We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …

After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian …

bank can stabilize all variables at the cost of higher inflation and that macroeconomic volatility is smallest if the …

German unifikation hit the West German economy in a prosperous and appeared as a huge demand shock at least for the … those resulting from the demand shock of German unification, to effect not only German trade flows, but also real variables …

. Previous literature has highlighted the role of an economy's "structure" - such as its inflation volatility, inflation rate …, forecasts predicting how a given exchange rate movement will impact inflation at a specific point in time should take into …

of narrative information to sharpen shock identification in a structural VAR analysis based on sign restrictions …