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displays the reaction of the variables in the system to a monetary policy shock. The main implication of our results is that …
Persistent link: https://www.econbiz.de/10009433724
in the economy, suggesting evidence for the money endogeneity theory of post-Keynesian economists. In particular, bank …
Persistent link: https://www.econbiz.de/10009441819
Persistent link: https://www.econbiz.de/10009447401
identification problem inherent in using aggregated data that leads to failure in isolating demand shock from supply shock is …
Persistent link: https://www.econbiz.de/10009465192
This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...
Persistent link: https://www.econbiz.de/10009476887
This paper examines possible explanations for observed differences in the transmission of euro area monetary policy in central bank large-scale macroeconomic models. In particular it considers the extent to which these differences are due to differences in the underlying economies or (possibly...
Persistent link: https://www.econbiz.de/10012530065
Incluye bibliografía ; This paper analyses the impact of loan market competition on the interest rates applied by euro area banks to loans and deposits during the 1994-2004 period, using a novel measure of competition called the Boone indicator. We find evidence that stronger competition...
Persistent link: https://www.econbiz.de/10012530221
We introduce a duration model that allows for unobserved cumulative individual-specific shocks, which are likely to be important in explaining variations in duration outcomes, such as length of life and time spent unemployed. The model is also a useful tool in situations where researchers...
Persistent link: https://www.econbiz.de/10009448432
Rural households comprise a large share of the population in developing countries. This dissertation examines how the welfare of these households, whose economic activity mainly relies on agriculture, is affected by weather shocks and healthshocks in the context of West Africa and Vietnam. In...
Persistent link: https://www.econbiz.de/10009450771
particular, standard local projections identify responses that include an effect due to the persistence of the shock, while … projections and moving average representations. In particular, the inclusion of leads of the shock in local projections allows to … proyecciones locales estándar identifi can respuestas que incluyen un efecto debido a la persistencia del shock, mientras que las …
Persistent link: https://www.econbiz.de/10012523677