Politica monetaria
Ago
04
2018
The European Central Bank (ECB) released the results of the 2018:Q3 predictions on macroeconomic conditions in the Euro Zone. The main findings are summarized in three points: HICP inflation expectations revised upwards for 2018 and 2019, while unchanged for 2020; longer-term expectations remained stable at ...more »
Tagged width: ecb, politica monetaria
ECB: Monetary Policy Decisions
Posted in: News
Lug
26
2018
The Governing Council of the ECB met on July 26th to update decisions concerning monetary policy across the monetary union.The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, ...more »
Tagged width: ecb, politica monetaria
Lug
20
2018
The European Central Bank (ECB) published a working paper assessing the impact of monetary policy on households inequality across the Euro Area. Specifically, the study deals with the impact of the recently adopted quantitative easing, on which recently came to public attention. For example, commentators have ...more »
Tagged width: ecb, politica monetaria
FSB: reforms to interest rate benchmarks
Posted in: News
Lug
15
2018
The Financial Stability Board (FSB) has today published a statement on reforms to interbank offered rates (IBORs) and the development of overnight risk-free, or nearly risk-free, rates (RFRs) and term rates. The statement is intended to provide market participants and other stakeholders with the FSB’s views ahead ...more »
Tagged width: EBA, politica monetaria
Lug
07
2018
The Committee on the Global Financial System (CGFS) mandated a Working Group co-chaired by Ulrich Bindseil (European Central Bank) and Steven B Kamin (Federal Reserve Board of Governors) to identify and provide evidence for the channels through which a “low-for-long” scenario might affect financial stability, ...more »
Tagged width: BIS, politica monetaria
Lug
07
2018
Monetary policy: Non-standard monetary policy measures On 14 June 2018 the Governing Council decided that net purchases under the asset purchase programme (APP) would continue at the current monthly pace of €30 billion until the end of September 2018 and announced that it anticipated that, ...more »
Tagged width: ecb, politica monetaria
Curva dei rendimenti invertita? Questione di aspettative
di Cosimo Zangari e Federico Bartolozzi
Posted in: Articolo
Lug
07
2018
«Thanks to Fed, an Inverted Yiled Curve is imminent» titolava, con toni allarmistici, pochi giorni fa un articolo di Brian Chappatta su Bloomberg [1], a seguito della recente decisione del FED Open Market Committee – FOMC – di rivedere al rialzo i tassi a breve ...more »
Tagged width: fed, politica monetaria
Giu
29
2018
The Governing Council of the European Central Bank (ECB) has decided on the final methodology for calculating the Euro Short-Term Rate (ESTER) – an overnight unsecured rate based entirely on money market statistical reporting (MMSR), which will start to be published by October 2019. We ...more »
Tagged width: ecb, politica monetaria
Giu
29
2018
Banca d’Italia comunica la decisione di mantenere il coefficiente della riserva di capitale anticiclica allo zero per cento per il terzo trimestre del 2018. La decisione è stata presa sulla base dell’analisi degli indicatori di riferimento, in particolare: nel primo trimestre del 2018 lo scostamento ...more »
Tagged width: politica monetaria
Giu
23
2018
The Bank for International settlement published a research paper aimed at estimating the probability of an economy hitting its effective lower bound (ELB) on the nominal interest rate and of the expected duration of such an event for eight advanced economies. The paper estimates the ...more »
Tagged width: BIS, politica monetaria
