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Monetary Policy and Potential Output Uncertainty : A Quantitative Assessment
Delle Chiaie, Simona - 2012
I estimate a dynamic stochastic general equilibrium model where the policymaker and the private sector have imperfect knowledge about potential output. The estimation of the structural parameters and of the monetary authorities' objectives is key to assess the quantitative relevance of the...
Persistent link: https://www.econbiz.de/10013116556
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Central Bank Liquidity Provision, Risk-Taking and Economic Efficiency
Bindseil, Ulrich - 2013
riskiness of counter parties and issuers is endogenous to the central bank's credit policies and related risk control framework …
Persistent link: https://www.econbiz.de/10013083125
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Risk Management in Action - Robust Monetary Policy Rules under Structured Uncertainty
Levine, Paul; McAdam, Peter; Pearlman, Joseph; Pierse, … - 2021
Recent interest in 'Risk Management' has highlighted the relevance of Bayesian analysis for robust monetary …
Persistent link: https://www.econbiz.de/10013316594
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Uncertain potential output : implications for monetary policy
Ehrmann, Michael - 2001
Persistent link: https://www.econbiz.de/10013434349
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Non-standard central bank loss functions, skewed risks, and certainty equivalance
Al-Nowaihi, Ali - 2002
Persistent link: https://www.econbiz.de/10013434451
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Modeling model uncertainty : international seminar on macroeconomics
Onatski, Alexei - 2002
Persistent link: https://www.econbiz.de/10013434492
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International monetary policy coordination and financial market integration
Sutherland, Alan - 2002
Persistent link: https://www.econbiz.de/10013434500
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Risk Sharing and Monetary Policy Transmission
Hauptmeier, Sebastian; Holm-Hadulla, Federic; Renault, … - 2022
Using regionally disaggregated data on economic activity, we show that risk sharing plays a key role in shaping the … real effects of monetary policy. With weak risk sharing, monetary policy shocks trigger a strong and durable response in … output. With strong risk sharing, the response is attenuated, and output reverts to its initial level over the medium term …
Persistent link: https://www.econbiz.de/10014242298
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Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model
Schmitt-Grohé, Stephanie; Uribe, Martín - 2021
In this paper, we study Ramsey-optimal fiscal and monetary policy in a medium-scale model of the U.S. business cycle. The model features a rich array of real and nominal rigidities that have been identified in the recent empirical literature as salient in explaining observed aggregate...
Persistent link: https://www.econbiz.de/10013317651
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Lenders on the Storm of Wholesale Funding Shocks : Saved by the Central Bank?
de Haan, Leo - 2016
We provide empirical evidence on banks' responses to shocks in wholesale funding, using data of 181 euro area banks over the period August 2007 to June 2013. Banks' adjustments of loan volumes and lending rates in response to funding liquidity shocks are analysed in a panel VAR framework. The...
Persistent link: https://www.econbiz.de/10012998237