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Effects of Euro area monetary policy on institutional sectors : the case of Portugal

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Resumo:We study the effects of the euro area monetary policy on the institutional sectors in Portugal during the period 2000:4-2015:4. Our results show that the single monetary policy affected some variables that are proxies for the funding of each institutional sector of the economy: general government, other monetary financial institutions, non-financial corporations, households and the external sector. The period of the economic and financial adjustment programme influenced all institutional sectors, and financial integration in the euro area had an effect on the funding for the economy: there was a reduction of long term-to-GDP ratio, external funding to the Portuguese other MFIs, and new loans to households
Autores principais:Afonso, António
Outros Autores:Silva, Jorge
Assunto:Monetary Policy Euro Area Portugal Non-Conventional Instruments Institutional Sectors Financial Integration
Ano:2017
País:Portugal
Tipo de documento:working paper
Tipo de acesso:acesso aberto
Instituição associada:Universidade de Lisboa
Idioma:inglês
Origem:Repositório da Universidade de Lisboa
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author Afonso, António
author2 Silva, Jorge
author2_role author
author_facet Afonso, António
Afonso, António
Silva, Jorge
Silva, Jorge
author_role author
contributor_name_str_mv Repositório Científico de Acesso Aberto da ULisboa
country_str PT
creators_json_str [{\"Person.name\":\"Afonso, António\"},{\"Person.name\":\"Silva, Jorge\"}]
datacite.contributors.contributor.contributorName.fl_str_mv Repositório Científico de Acesso Aberto da ULisboa
datacite.creators.creator.creatorName.fl_str_mv Afonso, António
Silva, Jorge
datacite.date.Accepted.fl_str_mv 2017-01-01T00:00:00Z
datacite.date.available.fl_str_mv 2017-08-07T14:57:16Z
datacite.date.embargoed.fl_str_mv 2017-08-07T14:57:16Z
datacite.rights.fl_str_mv http://purl.org/coar/access_right/c_abf2
datacite.subjects.subject.fl_str_mv Monetary Policy
Euro Area
Portugal
Non-Conventional Instruments
Institutional Sectors
Financial Integration
datacite.titles.title.fl_str_mv Effects of Euro area monetary policy on institutional sectors : the case of Portugal
dc.contributor.none.fl_str_mv Repositório Científico de Acesso Aberto da ULisboa
dc.creator.none.fl_str_mv Afonso, António
Silva, Jorge
dc.date.Accepted.fl_str_mv 2017-01-01T00:00:00Z
dc.date.available.fl_str_mv 2017-08-07T14:57:16Z
dc.date.embargoed.fl_str_mv 2017-08-07T14:57:16Z
dc.format.none.fl_str_mv application/pdf
dc.identifier.none.fl_str_mv http://hdl.handle.net/10400.5/13985
dc.language.none.fl_str_mv eng
dc.publisher.none.fl_str_mv ISEG - Departamento de Economia
dc.rights.none.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.subject.none.fl_str_mv Monetary Policy
Euro Area
Portugal
Non-Conventional Instruments
Institutional Sectors
Financial Integration
dc.title.fl_str_mv Effects of Euro area monetary policy on institutional sectors : the case of Portugal
dc.type.none.fl_str_mv http://purl.org/coar/resource_type/c_8042
description We study the effects of the euro area monetary policy on the institutional sectors in Portugal during the period 2000:4-2015:4. Our results show that the single monetary policy affected some variables that are proxies for the funding of each institutional sector of the economy: general government, other monetary financial institutions, non-financial corporations, households and the external sector. The period of the economic and financial adjustment programme influenced all institutional sectors, and financial integration in the euro area had an effect on the funding for the economy: there was a reduction of long term-to-GDP ratio, external funding to the Portuguese other MFIs, and new loans to households
dirty 0
eu_rights_str_mv openAccess
format workingPaper
fulltext.url.fl_str_mv https://repositorio.ulisboa.pt/bitstreams/ebdf530b-8230-43eb-8a43-7b9ff46bcd8f/download
id ul_bfd0543cd406be75dd7fbd83a94e8a2f
identifier.url.fl_str_mv http://hdl.handle.net/10400.5/13985
instacron_str ul
institution Universidade de Lisboa
instname_str Universidade de Lisboa
language eng
network_acronym_str ul
network_name_str Repositório da Universidade de Lisboa
oai_identifier_str oai:repositorio.ulisboa.pt:10400.5/13985
organization_str_mv urn:organizationAcronym:ul
person_str_mv Afonso, António
Silva, Jorge
publishDate 2017
publisher.none.fl_str_mv ISEG - Departamento de Economia
reponame_str Repositório da Universidade de Lisboa
repository_id_str urn:repositoryAcronym:ul
service_str_mv urn:repositoryAcronym:ul
spelling engISEG - Departamento de Economiapt_PTWe study the effects of the euro area monetary policy on the institutional sectors in Portugal during the period 2000:4-2015:4. Our results show that the single monetary policy affected some variables that are proxies for the funding of each institutional sector of the economy: general government, other monetary financial institutions, non-financial corporations, households and the external sector. The period of the economic and financial adjustment programme influenced all institutional sectors, and financial integration in the euro area had an effect on the funding for the economy: there was a reduction of long term-to-GDP ratio, external funding to the Portuguese other MFIs, and new loans to householdsapplication/pdfpt_PTEffects of Euro area monetary policy on institutional sectors : the case of PortugalAfonso, AntónioSilva, JorgeHostingInstitutionOrganizationalRepositório Científico de Acesso Aberto da ULisboae-mailmailto:repositorio@reitoria.ulisboa.ptrepositorio@reitoria.ulisboa.ptISSNIsPartOf2183-18152017-08-07T14:57:16Z20172017-01-01T00:00:00ZHandlehttp://hdl.handle.net/10400.5/13985http://purl.org/coar/access_right/c_abf2open accessMonetary PolicyEuro AreaPortugalNon-Conventional InstrumentsInstitutional SectorsFinancial Integration586191 bytesother research producthttp://purl.org/coar/resource_type/c_8042working paperhttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://repositorio.ulisboa.pt/bitstreams/ebdf530b-8230-43eb-8a43-7b9ff46bcd8f/download
spellingShingle Effects of Euro area monetary policy on institutional sectors : the case of Portugal
Effects of Euro area monetary policy on institutional sectors : the case of Portugal
Afonso, António
Monetary Policy
Euro Area
Portugal
Non-Conventional Instruments
Institutional Sectors
Financial Integration
Afonso, António
Monetary Policy
Euro Area
Portugal
Non-Conventional Instruments
Institutional Sectors
Financial Integration
status SINGLETON
subject.fl_str_mv Monetary Policy
Euro Area
Portugal
Non-Conventional Instruments
Institutional Sectors
Financial Integration
title Effects of Euro area monetary policy on institutional sectors : the case of Portugal
title_full Effects of Euro area monetary policy on institutional sectors : the case of Portugal
title_fullStr Effects of Euro area monetary policy on institutional sectors : the case of Portugal
Effects of Euro area monetary policy on institutional sectors : the case of Portugal
title_full_unstemmed Effects of Euro area monetary policy on institutional sectors : the case of Portugal
Effects of Euro area monetary policy on institutional sectors : the case of Portugal
title_short Effects of Euro area monetary policy on institutional sectors : the case of Portugal
title_sort Effects of Euro area monetary policy on institutional sectors : the case of Portugal
topic Monetary Policy
Euro Area
Portugal
Non-Conventional Instruments
Institutional Sectors
Financial Integration
topic_facet Monetary Policy
Euro Area
Portugal
Non-Conventional Instruments
Institutional Sectors
Financial Integration
url http://hdl.handle.net/10400.5/13985
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