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Monetary policy regimes : implications for the yield curve and bond pricing

Filipova, Kameliya; Audrino, Francesco; De Giorgi, Enrico - In: Journal of financial economics 113 (2014) 3, pp. 427-454

Persistent link: https://www.econbiz.de/10010495817

When to ease off the brakes (and hopefully prevent recessions)

Hastings, Harold M.; Young-Taft, Tai; Wang, Thomas - 2019

Increases in the federal funds rate aimed at stabilizing the economy have inevitably been followed by recessions. Recently, peaks in the federal funds rate have occurred 6-16 months before the start of recessions; reductions in interest rates apparently occurred too late to prevent those...

Persistent link: https://www.econbiz.de/10012006453

A monetary Minsky model of the Great Moderation and the Great Recession

Keen, Steve - In: Journal of economic behavior & organization : JEBO 86 (2013), pp. 221-235

Persistent link: https://www.econbiz.de/10009726189

The effectiveness of monetary policy instruments under dollarization : a cross-country analysis

Park, Hail; Son, Jong Chil - In: Asia-Pacific journal of accounting & economics : … 30 (2023) 4, pp. 1029-1046

Persistent link: https://www.econbiz.de/10014319637

Endogenous Growth, Monetary Shocks and Nominal Rigidities

Annicchiarico, Barbara; Pelloni, Alessandra; Rossi, Lorenza - 2010

We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow …: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …

Persistent link: https://www.econbiz.de/10010343890

Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area

Quint, Dominic; Rabanal, Pau - International Monetary Fund (IMF) - 2013

In this paper, we study the optimal mix of monetary and macroprudential policies in an estimated two-country model of the euro area. The model includes real, nominal and financial frictions, and hence both monetary and macroprudential policy can play a role. We find that the introduction of a...

Persistent link: https://www.econbiz.de/10010790358

Dating systemic financial stress episodes in the EU countries

Duprey, Thibaut; Klaus, Benjamin; Peltonen, Tuomo - 2016

This paper introduces a new methodology to date systemic financial stress events in a transparent, objective and reproducible way. The financial cycle is captured by a monthly country-specific financial stress index. Based on a Markov-switching model, high financial stress regimes are...

Persistent link: https://www.econbiz.de/10011441674

Forecasting euro area recessions by combining financial information

Bellégo, Christophe; Ferrara, Laurent - In: International journal of computational economics and … 7 (2017) 1/2, pp. 78-94

Persistent link: https://www.econbiz.de/10011713550

Modelo de ciclo de negocios real con dinero endógeno y política monetaria pasiva

Guberman, Carlos; Cymbler, David Ezequiel - In: Ciencias económicas : publicación semestral de … 12 (2015) 1, pp. 11-23

Persistent link: https://www.econbiz.de/10011776744

Noisy monetary policy

Dahlhaus, Tatjana; Gambetti, Luca - 2018

We introduce limited information in monetary policy. Agents receive signals from the central bank revealing new information ("news") about the future evolution of the policy rate before changes in the rate actually take place. However, the signal is disturbed by noise. We employ a non-standard...

Persistent link: https://www.econbiz.de/10011864556

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