Effects of Euro area monetary policy on institutional sectors : the case of Portugal
| Main Author: | |
|---|---|
| Publication Date: | 2017 |
| Other Authors: | |
| Format: | Article |
| Language: | eng |
| Source: | Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) |
| Download full: | http://hdl.handle.net/10400.5/13985 |
Summary: | 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 |
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Effects of Euro area monetary policy on institutional sectors : the case of PortugalMonetary PolicyEuro AreaPortugalNon-Conventional InstrumentsInstitutional SectorsFinancial IntegrationWe 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 householdsISEG - Departamento de EconomiaRepositório da Universidade de LisboaAfonso, AntónioSilva, Jorge2017-08-07T14:57:16Z20172017-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/13985engAfonso, António e Jorge Silva .2017. "Effects of Euro area monetary policy on institutional sectors : the case of Portugal". Instituto Superior de Economia e Gestão. DE Working papers nº 15-2017/DE/UECE2183-1815info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:24:31Zoai:repositorio.ulisboa.pt:10400.5/13985Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:13:25.964890Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse |
| dc.title.none.fl_str_mv |
Effects of Euro area monetary policy on institutional sectors : the case of Portugal |
| title |
Effects of Euro area monetary policy on institutional sectors : the case of Portugal |
| spellingShingle |
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 |
| title_short |
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 |
| title_full_unstemmed |
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 |
| author |
Afonso, António |
| author_facet |
Afonso, António Silva, Jorge |
| author_role |
author |
| author2 |
Silva, Jorge |
| author2_role |
author |
| dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
| dc.contributor.author.fl_str_mv |
Afonso, António Silva, Jorge |
| dc.subject.por.fl_str_mv |
Monetary Policy Euro Area Portugal Non-Conventional Instruments Institutional Sectors Financial Integration |
| topic |
Monetary Policy Euro Area Portugal Non-Conventional Instruments Institutional Sectors Financial Integration |
| 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 |
| publishDate |
2017 |
| dc.date.none.fl_str_mv |
2017-08-07T14:57:16Z 2017 2017-01-01T00:00:00Z |
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info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/article |
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article |
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publishedVersion |
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http://hdl.handle.net/10400.5/13985 |
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http://hdl.handle.net/10400.5/13985 |
| dc.language.iso.fl_str_mv |
eng |
| language |
eng |
| dc.relation.none.fl_str_mv |
Afonso, António e Jorge Silva .2017. "Effects of Euro area monetary policy on institutional sectors : the case of Portugal". Instituto Superior de Economia e Gestão. DE Working papers nº 15-2017/DE/UECE 2183-1815 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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ISEG - Departamento de Economia |
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ISEG - Departamento de Economia |
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