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How competitiveness shocks affect macroeconomic performance across euro area countries
Staehr, Karsten; Vermeulen, Robert - 2016
seeking to improve competitiveness may have very different effects on economic performance and financial stability in …
Persistent link: https://www.econbiz.de/10011605985
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Coordinating monetary and financial regulatory policies
Van der Ghote, Alejandro - 2018
How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address these questions, I develop a continuous-time New Keynesian economy in which a financial intermediary sector is subject to a leverage constraint. Coordination between monetary and...
Persistent link: https://www.econbiz.de/10011916859
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Growth-and-risk trade-off
Gadea, María Dolores; Laeven, Luc; Pérez-Quirós, Gabriel - 2020
that there is a growth and risk trade-off in the pace of credit growth over the business cycle. While rapid credit growth … tends to be followed by deeper recessions, we also find that credit growth has a positive impact on the duration of … negatively affect the cumulation of economic growth during the expansion. We show that intermediate levels of credit growth …
Persistent link: https://www.econbiz.de/10012422059
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DSGE Nash: Solving Nash games in macro models
Ferrari, Massimo Minesso; Pagliari, Maria Sole - 2022
This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in macro models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including solutions up to the third order, multiple...
Persistent link: https://www.econbiz.de/10013368008
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Monetary policy strategies for the euro area: Optimal rules in the presence of the ELB
Mazelis, Falk; Motto, Roberto; Ristiniemi, Annukka - 2023
We study alternative monetary policy strategies in the presence of the lower bound on nominal interest rates and a low equilibrium real rate using an estimated DSGE model for the euro area. We demonstrate that simple feedback rules that implement inflation targeting result in a binding lower...
Persistent link: https://www.econbiz.de/10014374585
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Growth-and-Risk Trade-Off
Gadea Rivas, Maria Dolores - 2020
that there is a growth and risk trade-off in the pace of credit growth over the business cycle. While rapid credit growth … tends to be followed by deeper recessions, we also find that credit growth has a positive impact on the duration of … negatively affect the cumulation of economic growth during the expansion. We show that intermediate levels of credit growth …
Persistent link: https://www.econbiz.de/10012836255
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How Competitiveness Shocks Affect Macroeconomic Performance Across Euro Area Countries
Staehr, Karsten - 2016
seeking to improve competitiveness may have very different effects on economic performance and financial stability in …
Persistent link: https://www.econbiz.de/10012984572
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Coordinating Monetary and Financial Regulatory Policies
Van der Ghote, Alejandro - 2018
How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address these questions, I develop a continuous-time New Keynesian economy in which a financial intermediary sector is subject to a leverage constraint. Coordination between monetary and...
Persistent link: https://www.econbiz.de/10012917168
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DSGE Nash : Solving Nash Games in Macro Models
Minesso, Massimo Ferrari; Pagliari, Maria Sole - 2022
This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in macro models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including solutions up to the third order, multiple...
Persistent link: https://www.econbiz.de/10014080812
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Monetary Policy Strategies for the Euro Area : Optimal Rules in the Presence of the ELB
Mazelis, Falk; Motto, Roberto; Ristiniemi, Annukka - 2023
We study alternative monetary policy strategies in the presence of the lower bound on nominal interest rates and a low equilibrium real rate using an estimated DSGE model for the euro area. We find that simple feedback rules that implement inflation targeting result in a binding lower bound...
Persistent link: https://www.econbiz.de/10014355956