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Uncertainty about Federal Reserve policy and Its transmission to emerging economies : evidence from Twitter
Tillmann, Peter - 2016
It is well known that a tightening or easing of the United States' monetary policy affects financial markets in emerging economies. This paper argues that uncertainty about future monetary policy is a separate transmission channel. We focus on the taper tantrum episode in 2013, a period with an...
Persistent link: https://www.econbiz.de/10011546623
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Do SVARs with Sign Restrictions not Identify Unconventional Monetary Policy Shocks?
Boeckx, Jef - 2019
A growing empirical literature has shown, based on structural vector autoregressions (SVARs) identified through sign restrictions, that unconventional monetary policies implemented after the outbreak of the Great Financial Crisis (GFC) had expansionary macroeconomic effects. In a recent paper,...
Persistent link: https://www.econbiz.de/10012867387
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Fluctuations in Economic Uncertainty and Transmission of Monetary Policy Shocks : Evidence Using Daily Surveys from Brazil
Burjack, Rafael - 2019
economic uncertainty, term premia, inflation expectations, and bond yields in Brazil. We find strong evidence that inflation … premia in Brazil through elevated exchange rate risk …
Persistent link: https://www.econbiz.de/10012860102
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Bank Risks, Monetary Shocks and the Credit Channel in Brazil : Identification and Evidence from Panel Data
Ramos-Tallada, Julio - 2015
channel (BLC) of monetary transmission in Brazil between 1995 and 2012. I extend the standard empirical approach in two main …
Persistent link: https://www.econbiz.de/10013023320
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Aggregate shocks and the Brazilian housing market dynamics
Silva, Marcelo Eduardo Alves da; Besarria, Cássio da … - In: Economia : revista da ANPEC 20 (2019) 2, pp. 121-137
) model estimated for Brazil. The empirical results show that the housing market responds positively to aggregate productivity … shocks, while a contractionary monetary policy shock depress housing output, demand and prices. Additionally, we find …
Persistent link: https://www.econbiz.de/10012171072
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Ganando grados de libertad : el manejo de la política monetaria en LATAM-5
Basco, Emiliano; Katz, Sebastián; Libonatti, Luis - 2023 - Esta versión: Noviembre 2023
By examining the reaction functions of the Central Banks of Brazil, Chile, Colombia, Mexico, and Peru (LATAM-5) over …
Persistent link: https://www.econbiz.de/10014433825
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Monetary and Fiscal Complementarity in the Covid-19 Pandemic
Chadha, Jagjit; Corrado, Luisa; Meaning, Jack; Schuler, … - 2021
In response to the coronavirus (Covid-19) pandemic, there has been a complementary approach to monetary and fiscal policy in the United States with the Federal Reserve System purchasing extraordinary quantities of securities and the government running a deficit of some 17% of projected GDP. The...
Persistent link: https://www.econbiz.de/10013210564
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Is the monetary policy rate effective? : recent evidence from Ghana
Akosah, Nana K. - 2015
contemporaneously to output and inflationary pressures. Inflation is mostly driven by interest rate shock over the medium to long term …, pointing to an impact of monetary policy. In the short term, however, exchange rate shock has relatively larger influence on …
Persistent link: https://www.econbiz.de/10011326532
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Using financial markets to estimate the macro effects of monetary policy : an impact-identified FAVAR
Pitschner, Stefan - 2013
In this paper, I use high-frequency financial market estimates to identify the monetary policy shock in a non …
Persistent link: https://www.econbiz.de/10009760371
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Monetary policy and the current account : theory and evidence
Hjortsoe, Ida; Weale, Martin; Wieladek, Tomasz - 2016
monetary policy shock depends on the degree of economic regulation in different markets. In particular, financial (product …
Persistent link: https://www.econbiz.de/10011436615