Publication
Aug 2013
This paper studies the effects of European Central Bank (ECB) communications about unconventional monetary operations on the perceived sovereign risk of Italy. The authors find that the ECB announcements about unconventional monetary policies substantially reduced Italian long-term government bond yield spread relative to German counterparts.
| Download |
English (PDF, 34 pages, 524 KB) |
|---|---|
| Author | Matteo Falagiarda, Stefan Reitz |
| Series | Kiel Institute Working Papers |
| Issue | 1866 |
| Publisher | Kiel Institute for the World Economy |
| Copyright | © 2013 Kiel Institute for the World Economy |