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International effects of euro area versus US policy uncertainty : a FAVAR approach

Belke, Ansgar; Osowski, Thomas - 2017

Building on the growing evidence on the importance of large data sets for empirical macroeconomic modeling, we estimate a large-scale FAVAR model for 18 OECD member countries. We quantify the global effects of economic policy uncertainty shocks and check whether the signs, the magnitude, and the...

Persistent link: https://www.econbiz.de/10012110907

Interest rate hysteresis in macroeconomic investment under uncertainty

Belke, Ansgar; Göcke, Matthias - 2019

of a central bank’s interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …

Persistent link: https://www.econbiz.de/10012151228

Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the euro area

Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019

. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank …

Persistent link: https://www.econbiz.de/10012151693

Oil price shocks, monetary policy and current account imbalances within a currency union

Baas, Timo; Belke, Ansgar - 2017

that internal current account imbalances inside a currency union may also add to these risks. Oil price fluctuations and a … the currency union by changing internal imbalances. Therefore, in this paper, we analyze the impact of oil price shocks on … current account imbalances within a currency union. Differences in institutions, especially labor market institutions and …

Persistent link: https://www.econbiz.de/10012129945

Equilibrium real interest rates, secular stagnation, and the financial cycle : empirical evidence for euro-area member countries

Belke, Ansgar; Klose, Jens - 2018

Is the Euro area as a whole, or are individual Euro-area member countries facing a period of sustained lower economic growth, a phenomenon known as secular stagnation? We tackle this question by estimating equilibrium real interest rates and comparing them to actual real rates. Since the...

Persistent link: https://www.econbiz.de/10012131206