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Optimal fiscal and monetary policy under sticky prices

Schmitt-Grohé, Stephanie (contributor); … - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001629565

Optimal fiscal and monetary policy under imperfect competition

Schmitt-Grohé, Stephanie (contributor); … - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001578958

Optimal fiscal and monetary policy under imperfect comptition

Schmitt-Grohé, Stephanie (contributor); … - 2000 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001547185

U.S. monetary-fiscal regime changes in the presence of endogenous feedback in policy rules

Chang, Yoosoon; Kwak, Boreum - Leibniz-Institut für Wirtschaftsforschung Halle - 2017

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

Financial crises and political crises

Chang, Roberto (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001726151

The premium of government debt : disentangling safety and liquidity

Xiong, Qizhou - Leibniz-Institut für Wirtschaftsforschung Halle - 2017

The persistent premium of government debt attributes to two main reasons: absolute nominal safety and liquidity. This … paper employs two types of measures of government debt supply to disentangle the safety and liquidity part of the premium … liability to all sector total liability, separates the liquidity premium from the safety premium and has a negative impact too …

Persistent link: https://www.econbiz.de/10011643023

Exchange rates and the information channel of monetary policy

Holtemöller, Oliver; Kriwoluzky, Alexander; Kwak, Boreum - Leibniz-Institut für Wirtschaftsforschung Halle - 2020

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 in exchange rates around monetary policy...

Persistent link: https://www.econbiz.de/10012295246

Monetary policy in an oil-dependent economy in the presence of multiple shocks

Drygalla, Andrej - Leibniz-Institut für Wirtschaftsforschung Halle - 2017

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

Is there an information channel of monetary policy?

Holtemöller, Oliver; Kriwoluzky, Alexander; Kwak, Boreum - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: May 17, 2024

Exploiting the heteroscedasticity of the changes in short-term and long-term interest rates and exchange rates around the FOMC announcement, we identify three structural monetary policy shocks. We eliminate the predictable part of the shocks and study their effects on financial variables and...

Persistent link: https://www.econbiz.de/10014535937

Optimal monetary policy in a two-sector environmental DSGE model

Holtemöller, Oliver; Sardone, Alessandro - Leibniz-Institut für Wirtschaftsforschung Halle - 2024

In this paper, we discuss how environmental damage and emission reduction policies affect the conduct of monetary policy in a two-sector (clean and dirty) dynamic stochastic general equilibrium model. In particular, we examine the optimal response of the interest rate to changes in sectoral...

Persistent link: https://www.econbiz.de/10014636978