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Doves for the rich, hawks for the poor? : distributional consequences of monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2016

frictions render labor-market risk countercyclical and endogenous to monetary policy. Our main result is that a majority of …

Persistent link: https://www.econbiz.de/10011563007

Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy

Gornemann, Nils - 2017

frictions render labor-market risk countercyclical and endogenous to monetary policy. Our main result is that a majority of …

Persistent link: https://www.econbiz.de/10013210409

Time-Varying Volatility, Precautionary Saving and Monetary Policy

Hatcher, Michael - 2011

-forming preferences raise risk aversion, increasing the importance of the precautionary savings channel through which volatility … savings is influenced by fluctuations in the volatilities of disturbances that hit the economy. It uses a simple New Keynesian …

Persistent link: https://www.econbiz.de/10013118950

Cyclical Risk Aversion, Precautionary Saving and Monetary Policy

De Paoli, Bianca - 2011

This paper analyses the conduct of monetary policy in an environment in which cyclical swings in risk appetite affect …

Persistent link: https://www.econbiz.de/10013127232

Doves for the rich, hawks for the poor? : distributional consequences of systematic monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2021

stabilization policy affects the distribution of income, income risks, and the demand for funds and supply of assets: the demand …, because matching frictions render idiosyncratic labor-market risk endogenous; the supply, because markups, adjustment costs …

Persistent link: https://www.econbiz.de/10012511775

Doves for the rich, hawks for the poor? : distributional consequences of monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2016

Persistent link: https://www.econbiz.de/10011494156

Monetary policy with heterogeneous risk

Monacelli, Tommaso; Colarieti, Roberto - 2022

Persistent link: https://www.econbiz.de/10012880098

Household excess savings and the transmission of monetary policy

Ferreira, Thiago R. T.; Gornemann, Nils; Ortiz, Julio L. - 2024

Persistent link: https://www.econbiz.de/10015075777

Show me the money : the monetary policy risk premium show me the money : the monetary policy risk premium

Ozdagli, Ali; Velikov, Mihail - 2016 - This version: December 2016

We study how monetary policy affects the cross-section of expected stock returns. For this purpose, we create a parsimonious monetary policy exposure (MPE) index based on observable firm characteristics that are theoretically linked to how firms react to monetary policy. We find that stocks...

Persistent link: https://www.econbiz.de/10011626785

Monetary Policy Through Production Networks : Evidence from the Stock Market

Ozdagli, Ali - 2017

Monetary policy shocks have a large impact on aggregate stock market returns in narrow event windows around press releases by the Federal Open Market Committee. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct (demand) effect and an indirect...

Persistent link: https://www.econbiz.de/10012953959