Showing 1 - 10 of 630
Persistent link: https://www.econbiz.de/10009746109
We evaluate the role of financial conditions as predictors of macroeconomic risk first in the quantile regression framework of Adrian et al. (2019b), which allows for non-linearities, and then in a novel linear semi-structural model as proposed by Hasenzagl et al. (2018). We distinguish between...
Persistent link: https://www.econbiz.de/10012173525
Persistent link: https://www.econbiz.de/10009745095
In this paper, we examine the influence of information rigidities concerning the net worth of banks on the real economy over time. In a first part, we show empirically that expectations about the net earnings of banks (as growth of net worth) are truly biased, particularly during the financial...
Persistent link: https://www.econbiz.de/10011543367
Persistent link: https://www.econbiz.de/10003841797
Persistent link: https://www.econbiz.de/10012487167
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment....
Persistent link: https://www.econbiz.de/10010128764
conceptualised as news about a future slowdown in productivity growth in the tradable sector. Simulations show that the responses of …' for tradable producers before the slowdown in tradable sector productivity associated with Brexit occurs. Resources are … the productivity decline in the tradable sector materialises. The negative news about tradable sector productivity also …
Persistent link: https://www.econbiz.de/10012055479
Persistent link: https://www.econbiz.de/10013540440
Persistent link: https://www.econbiz.de/10014464303