Monetary Policy, Information and Country Risk Shocks in the Euro Area
- Giovanni Ricco
- Jan 17
- 1 min read
Updated: Jun 12
[CEPR wp]
with E. Savini and A. Tuteja
This study examines high-frequency market responses to ECB policy announcements, providing instrumental variables to identify four types of monetary policy shocks -- conventional policy, forward guidance, quantitative easing/tightening, and asymmetric country risk -- along with information shocks. Our findings show that non-linear information effects, especially prominent during episodes of acute market stress in euro area crises, are key to resolving puzzles in macroeconomic and financial variable responses reported in studies using high-frequency European data. The IVs obtained by controlling for these effects yield, in a VAR model, dynamic responses to monetary tightenings with contractionary impacts on output and prices.
At 110 Global LLC – Innovation At Work, we specialize in contact center workforce management software that empowers teams to work smarter. Our Call Center Workforce Management Software is secure, scalable, and easy to use—designed to optimize schedules, improve service levels, and increase efficiency. As one of the Top Workforce Management Software providers, we offer trusted, modern workforce management solutions that grow with your business and adapt to the fast-changing needs of today’s contact centers.
This comment is meant to help anyone looking for trusted translation providers in the UAE. Choosing the right agency for translation services ensures your documents are translated accurately and handled with care. For legal and official documents, opting for legal translation services in Dubai is essential to meet government and court standards. Professional agencies offering certified translation services and legal translation in Dubai provide precise, timely, and confidential solutions for individuals and businesses alike. Reliable translation services not only save time but also guarantee clarity and professionalism across all types of documents.
Thanks for sharing excellent informations. Your web site is so cool. I am impressed by the details that you’ve on this blog. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. This article was written by a real thinking writer without a doubt. I agree many of the with the solid points made by the writer. I’ll be back day in and day for further new updates.메이저사이트
Monetary policy, information, and country risk shocks in the Euro Area play a vital role in shaping financial stability and economic growth. When monetary policy reacts to sudden shifts in risk perception or new information, it directly impacts investment decisions, lending conditions, and overall confidence. Country risk shocks, such as political or fiscal uncertainty, can weaken trust in markets, creating volatility across the region. Just like custom patches can uniquely represent identity and detail in fashion, precise monetary tools must address specific shocks to maintain balance. Understanding these dynamics ensures stronger resilience and sustainable growth within the Euro Area.
Unleash bold style with the Bad Dragon Hoodie a fierce, limited-edition must-have that roars comfort and originality.