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Optimal monetary-fiscal policy in the euro area liquidity crisis

Filiani, Pasquale - In: Journal of macroeconomics 70 (2021), pp. 1-19

Persistent link: https://www.econbiz.de/10013275458

Anatomy of credit-less recoveries

Corrado, Luisa; Rossi, Isolina - In: Journal of macroeconomics 62 (2019), pp. 1-24

Persistent link: https://www.econbiz.de/10012243488

What drives fluctuations of labor wedge and business cycles? : evidence from Japan

Inaba, Masaru; Nutahara, Kengo; Shirai, Daichi - In: Journal of macroeconomics 72 (2022), pp. 1-14

Persistent link: https://www.econbiz.de/10013329681

Macroeconomic modelling of monetary policy

Klaeffling, Matt - 2003

This paper proposes a new paradigm for the analysis of monetary policy. From an econometric point of view this new approach is just as easy to implement as reduced form analysis, but is robust to the Lucas critique. It requires no explicit prior theory and yet it encompasses all standard DSGE...

Persistent link: https://www.econbiz.de/10009635920

Surprising comparative properties of monetary models : results from a new model database

Taylor, John B.; Wieland, Volker - 2010

In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new database of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...

Persistent link: https://www.econbiz.de/10008688516

What does the single monetary policy do? : a SVAR benchmark for the European Central Bank

Monticelli, Carlo; Tristani, Oreste - 1999

Persistent link: https://www.econbiz.de/10004555305

Quantitative easing and the price-liquidity trade-off

Ferdinandusse, Marien; Freier, Maximilian; Ristiniemi, … - 2020

We consider the effects of quantitative easing on liquidity and prices of bonds in a search- and matching model. The … a decline in yields, while they have opposite effects on market liquidity. This results in a price-liquidity trade …-off. Initially, liquidity improves in reaction to central bank demand. As the central bank buys and holds bonds, supply becomes …

Persistent link: https://www.econbiz.de/10012212850

The relationship between central bank auctions and bill market liquidity

Bats, Joost V.; Hoondert, Jurian J. A. - 2022

This paper investigates the relationship between central bank (reverse) auctions and bill market liquidity. The …

Persistent link: https://www.econbiz.de/10013337422

Tracking growth in the euro area subject to a dimensionality problem

Comunale, Mariarosaria; Mongelli, Francesco Paolo - 2021

We investigate which variables have supported growth in the euro area over the last 30 years. This is a challenging task due to dimensionality problems: a large set of potential determinants, limited data, and the prospect that some variables could be non-stationary. We assemble a set of 35...

Persistent link: https://www.econbiz.de/10012625874

Convex supply curves

Boehm, Christoph E.; Pandalai-Nayar, Nitya - 2020

We provide evidence that industries' supply curves are convex. To guide our empirical analysis, we develop a model, in which capacity constraints at the plant level generate convex supply curves at the industry level. The industry's capacity utilization rate is a sufficient statistic for the...

Persistent link: https://www.econbiz.de/10012271523

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