following the slump points to the accommodation of the shock by the ECB, concurrent with the implementation of the Quantitative …

find that an adverse oil supply shock has a negative effect on stock prices when oil inflation is low. In contrast, this … rates encourage firms to get highly leveraged. A negative oil shock in this scenario leads to a substantial increase in … shock, ameliorating the impact on the stock market. …

international to domestic energy prices decreases from 1% to virtually zero in response to a shock rising real oil prices by 10 …

structural shock that we label expectational shock. This shock plays a crucial role when describing the series of events that …

shock has remained fairly stable. Simulations from a non-linear DSGE model suggest that these empirical results are …

the models parameters. I estimate the effects of a monetary policy shock in the United States using the proposed algorithm …