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Monetary Policy Uncertainty and Economic Fluctuations at the Zero Lower Bound

Doehr, Rachel; Martínez-García, Enrique - 2022

We propose a TVP-VAR with stochastic volatility for the unemployment rate, core inflation and the federal funds rate … rise in monetary policy uncertainty increases unemployment and lowers core inflation; the effects on unemployment in … shocks) less effective at moving unemployment and core inflation. We also posit a theoretical model to provide the structural …

Persistent link: https://www.econbiz.de/10013313628

Monetary Policy Uncertainty and Economic Fluctuations at the Zero Lower Bound

Martínez-García, Enrique; Doehr, Rachel - 2021

Persistent link: https://www.econbiz.de/10013313883

Time-varying risk shocks and the zero lower bound

Strobel, Johannes; Lee, Gabriel S.; Salyer, Kevin Duff - 2019

This paper shows that increased volatility of Örm-level productivity can push the nominal interest rate to its lower bound with large amplification effects on macroeconomic aggregates. The framework combines a simple canonical Önancial accelerator model, time varying risk shocks, and a zero...

Persistent link: https://www.econbiz.de/10012231163

Macroprudential regulation in dynamic stochastic general equilibrium models

Körner, Jenny - 2017

Persistent link: https://www.econbiz.de/10012795357

TFP and the transmission of shocks : conference paper

Mayer, Eric; Rüth, Sebastian; Scharler, Johann - 2014

We show that TFP reacts counter-cyclically to macroeconomic shocks, which we identify by imposing sign restrictions. Counterfactual simulations, based on a New Keynesian DSGE model, show that firms manage to employ labor more efficiently during downturns, which leads to a muted drop in the...

Persistent link: https://www.econbiz.de/10010489298