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Monetary and fiscal policy in times of crises : a new Keynesian perspective in continuous time
Hayo, Bernd; Niehof, Britta - 2014 - This version: October 27, 2014
-economy DSGE model with monetary and fiscal policy as well as financial markets in a continuous-time framework based on stochastic …
Persistent link: https://www.econbiz.de/10010419528
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Analysis of monetary policy responses after financial market crises in a continuous time new Keynesian model : conference paper
Hayo, Bernd; Niehof, Britta - 2014 - Preliminary draft
We develop a dynamic stochastic full equilibrium New Keynesian model of two open economies based on stochastic differential equations to analyse the interdependence between monetary policy and financial markets in the context of the recent financial crisis. The effect of bubbles on stock and...
Persistent link: https://www.econbiz.de/10010484315
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Analysis of monetary policy responses after financial market crises in a continuous time New Keynesian Model
Hayo, Bernd; Niehof, Britta - 2014 - This version: 24 March 2014
We develop a dynamic stochastic full equilibrium New Keynesian model of two open economies based on stochastic differential equations to analyse the interdependence between monetary policy and financial markets in the context of the recent financial crisis. The effect of bubbles on stock and...
Persistent link: https://www.econbiz.de/10010336205
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Analysis of Monetary Policy Responses after Financial Market Crises in a Continuous Time New Keynesian Model
Hayo, Bernd - 2016
To analyse the interdependence between monetary policy and financial markets in the context of the recent financial crisis, we use stochastic differential equations to develop a dynamic, stochastic general equilibrium New Keynesian model of two open economies. Our focus is on how stock and...
Persistent link: https://www.econbiz.de/10013000540
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Makroökonomische Implikationen der Mitgliedschaft Deutschlands in der Europäischen Währungsunion
Clausen, Volker; Hayo, Bernd - In: Vierteljahrshefte zur Wirtschaftsforschung 71 (2002) 3, pp. 339-353
Persistent link: https://www.econbiz.de/10001710169
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Estimating policy-corrected long-term and short-term tax elasticities for the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha; Ünal, Umut - 2021 - This version: 23 March 2021
We estimate the elasticities of the most important tax categories using a new quarterly database of discretionary tax measures for the United States, Germany, and the United Kingdom over the period 1980Q1 to 2018Q2. Employing Romer and Romer's (2009) narrative approach, we construct a...
Persistent link: https://www.econbiz.de/10012543418
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Estimating policy-corrected long-term and short-term tax elasticities for the USA, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha; Ünal, Umut - In: Empirical economics : a quarterly journal of the … 64 (2023) 1, pp. 465-504
Persistent link: https://www.econbiz.de/10014226297
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Does quantitative easing affect people's personal financial situation and economic inequality? : the view of the German population
Hayo, Bernd - 2020 - This version: 09 May 2020
Using representative survey data collected in 2018, I study how laypersons in Germany perceive the effects of quantitative easing (QE) on their personal financial situation and on national economic inequality. Almost 40% think that their economic situation is unaffected by QE, whereas 20% and 6%...
Persistent link: https://www.econbiz.de/10012215812
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Households' inflation perceptions and expectations : survey evidence from New Zealand
Hayo, Bernd; Neumeier, Florian - 2018
In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique representative survey data collected in 2016 and using descriptive statistics and multivariate regressions, we explore various aspects of how laypersons perceive inflation and form inflation...
Persistent link: https://www.econbiz.de/10011794056
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Households' inflation perceptions and expectations : survey evidence from New Zealand
Hayo, Bernd; Neumeier, Florian - 2018 - First draft: 2 February 2018
In this paper, we study how inflation is viewed by the general population of New Zealand. Based on unique representative survey data collected in 2016 and using descriptive statistics and multivariate regressions, we explore various aspects of how laypersons perceive inflation and form inflation...
Persistent link: https://www.econbiz.de/10011803738