A New Wave of ECB's Unconventional Monetary Policies : Domestic Impact and Spillovers /

ECB President Draghi's Jackson Hole speech in August 2014 arguably marked a new phase of unconventional monetary policies (UMPs) in the euro area. This paper examines the market impact and tranmission channels of this new wave of UMPs using a modified event study framework. They are found to ha...

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Autor principal: Varghese, Richard
Altres autors: Zhang, Yuanyan Sophia
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2018.
Col·lecció:IMF Working Papers; Working Paper ; No. 2018/011
Accés en línia:Full text available on IMF