Showing 1 - 10 of 75
shock. Third, domestic politics is critical in the determination of bondholders’ expectations and an increase in the …
Persistent link: https://www.econbiz.de/10014467071
6.8% of total employment in Germany, we argue that ensuring financial stability in the form of healthy bank balance …
Persistent link: https://www.econbiz.de/10012230700
We investigate U.S. monetary and fiscal policy regime interactions in a model, where regimes are determined by latent autoregressive policy factors with endogenous feedback. Policy regimes interact strongly: Shocks that switch one policy from active to passive tend to induce the other policy to...
Persistent link: https://www.econbiz.de/10011657240
Persistent link: https://www.econbiz.de/10002229930
Russian monetary policy has been challenged by large and continuous private capital outflows and a sharp drop in oil prices during 2014, with both ongoings having put a significant depreciation pressure on the ruble and having led the central bank to eventually give up its exchange rate...
Persistent link: https://www.econbiz.de/10011657233
Persistent link: https://www.econbiz.de/10000980776
Persistent link: https://www.econbiz.de/10000981291
Persistent link: https://www.econbiz.de/10000973213
We disentangle the effects of monetary policy announcements on real economic variables into an interest rate shock … component and a central bank information shock component. We identify both components using changes in interest rate futures and … that a contractionary interest rate shock appreciates the dollar, increases the excess bond premium, and leads to a decline …
Persistent link: https://www.econbiz.de/10012295246
In this study, we test whether three popular measures for monetary policy, that is, Romer and Romer (2004), Barakchian and Crowe (2013), and Gertler and Karadi (2015), constitute suitable proxy variables for monetary policy shocks. To this end, we employ different test statistics used in the...
Persistent link: https://www.econbiz.de/10011630098