{"id":"https://openalex.org/W2796751609","doi":"https://doi.org/10.1080/00036846.2018.1458199","title":"Effects of asset purchases and financial stability measures on term premia in the euro area","display_name":"Effects of asset purchases and financial stability measures on term premia in the euro area","publication_year":2018,"publication_date":"2018-04-10","ids":{"openalex":"https://openalex.org/W2796751609","doi":"https://doi.org/10.1080/00036846.2018.1458199","mag":"2796751609"},"language":"en","primary_location":{"id":"doi:10.1080/00036846.2018.1458199","doi":"https://doi.org/10.1080/00036846.2018.1458199","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036846.2018.1458199","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5079747425","display_name":"Richhild Moessner","orcid":"https://orcid.org/0000-0002-0836-9246","observed_orcids":["https://orcid.org/0000-0002-0836-9246"]},"institutions":[{"id":"https://openalex.org/I52989892","display_name":"Bank for International Settlements","ror":"https://ror.org/00d062t77","country_code":"CH","type":"other","lineage":["https://openalex.org/I52989892"]},{"id":"https://openalex.org/I6932186","display_name":"National Institute of Economic and Social Research","ror":"https://ror.org/048m81442","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I6932186"]}],"countries":["CH","GB"],"is_corresponding":true,"raw_author_name":"Richhild Moessner","raw_affiliation_strings":["Monetary & Economic Department, Bank for International Settlements, Basel, Switzerland","National Institute of Economic and Social Research, London, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Monetary & Economic Department, Bank for International Settlements, Basel, Switzerland","institution_ids":["https://openalex.org/I52989892"]},{"raw_affiliation_string":"National Institute of Economic and Social Research, London, UK","institution_ids":["https://openalex.org/I6932186"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5079747425"],"corresponding_institution_ids":["https://openalex.org/I52989892","https://openalex.org/I6932186"],"apc_list":null,"apc_paid":null,"fwci":2.646,"has_fulltext":false,"cited_by_count":19,"citation_normalized_percentile":{"value":0.90224695,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"50","issue":"43","first_page":"4617","last_page":"4631"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.5907999873161316,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T14166","display_name":"European Monetary and Fiscal Policies","score":0.5907999873161316,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.2678000032901764,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.043699998408555984,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/asset-purchases","display_name":"asset purchases","score":0.8069999814033508},{"id":"https://openalex.org/keywords/term-premia","display_name":"term premia","score":0.9490000009536743},{"id":"https://openalex.org/keywords/10-year-government-bonds","display_name":"10-year government bonds","score":0.828000009059906},{"id":"https://openalex.org/keywords/sovereign-risk","display_name":"sovereign risk","score":0.7630000114440918},{"id":"https://openalex.org/keywords/sovereign-cds-spreads","display_name":"sovereign CDS spreads","score":0.9480000138282776},{"id":"https://openalex.org/keywords/european-central-bank","display_name":"European Central Bank","score":0.36000001430511475},{"id":"https://openalex.org/keywords/2008-financial-crisis","display_name":"2008 financial crisis","score":0.6919999718666077},{"id":"https://openalex.org/keywords/eurozone-crisis","display_name":"eurozone crisis","score":0.984000027179718},{"id":"https://openalex.org/keywords/monetary-policy-announcements","display_name":"monetary policy announcements","score":0.6179999709129333},{"id":"https://openalex.org/keywords/euro-area","display_name":"euro area","score":0.6890000104904175}],"concepts":[{"id":"https://openalex.org/C151541453","wikidata":"https://www.wikidata.org/wiki/Q523022","display_name":"Risk premium","level":2,"score":0.6608245968818665},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5987514853477478},{"id":"https://openalex.org/C2780389337","wikidata":"https://www.wikidata.org/wiki/Q2324820","display_name":"Government bond","level":3,"score":0.5712023377418518},{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.5501164793968201},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5471776723861694},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5297825336456299},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.5107123851776123},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.46199870109558105},{"id":"https://openalex.org/C61797465","wikidata":"https://www.wikidata.org/wiki/Q1188986","display_name":"Term (time)","level":2,"score":0.4255942702293396},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2771610617637634},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.12360647320747375},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1080/00036846.2018.1458199","doi":"https://doi.org/10.1080/00036846.2018.1458199","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036846.2018.1458199","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:nsr:niesrd:489","doi":null,"is_oa":false,"landing_page_url":"https://www.niesr.ac.uk/wp-content/uploads/2021/10/DP489_0-4.pdf","pdf_url":"https://www.niesr.ac.uk/wp-content/uploads/2021/10/DP489_0-4.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"mag:3125344921","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:nsr:niesrd:489","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:oai:RePEc:bis:biswps:721","doi":null,"is_oa":false,"landing_page_url":"https://www.bis.org/publ/work721.htm","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:taf:applec:v:50:y:2018:i:43:p:4617-4631","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/00036846.2018.1458199","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W634819117","https://openalex.org/W1504714231","https://openalex.org/W1555570415","https://openalex.org/W1583793039","https://openalex.org/W1969640601","https://openalex.org/W2023157596","https://openalex.org/W2098317876","https://openalex.org/W2103976103","https://openalex.org/W2123014714","https://openalex.org/W2152475418","https://openalex.org/W2209139401","https://openalex.org/W2239143141","https://openalex.org/W2288508407","https://openalex.org/W2295224146","https://openalex.org/W2309084030","https://openalex.org/W2518957158","https://openalex.org/W2606608469","https://openalex.org/W2741749626","https://openalex.org/W2752013419","https://openalex.org/W2977123588","https://openalex.org/W3017257893","https://openalex.org/W3019687463","https://openalex.org/W3121335163","https://openalex.org/W3121535985","https://openalex.org/W3121886650","https://openalex.org/W3121980544","https://openalex.org/W3122919549","https://openalex.org/W3123202749","https://openalex.org/W3123401787","https://openalex.org/W3124014984","https://openalex.org/W3125873164","https://openalex.org/W4242307880","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W3145938845","https://openalex.org/W7112472718","https://openalex.org/W7223193157","https://openalex.org/W54534525","https://openalex.org/W7008705834","https://openalex.org/W4320731807","https://openalex.org/W4383270251","https://openalex.org/W3124031613","https://openalex.org/W1827249776","https://openalex.org/W1520041828"],"abstract_inverted_index":{"We":[0,46],"study":[1],"the":[2,5,17,21,24,29,49,71,103],"effects":[3],"of":[4,7,12,23,52,73,82],"announcements":[6,72],"ECB":[8],"asset":[9,74],"purchases":[10,75],"and":[11,28,76,105],"financial":[13,26,77],"stability":[14,78],"measures":[15],"in":[16,20,41,68,91,102],"euro":[18,30,43,53],"area":[19,31,44,54],"wake":[22],"global":[25],"crisis":[27,34],"sovereign":[32,58,63,86],"debt":[33],"on":[35],"10-year":[36],"government":[37],"bond":[38],"term":[39,50],"premia":[40,51,81],"11":[42],"countries.":[45],"find":[47],"that":[48],"countries":[55,83],"with":[56,84],"higher":[57],"risk,":[59],"as":[60,90,101],"measured":[61],"by":[62],"CDS":[64],"spreads,":[65],"decreased":[66],"more":[67],"response":[69],"to":[70],"measures.":[79],"Term":[80],"lowest":[85],"risk":[87],"either":[88],"increased":[89],"Germany,":[92],"or":[93,98],"were":[94],"not":[95],"significantly":[96],"affected":[97],"fell":[99],"slightly,":[100],"Netherlands":[104],"Finland.":[106]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2018-04-24T00:00:00"}