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. By comparison with the Fed, the ECB followed a more measured course of action. We use an estimated dynamic general …
Persistent link: https://www.econbiz.de/10012776610
. By comparison with the Fed, the ECB followed a more measured course of action. We use an estimated dynamic general …
Persistent link: https://www.econbiz.de/10012465125
monetary policy news shock based on a VAR model. A monetary news shock is equivalent to new information about the Fed's future … monetary policy becoming available today. One example of a monetary news shock is a forward guidance announcement, where the … shocks. We estimate the response of the euro area to an expected future policy tightening of the Fed. The U.S. news shock …
Persistent link: https://www.econbiz.de/10014637094
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interest rates that is associated with a negative Delphic (Odyssean) shock is perceived as being contractionary (expansionary …
Persistent link: https://www.econbiz.de/10012136948
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Persistent link: https://www.econbiz.de/10002554857
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10013137108
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10013319078
Persistent link: https://www.econbiz.de/10014466339