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Saving-investment correlations in response to monetary policy shocks : new insights into the Feldstein-Horioka puzzle?
Schmidt, Caroline - In: Open economies review 18 (2007) 3, pp. 347-367
Persistent link: https://www.econbiz.de/10003482065
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The Feldstein-Horioka Puzzle : the IS-LM model with optimal policy
MacClure, J. H. - In: Open economies review 5 (1994) 4, pp. 371-382
Persistent link: https://www.econbiz.de/10001172801
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Uncertainty and fiscal policy in an asymmetric monetary union
Hefeker, Carsten; Zimmer, Blandine - In: Open economies review 22 (2011) 1, pp. 163-178
Persistent link: https://www.econbiz.de/10009242312
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The relative importance of monetary policy, uncertainty, and financial shocks
Dery, Cosmas; Serletis, Apostolos - In: Open economies review 32 (2021) 2, pp. 311-333
Persistent link: https://www.econbiz.de/10012548747
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Financial vs. policy uncertainty in emerging market economies
Choi, Sangyup; Shim, Myungkyu - In: Open economies review 30 (2019) 2, pp. 297-318
Persistent link: https://www.econbiz.de/10012153923
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Policy coordination under model disagreement and uncertainty
Hefeker, Carsten; Neugart, Michael - In: Open economies review 30 (2019) 4, pp. 719-737
Persistent link: https://www.econbiz.de/10012155623
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Reasons for the Demise of Interest : Savings Glut and Secular Stagnation or Central Bank Policy?
Schnabl, Gunther - 2019
for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal …, from the perspective of Austrian business cycle theory, interest rates were step by step decreased by central banks to … nihilo and the need of time to produce capital invalidates the IS identity assumed in the Keynesian theory to hold …
Persistent link: https://www.econbiz.de/10012858697
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Uncertainty and Monetary Policy During Extreme Events
Pellegrino, Giovanni - 2020
How damaging are uncertainty shocks during extreme events such as the great recession and the Covid-19 outbreak? Can monetary policy limit output losses in such situations? We use a nonlinear VAR framework to document the large response of real activity to a financial uncertainty shock during...
Persistent link: https://www.econbiz.de/10012822498
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Market-Based Monetary Policy Uncertainty
Bauer, Michael - 2019
This paper investigates the role of monetary policy uncertainty for the transmission of FOMC actions to financial markets using a novel model-free measure of uncertainty based on derivative prices. We document a systematic pattern in monetary policy uncertainty over the course of the FOMC...
Persistent link: https://www.econbiz.de/10012871021
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Uncertainty and Monetary Policy During the Great Recession
Pellegrino, Giovanni; Castelnuovo, Efrem; Caggiano, Giovanni - 2021
We employ a nonlinear VAR framework and a state-of-the-art identification strategy to document the large response of real activity to a financial uncertainty shock during and in the aftermath of the great recession. We replicate this evidence with an estimated DSGE framework featuring a concept...
Persistent link: https://www.econbiz.de/10013235107