The effectiveness of unconventional monetary policy at the zero lower bound : a cross-country analysis

By L. Gambacorta, Boris Hofmann, G. Peersman. 2014

345 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/728dac37d56af8fb93b7159499c4d5b9209b8b31

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Giovanni Caggiano
2. Efrem Castelnuovo
3. Giovanni Pellegrino
4. Urszula Szczerbowicz

In Finance

1. Urszula Szczerbowicz
2. Giovanni Pellegrino
3. Giovanni Caggiano
4. Efrem Castelnuovo

Citations in the corpus

• The ECB Unconventional Monetary Policies: Have They Lowered Market Borrowing Costs for Banks and Governments? (2012, background): “…the empirical evidence about the effects of non-orthodox measures in the euro area is still relatively scarce.3 The impact on macroeconomic variables was studied by Peersman (2011) and Gambacorta et al. (2012) who showed that the ECB unconventional monetary policies increased output and inflation.”
• Estimating the Real Effects of Uncertainty Shocks at the Zero Lower Bound (2017, positive): “Following Gambacorta et al. (2014) , we consider the adjusted monetary base as a measure of liability. 26 Gambacorta et al. (2014) show with a panel VAR for eight advanced economies that unconventional monetary policy shocks identified by using such a measure had expansionary effects on real activit”