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Remittance flows and U.S. monetary policy
Machasio, Immaculate; Tillmann, Peter - 2021 - This version: October 27, 2021
Remittance inflows are driven by macroeconomic conditions in the home and the host economies, respectively. In this paper, we study the effect of U.S. monetary policy on remittance flows into economies in Latin American and the Caribbean. The role of Fed policy for remittances has not yet been...
Persistent link: https://www.econbiz.de/10012694427
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Strategic forecasting on the FOMC
Tillmann, Peter - 2010
deciding about interest rate policy, members individually formulate regular inflation forecasts. This paper uncovers systematic … differences in individual inflation forecasts submitted by voting and non-voting members. Based on a data set with individual … forecasts recently made available it is shown that non-voters systematically overpredict inflation relative to the consensus …
Persistent link: https://www.econbiz.de/10003962970
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The Fed's perceived Phillips curve : vidence from individual FOMC forecasts
Tillmann, Peter - 2009
on individual forecasts for unemployment and inflation submitted by each individual FOMC member, which was recently made … policymakers were aware of these changes in real-time. -- inflation forecast ; NAIRU ; Phillips curve ; monetary policy ; Federal …
Persistent link: https://www.econbiz.de/10003908176
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Regime-dependent effects of monetary policy shocks : evidence from threshold vector autoregressions
Mandler, Martin - 2010
autoregressive model. In a high inflation regime the standard results from the literature obtain. In a low inflation regime output … shows no significant response to monetary policy while the inflation response is negative. The paper endogenously determines …
Persistent link: https://www.econbiz.de/10003950519
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Horizontal multinational firms, vertical multinational firms and domestic investment
Namini, Julian Emami; Pennings, Enrico - 2009
Persistent link: https://www.econbiz.de/10003813742
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The limiting distribution of production in integrated economies : evidence from US states and EU countries
Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - 2006
We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share of total output will equal its shares of total stocks of productive factors (i.e., physical and human capital). We label this result the equal-share relationship. This...
Persistent link: https://www.econbiz.de/10011343242
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The limiting distribution of production in integrated economies : evidence from US states and EU countries
Bowen, Harry P.; Munandar, Haris; Viaene, Jean-Marie - 2005
Persistent link: https://www.econbiz.de/10002851621
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Unobserved components with stochastic volatility in U.S. inflation : estimation and signal extraction
Li, Mengheng; Koopman, Siem Jan - 2018
applied to quarterly and monthly US inflation in an empirical study. We find that the persistence of quarterly inflation has … and density forecasts for monthly US inflation. …
Persistent link: https://www.econbiz.de/10011809984
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Central banks' predictability : an assessment by financial market participants
Hayo, Bernd; Neuenkirch, Matthias - 2016 - This version: 6 April 2016
In this paper, we examine the relationship between market participants' perception of central bank predictability and their assessment of central bank communication skills and success in conveying objectives as well as the importance of transparencyenhancing measures, such as voting records,...
Persistent link: https://www.econbiz.de/10011447633
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What are the effects of monetary policy shocks? : evidence from dollarized countries
Willems, Tim - 2010
Traditional ways of analyzing the effects of monetary policy shocks via structural vector autoregressions require the use of unrealistic identifying assumptions: they either do not allow for a response of output and prices on impact of the shock, or they exclude contemporaneous values of these...
Persistent link: https://www.econbiz.de/10011382001