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Monetary Policy in a Data-Rich Environment

Bernanke, Ben; Boivin, Jean - 2021

Most empirical analyses of monetary policy have been confined to frameworks in which the Federal Reserve is implicitly assumed to exploit only a limited amount of information, despite the fact that the Fed actively monitors literally thousands of economic time series. This article explores the...

Persistent link: https://www.econbiz.de/10013226548

Shock Restricted Structural Vector-Autoregressions

Ludvigson, Sydney C. - 2017

It is well known that the covariance structure of the data alone is not enough to identify an SVAR, and the conventional approach is to impose restrictions on the parameters of the model based on a priori theoretical considerations. This paper suggests that much can be gained by requiring the...

Persistent link: https://www.econbiz.de/10012960789

Structural Interpretation of Vector Autoregressions with Incomplete Identification : Revisiting the Role of Oil Supply and Demand Shocks

Baumeister, Christiane - 2018

and demand. Supply disruptions turn out to be a bigger factor in historical oil price movements and inventory accumulation …

Persistent link: https://www.econbiz.de/10012931213

Shocks

Cochrane, John H. - 2021

review the evidence on oil price and credit shocks. I conclude that none of these popular candidates accounts for the bulk of …

Persistent link: https://www.econbiz.de/10013229832

Macroeconomic Performance During Commodity Price Booms and Busts

Cespedes, Luis Felipe - 2012

frictions. Then we provide empirical evidence (using commodity price boom and bust episodes) that commodity price shocks have a … episodes of commodity price booms (busts) …

Persistent link: https://www.econbiz.de/10013097275

Does Disease Cause Vaccination? Disease Outbreaks and Vaccination Response

Oster, Emily F. - 2016

Childhood vaccinations are an important input to disease prevention, but vaccination rates have declined over the last decade due largely to parental fears about vaccine dangers. Education campaigns on the safety of vaccines seem to have little impact. Anecdotal evidence on disease outbreaks...

Persistent link: https://www.econbiz.de/10012985902

Corporate Immunity to the Covid-19 Pandemic

Ding, Wenzhi; Levine, Ross; Lin, Chen; Xie, Wensi - 2021

-firm stock price reactions to COVID-19 as functions of these pre-shock corporate characteristics … corporate characteristics and stock price reactions to COVID-19 cases. We find that the pandemic-induced drop in stock prices …

Persistent link: https://www.econbiz.de/10013224962

Fear, Lockdown, and Diversion : Comparing Drivers of Pandemic Economic Decline 2020

Goolsbee, Austan D. - 2020

The collapse of economic activity in 2020 from COVID-19 has been immense. An important question is how much of that resulted from government restrictions on activity versus people voluntarily choosing to stay home to avoid infection. This paper examines the drivers of the collapse using cellular...

Persistent link: https://www.econbiz.de/10012829790

Macroprudential Policies and the Covid-19 Pandemic : Risks and Challenges for Emerging Markets

Edwards, Sebastian - 2021

This paper deals with COVID and macroprudential regulations in emerging markets. I document the build-up of a sturdy macroprudential structure during 2009-2019, and the relaxation of regulations in 2020-2021, as part of the effort to deal with the sanitary emergency. I show that in every...

Persistent link: https://www.econbiz.de/10013322217

World Shocks, World Prices, and Business Cycles : An Empirical Investigation

Fernàndez, Andrés - 2016

intratemporal relative price such as the terms of trade and possibly an intertemporal price such as the world interest rate. This … commodity price process as argued in the literature on the financialization of world commodity markets … paper presents an empirical framework in which multiple commodity prices and the world interest rate transmit world …

Persistent link: https://www.econbiz.de/10012979352

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