Similar Search Results

Friedrich, Christian; Guérin, Pierre - 2016

This paper proposes a novel methodology for identifying episodes of strong capital flows based on a regime-switching model. In comparison with the existing literature, a key advantage of our methodology is to estimate capital flow regimes without the need for context- and sample-specific...

Persistent link: https://www.econbiz.de/10011438852

Monetary policy and financial stability : cross-country evidence

Friedrich, Christian; Hess, Kristina; Cunningham, Rose M. - 2015

frameworks. To do so, we construct a timevarying financial stability orientation (FSO) index that quantifies a central bank … bank monetary policy statements. We then include our FSO index in a modified Taylor rule, which is estimated using a cross …-type central bank's policy rate is about 0.3 percentage points higher when financial stability risks are present than the policy …

Persistent link: https://www.econbiz.de/10011408612

Monetary policy independence and the strength of the global financial cycle

Friedrich, Christian; Guérin, Pierre; Leiva-Léon, Danilo - 2020 - Last updated: June 5, 2020

We propose a new strength measure of the global financial cycle by estimating a regimeswitching factor model on cross-border equity flows for 61 countries. We then assess how the strength of the global financial cycle affects monetary policy independence, which is defined as the response of...

Persistent link: https://www.econbiz.de/10012243375

Stress relief? : funding structures and resilience to the Covid shock

Forbes, Kristin; Friedrich, Christian; Reinhardt, Dennis - 2023 - Last updated: January 30, 2023

structures mitigated-or amplified-the impact of this risk- off shock. A higher share of funding from non-bank financial …

Persistent link: https://www.econbiz.de/10013503718