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Macroeconomic shocks and racial labour market differences in the U.S.
De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019
in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
Persistent link: https://www.econbiz.de/10012157899
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The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics
Christoffel, Kai Philipp - 2016
Persistent link: https://www.econbiz.de/10012991192
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The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics
Christoffel, Kai Philipp - 2006
persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation … cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions … employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to …
Persistent link: https://www.econbiz.de/10012783591
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Assessing labour market slack for monetary policy
Ens, Erik; Savoie-Chabot, Laurence; See, Kurt; Wee, Shu Lin - 2021
evaluate the level of disagreement between various labour market measures. Our exercise reveals that the COVID-19 shock has …
Persistent link: https://www.econbiz.de/10012695080
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Financial frictions, financial shocks, and aggregate volatility
Fuentes-Albero, Cristina - 2018 - This version: July 2018
The Great Moderation in the U.S. economy was accompanied by a widespread increase in the volatility of financial variables. We explore the sources of the divergent patterns in volatilities by estimating a model with time-varying financial rigidities subject to structural breaks in the size of...
Persistent link: https://www.econbiz.de/10012016100
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The aggregate and country-specific effectiveness of ECB policy : evidence from an external instruments (VAR) approach
Hafemann, Lucas; Tillman, Peter - 2017
identified monetary policy shock is then put into country-specific local projections in order to derive country-specific impulse …
Persistent link: https://www.econbiz.de/10011640188
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US financial shocks and the distribution of income and consumption in the UK
Mumtaz, Haroon; Theodoridis, Konstantinos - 2018
higher income and higher levels of consumption are affected more by this shock than households located towards the lower end … effect of this shock on aggregate output. …
Persistent link: https://www.econbiz.de/10011787854
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US financial shocks and the distribution of income and consumption in the UK
Mumtaz, Haroon; Theodoridis, Konstantinos - 2017
higher income and higher levels of consumption are affected more by this shock than households located towards the lower end … effect of this shock on aggregate output. …
Persistent link: https://www.econbiz.de/10011867783
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Financial frictions, financial shocks, and aggregate volatility
Fuentes-Albero, Cristina - 2012 - This vers.: January 2012
The two main empirical regularities regarding US postwar nominal and real business cycles are the Great Inflation and the Great Moderation. While the volatility of financial price variables also follows such pattern, financial quantity variables have experienced a continuous immoderation. We...
Persistent link: https://www.econbiz.de/10009489592
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U.S. monetary policy spillovers to emerging markets: both shocks and vulnerabilities matter
Ahmed, Shaghil; Akinci, Ozge; Queralto, Albert - 2021
We explore how the sources of shocks driving interest rates, country vulnerabilities, and central bank communications affect the spillovers of U.S. monetary policy changes to emerging market economies (EMEs). We utilize a two-country New Keynesian model with financial frictions and partly...
Persistent link: https://www.econbiz.de/10012584356