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A monetary Minsky model of the Great Moderation and the Great Recession

Keen, Steve - In: Journal of economic behavior & organization : JEBO 86 (2013), pp. 221-235

Persistent link: https://www.econbiz.de/10009726189

Monetary policy regimes : implications for the yield curve and bond pricing

Filipova, Kameliya; Audrino, Francesco; De Giorgi, Enrico - In: Journal of financial economics 113 (2014) 3, pp. 427-454

Persistent link: https://www.econbiz.de/10010495817

When to ease off the brakes (and hopefully prevent recessions)

Hastings, Harold M.; Young-Taft, Tai; Wang, Thomas - 2019

Increases in the federal funds rate aimed at stabilizing the economy have inevitably been followed by recessions. Recently, peaks in the federal funds rate have occurred 6-16 months before the start of recessions; reductions in interest rates apparently occurred too late to prevent those...

Persistent link: https://www.econbiz.de/10012006453

The effectiveness of monetary policy instruments under dollarization : a cross-country analysis

Park, Hail; Son, Jong Chil - In: Asia-Pacific journal of accounting & economics : … 30 (2023) 4, pp. 1029-1046

Persistent link: https://www.econbiz.de/10014319637

Endogenous Growth, Monetary Shocks and Nominal Rigidities

Annicchiarico, Barbara; Pelloni, Alessandra; Rossi, Lorenza - 2010

We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …

Persistent link: https://www.econbiz.de/10010343890

Dating systemic financial stress episodes in the EU countries

Duprey, Thibaut; Klaus, Benjamin; Peltonen, Tuomo - 2016

This paper introduces a new methodology to date systemic financial stress events in a transparent, objective and reproducible way. The financial cycle is captured by a monthly country-specific financial stress index. Based on a Markov-switching model, high financial stress regimes are...

Persistent link: https://www.econbiz.de/10011441674

Financial intermediaries and the macroeconomy : evidence from a high-frequency identification

Ottonello, Pablo; Song, Wenting - 2022 - Last updated: May 20, 2022

We provide empirical evidence of the causal effects of changes in financial intermediaries' net worth on the aggregate economy. Our strategy identifies financial shocks as high-frequency changes in the market value of intermediaries' net worth in a narrow window around their earnings...

Persistent link: https://www.econbiz.de/10013252981

How to predict financial stress? : an assessment of Markov switching models

Duprey, Thibaut; Klaus, Benjamin - 2017

This paper predicts phases of the financial cycle by using a continuous financial stress measure in a Markov switching framework. The debt service ratio and property market variables signal a transition to a high financial stress regime, while economic sentiment indicators provide signals for a...

Persistent link: https://www.econbiz.de/10011697685

Noisy monetary policy

Dahlhaus, Tatjana; Gambetti, Luca - 2018

We introduce limited information in monetary policy. Agents receive signals from the central bank revealing new information ("news") about the future evolution of the policy rate before changes in the rate actually take place. However, the signal is disturbed by noise. We employ a non-standard...

Persistent link: https://www.econbiz.de/10011864556

Forecasting euro area recessions by combining financial information

Bellégo, Christophe; Ferrara, Laurent - In: International journal of computational economics and … 7 (2017) 1/2, pp. 78-94

Persistent link: https://www.econbiz.de/10011713550

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