Assessing the European Central Bank's unconventional measures: A recursive VAR approach
Unconventional monetary measures utilization has proven to be of great importance in maintaining monetary and economic stability after the Great Recession. However, we aim to test this conclusion through the impact of the quantitative easing implemented by the European Central Bank. Observed through generated shocks in the balance sheet of the Euro...
By FILIP PEOVSKI, GJORGJI GOCKOV