Effects of euro area monetary policy on institutional sectors: the case of Portugal
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/25512 |
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 public debt to GDP ratio, external funding to the Portuguese other monetary financial institutions, 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 IntegrationPolítica monetariaPortugalInstrumentos no convencionalesSectores institucionales;Integración financieraWe 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 public debt to GDP ratio, external funding to the Portuguese other monetary financial institutions, and new loans to households.Estudiamos los efectos de la política monetaria de la zona del euro en los sectores institucionales en Portugal durante el período 2000:4 2015:4. Nuestros resultados muestran que la política monetaria única afectó a unas variables que son sustitutos de la financiación de cada sector institucional de la economía: las administraciones públicas, otras instituciones financieras monetarias, las sociedades no financieras, los hogares y el sector externo. El período de aplicación del programa de ajuste económico y financiero influyó en todos los sectores institucionales y la integración financiera en la zona del euro tuvo repercusiones en la financiación de la economía: reducción del ratio de deuda pública a largo plazo, reducción de la financiación externa a las otras instituciones financieras monetarias portuguesas, y la reducción de nuevos préstamos a los hogares.Facultad de Ciencias Económicas - Escuela de Economía. Bogotá, ColombiaRepositório da Universidade de LisboaAfonso, AntónioSilva, Jorge2022-09-16T08:42:25Z20192019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/25512engAfonso, António, and Jorge Silva. (2017). "Effects of euro area monetary policy on institutional sectors: the case of Portugal" . Cuadernos de Economía, Vol. 42: pp. 219-23610.32826/cude.v42i120.81info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:55:04Zoai:www.repository.utl.pt:10400.5/25512Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:09:22.059207Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
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 Política monetaria Portugal Instrumentos no convencionales Sectores institucionales; Integración financiera |
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 Política monetaria Portugal Instrumentos no convencionales Sectores institucionales; Integración financiera |
topic |
Monetary Policy Euro Area Portugal Non-Conventional Instruments Institutional Sectors Financial Integration Política monetaria Portugal Instrumentos no convencionales Sectores institucionales; Integración financiera |
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 public debt to GDP ratio, external funding to the Portuguese other monetary financial institutions, and new loans to households. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019 2019-01-01T00:00:00Z 2022-09-16T08:42:25Z |
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/10400.5/25512 |
url |
http://hdl.handle.net/10400.5/25512 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Afonso, António, and Jorge Silva. (2017). "Effects of euro area monetary policy on institutional sectors: the case of Portugal" . Cuadernos de Economía, Vol. 42: pp. 219-236 10.32826/cude.v42i120.81 |
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 |
Facultad de Ciencias Económicas - Escuela de Economía. Bogotá, Colombia |
publisher.none.fl_str_mv |
Facultad de Ciencias Económicas - Escuela de Economía. Bogotá, Colombia |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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