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Risk sharing and monetary policy transmission

Hauptmeier, Sebastian; Holm-Hadulla, Fédéric; … - 2022

Using regionally disaggregated data on economic activity, we show that risk sharing plays a key role in shaping the … real effects of monetary policy. With weak risk sharing, monetary policy shocks trigger a strong and durable response in … output. With strong risk sharing, the response is attenuated, and output reverts to its initial level over the medium term …

Persistent link: https://www.econbiz.de/10013448692

Asymmetric contagion of jump risk in the Chinese financial sector : monetary policy transmission matters

Feng, Yun; Hou, Weijie; Song, Yuping - In: Economic modelling 119 (2023), pp. 1-18

Persistent link: https://www.econbiz.de/10014249431

Risk Sharing and Monetary Policy Transmission

Hauptmeier, Sebastian; Holm-Hadulla, Federic; Renault, … - 2022

Persistent link: https://www.econbiz.de/10014242298

OSE 3-month TONA futures and BOJ monetary policy

Stenfors, Alexis - 2024

Persistent link: https://www.econbiz.de/10015066043

The limits of forward guidance

Campbell, Jeffrey R.; Ferroni, Filippo; Fisher, Jonas D. M. - 2019

The viability of forward guidance as a monetary policy tool depends on the horizon over which it can be communicated and its influence on expectations over that horizon. We develop and estimate a model of imperfect central bank communications and use it to measure how effectively the Fed has...

Persistent link: https://www.econbiz.de/10011986452