Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …

find that an adverse oil supply shock has a negative effect on stock prices when oil inflation is low. In contrast, this … impact is negligible in the regime characterised by higher oil price inflation. Using a simple DSGE model, we suggest that … rates encourage firms to get highly leveraged. A negative oil shock in this scenario leads to a substantial increase in …

higher income and higher levels of consumption are affected more by this shock than households located towards the lower end … of these distributions. An estimated multiple agent DSGE model suggests that the heterogeneity in the household responses … effect of this shock on aggregate output. …

higher income and higher levels of consumption are affected more by this shock than households located towards the lower end … of these distributions. An estimated multiple agent DSGE model suggests that the heterogeneity in the household responses … effect of this shock on aggregate output. …

inference method to map from this TV VAR to time variation in implied Dynamic Stochastic General Equilibrium (DSGE) parameters …