Similar Search Results

Time variation in asset price response to macro announcements

Goldberg, Linda S.; Grisse, Christian - 2013

Although the effects of economic news announcements on asset prices are well established, theserelationships are unlikely to be stable. This paper documents the time variation in the responses of yield curves and exchange rates using high-frequency data from January 2000 through August 2011....

Persistent link: https://www.econbiz.de/10009787494

Covid-19, sovereign risk and monetary policy : evidence from the European Monetary Union

Karaman, Seçil Yıldırım - In: Central Bank review / Central Bank of the Republic of Turkey 22 (2022) 3, pp. 99-107

This paper investigates the impact of Covid-19 pandemic and monetary policy measures adopted by the European Central Bank (ECB) on the sovereign risk for the European Monetary Union (EMU) countries for the period between March-2020 and November-2020 using daily data. The impact of Covid-19 and...

Persistent link: https://www.econbiz.de/10013407190

Evaluating the unconventional monetary policy of the bank of Japan : a DSGE approach

Wang, Rui - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-18

pressure. Since February 1999, the Bank of Japan (BoJ) has conducted several unconventional monetary policy programs …

Persistent link: https://www.econbiz.de/10012588104

Using Stock Prices to Help Identify Unconventional Monetary Policy Shocks for External Instrument SVAR

Ma, Liang - 2022

In times when short-term policy rates are at or near the zero lower bound, central banks use unconventional policies such as forward guidance and quantitative easing to influence the slope of the yield curve. In this paper, we analyze the dynamic responses of key U.S. macroeconomic variables to...

Persistent link: https://www.econbiz.de/10014081729

ODI and home country's industrial upgrading : mechanism and preliminary evidence

Wei, Zhao; Dong, Jing - 2011

existing research and cases at sector level; c) evidence from China. Research shows that there are clear upgrading effects of … by the US was featured with efficiency priority, while that of Japan does so with structural adjustment priority. The … mechanism and channels through which the ODI imposes effects on home industries; upgrading in China are more extensive than that …

Persistent link: https://www.econbiz.de/10009153909

The impact of the ECB's quantitative easing policy on capital flows in the CESEE region

Bezhoska, Anita Angelovska; Mitreska, Ana; … - 2018

This paper attempts to empirically assess the impact of the ECB's quantitative easing policy on capital flows in the countries of the Central and South Eastern region. Given the tight trade and financial linkages of the region with the euro area, one should expect that the buoyant liquidity...

Persistent link: https://www.econbiz.de/10011874153

Capital Markets, COVID-19 and Policy Measures

ElFayoumi, Khalid; Hengge, Martina - 2021

The COVID-19 pandemic and associated policy responses triggered a historically large wave of capital reallocation between markets and asset classes. Using high-frequency country-level data, this paper examines if and how the number of COVID cases, the stringency of the lockdown, and the fiscal...

Persistent link: https://www.econbiz.de/10013234704

The effect of conventional and unconventional euro area monetary policy on macroeconomic variables

Halberstadt, Arne; Krippner, Leo - 2016

We investigate the e ect of monetary policy on European macroeconomic variables using a small-scale vector autoregression (VAR) and the "Effective Monetary Stimulus" (EMS). The EMS is a monetary policy metric obtained from yield curve data that is designed to consistently reflect the overall...

Persistent link: https://www.econbiz.de/10011578396

Unconventional monetary policy and the anchoring of inflation expectations

Ciccarelli, Matteo; Garcia, Juan Angel; Montes-Galdón, … - Task Force on Low Inflation (LIFT) - 2017

The paper studies how a prolonged period of subdued price developments may induce a de-anchoring of inflation expectations from the central bank's objective. This is shown within a framework where agents form expectations using adaptive learning, choosing among a set of alternative forecasting...

Persistent link: https://www.econbiz.de/10011636289

The macroeconomic effects of forward communication

Brubakk, Leif; Ellen, Saskia ter; Robstad, Ørjan; Xu, Hong - 2019

This paper provides an empirical assessment of the power of forward guidance at different horizons, shedding new light on the strength of the "forward guidance puzzle". Our identification strategy allows us to disentangle the change in future interest rates stemming from deviations from the...

Persistent link: https://www.econbiz.de/10012214409

1
2
3
4
5
6
7
8
9
10
Next
Last