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Estimating the effects of global uncertainty in open economies

Delrio, Silvia - 2016

Persistent link: https://www.econbiz.de/10011636654

The dynamic impact of FX interventions on financial markets

Menkhoff, Lukas; Rieth, Malte; Heidland, Tobias - 2020

Evidence on the effectiveness of FX interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally, we find, for freely...

Persistent link: https://www.econbiz.de/10012179576

Do heterogeneous countries respond differently to oil price shocks?

Guerrero Escobar, Santiago; Hernández del Valle, Gerardo; … - 2018

The article studies the macroeconomic impact of oil price changes in 17 highly heterogeneous countries classified in six groups: advanced, emerging, oil producer, non-oil producers, with energy price controls and without energy price controls. The results show that despite analyzed countries...

Persistent link: https://www.econbiz.de/10011868228

Foreign currency bank funding and global factors

Krogstrup, Signe; Tille, Cédric - 2018

The literature on drivers of capital flows stresses the prominent role of global financial factors. Recent empirical work, however, highlights how this role varies across countries and time, and this heterogeneity is not well understood. We revisit this question by focusing on financial...

Persistent link: https://www.econbiz.de/10011847862

Causes and consequences of merger waves

Kleinert, Jörn; Klodt, Henning - 2002

DOME database which has been built up at the Kiel Institute of World Economics. On average, performance of merging and non …

Persistent link: https://www.econbiz.de/10011490438

Macroeconomic shocks and foreign bank assets

Buch, Claudia M. (contributor); Carstensen, Kai (contributor) - 2005

Changes in foreign asset holdings are one channel through which agents adjust to macroeconomic shocks. In this paper, we test whether foreign bank assets change as a result of domestic and foreign macroeconomic shocks. We frame our empirical analysis in a standard new open economy macro model in...

Persistent link: https://www.econbiz.de/10003066295

The effect of ENSO shocks on commodity prices : a multi-time scale approach

Dufrénot, Gilles; Ginn, William; Pourroy, Marc - 2021

Persistent link: https://www.econbiz.de/10012548152

The impact of climate on economic and financial cycles : a Markov-switching panel approach

Billio, Monica; Casarin, Roberto; De Cian, Enrica; … - 2021

Persistent link: https://www.econbiz.de/10012499498

A theory of price adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … an otherwise standard dynamic neoclassical model of monopolistic competition. The resulting theory of price adjustment is …

Persistent link: https://www.econbiz.de/10010341721

Sector-specific productivity shocks in a matching model

Wesselbaum, Dennis - 2010

Endogenous separation matching models have the shortcoming that they are barely able to replicate the Beveridge curve (i.e. the negative correlation between unemployment and vacancies) and business cycle statistics jointly. This paper builds upon the sectoral shock literature and combines its...

Persistent link: https://www.econbiz.de/10011452403