Publicação
Euro Area monetary policy and financial stress regimes: a threshold var approach
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Nunes, Luís Catela | |
| dc.contributor.author | Martins, Daniela Soares | |
| dc.date.accessioned | 2020-09-18T09:08:52Z | |
| dc.date.available | 2020-09-18T09:08:52Z | |
| dc.date.issued | 2020-01-20 | |
| dc.date.submitted | 2020-01-03 | |
| dc.description.abstract | We investigate how the state of financial conditions affects the transmission of monetary policy to the euro area macroeconomy. Our main goal is to analyze the responses of output growth and inflation to monetary policy shocks during periods of low and high financial stress. Results from a Threshold Vector Autoregression model show that monetary policy is of negligible importance to the real economy during normal times. However, an effective tool to ease the state of financial conditions when the economy is already facing strains. Empirical evidence also suggests that in the short-run monetary policy cannot significantly influence the inflation rate. | pt_PT |
| dc.identifier.tid | 202492257 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/104267 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | Nova School of Business and Economics | |
| dc.subject | Eurozone | pt_PT |
| dc.subject | Financial stress regimes | pt_PT |
| dc.subject | Monetary policy shocks | pt_PT |
| dc.subject | Threshold vector autoregression. | pt_PT |
| dc.title | Euro Area monetary policy and financial stress regimes: a threshold var approach | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| oaire.awardNumber | UID/ECO/00124/2013 | |
| oaire.awardTitle | Nova School of Business and Economics | |
| oaire.awardURI | info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FECO%2F00124%2F2013/PT | |
| oaire.fundingStream | 6817 - DCRRNI ID | |
| project.funder.identifier | http://doi.org/10.13039/501100001871 | |
| project.funder.name | Fundação para a Ciência e a Tecnologia | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| relation.isProjectOfPublication | 644a3f4f-817b-4d0d-aba6-f98cdca28bc7 | |
| relation.isProjectOfPublication.latestForDiscovery | 644a3f4f-817b-4d0d-aba6-f98cdca28bc7 | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics | pt_PT |
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