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Colombia and the Coffee Export Upsurge During the 1920's Decade. V. 'Macroeconomic Policy Reactions Against the 1930's Crisis'
Pérez-Toro, José - 1999
expansion of the coffee industry, the Panama Reparation, the increase of foreign direct investment and credit obtained abroad …. From 1925-1929 alone coffee revenues represented US$ 500 million, Panama Reparation and direct foreign investment US$ 200 … market mechanisms in Colombia figure much larger at present dollar value. The paper attempts to explain what under those …
Persistent link: https://www.econbiz.de/10014180665
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Three essays in macroeconomics
DiCecio, Riccardo - 2004
Persistent link: https://www.econbiz.de/10003386863
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A Welfare Evaluation of East Asian Monetary Policy Regimes Under Foreign Output Shock
Alba, Joseph D. - 2012
Adverse foreign output shocks have a sizable impact on the welfare of small open economies. Therefore, one of the key roles of monetary policy in those economies is to minimize the welfare losses arising from such shocks. To assess the welfare impact of external shocks under different monetary...
Persistent link: https://www.econbiz.de/10013102797
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Identification with external instruments in structural VARs
Miranda-Agrippino, Silvia; Ricco, Giovanni - 2022
Persistent link: https://www.econbiz.de/10013199501
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Identification with external instruments in Structural VARs under partial invertibility
Miranda-Agrippino, Silvia; Ricco, Giovanni - 2018
Persistent link: https://www.econbiz.de/10012052046
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Monetary policy, external instruments and heteroskedasticity
Podstawski, Maximilian; Schlaak, Thore; Rieth, Malte - 2018
We develop a vector autoregressive framework for combining the information in an external instrument with the information in the second moments of the data to identify latent monetary shocks in the United States. We show that the framework improves the identification of the structural model and...
Persistent link: https://www.econbiz.de/10011880710
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Identification with external instruments in structuralvars under partial invertibility
Miranda-Agrippino, Silvia; Ricco, Giovanni - 2019 - Revised 5th July 2019
Persistent link: https://www.econbiz.de/10012170481
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Monetary policy, external instruments and heteroskedasticity
Rieth, Malte; Schlaak, Thore; Podstawski, Maximilian - 2019 - This version: February 1, 2019
We develop a vector autoregressive framework that combines an external instrument and heteroskedasticity for the identification of monetary policy shocks. We show that exploiting both types of information sharpens structural inference, allows testing both the relevance and exogeneity condition...
Persistent link: https://www.econbiz.de/10012041145
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Identification of Forward Guidance Shocks with External Instrument SVAR
Kim, Kyungmin - 2017
We identify forward guidance shocks using external instrument structural vector autoregression (SVAR). Contractionary forward guidance shocks raise both future output and price level, and this suggests that monetary policy announcements affect the expected future rate path mainly by revealing...
Persistent link: https://www.econbiz.de/10012947559
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The Differential Sectoral Effects of Policy Shocks : Evidence from Turkey
Berument, Hakan - 2018
This study is an assessment of the different ways in which various shocks affect the industrial sectors of an economy. Specifically, we examine how production in various industrial sectors are affected by interest rates, as well as exchange rates, money aggregates, aggregated industrial...
Persistent link: https://www.econbiz.de/10012915151