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This paper estimates monetary policy shocks for Sweden between 1996-2019. I employ the Romer and Romer (2004) (R …
Persistent link: https://www.econbiz.de/10013375212
We estimate the effects of domestic and foreign quantitative easing (QE) programmes on a small open economy, Sweden … in ation are less clear. The ECB QE had large positive effects on both GDP and in ation in Sweden, also due to the …
Persistent link: https://www.econbiz.de/10012520274
This paper examines the relationship between financial instability and monetary policy within the Swedish economy. Based on a standard VAR model of monetary policy extended to include measures of financial instability and credit expansions, we examine the interaction between monetary policy and...
Persistent link: https://www.econbiz.de/10011584566
This paper estimates the interaction between monetary- and fiscal policy using a structural VAR model with time-varying parameters. For demand and supply shocks, the two policies are estimated to be complementary, while for monetary and fiscal policies shocks the two policies act as substitutes....
Persistent link: https://www.econbiz.de/10011990029
selected European economies - the Czech Republic, Poland and Sweden - on the global shocks controlling for the domestic … determined by the cyclical movements of the domestic output gap with the commodity shock being also the important source of … inflation variability while for the third country the contribution of the commodity shock dominates over the output gap in …
Persistent link: https://www.econbiz.de/10012987483
straightforward evalution of the posterior distribution. The methods are used to analyse the effects of monetary policy in Sweden …
Persistent link: https://www.econbiz.de/10013319557
Persistent link: https://www.econbiz.de/10011585032
order to identify the effect of monetary policy and risk premium shocks. Estimates from the same model for Canada, Sweden … of risk premium shock renders it almost impossible for the interest rate policy to smooth the exchange rate with the aim …
Persistent link: https://www.econbiz.de/10003935145
This paper evaluates the macroeconomic effects of foreign and domestic central bank government bond purchases on the Swedish economy before and during the Corona pandemic using a small open economy DSGE model with segmented asset markets. In this model, the effects of foreign and domestic...
Persistent link: https://www.econbiz.de/10014232954
exchange rate following a certain exogenous shock, with a structural econometric approach using data for Sweden, a small …The pass-through from exchange rate changes to inflation differs depending on the underlying shock. This paper … shock is rather small. Importantly, this shock is not the most important driver of exchange rate fluctuations, unlike what …
Persistent link: https://www.econbiz.de/10011806006