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The Global Effects of U.S. Monetary Policy on Equity and Bond Markets : A Spatial Panel Data Model Approach

Lu, Lina - 2020

We use spatial panel data model analysis to study the international transmission of U.S. monetary policy shocks in the …

Persistent link: https://www.econbiz.de/10012845434

Parameter heterogeneity, persistence and cross-sectional dependence : new insights on fiscal policy reaction functions for the Euro area

Golinelli, Roberto; Mammi, Irene; Musolesi, Antonio - 2018 - This version: March 31st, 2018

heterogeneous dynamic panels with cross-sectional dependence and propose a new parsimonious approach. Using real-time data over the …. We find evidence of strong cross-sectional dependence in the panel, and clear support to a valid cointegration …

Persistent link: https://www.econbiz.de/10011813607

Are Central Bankers Inflation Nutters? A Bayesian MCMC Estimator of the Long Memory Parameter in a State Space Model

Andersson, Fredrik - 2014

Several central banks have adopted inflation targets. The implementation of these targets is flexible; the central banks aim to meet the target over the long term but allow inflation to deviate from the target in the short-term in order to avoid unnecessary volatility in the real economy. In this...

Persistent link: https://www.econbiz.de/10013040585

Some variables are more worthy than others : new diffusion index evidence on the monitoring of key economic indicators

Armah, Nii Ayi; Swanson, Norman R. - 2011

Central banks regularly monitor select financial and macroeconomic variables in order to obtain early indication of the impact of monetary policies. This practice is discussed on the Federal Reserve Bank of New York website, for example, where one particular set of macroeconomic "indicators" is...

Persistent link: https://www.econbiz.de/10009130538

Zero Lower Bound Monetary Policy's Effect on Financial Asset's Correlations

Rogers, Karl - 2020

We investigate the hypothesis that zero lower bound monetary policy has an effect on the correlations of financial assets. Using an event-study approach, we evaluate the impact of the zero lower bound monetary policies of the Bank of Japan, the Bank of England, and the Federal Reserve on the...

Persistent link: https://www.econbiz.de/10012830928

Schüler, Yves S. - 2018

I show that the detrending of financial variables with the Hodrick and Prescott (1981, 1997) (HP) and band-pass filters leads to spurious cycles. I find that distortions become especially severe when considering medium-term cycles, i.e., cycles that exceed the duration of regular business...

Persistent link: https://www.econbiz.de/10011813473

Determinants of trust in the European Central Bank

Fischer, Justina A. V. (contributor); … - 2008

1999-2004. Using a country panel based on the Eurobarometer survey, we find that higher inflation rates reduce trust. Thus …, tend to decrease trust. -- ECB ; trust ; European Union ; Eurobarometer ; panel data ; behavioral economics …

Persistent link: https://www.econbiz.de/10003666281

A Vectorautoregressive Investment Model (VIM) and monetary policy transmission : panel evidence from German firms

Breitung, Jörg; Chirinko, Robert S.; Kalckreuth, Ulf von - 2003

investment spending as a VAR. Based on a panel of financial statement data for 6,408 German firms (44,345 datapoints … substantive conclusions, this paper demonstrate that the panel VAR approach is useful for modeling firm dynamics and real …. Auf der Grundlage eines Panels von Jahresabschlüssen für 6,409 deutsche Firmen (44 345 Datenpunkte), erweitert um …

Persistent link: https://www.econbiz.de/10011432001

Deflation and economic growth in long-term perspective

Ryska, Pavel - 2014

to explore the relationship between prices and output in a more comprehensive way, I use a large panel data set of 19 …

Persistent link: https://www.econbiz.de/10010358347

The Quality of Monetary Policy and Inflation Performance : Globalization and its Aftermath

Siklos, Pierre L. - 2010

With a few unfortunate exceptions the last three decades has seen reductions in inflation round the world to the point that many would argue that further improvements in price stability would offer only limited welfare gains. This experience is the result of many factors, some of which are...

Persistent link: https://www.econbiz.de/10013150985

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