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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

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...

Persistent link: https://www.econbiz.de/10008988794

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

Empirical evidence on the dynamics of investment under uncertainty in the U.S.

Haque, Qazi; Magnusson, Leandro M.; Tomioka, Kazuki - 2019

Persistent link: https://www.econbiz.de/10012208719

Higher-order income risk over the business cycle

Busch, Christopher; Ludwig, Alexander - 2020

We extend the canonical income process with persistent and transitory risk to shock distributions with left …-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household … show that in a standard incomplete-markets life-cycle model, first, higher-order risk has sizable welfare implications …

Persistent link: https://www.econbiz.de/10012215285