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Monetary policy and stock market boom-bust cycles
Christiano, Lawrence J.; Ilut, Cosmin; Motto, Roberto - 2008
We explore the dynamic effects of news about a future technology improvement which turns out ex post to be overoptimistic. We find that it is difficult to generate a boom-bust cycle (a period in which stock prices, consumption, investment and employment all rise and then crash) in response to...
Persistent link: https://www.econbiz.de/10003803289
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A tale of two decades : the ECB's monetary policy at 20
Rostagno, Massimo; Altavilla, Carlo; Carboni, Giacomo; … - 2019
, but offered a softer defence in the face of the disinflationary forces that hit the euro area in its aftermath. The …
Persistent link: https://www.econbiz.de/10012135959
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Asymmetric monetary policy rules for the euro area and the US
Maih, Junior; Mazelis, Falk; Motto, Roberto; … - 2021
We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro …
Persistent link: https://www.econbiz.de/10012617047
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Measuring euro area monetary policy
Altavilla, Carlo; Brugnolini, Luca; Gürkaynak, Refet S.; … - 2019
speeches. To carry out the analysis, we construct the Euro Area Monetary Policy Event-Study Database (EA-MPD). This database …, is a contribution on its own right and we expect it to be the standard in monetary policy research for the euro area. …
Persistent link: https://www.econbiz.de/10012009157