Similar Search Results

Curbing shocks to corporate liquidity : the role of trade credit

Amberg, Niklas; Jacobson, Tor; Schedvin, Erik von; … - 2016

Using data on exogenous liquidity losses generated by the fraud and failure of a cash-intransit firm, we demonstrate a causal impact on firms' trade credit usage. We find that firms manage liquidity shortfalls by increasing the amount of drawn credit from suppliers and decreasing the amount...

Persistent link: https://www.econbiz.de/10011471420

When domestic and foreign QE overlap: evidence from Sweden

Di Casola, Paola; Stockhammar, Pär - 2021

We estimate the effects of domestic and foreign quantitative easing (QE) programmes on a small open economy, Sweden … in ation are less clear. The ECB QE had large positive effects on both GDP and in ation in Sweden, also due to the …

Persistent link: https://www.econbiz.de/10012520274

Forward interest rates and inflation expectations : the role of regime shift premia and monetary policy

Dillén, Hans; Hopkins, Elisabeth - 1998

In this paper we argue that there are two major explanations to why Swedish forward interest rates have been high and volatile: (i) Investors' fears that the economy will switch to a high inflation regime give rise to a regime shift premium. (ii) Expectations of monetary policy actions amplify...

Persistent link: https://www.econbiz.de/10010128042

Structural and cyclical forces in the labor market during the great recession : cross-country evidence

Sala, Luca; Söderström, Ulf; Trigari, Antonella - 2012

price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and … factors were also important in the U.K., but less so in Sweden and Germany. Reduced matching efficiency was considerably less … important in the U.K. and Sweden than in the U.S., but matching efficiency improved in Germany, helping to keep unemployment low …

Persistent link: https://www.econbiz.de/10009632676

The interaction between fiscal and monetary policies : evidence from Sweden

Ankargren, Sebastian; Shahnazarian, Hovick - 2019 - (Updated april 2019)

This paper estimates the interaction between monetary- and fiscal policy using a structural VAR model with time-varying parameters. For demand and supply shocks, the two policies are estimated to be complementary, while for monetary and fiscal policies shocks the two policies act as substitutes....

Persistent link: https://www.econbiz.de/10011990029

Conditional exchange rate pass-through : evidence from Sweden

Corbo, Vesna; Di Casola, Paola - 2018

exchange rate following a certain exogenous shock, with a structural econometric approach using data for Sweden, a small … standard structural macroeconomic models would indicate. For Sweden, the CERPT is negative not only for domestic but also for …

Persistent link: https://www.econbiz.de/10011806006

Household debt and monetary policy : revealing the cash-flow channel

Flodén, Martin; Kilström, Matilda; Jósef Sigurdsson; … - 2017

We examine the cash-flow channel of monetary policy, i.e. the effect of monetary policy on spending when households hold debt linked to short-term rates such as adjustable rate mortgages (ARMs). Using registry-based data on Swedish households, we estimate substantial heterogeneity in consumption...

Persistent link: https://www.econbiz.de/10011729444

Effects of foreign and domestic central bank government bond purchases in a small open economy DSGE model : evidence from Sweden before and during the coronavirus pandemic

Akkaya, Yildiz; Belfrage, Carl-Johan; Di Casola, Paola; … - 2023

This paper evaluates the macroeconomic effects of foreign and domestic central bank government bond purchases on the Swedish economy before and during the Corona pandemic using a small open economy DSGE model with segmented asset markets. In this model, the effects of foreign and domestic...

Persistent link: https://www.econbiz.de/10014232954

Bank lending policy, credit scoring and value at risk

Jacobson, Tor; Roszbach, Kasper - 1998

In this paper we apply a bivariate probit model to investigate the implications of bank lending policy. In the first equation we model the bank's decision to grant a loan, in the second the probability of default. We confirm that banks provide loans in a way that is not consistent with default...

Persistent link: https://www.econbiz.de/10011583112

Monetary policy shocks and business cycle fluctuations in a small open economy : Sweden 1986-2002

Lindé, Jesper - 2003

This paper contains an empirical analysis of the dynamic effects of monetary policy on Swedish data within a framework consistent with the theoretical New-Keynesian type of small open economy models. Because of what appears to be time-varying seasonal patterns in the data, I argue that it is of...

Persistent link: https://www.econbiz.de/10011583586