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Monetary policy and the housing bubble
Dokko, Jane; Doyle, Brian M.; Kiley, Michael T.; Kim, Jinill - 2009
Persistent link: https://www.econbiz.de/10003950471
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Macroeconomic effects of large-scale asset purchases : new evidence
Kim, Kyungmin; Laubach, Thomas; Wei, Min - 2020
Persistent link: https://www.econbiz.de/10012388678
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Pandemic recession dynamics : the role of monetary policy inshifting a U-shaped recession to a V-shaped rebound
Kiley, Michael T. - 2020
Persistent link: https://www.econbiz.de/10012389788
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Using financial markets to estimate the macro effects of monetary policy : an impact-identified FAVAR
Pitschner, Stefan - 2013
In this paper, I use high-frequency financial market estimates to identify the monetary policy shock in a non …
Persistent link: https://www.econbiz.de/10009760371
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Bayesian estimation of an open economy DSGE model with incomplete pass-through
Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - 2005
In this paper we develop a dynamic stochastic general equilibrium (DSGE) model for an open economy, and estimate it on Euro area data using Bayesian estimation techniques. The model incorporates several open economy features, as well as a number of nominal and real frictions that have proven to...
Persistent link: https://www.econbiz.de/10011583872
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Financial instability and monetary policy : the Swedish evidence
Bergman, Michael U.; Hansen, Jan - 2002
This paper examines the relationship between financial instability and monetary policy within the Swedish economy. Based on a standard VAR model of monetary policy extended to include measures of financial instability and credit expansions, we examine the interaction between monetary policy and...
Persistent link: https://www.econbiz.de/10011584566
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An alternative explanation of the price puzzle
Giordani, Paolo - 2001
This paper proposes a simple explanation for the frequent appearance of a price puzzle in VARs designed for monetary policy analysis. It suggests that the best method of solving the puzzle implies a close connection between theory and empirics rather than the introduction of a commodity price....
Persistent link: https://www.econbiz.de/10011585346
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The interaction between fiscal and monetary policies : evidence from Sweden
Ankargren, Sebastian; Shahnazarian, Hovick - 2019 - (Updated april 2019)
This paper estimates the interaction between monetary- and fiscal policy using a structural VAR model with time-varying parameters. For demand and supply shocks, the two policies are estimated to be complementary, while for monetary and fiscal policies shocks the two policies act as substitutes....
Persistent link: https://www.econbiz.de/10011990029
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Towards technology-news-driven business cycles
Di Casola, Paola; Sichlimiris, Spyridon - 2018
We identify an inflationary technology news shock as the leading source of business cycle variations for the postwar U ….S. economy. This shock acts like a demand shock: it induces strong positive comovement in real quantities - GDP, consumption … technological innovations reduce inflation. The technology news shock became the predominant source of the business cycle from the …
Persistent link: https://www.econbiz.de/10011930326