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Monetary and macroprudential policies with direct and indirect financing : implications for macroeconomic stability

Bruch, Jan; Seitz, Franz; Vollmer, Uwe - 2024

We assess the impact of macroprudential measures on macroeconomic stability using a DSGE model in which firms can access both direct and indirect financing. The model is calibrated with data from the euro area. We compare two different macroprudential rules (time-invariant and counter-cyclical)...

Persistent link: https://www.econbiz.de/10014631259

The chronology of Brexit and UK monetary policy

Geiger, Martin; Güntner, Jochen - 2022

The outcome of the referendum on the UK's membership of the European Union in June 2016 was largely unanticipated by politicians and pundits alike. Even after the "Leave" vote, the uncertainty surrounding the withdrawal process might have affected the UK economy. We draw on an official list of...

Persistent link: https://www.econbiz.de/10013194430

Forecasting and policy making

Wieland, Volker; Wolters, Maik H. - 2012

Persistent link: https://www.econbiz.de/10010394237

The role of economic policy uncertainty in predicting U.S. recessions : a mixed-frequency Markov-switching vector autoregressive approach

Balcilar, Mehmet; Gupta, Rangan; Segnon, Mawuli - 2016

This paper analyzes the performance of the monthly economic policy uncertainty (EPU) index in predicting recessionary regimes of the (quarterly) U.S. GDP. In this regard, the authors apply a mixed-frequency Markov-switching vector autoregressive (MF-MSVAR) model, and compare its in-sample and...

Persistent link: https://www.econbiz.de/10011443536

Economic Uncertainty and the Effectiveness of Monetary Policy

Aastveit, Knut Are - 2013

This paper explores if economic uncertainty alters the macroeconomic influence of monetary policy. We consider several measures of U.S. economic uncertainty, and estimate their interaction effects with monetary policy shocks as identified through structural vector autoregressions. We find that...

Persistent link: https://www.econbiz.de/10013073109

Macroeconomic Uncertainty and the Impact of Oil Shocks

Van Robays, Ine - 2014

This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a structural threshold VAR model, we endogenously identify different regimes of uncertainty in which we estimate the effects of oil demand and supply shocks. The results show that...

Persistent link: https://www.econbiz.de/10013065379

Macroeconomic Uncertainty and the Impact of Oil Shocks

Van Robays, Ine - 2014

Persistent link: https://www.econbiz.de/10013065408

Macroeconomic Uncertainty and the Impact of Oil Shocks

Van Robays, Ine - 2014

Persistent link: https://www.econbiz.de/10013065487

Changes in natural disaster risk : macroeconomic responses in selected Latin American countries

Isoré, Marlène - In: Economies : open access journal 6 (2018) 1, pp. 1-12

This paper studies the theoretical effects of changes in disaster risk on macroeconomic variables in five Latin … American economies. It compares country-specific variants of the New Keynesian model with disaster risk developed by Isoré and … less vulnerable to disaster risk shocks, as compared to Chile and Colombia in particular. Overall, the analysis suggests …

Persistent link: https://www.econbiz.de/10011853521

Monitoring Multicountry Macroeconomic Risk

Korobilis, Dimitris; Schröder, Maximilian - 2023

measures, resulting from the new model, can be used to implement joint risk scenario analysis …

Persistent link: https://www.econbiz.de/10014350458

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