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Cyclical risk aversion, precautionary saving and monetary policy

De Paoli, Bianca; Zabczyk, Pawel - 2012

Persistent link: https://www.econbiz.de/10009724922

The transmission of monetary policy operations through redistributions and durable purchases

Sterk, Vincent; Tenreyro, Silvana - 2013

Persistent link: https://www.econbiz.de/10010340470

Spillovers and spillbacks

Acharya, Sushant; Pesenti, Paolo A. - 2024

Keynesian model. Relative to Representative Agent (RANK) models, our framework introduces a precautionary-savings channel, as … households in both countries face uninsurable income risk, and a real-income channel, as households have heterogeneous marginal … propensities to consume (MPC). While both channels amplify the size of spillovers/spillbacks, only precautionary savings can change …

Persistent link: https://www.econbiz.de/10014501129

Evaluating effectiveness of price level targeting in the presence of increasing uncertainty

Kara, Engin; Pirzada, Ahmed - 2021

Persistent link: https://www.econbiz.de/10012820404

Uncertainty about QE effects when an interest rate peg is anticipated

Gerke, Rafael; Giesen, Sebastian; Kienzler, Daniel - 2018

After hitting the lower bound on interest rates, the Eurosystem engaged in a public sector purchase programme (PSPP) and forward guidance (FG). We use prior and posterior predictive analysis to evaluate the importance of parameter uncertainty in an analysis of these policies. We model FG as an...

Persistent link: https://www.econbiz.de/10011846905

Portfolio allocation and international risk sharing

Benigno, Gianluca; Küçük-Tuger, Hande - 2011

Recent contributions have shown that it is possible to account for the so-called consumptionreal exchange anomaly in models with goods market frictions where international asset trade is limited to a riskless bond. In this paper, we consider a more realistic international asset market structure...