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Fratzscher, Marcel; Große Steffen, Christoph; Rieth, Malte - 2018

We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting...

Persistent link: https://www.econbiz.de/10011790769

Big banks and macroeconomic outcomes : theory and cross-country evidence of granularity

Bremus, Franziska; Buch, Claudia M.; Russ, Katheryn Niles; … - 2013

Does the mere presence of big banks affect macroeconomic outcomes? In this paper, we develop a theory of granularity …

Persistent link: https://www.econbiz.de/10010225567

The effect of ENSO shocks on commodity prices : a multi-time scale approach

Dufrénot, Gilles; Ginn, William; Pourroy, Marc - 2021

Persistent link: https://www.econbiz.de/10012548152

The impact of climate on economic and financial cycles : a Markov-switching panel approach

Billio, Monica; Casarin, Roberto; De Cian, Enrica; … - 2021

Persistent link: https://www.econbiz.de/10012499498

The dynamic impact of FX interventions on financial markets

Menkhoff, Lukas; Rieth, Malte; Heidland, Tobias - 2020

Evidence on the effectiveness of FX interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally, we find, for freely...

Persistent link: https://www.econbiz.de/10012180848

Viral shocks to the world economy

Cholodilin, Konstantin Arkadʹevič; Rieth, Malte - 2020

We construct a news-based viral disease index and study the dynamic impact of epidemics on the world economy, using … countries and on world output. The shocks lead to a signiﬁcant fall in global trade, employment, and consumer prices for three …

Persistent link: https://www.econbiz.de/10012197902

Estimating the effects of global uncertainty in open economies

Delrio, Silvia - 2016

Persistent link: https://www.econbiz.de/10011636654

Do heterogeneous countries respond differently to oil price shocks?

Guerrero Escobar, Santiago; Hernández del Valle, Gerardo; … - 2018

The article studies the macroeconomic impact of oil price changes in 17 highly heterogeneous countries classified in six groups: advanced, emerging, oil producer, non-oil producers, with energy price controls and without energy price controls. The results show that despite analyzed countries...

Persistent link: https://www.econbiz.de/10011868228

Integrating out natural disaster shocks

Bremus, Franziska; Rieth, Malte - 2023

We study the role of international financial integration in buffering natural disaster shocks, using a large sample of advanced and emerging economies. Conditioning on such exogenous events addresses the endogeneity between financial structures and economic conditions. We document that...

Persistent link: https://www.econbiz.de/10014468927

Global risk and the dollar

Georgiadis, Georgios; Müller, Gernot J.; Schumann, Ben - 2023

transmission of global risk to the world economy within a Bayesian proxy structural vectorautoregressive model. We identify global …, the contractionary impact of a global risk shock is much weaker, both in the rest of the world and the US. For the rest of … the world, contractionary financial channels thus dominate expansionary expenditure switching when global risk rises and …

Persistent link: https://www.econbiz.de/10014438127