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Structural Transformation, Services Deepening, and the Transmission of Monetary Policy
Galesi, Alessandro - 2016
Advanced economies are undergoing a structural transformation from manufacturing to services. We document that … structural change comes with a process of services deepening: over time, both services and manufacturing become more intensive in … service inputs. We argue that structural transformation and services deepening affect the transmission of monetary policy by …
Persistent link: https://www.econbiz.de/10012986126
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The effects of monetary policy on consumption : workers vs. retirees
Kim, Myunghyun; Song, Sang-yoon - In: Journal of macroeconomics 74 (2022), pp. 1-15
Persistent link: https://www.econbiz.de/10013472119
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Services deepening and the transmission of monetary policy
Galesi, Alessandro; Rachedi, Omar - In: Journal of the European Economic Association : JEEA 17 (2019) 4, pp. 1261-1293
Persistent link: https://www.econbiz.de/10012161994
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Three essays on external debt, fiscal and monetary policy issues
Fracasso, Andrea - 2007
Persistent link: https://www.econbiz.de/10003639957
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Innocent bystanders? : monetary policy and inequality in the US
Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009548662
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Innocent bystanders? : monetary policy and inequality in the U.S.
Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012
We study the effects and historical contribution of monetary policy shocks to consumption and income inequality in the United States since 1980. Contractionary monetary policy actions systematically increase inequality in labor earnings, total income, consumption and total expenditures....
Persistent link: https://www.econbiz.de/10009621686
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Monetary policy and asset valuation : evidence from a Markov-switching cay
Bianchi, Francesco; Lettau, Martin; Ludvigson, Sydney C. - 2016
Persistent link: https://www.econbiz.de/10011540476
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Innocent bystanders? : monetary policy and inequality in the US
Coibion, Olivier; Gorodnichenko, Yuriy; Küng, Lorenz; … - 2012
Persistent link: https://www.econbiz.de/10009562274
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Essays in econometrics and macroeconomics
Tenhofen, Jörn - 2011
Persistent link: https://www.econbiz.de/10009422862
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Monetary policy, housing, and collateral constraints
Franz, Thorsten - 2019
House-purchasing decisions and the possibility of existing homeowners to tap into their housing equity depend decisively on prevailing loan-to-value (LTV) ratios in mortgage markets with borrowing constrained households. Utilizing a smooth transition local projection (STLP) approach, I show that...
Persistent link: https://www.econbiz.de/10011963152