Narrow search
Showing 1 - 10 of 34,605
Cover Image
Chapter 18. Macro, Money, and Finance : A Continuous-Time Approach
Brunnermeier, M.K.; Sannikov, Y. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 1497-1545). 2016
(1) level and risk dynamics. The latter includes (2) tail risk and crisis probability as well as (3) the Volatility …) undercapitalized sectors (8) time-varying risk premia, and (9) the external funding premium are part of the analysis. Financial …
Persistent link: https://www.econbiz.de/10014024265
Cover Image
Interactions between financial markets and macroeconomic variables in EU : a nonlinear modeling approach
Albu, Lucian-Liviu; Lupu, Radu; Călin, Adrian Cantemir - 2015
There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
Persistent link: https://www.econbiz.de/10011480254
Cover Image
Interest rate uncertainty as a policy tool
Ghironi, Fabio; Ozhan, G. Kemal - 2020 - Last updated: April 16, 2020
discourages short-term inflows mainly through portfolio risk and precautionary saving channels. A markup channel generates net FDI … irreversibility of FDI, the currency of export invoicing, risk aversion of outside agents, and effective lower bound in the rest of …
Persistent link: https://www.econbiz.de/10012201386
Cover Image
The global financial cycle and macroeconomic tail risks
Beutel, Johannes; Emter, Lorenz; Metiu, Norbert; … - 2022
We study the link between the global financial cycle and macroeconomic tail risks using quantile vector autoregressions. Contractionary shocks to financial conditions and monetary policy in the United States cause elevated downside risks to growth around the world. By tightening financial...
Persistent link: https://www.econbiz.de/10013459721
Cover Image
Uncertainty shocks, banking frictions, and economic activity
Bonciani, Dario; Roye, Björn van - 2013
In this paper we investigate the effects of uncertainty shocks on economic activity using a Dynamic Stochastic General Equilibrium (DSGE) model with heterogenous agents and a stylized banking sector. We show that frictions in credit supply amplify the effects of uncertainty shocks on economic...
Persistent link: https://www.econbiz.de/10009761866
Cover Image
Financial vs. Policy Uncertainty in Emerging Economies
Choi, Sangyup - 2018
market volatility—and that of policy uncertainty shocks on the economy. We find that financial uncertainty shocks have much …
Persistent link: https://www.econbiz.de/10012935309
Cover Image
Spillover effects of unconventional monetary policy on capital markets in the shadow of the Eurozone: a sample of non-Eurozone countries
Mészáros, Mercédesz; Kiss, Gábor Dávid - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 2, pp. 171-195
determines the variables which are responsible for volatility: the activities of international financial institutions (like the …
Persistent link: https://www.econbiz.de/10012242342
Cover Image
The transmission of US economic policy uncertainty shocks to Asian and global financial markets
Kido, Yosuke - In: The North American journal of economics and finance : a … 46 (2018), pp. 222-231
Persistent link: https://www.econbiz.de/10012036619
Cover Image
The simpler, the better : measuring financial conditions for monetary policy and financial stability
Arrigoni, Simone; Bobasu, Alina; Venditti, Fabrizio - 2021
based on their ability to capture tail risk for economic activity and to predict banking and currency crises. We find that …
Persistent link: https://www.econbiz.de/10012653846
Cover Image
The simpler the better : measuring financial conditions for monetary policy and financial stability
Arrigoni, Simone; Bobasu, Alina; Venditti, Fabrizio - 2020
In this paper we assess the merits of financial condition indices constructed using simple averages versus a more sophisticated alternative that uses factor models with time varying parameters. Our analysis is based on data for 18 advanced and emerging economies at a monthly frequency covering...
Persistent link: https://www.econbiz.de/10012259350