WorldCat Identities

Other, Lars 1988-

Works: 3 works in 5 publications in 1 language and 11 library holdings
Roles: Author, Other
Publication Timeline
Most widely held works by Lars Other
Monetary policy in an imperfect information environment by Lars Other( Book )

1 edition published in 2021 in English and held by 6 WorldCat member libraries worldwide

The Short-Run Effect of Monetary Policy Shocks on Credit Risk An Analysis of the Euro Area by Chi Kim( )

2 editions published in 2019 in English and held by 3 WorldCat member libraries worldwide

We examine the credit channel of monetary policy from 2000 to 2015 in the Euro Area using daily monetary policy shock and credit risk measures in an autoregressive distributed lag model. We find that an expansionary monetary policy shock leads to a short-run increase in the credit risk of non-financial corporations. This dysfunctionality of the credit channel is driven by the crisis-dominated post-2009 period. During this period, market participants may have interpreted expansionary monetary policy shocks as a signal of worsening economic prospects. We further distinguish policy shocks aiming at short- and long-run expectations of market participants, i.e. target and path shocks. The adverse effect disappears for crisis countries when the European Central Bank targets long-run rather than short-run expectations
A potential sudden stop of energy imports from Russia effects on energy security and economic output in Germany and the EU by Eva M Berger( )

2 editions published in 2022 in English and held by 2 WorldCat member libraries worldwide

The Russian war of aggression against Ukraine since 24 February 2022 has intensified the discussion of Europe's reliance on energy imports from Russia. A ban on Russian imports of oil, natural gas and coal has already been imposed by the United States, while the United Kingdom plans to cease imports of oil and coal from Russia by the end of 2022. The German Federal Government is currently opposing an energy embargo against Russia. However, the Federal Ministry for Economic Affairs and Climate Action is working on a strategy to reduce energy imports from Russia. In this paper, the authors give an overview of the German and European reliance on energy imports from Russia with a focus on gas imports and discuss price effects, alternative suppliers of natural gas, and the potential for saving and replacing natural gas. They also provide an overview of estimates of the consequences on the economic outlook if the conflict intensifies
Audience Level
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Alternative Names
Other, L. 1988-