Showing 1 - 10 of 71,459
of narrative information to sharpen shock identification in a structural VAR analysis based on sign restrictions …
Persistent link: https://www.econbiz.de/10012405992
Persistent link: https://www.econbiz.de/10011705372
Twenty years after the introduction of the euro, this Weekly Report uses an empirical analysis to assess the performance of monetary policy in the EMU founding states. It is often claimed that the monetary policy of the European Central Bank (ECB) cannot outperform its national predecessors, as...
Persistent link: https://www.econbiz.de/10012007718
Modern OCA theory has developed different conclusions on when forming a currency union is beneficial. An important pragmatic question in this context is: Did delegating monetary policy to the ECB increase stress in the individual euro area countries? An SVAR analysis reveals that monetary stress...
Persistent link: https://www.econbiz.de/10012301359
Persistent link: https://www.econbiz.de/10011305214
Persistent link: https://www.econbiz.de/10014323014
monetary policy news shock based on a VAR model. A monetary news shock is equivalent to new information about the Fed's future … monetary policy becoming available today. One example of a monetary news shock is a forward guidance announcement, where the … shocks. We estimate the response of the euro area to an expected future policy tightening of the Fed. The U.S. news shock …
Persistent link: https://www.econbiz.de/10014637094
Persistent link: https://www.econbiz.de/10000664221
Persistent link: https://www.econbiz.de/10009765558
Persistent link: https://www.econbiz.de/10011498271