Carlo Altavilla

European Central Bank (ECB)

Sonnemannstrasse 22

Frankfurt am Main, 60314

Germany

SCHOLARLY PAPERS

43

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219

Scholarly Papers (43)

Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

Journal of Financial Economics (JFE), Forthcoming, Swedish House of Finance Research Paper No. 19-11
Number of pages: 59 Posted: 30 Sep 2019 Last Revised: 09 Jun 2021
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 1,289 (27,091)
Citation 13

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monetary policy, negative rates, lending channel, corporate channel

Is there a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

ECB Working Paper No. 2289 (2019); ISBN 978-92-899-3551-7
Number of pages: 56 Posted: 11 Jun 2019
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 421 (119,320)
Citation 1

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monetary policy, negative rates, lending channel, corporate channel

Is There a Zero Lower Bound? The Effects of Negative Policy Rates on Banks and Firms

CEPR Discussion Paper No. DP14050
Number of pages: 55 Posted: 17 Oct 2019 Last Revised: 06 May 2020
European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and Central Bank of Ireland
Downloads 1 (1,092,784)
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corporate channel, Lending Channel, monetary policy, negative rates

2.

Asset Purchase Programmes and Financial Markets: Lessons from the Euro Area

ECB Working Paper No. 1864
Number of pages: 54 Posted: 19 Jan 2016
Carlo Altavilla, Giacomo Carboni and Roberto Motto
European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 1,072 (35,961)
Citation 107

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yield curve, quantitative easing, LSAP, APP, event study

3.

A Tale of Two Decades: The Ecb's Monetary Policy at 20

ECB Working Paper No. 20192346
Number of pages: 339 Posted: 08 Jan 2020 Last Revised: 18 Nov 2021
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank, European Central Bank (ECB), European Central Bank (ECB) and Independent
Downloads 805 (53,569)
Citation 40

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4.

Assessing Monetary Rules Performance Across Emu Countries

Number of pages: 32 Posted: 23 Nov 2000
Carlo Altavilla
European Central Bank (ECB)
Downloads 553 (86,779)
Citation 2

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inflation targeting, monetary rule, ECB

5.

The Financial and Macroeconomic Effects of OMT Announcements

ECB Working Paper No. 1707
Number of pages: 25 Posted: 06 Aug 2014
Carlo Altavilla, Domenico Giannone and Michele Lenza
European Central Bank (ECB), Centre for Economic Policy Research (CEPR) and European Central Bank (ECB)
Downloads 552 (86,949)
Citation 87

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Outright Monetary Transactions, event study, news, multi-country vector autoregressive model

Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers

Number of pages: 46 Posted: 04 Jan 2020
European Central Bank (ECB), European Central Bank (ECB), Imperial College London and European Central Bank (ECB)
Downloads 549 (86,541)
Citation 1

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AnaCredit, banking, euro area crisis, monetary policy, supervision

Banking Supervision, Monetary Policy and Risk-Taking: Big Data Evidence from 15 Credit Registers

CEPR Discussion Paper No. DP14288
Number of pages: 47 Posted: 14 Jan 2020
European Central Bank (ECB), European Central Bank (ECB), Imperial College London and European Central Bank (ECB)
Downloads 0
Citation 8
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AnaCredit, Banking, euro area crisis, monetary policy, Supervision

Loan Guarantees, Bank Lending and Credit Risk Reallocation

Number of pages: 51 Posted: 18 Nov 2021 Last Revised: 08 Aug 2022
European Central Bank (ECB), Indiana University - Kelley School of Business - Department of Finance, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF), Luiss Guido Carli University - Department of Economics and Finance and European Central Bank (ECB)
Downloads 369 (138,891)
Citation 1

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loan guarantees, bank lending, COVID-19 pandemic, substitution, credit risk

Loan Guarantees, Bank Lending and Credit Risk Reallocation

Center for Financial Studies Working Paper No. 672, 2021
Number of pages: 46 Posted: 05 Feb 2022
European Central Bank (ECB), Indiana University - Kelley School of Business - Department of Finance, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF), Luiss Guido Carli University - Department of Economics and Finance and European Central Bank (ECB)
Downloads 134 (364,575)
Citation 4

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loan guarantees, bank lending, COVID-19 pandemic, substitution, credit risk

Loan Guarantees, Bank Lending and Credit Risk Reallocation

CEPR Discussion Paper No. DP16727
Number of pages: 46 Posted: 04 Feb 2022
European Central Bank (ECB), Indiana University - Kelley School of Business - Department of Finance, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF), Luiss University of Rome and European Central Bank (ECB)
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bank lending, Covid-19 pandemic, credit risk, loan guarantees, substitution

8.
Downloads 481 (103,041)
Citation 17

Bank Exposures and Sovereign Stress Transmission

Review of Finance
Number of pages: 54 Posted: 06 Aug 2015 Last Revised: 13 Aug 2017
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and University of Naples Federico II - Department of Economics and Statistics
Downloads 263 (198,898)
Citation 3

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sovereign exposures, sovereign risk, bank lending, credit risk, euro, crisis

Bank Exposures and Sovereign Stress Transmission

CFS Working Paper, No. 539
Number of pages: 64 Posted: 08 Oct 2016 Last Revised: 02 Apr 2018
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and University of Naples Federico II - Department of Economics and Statistics
Downloads 122 (391,950)
Citation 11

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overeign exposures, sovereign risk, bank lending, credit risk, euro, crisis

Bank Exposures and Sovereign Stress Transmission

ECB Working Paper No. 1969
Number of pages: 66 Posted: 19 Oct 2016
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and University of Naples Federico II - Department of Economics and Statistics
Downloads 96 (466,226)
Citation 5

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sovereign exposures, sovereign risk, credit risk, diabolic loop, euro debt crisis

The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions

ECB Working Paper No. 20202465
Number of pages: 56 Posted: 11 Sep 2020
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 409 (123,444)
Citation 26

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bank lending, COVID-19 crisis, monetary policy, prudential policy

The Great Lockdown: Pandemic Response Policies and Bank Lending Conditions

CEPR Discussion Paper No. DP15298
Number of pages: 56 Posted: 22 Sep 2020
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 0
Citation 18
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bank lending, COVID-19 crisis, monetary policy, Prudential policy

10.

Forecasting and Combining Competing Models of Exchange Rate Determination

CESifo Working Paper Series No. 1747
Number of pages: 34 Posted: 14 Jul 2006
Carlo Altavilla, Paul De Grauwe and Paul De Grauwe
European Central Bank (ECB) and London School of Economics & Political Science (LSE)CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Downloads 340 (153,409)

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non-linearity, exchange rate modelling, forecasting

11.

Measuring the Cost of Equity of Euro Area Banks

ECB Occasional Paper No. 2021/254
Number of pages: 57 Posted: 05 Mar 2021
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, European Central Bank (ECB), European Central Bank (ECB), University of Amsterdam, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 329 (158,481)
Citation 13

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12.
Downloads 313 (167,092)
Citation 135

Measuring Euro Area Monetary Policy

CFS Working Paper, No. 624, 2019
Number of pages: 57 Posted: 18 Jun 2019
European Central Bank (ECB), affiliation not provided to SSRN, Bilkent University - Department of Economics, European Central Bank (ECB) and University of Pisa - Department of Economics and Management
Downloads 115 (409,540)
Citation 6

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ECB policy surprise, event-study, intraday, persistence, asymmetry

Measuring Euro Area Monetary Policy

CESifo Working Paper No. 7699
Number of pages: 56 Posted: 10 Jul 2019 Last Revised: 18 Nov 2021
European Central Bank (ECB), affiliation not provided to SSRN, Bilkent University - Department of Economics, European Central Bank (ECB) and University of Pisa - Department of Economics and Management
Downloads 100 (453,580)
Citation 101

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ECB policy surprise, event-study, intraday, persistence, asymmetry

Measuring Euro Area Monetary Policy

ECB Working Paper No. 2281 (2019); ISBN 978-92-899-3543-2
Number of pages: 57 Posted: 20 May 2019
European Central Bank (ECB), affiliation not provided to SSRN, Bilkent University - Department of Economics, European Central Bank (ECB) and University of Pisa - Department of Economics and Management
Downloads 97 (462,972)
Citation 1

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ECB policy surprise, event-study, intraday, persistence, asymmetry

Measuring Euro Area Monetary Policy

CEPR Discussion Paper No. DP13759
Number of pages: 44 Posted: 11 Jun 2019 Last Revised: 04 Oct 2019
European Central Bank (ECB), affiliation not provided to SSRN, Bilkent University - Department of Economics, European Central Bank (ECB) and University of Pisa - Department of Economics and Management
Downloads 1 (1,092,784)
Citation 33
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Asymmetry, ECB policy surprise, Event-Study, intraday, Persistence

13.

Assessing the Efficacy, Efficiency and Potential Side Effects of the ECB's Monetary Policy Instruments Since 2014

ECB Occasional Paper No. 2021/278
Number of pages: 67 Posted: 22 Sep 2021 Last Revised: 16 Apr 2023
European Central Bank (ECB), European Central Bank, European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 303 (172,842)
Citation 11

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monetary policy instruments, standard and non-standard measures

14.

Monetary Policy, Credit Institutions and the Bank Lending Channel in the Euro Area

ECB Occasional Paper No. 222 (2019); ISBN 978-92-899-3687-3
Number of pages: 47 Posted: 07 May 2019
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and European Central Bank (ECB)
Downloads 303 (172,842)
Citation 3

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monetary policy, interest rates, banks, credit

15.

Monetary Policy and Bank Profitability in a Low Interest Rate Environment

ECB Working Paper No. 2105
Number of pages: 52 Posted: 13 Oct 2017
Carlo Altavilla, Miguel Boucinha and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
Downloads 261 (201,329)
Citation 29

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bank profitability, monetary policy, lower bound, quantitative easing, negative rates

16.

Combining Negative Rates, Forward Guidance and Asset Purchases: Identification and Impacts of the ECB's Unconventional Policies

ECB Working Paper No. 2021/2564
Number of pages: 64 Posted: 03 Jun 2021
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank, European Central Bank (ECB) and European Central Bank (ECB)
Downloads 242 (216,898)
Citation 12

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The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area

ECB Occasional Paper No. 2021272
Number of pages: 142 Posted: 23 Sep 2021 Last Revised: 18 Nov 2021
ECB -DG Monetary Policy, Banque de France, European Central Bank (ECB), De Nederlandsche Bank, European Central Bank (ECB), Deutsche Bundesbank - Economics Department, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank, Bank of Slovenia, Leibniz Institute for Financial Research SAFE, Banco de España, Banque de France - Centre de Recherche, Bank of Italy, Banco de España, Deutsche Bundesbank, Central Bank of Malta, Bank of Greece, Bank of Greece, European Central Bank (ECB), Banco de Portugal, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, Bank of Finland, European Central Bank (ECB)CEPR, Bank of Slovenia, National Bank of Belgium, Central Bank of Cyprus, Latvijas Banka, De Nederlandsche Bank, Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank, Bank of Italy, De Nederlandsche Bank - Monetary and Economic Policy Department, European Central Bank (ECB), European Central Bank (ECB), Deutsche Bundesbank, University of Giessen - Department of Economics and Bank of Slovenia
Downloads 129 (375,459)

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financial frictions, Monetary policy, systemic risk

The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area

ECB Occasional Paper No. 2023/272
Number of pages: 142 Posted: 16 May 2023
ECB -DG Monetary Policy, Universitat Pompeu Fabra - Centre de Recerca en Economia Internacional (CREI), Banque de France, European Central Bank (ECB), De Nederlandsche Bank, European Central Bank (ECB), Deutsche Bundesbank - Economics Department, European Central Bank (ECB), European Central Bank (ECB), Research Centre, European Central Bank (ECB), Bank of Portugal, European Central Bank (ECB), European Central Bank (ECB), Banque de France, European Central Bank (ECB), European Central Bank, Bank of Slovenia, Banque de FranceMassachusetts Institute of Technology (MIT) - Sloan School of Management, Deutsche Bundesbank - Economic Research Centre, Leibniz Institute for Financial Research SAFE, Banco de España, Banque de France - Centre de Recherche, Bank of Italy, Banco de España, Deutsche Bundesbank - Economic Research Centre, Suomen Pankki – Finlands Bank, Central Bank of Malta, Bank of Greece, Bank of Greece, European Central Bank (ECB), Banca d’Italia, Bank of Portugal, Oesterreichische Nationalbank (OeNB), European Central Bank (ECB), European Central Bank (ECB), Banco de España, European Central Bank (ECB), Central Bank of Ireland, European Central Bank (ECB), Deutsche Bundesbank - Economic Research Centre, Suomen Pankki – Finlands Bank, European Central Bank (ECB), European Central Bank (ECB)CEPR, Deutsche Bundesbank - Economic Research Centre, Banka Slovenije, Banque Nationale de Belgique, Central Bank of Cyprus, European Central Bank (ECB), Latvijas Banka, De Nederlandsche Bank, Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank - Economic Research Centre, Banca d’Italia, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Oesterreichische Nationalbank (OeNB), Deutsche Bundesbank - Economic Research Centre, Deutsche Bundesbank - Economic Research Centre and Národná banka Slovenska
Downloads 84 (508,070)

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financial frictions, Monetary policy, systemic risk

18.

Is There a Deflationary Bias in European Economic Policies?

Number of pages: 34 Posted: 18 Dec 2001
Carlo Altavilla and Ugo Marani
European Central Bank (ECB) and CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF)
Downloads 209 (249,308)

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Monetary and Fiscal Strategy, ECB, EMU

19.

Evaluating the Effects of Working Hours on Employment and Wages

University of Naples Parthenope Economics Working Paper No. 11-04
Number of pages: 27 Posted: 06 Dec 2004
Carlo Altavilla, Antonio Garofalo and Concetto Paolo Vinci
European Central Bank (ECB), CSEF - University of Naples Federico II and CSEF - University of Naples Federico II
Downloads 189 (273,014)

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Work-Sharing, VECM

Central Bank Liquidity Reallocation and Bank Lending: Evidence from the Tiering System

Swedish House of Finance Research Paper, Forthcoming No. 22-17
Number of pages: 52 Posted: 06 Jun 2022 Last Revised: 31 Aug 2023
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 188 (273,933)

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money market; excess reserves; bank lending; negative interest rate policy

Money Markets and Bank Lending: Evidence from the Tiering Adoption

CEPR Discussion Paper No. DP17337
Number of pages: 55 Posted: 23 Jun 2022
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 0
Citation 1
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bank lending, money market, Negative interest rate policy

21.

Interbank Rate Uncertainty and Bank Lending

Number of pages: 33 Posted: 23 Aug 2019
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and University of Chicago - Department of Economics
Downloads 188 (274,301)
Citation 2

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bank lending, interbank market, uncertainty

Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers

ECB Working Paper No. 20202504
Number of pages: 61 Posted: 16 Dec 2020
Carlo Altavilla, Luc Laeven and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Catalan Institution of Research and Advanced Studies (ICREA)
Downloads 187 (275,213)
Citation 6

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Monetary and Macroprudential Policy Complementarities: Evidence from European Credit Registers

CEPR Discussion Paper No. DP15539
Number of pages: 61 Posted: 23 Dec 2020
Carlo Altavilla, Luc Laeven and José-Luis Peydró
European Central Bank (ECB), European Central Bank (ECB) and Imperial College London
Downloads 0
Citation 6
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Climate Risk, Bank Lending and Monetary Policy

European Corporate Governance Institute – Finance Working Paper No. 936/2023
Number of pages: 41 Posted: 27 Oct 2023 Last Revised: 30 Oct 2023
Carlo Altavilla, Miguel Boucinha, Marco Pagano and Andrea Polo
European Central Bank (ECB), European Central Bank (ECB), CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Luiss Guido Carli University - Department of Economics and Finance
Downloads 108 (429,018)

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climate risk, carbon emissions, interest rate, lending, monetary policy

Climate Risk, Bank Lending and Monetary Policy

Number of pages: 35 Posted: 03 Nov 2023
Carlo Altavilla, Miguel Boucinha, Marco Pagano and Andrea Polo
European Central Bank (ECB), European Central Bank (ECB), CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and Luiss Guido Carli University - Department of Economics and Finance
Downloads 66 (584,862)

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climate risk, carbon emissions, interest rate, lending, monetary policy

24.

Inflation Forecasts, Monetary Policy and Unemployment Dynamics: Evidence from the Us and the Euro Area

ECB Working Paper No. 725
Number of pages: 39 Posted: 09 Feb 2007
Matteo Ciccarelli and Carlo Altavilla
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 174 (293,509)
Citation 1

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Inflation Forecasts, Unemployment, Model Uncertainty.

25.

Non-Linearities in the Relation between the Exchange Rate and its Fundamentals

CESifo Working Paper Series No. 1561
Number of pages: 39 Posted: 07 Nov 2005
Carlo Altavilla, Paul De Grauwe and Paul De Grauwe
European Central Bank (ECB) and London School of Economics & Political Science (LSE)CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Downloads 173 (295,054)
Citation 1

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non-linearity, Markov-switching model, fundamentals

26.

Supply or Demand: What Drives Fluctuations in the Bank Loan Market?

ECB Working Paper No. 2022/2646
Number of pages: 46 Posted: 18 Feb 2022
Carlo Altavilla, Miguel Boucinha and Paul Bouscasse
European Central Bank (ECB), European Central Bank (ECB) and Columbia University
Downloads 162 (311,976)

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credit demand, credit supply

27.

Mending the Broken Link: Heterogeneous Bank Lending and Monetary Policy Pass-Through

ECB Working Paper No. 1978
Number of pages: 54 Posted: 03 Feb 2017
Carlo Altavilla, Fabio Canova and Matteo Ciccarelli
European Central Bank (ECB), BI Norwegian Business School and European Central Bank (ECB)
Downloads 133 (365,662)
Citation 17

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monetary policy pass-through, bank balance sheet characteristics

The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty - Evidence from the US and the Euro Area

CESifo Working Paper Series No. 2575
Number of pages: 44 Posted: 11 Mar 2009
Carlo Altavilla and Matteo Ciccarelli
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 82 (515,633)

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monetary policy, model uncertainty, Bayesian model averaging, unemployment gap, Taylor rule

The Effects of Monetary Policy on Unemployment Dynamics Under Model Uncertainty: Evidence from the US and the Euro Area

ECB Working Paper No. 1089
Number of pages: 48 Posted: 09 Oct 2009
Carlo Altavilla and Matteo Ciccarelli
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 50 (671,567)

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monetary policy, model uncertainty, Bayesian model averaging, unemployment gap, Taylor rule

29.

Low Frequency Effects of Macroeconomic News on Government Bond Yields

FEDS Working Paper No. 2014-52
Number of pages: 37 Posted: 10 Aug 2014
Carlo Altavilla, Domenico Giannone and Michele Modugno
European Central Bank (ECB), Centre for Economic Policy Research (CEPR) and Board of Governors of the Federal Reserve System
Downloads 131 (369,940)
Citation 8

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Macroeconomic announcements, treasury bond yields

30.

Money Markets and Bank Lending: Evidence from the Adoption of Tiering

ECB Working Paper No. 2022/2649
Number of pages: 51 Posted: 26 Feb 2022
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Stockholm School of Economics and European Central Bank (ECB)
Downloads 110 (420,940)

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bank lending, Money market, negative interest rate policy

31.

Information and Learning in Bertrand and Cournot Experimental Duopolies

University of Siena Economics Working Paper No. 406
Number of pages: 39 Posted: 20 Jan 2004
Carlo Altavilla, Luigi Luini and Patrizia Sbriglia
European Central Bank (ECB), University of Siena - Department of Economics and University of Naples Federico II
Downloads 106 (432,211)

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Cournot and Bertrand Experiments, learning

32.

Credit Supply and Demand in Unconventional Times

ECB Working Paper No. 2202
Number of pages: 37 Posted: 21 Nov 2018
European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB) and University of Zurich - Department of Banking and Finance
Downloads 99 (453,386)
Citation 15

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credit demand and supply, bank lending survey, balance sheet strength, non-standard monetary policy

33.
Downloads 94 (469,015)
Citation 6

Anchoring the Yield Curve Using Survey Expectations

ECB Working Paper No. 1632
Number of pages: 31 Posted: 11 Feb 2014
Carlo Altavilla, Raffaella Giacomini and Giuseppe Ragusa
European Central Bank (ECB), University College London - Department of Economics and University of Pisa - Department of Economics and Management
Downloads 94 (472,786)

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term structure models; exponential tilting; blue chip analysts survey; forecast performance; monetary policy forward guidance; macroeconomic factors

Anchoring the Yield Curve Using Survey Expectations

CEPR Discussion Paper No. DP9738
Posted: 19 Nov 2013
Carlo Altavilla, Raffaella Giacomini and Giuseppe Ragusa
European Central Bank (ECB), University College London - Department of Economics and University of Pisa - Department of Economics and Management
Downloads 0
Citation 3
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blue chip analysts survey, exponential tilting, forecast performance, macroeconomic factors, monetary policy forward guidance, term structure models

34.

The Effectiveness of Nonstandard Monetary Policy Measures: Evidence from Survey Data

FRB of NY Staff Report No. 752
Number of pages: 23 Posted: 10 Dec 2015 Last Revised: 30 Aug 2017
Domenico Giannone and Carlo Altavilla
Centre for Economic Policy Research (CEPR) and European Central Bank (ECB)
Downloads 92 (475,565)
Citation 6

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Survey of Professional Forecasters, large-scale asset purchases, quantitative easing, Operation Twist, forward guidance, tapering

35.

Information Combination and Forecast (St)Ability Evidence from Vintages of Time-Series Data

ECB Working Paper No. 846
Number of pages: 73 Posted: 21 Dec 2007
Matteo Ciccarelli and Carlo Altavilla
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 85 (499,463)

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Real-time data, Forecast Combination, Data and Model Uncertainty

The Effectiveness of Non-Standard Monetary Policy Measures: Evidence from Survey Data

ECB Working Paper No. 1951
Number of pages: 25 Posted: 30 Aug 2016
Carlo Altavilla and Domenico Giannone
European Central Bank (ECB) and Centre for Economic Policy Research (CEPR)
Downloads 71 (561,621)
Citation 2

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survey of professional forecasters, large scale asset purchases, quantitative easing, operation twist, forward guidance, tapering

The Effectiveness of Non-Standard Monetary Policy Measures: Evidence from Survey Data

CEPR Discussion Paper No. DP10001
Number of pages: 28 Posted: 25 Sep 2014
Carlo Altavilla and Domenico Giannone
European Central Bank (ECB) and Centre for Economic Policy Research (CEPR)
Downloads 0
Citation 12
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Forward Guidance, Large Scale Asset Purchases, Operation Twist, Quantitative Easing, Survey of Professional Forecasters, Tapering

37.

Monetary Policy Analysis in Real-Time: Vintage Combination from a Real-Time Dataset

CESifo Working Paper Series No. 3372
Number of pages: 39 Posted: 19 Mar 2011
Carlo Altavilla and Matteo Ciccarelli
European Central Bank (ECB) and European Central Bank (ECB)
Downloads 66 (576,202)
Citation 1

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monetary policy, Taylor rule, real-time data, great moderation, forecasting

38.

Unintended Effects of National-Based Active Labour Market Policies

IZA Discussion Paper No. 4045
Number of pages: 32 Posted: 08 Mar 2009
Carlo Altavilla and Floro E. Caroleo
European Central Bank (ECB) and CSEF - University of Naples Federico II
Downloads 59 (609,463)

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Active Labour Market Policies, FAVAR

39.

Bank Bond Holdings and Bail-In Regulatory Changes: Evidence from Euro Area Security Registers

ECB Working Paper No. 2022/2758
Number of pages: 44 Posted: 20 Dec 2022
European Central Bank (ECB), International Monetary Fund (IMF), University of Zurich and KU Leuven, Department Accounting, Finance and Insurance
Downloads 40 (720,379)

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bail-inable debt, bank bonds, MREL, regulatory changes, TLAC

40.
Downloads 19 (890,758)
Citation 88

Bank Exposures and Sovereign Stress Transmission

ESRB: Working Paper Series No. 2016/11
Number of pages: 65 Posted: 05 Nov 2020
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and University of Naples Federico II - Department of Economics and Statistics
Downloads 18 (930,611)

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sovereign exposures, sovereign risk, credit risk, diabolic loop, lending, euro debt crisis

Bank Exposures and Sovereign Stress Transmission

CEPR Discussion Paper No. DP11269
Number of pages: 58 Posted: 16 May 2016
Carlo Altavilla, Marco Pagano and Saverio Simonelli
European Central Bank (ECB), CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF) and University of Naples Federico II - Department of Economics and Statistics
Downloads 1 (1,092,784)
Citation 49
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credit risk, diabolic loop, euro debt crisis., lending, sovereign exposures, sovereign risk

41.

Mending the Broken Link: Heterogeneous Bank Lending and Monetary Policy Pass-Through

CEPR Discussion Paper No. DP11584
Number of pages: 54 Posted: 24 Oct 2016
Carlo Altavilla, Fabio Canova and Matteo Ciccarelli
European Central Bank (ECB), BI Norwegian Business School and European Central Bank (ECB)
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European Banks, Heterogeneity, Monetary pass-through, VARs

42.

The Financial and Macroeconomic Effects of OMT Announcements

CEPR Discussion Paper No. DP10025
Number of pages: 26 Posted: 25 Sep 2014
Carlo Altavilla, Domenico Giannone and Michele Lenza
European Central Bank (ECB), Centre for Economic Policy Research (CEPR) and European Central Bank (ECB)
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event study, multi-country vector autoregressive model, news, Outright Monetary Transactions

43.

Non-Linear Dynamics of Real Wages Over the Business Cycle

Journal of Applied Economics, Vol. 14, No. 1, p. 8199, May 2011
Posted: 21 Jun 2011
Carlo Altavilla and Concetto Paolo Vinci
European Central Bank (ECB) and CSEF - University of Naples Federico II

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business cycle, real wage dynamics