Narrow search
Showing 1 - 10 of 2,541
Cover Image
U.S. Monetary Shocks and Global Stock Prices
Laeven, Luc - 2010
This paper studies how U.S. monetary policy affects global stock prices. We find that global stock prices respond strongly to changes in U.S. interest rate policy, with stock prices increasing (decreasing) following unexpected monetary loosening (tightening). This impact is more pronounced for...
Persistent link: https://www.econbiz.de/10014402649
Cover Image
The transmission of external shocks in Asia : country characteristics and policy responses
Deb, Pragyan; Nadeem, Sanaa; Peiris, Shanaka Jayanath - 2021
Persistent link: https://www.econbiz.de/10012487199
Cover Image
Dampening global financial shocks : can macroprudential regulation help (more than capital controls)?
Bergant, Katharina; Grigoli, Francesco; Hansen, … - 2020
We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to VIX movements and capital flow shocks. A broad set of macroprudential tools...
Persistent link: https://www.econbiz.de/10012252052
Cover Image
Learning About Inflation Measures for Interest Rate Rules
Zanna, Luis-Felipe - 2010
Empirical evidence suggests that goods are highly heterogeneous with respect to the degree of price rigidity. We develop a DSGE model featuring heterogeneous nominal rigidities across two sectors to study the equilibrium determinacy and stability under adaptive learning for interest rate rules...
Persistent link: https://www.econbiz.de/10014402931
Cover Image
Shipping costs and inflation
Carrière-Swallow, Yan; Deb, Pragyan; Furceri, Davide; … - 2022
Persistent link: https://www.econbiz.de/10013169888
Cover Image
Shock therapy! : what role for Thai monetary policy?
Alp, Harun; Elekdaǧ, Selim Ali - 2012
Thailand had to endure three major shocks during 2008–2011: the global financial crisis, the Japanese earthquake, and the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT) let the exchange rate depreciate and cut interest rates...
Persistent link: https://www.econbiz.de/10012671579
Cover Image
Estimating the impact of external shocks on the ECCU : application to the COVID shock
Parlak, Vivian; Salinas, Gonzalo; Vargas, Mauricio - 2021
We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, tourism flows, oil prices, passport sales, FDI, and natural disasters. Using Canonical-Correlation Analysis (CCA) and dynamic panel regression analysis we find significant...
Persistent link: https://www.econbiz.de/10012796822
Cover Image
Optimal Monetary Policy in a Small Open Economy with Habit Formation and Nominal Rigidities
Jung, Yongseung - 2003
Introducing habit formation into an open economy macroeconomic model with price stickiness, we examine the characteristics of an optimal monetary policy. We find that, first, the optimal policy rule entails interest rate smoothing and responds to the lagged values of the foreign interest rate...
Persistent link: https://www.econbiz.de/10014399689
Cover Image
Initial output losses from the Covid-19 pandemic : robust determinants
Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan David - 2021
While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging techniques-Weighted Average Least Squares and Bayesian Model Averaging. The results...
Persistent link: https://www.econbiz.de/10012517923
Cover Image
Global corporate stress tests : impact of the COVID-19 pandemic and policy responses
Tressel, Thierry; Ding, Xiaodan - 2021
find that a large share of publicly-listed firms become vulnerable as a result of the pandemic shock and additional … the impact of the shock in the near term. Looking forward, while interest coverage ratios tend to improve over time after … the initial shock as earnings recover in line with projected macroeconomic conditions, liquidity needs remain substantial …
Persistent link: https://www.econbiz.de/10012605125