study; monetary policy spillovers;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • 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

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