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

Bibliographic Details
Main Author: Afonso, António
Publication Date: 2017
Other Authors: Silva, Jorge
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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spelling 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
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/13985
url 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
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - Departamento de Economia
publisher.none.fl_str_mv ISEG - Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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