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The propagation of monetary policy shocks in a heterogeneous production economy
Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2019
Persistent link: https://www.econbiz.de/10012133761
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The propagation of monetary policy shocks in a heterogeneous production economy
Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2019
Persistent link: https://www.econbiz.de/10012136972
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The propagation of monetary policy shocks in a heterogeneous production economy
Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2018
Persistent link: https://www.econbiz.de/10011979747
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Monetary policy through production networks : evidence from the stock market
Ozdagli, Ali; Weber, Michael - 2017 - This version: May 2017
Monetary policy shocks have a large impact on aggregate stock market returns in narrow event windows around press releases by the Federal Open Market Committee. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct (demand) effect and an indirect...
Persistent link: https://www.econbiz.de/10011657891
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Monetary policy through production networks : evidence from the stock market
Ozdagli, Ali; Weber, Michael - 2017 - This version: October, 2017
Monetary policy shocks have a large impact on stock prices during narrow time windows centered around press releases by the FOMC. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct effect and a network effect. We attribute 50 to 85 percent of...
Persistent link: https://www.econbiz.de/10011770624
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Price rigidity and the origins of aggregate fluctuations
Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2018 - This version: August 2018
as large as those arising from an aggregate productivity shock. Heterogeneous price rigidity amplifies the aggregate …
Persistent link: https://www.econbiz.de/10011891743
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The propagation of monetary policy shocks in a heterogeneous production economy
Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2018 - This version: November 2018
We study the transmission of monetary policy shocks in a model in which realistic heterogeneity in price rigidity interacts with heterogeneity in sectoral size and input-output linkages, and derive conditions under which these heterogeneities generate large real effects. Empirically,...
Persistent link: https://www.econbiz.de/10011936316
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The Propagation of Monetary Policy Shocks in a Heterogeneous Production Economy
Pastén, Ernesto - 2018
We study the transmission of monetary policy shocks in a model in which realistic heterogeneity in price rigidity interacts with heterogeneity in sectoral size and input-output linkages, and derive conditions under which these heterogeneities generate large real effects. Empirically,...
Persistent link: https://www.econbiz.de/10012480954
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How did the COVID-19 crisis affect different types of workers in the developing world?
Kugler, Maurice; Viollaz, Mariana; Duque, Daniel; … - 2021
This paper investigates the impacts of the economic shock caused by the COVID-19 pandemic on the employment of … countries suggest that following the initial shock at the start of the pandemic, employment rates partially recovered between …-frequency phone surveys greatly over-represent household heads and therefore overestimate employment rates, case studies in five …
Persistent link: https://www.econbiz.de/10012583672
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Monetary Policy Through Production Networks : Evidence from the Stock Market
Ozdagli, Ali K. - 2020
We study the importance of production networks for the transmission of macroeconomic shocks using the stock market reaction to monetary policy shocks as a laboratory. We decompose the overall effect of monetary policy shocks into a direct effect and a network effect and attribute 55 to 85...
Persistent link: https://www.econbiz.de/10012853432