We use event study regressions to compare the impact of monetary versus fiscal policy
announcements on euro area government bond spreads in the unfolding Covid-19 …

We examine the effects of the Asset Purchase Programme (APP) gradually introduced by the
European Central Bank from September 2014 onwards. Studying the short-term reaction of …

This paper evaluates the impact of announcements of Covid-19 related monetary and fiscal
policy measures by the European Central Bank and the European Commission. Applying an …

Using an event study design, this paper examines the effects of announcements of financial
policies, especially monetary policies, on a measure of financial stress in some advanced …

We investigate the effect of Eurosystem asset purchase programmes (APP) on the monthly
yields of 10-year sovereign bonds for 11 euro area sovereigns during January–December …

This paper investigates the financial market effects of the ECB's communication on the
Pandemic Emergency Purchase Programme (PEPP). Using data for 10 euro area countries …

The sovereign debt literature suggests the possibility that a self-fulfilling default crisis might
be avoided if markets believe the central bank will act as lender of last resort. This paper …

Using data from June 2014 to March 2018, this paper analyses the transmission channels of
the announcement effects of the ECB's asset purchase programme (APP) on core and …

This paper shows peculiar reactions of sovereign yields to ECB announcements. The focus
on different maturities reveals a diverse reaction within the euro area. While economies with …

This chapter examines the credit risk premiums of 131 European companies as the
difference between their CDS spreads and expected losses. The period between September …