rate by 150 basis points causes output and inflation volatility to rise around 10% above their steady-state standard …We use a simple New Keynesian model, with firm specific capital, non-zero steady-state inflation, long-run risks and … Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy …

volatility in ifln ation raises unemployment at low-frequency. Increased volatility in infl ation makes nominal wages more … guarantee the equilibrium in the labor market. The positive long-run co-movement between unemployment and infl ation volatility …

estimation methods. Specifically, we employ VAR models with drifting parameters and stochastic volatility which are used to … power for inflation or, put differently, whether money growth Granger causes inflation. We use a historical dataset … - consisting of annual Swedish data on money growth and inflation ranging from 1620 to 2021 - and employ state-of-the-art Bayesian …

We report robust evidence of adverse cross-border externalities from terrorism on trade for over 160 countries from … 1976 to 2014. Terrorism in one country spills over to reduce trade in neighboring nations. These externalities arise from …

We assess the bivariate relation between money growth and inflation in the euro area and the United States using hybrid … statistically unstable across time in both regions. The effect that shocks to money growth has on inflation weakened notably after … monetary aggregates to inflation. …