Narrow search
Showing 1 - 10 of 10,888
Cover Image
Shaping the future : policy shocks and the GDP growth distribution
Boire, François-Michel; Duprey, Thibaut; Ueberfeldt, … - 2021 - Last updated: May 25, 2021
We incorporate quantile regressions into a structural vector autoregression model to empirically assess how monetary and fiscal policy influence risks around future GDP growth. Using a panel of six developed countries, we find that both policy instruments affect the location of the distribution...
Persistent link: https://www.econbiz.de/10012522864
Cover Image
The International Transmission of Volatility Shocks : An Empirical Analysis
Mumtaz, Haroon - 2012
estimate that a one standard deviation increase in the volatility of the shock to US real GDP leads to a decline in UK GDP …
Persistent link: https://www.econbiz.de/10013099667
Cover Image
The Impact of Chinese Monetary Policy Shocks on East Asia
Kozluk, Tomasz J.; Mehrotra, Aaron N. - 2008
We study the effects of Chinese monetary policy shocks on China's major trading partners in East Asia by estimating … importance of China for its neighboring economies and the significance of Chinese shocks for the design of monetary policy in … China leads to an increase in real GDP (temporary) and the price level (permanent) in a number of economies in our sample …
Persistent link: https://www.econbiz.de/10014217751
Cover Image
Equal Size, Equal Role? Interest Rate Interdependence between the Euro Area and the United States
Ehrmann, Michael; Fratzscher, Marcel - 2021
This paper investigates whether the degree of interdependence between the United States and the euro area economies has changed with the advent of EMU. It addresses this issue from the perspective of financial markets by analysing the effects of monetary policy and macroeconomic news on daily...
Persistent link: https://www.econbiz.de/10013319350
Cover Image
Equal Size, Equal Role? Interest Rate Interdependence between the Euro Area and the United States
Ehrmann, Michael; Fratzscher, Marcel - 2005
This paper investigates whether the degree and the nature of economic and monetary policy interdependence between the United States and the euro area have changed with the advent of EMU. Using real-time data, it addresses this issue from the perspective of financial markets by analysing the...
Persistent link: https://www.econbiz.de/10014071471
Cover Image
Weathering Global Shocks and Macrofinancial Vulnerabilities in Emerging Europe : Comparing Turkey and Poland
Eller, Markus - 2016
policy shock. Our Simulation results suggest that both Turkey and Poland exhibit pronounced short- to medium …
Persistent link: https://www.econbiz.de/10012993014
Cover Image
Output volatility, economic growth, and cross-country spillovers : new evidence for the G7 Countries
Antonakakis, Nikolaos; Badinger, Harald - 2012
This paper considers the linkages between output growth and output volatility for the sample of G7 countries over the period 1958M2-2011M7, thereby paying particular attention to spillovers within and between countries. Using the VAR-based spillover index approach by Diebold and Yilmaz (2012),...
Persistent link: https://www.econbiz.de/10011374341
Cover Image
Output volatility, economic growth, and cross-country spillovers : new evidence for the G7 countries
Antonakakis, Nikolaos; Badinger, Harald - 2012
Persistent link: https://www.econbiz.de/10009622257
Cover Image
Global growth on life support? : the contributions of fiscal and monetary policy since the global financial crisis
Baumann, Ursel; Lodge, David; Miescu, Mirela S. - 2019
This paper compares the role of monetary and fiscal policy shocks in advanced and emerging economies. Using a model with a hierarchical structure we capture the variability of GDP response to policy shocks both between and within the groups of advanced and emerging countries. Our results provide...
Persistent link: https://www.econbiz.de/10011987115
Cover Image
Inflation targets versus international monetary integration : a Canadian perspective
Laidler, David E. W. - 2002
The debate about Canadian-U.S. monetary integration is surveyed. The choice is among overall monetary orders,rather than exchange rate regimes and questions of policy credibility and political accountability are crucial. Canada's recent economic performance under inflation targets, and arguments...
Persistent link: https://www.econbiz.de/10011541166