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Open market operations as a monetary policy shock measure in a quantitative business cycle model
Heer, Burkhard; Schabert, Andreas - 2000
This paper presents a business cycle analysis of monetary policy shocks measured by disturbances to open market operations, i.e. the ratio of open market papers to non-borrowed reserves. We find empirical evidence for the usefulness of this policy measure, as it predicts significant declines in...
Persistent link: https://www.econbiz.de/10009780205
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Argentina's default and the lack of dire consequences
Baer, Werner; Margot, Diego; Montes-Rojas, Gabriel - In: Economia aplicada : EA 15 (2011) 1, pp. 131-146
Persistent link: https://www.econbiz.de/10009311506
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Understanding the Great Recession
Christiano, Lawrence J.; Eichenbaum, Martin S.; … - In: American economic journal : a journal of the American … 7 (2015) 1, pp. 110-167
Persistent link: https://www.econbiz.de/10010517106
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Labor market policies and the "missing deflation" puzzle : lessons from Hoover policies during the US Great Depression
Roulleau-Pasdeloup, Jordan; Zhutova, Anastasia - 2015
Persistent link: https://www.econbiz.de/10011313093
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Real effects of quantitative easing at the zero lower bound : structural VAR-based evidence from Japan
Schenkelberg, Heike; Watzka, Sebastian - In: Journal of international money and finance 33 (2013), pp. 327-357
Persistent link: https://www.econbiz.de/10009730706
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The empirical implications of the interest-rate lower bound
Gust, Christopher J.; López-Salido, José David; … - 2012
Persistent link: https://www.econbiz.de/10009715465
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Unconventional monetary policy and the Great Recession : estimating the macroeconomic effects of a spread compression at the zero lower bound
Baumeister, Christiane; Benati, Luca - In: International journal of central banking : IJCB 9 (2013) 2, pp. 165-217
Persistent link: https://www.econbiz.de/10009756916
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Understanding the Great Recession
Christiano, Lawrence J.; Eichenbaum, Martin S.; … - 2014
Persistent link: https://www.econbiz.de/10010356922
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Understanding the great recession
Christiano, Lawrence J.; Eichenbaum, Martin S.; … - 2014
Persistent link: https://www.econbiz.de/10010380674
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Escaping the Great Recession
Bianchi, Francesco; Melosi, Leonardo - 2014
Persistent link: https://www.econbiz.de/10010386125