Browsing Τμήμα Οικονομικών / Department of Economics by Subject "Crisis"
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Report
Inflation Expectations and Monetary Policy in Europe
(Social Science Research Network, 2016)We use monthly data across fifteen euro-area economies for the period 1985:1-2015:3 to obtain different monetary policy shocks pertaining to more versus less informed individuals. We then investigate how these affect ...
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Article
Inflation Expectations and Monetary Policy Surprises
(Wiley, 2020-01)We estimate monetary policy surprises for European consumers over time, based on monetary policy changes that were unanticipated according to consumers’ stated beliefs. We find that such monetary policy surprises have the ...
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Working Paper
Inflation expectations and monetary policy surprises
(2017-01)We use monthly data across fifteen euro-area economies for the period 1985:1-2015:3 to obtain monetary policy changes that can be regarded as surprises for different types of consumers. A novel feature of our empirical ...
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Article
Which banks smooth and at what price?
(Elsevier, 2020-12)By adjusting lending, banks can smooth the macroeconomic impact of deposit fluctuations. This may, however, lead to extended periods of disproportionately high lending relative to deposit intake and, under certain conditions, ...