Similar Search Results

Explaining ECB and Fed interest rate correlation: Economic interdependence and optimal monetary policy

Mandler, Martin - 2010

This paper studies whether the observed high correlation between monetary policy in the U.S. and the Euro area can be explained by economic fundamentals, i.e. by macroeconomic interdependence between the two regions. We show that an optimal monetary policy reaction function for the ECB that...

Persistent link: https://www.econbiz.de/10010286383

Canadian Interest Rate Setting : The Information Content of Canadian and U.S. Central Bank Communication

Hayo, Bernd - 2010

We explain Canadian target rate decisions using macroeconomic variables as well as Bank of Canada (BOC) and Federal Reserve (Fed) communication indicators. Econometrically, we employ an ordered probit model of a Taylor rule to explain and predict 60 target rate decisions between 1998 and 2006....

Persistent link: https://www.econbiz.de/10013151094

Communication Matters : U.S. Monetary Policy and Commodity Price Volatility

Hayo, Bernd - 2011

Using a GARCH model, we analyze the influence of U.S. monetary policy action and communication on the price volatility of commodities for the period 1998–2009. We find, first, that U.S. monetary policy events have an economically significant impact on price volatility. Second, expected target...

Persistent link: https://www.econbiz.de/10013128878

Consolidations in the German interurban bus industry: Effects on prices and quantities

De Haas, Samuel; Schäfer, Jan Thomas - 2017

We study effects on prices and quantities of a takeover in the rather concentrated German interurban bus industry. We … empirically asses the effect of the takeover of Postbus by Flixbus on industry key features, using a route-level price data set … prices significantly increase and quantities decrease in the post-takeover phase. However, these results are mainly driven by …

Persistent link: https://www.econbiz.de/10011787823

Mental health and stress level of Ukrainians seeking psychological help online

Asanov Noha, Anastasiya-Mariya; Asanov, Igor A.; … - 2022

We screen the mental well-being and psychological distress of 1165 refugees, migrants, internally displaced, and non-displaced people from Ukraine who seek psychological help online in Ukraine and across 24 countries of the European Union. We see that more than half of the respondents exhibit...

Persistent link: https://www.econbiz.de/10013427780

Identification through heteroscedasticity in a multicountry and multimarket framework: The effects of European Central Banks on European financial markets

Hayo, Bernd; Niehof, Britta - 2011

This paper formally proves that Rigobon and Sack (2004)'s approach of identifying monetary policy shocks through heteroscedasticity can be extended to a multimarket and multicountry framework. Applying our multivariate framework allows deriving consistent estimators of monetary policy effects....

Persistent link: https://www.econbiz.de/10010286345

The impact of UN and US economic sanctions on GDP growth

Neuenkirch, Matthias; Neumeier, Florian - 2014

In this paper, we empirically assess how economic sanctions imposed by the UN and the US affect the target states' GDP growth. Our sample includes 68 countries and covers the period 1976 - 2012. We find that sanctions imposed by the UN have a statistically and economically significant influence...

Persistent link: https://www.econbiz.de/10010335871

Always affecting the wrong people? The impact of US sanctions on poverty

Neuenkirch, Matthias; Neumeier, Florian - 2015

In this paper, we analyze the effect of US economic sanctions on the target countries' poverty gap during the period 1978 - 2011. Econometrically, we employ a nearest neighbor matching approach to account for differences in the countries' economic and political environment and the likelihood of...

Persistent link: https://www.econbiz.de/10010507627

Stock Market Reactions to Legislated Tax Changes: Evidence from the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2020

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We find that days of discretionary tax legislation during...

Persistent link: https://www.econbiz.de/10012543679

The Effect of Legislated Tax Changes on the Trade Balance: Empirical Evidence for the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2021

Using a narrative account of quarterly discretionary changes in tax liabilities from 1974Q4 to 2018Q2 in a VAR setting, we study whether legislative tax changes affect the trade balance in the United States, Germany, and the United Kingdom. As legislative tax changes we consider (i) all changes,...

Persistent link: https://www.econbiz.de/10012543684