We propose a TVP-VAR with stochastic volatility for the unemployment rate, core inflation and the federal funds rate … rise in monetary policy uncertainty increases unemployment and lowers core inflation; the effects on unemployment in … particular are robust (a gradual 0.4 percentage point increase), lasting more than two years after the initial shock. Interest …

We propose a TVP-VAR with stochastic volatility for the unemployment rate, core inflation and the federal funds rate … rise in monetary policy uncertainty increases unemployment and lowers core inflation; the effects on unemployment in … particular are robust (a gradual 0.4 percentage point increase), lasting more than two years after the initial shock. Interest …

business cycle features for each country. Third, the introduction of different oil shock specifications is never rejected …. Fourth, positive oil price changes, net oil price increases and oil price volatility are the oil shock definitions which …

policy shocks (money supply-interest rate induced) on economic growth in Ghana. We realized that, a shock on interest rate … paradoxical effect of a negative interest rate on total money supply. We also showed that a positive output shock has the same … effect on consumption, investment, prices and wages as in the case of interest rate shock …

and apply it to study the macroeconomic effects of the Covid shock. The initial outbreak is represented as the onset of a … new shock process where the shock loads on wedges associated with the model's usual shocks. Realizations of the Covid … shock come with news about its propagation, allowing us to disentangle the role of beliefs about the future of the pandemic …

We use a simple New Keynesian model, with firm specific capital, non-zero steady-state inflation, long-run risks and … Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … rate by 150 basis points causes output and inflation volatility to rise around 10% above their steady-state standard …

citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …

citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … recession implied by the COVID-19 pandemic. Interestingly, even though inflation rates in Germany have been clearly below 2% for … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …

increase after a positive shock to core inflation uncertainty in a vector autoregression. Endogenous changes in household … inflation expectations help to understand the transmission mechanism through which an inflation uncertainty shock generates …The uncertainty of U.S. core inflation, measured by the stochastic volatility of forecast errors, has soared to a level …