Narrow search
Showing 1 - 10 of 8,198
Cover Image
News shock spillovers : how the euro area responds to expected fed policy
Rudel, Paul; Tillmann, Peter - 2024
Monetary policy increasingly relies on steering market expectations about future policy. This paper identifies a 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...
Persistent link: https://www.econbiz.de/10014637094
Cover Image
Exchange rate and price dynamics at the zero lower bound : conference paper
Bäurle, Gregor; Kaufmann, Daniel - 2013
permanent shifts of the exchange rate and the price level if a central bank anchors long-run inflation expectations. In line …
Persistent link: https://www.econbiz.de/10010340556
Cover Image
Investigating the zero lower bound on the nominal interest rate under financial instability
Carrillo, Julio A.; Poilly, Céline - 2014
bank to keep the nominal interest rate equal to zero (forward guidance) after a financial turmoil. Beyond that optimal …
Persistent link: https://www.econbiz.de/10010243420
Cover Image
Is bank resilience affected by unconventional monetary policy in the Euro area?
Avalos, Fernando; Mamatzakis, Emmanuel C. - In: Journal of international money and finance 130 (2023), pp. 1-31
Persistent link: https://www.econbiz.de/10014248788
Cover Image
The macroeconomic impact of unconventional monetary policy shocks
Meinusch, Annette; Tillmann, Peter - 2014
With the Federal Funds rate approaching the zero lower bound, the U.S. Federal Reserve adopted a range of unconventional monetary policy measures known as Quantitative Easing (QE). Quantifying the impact QE has on the real economy, however, is not straightforward as standard tools such as VAR...
Persistent link: https://www.econbiz.de/10010338158
Cover Image
The macroeconomic impact of unconventional monetary policy shocks : conference paper
Meinusch, Annette; Tillmann, Peter - 2014
With the Federal Funds rate approaching the zero lower bound, the U.S. Federal Reserve adopted a range of unconventional monetary policy measures known as Quantitative Easing (QE). Quantifying the impact QE has on the real economy, however, is not straightforward as standard tools such as VAR...
Persistent link: https://www.econbiz.de/10010482445
Cover Image
The transmission of interest rates shocks to Asia : are effects different below the zero lower bound?
Feldkircher, Martin; Huber, Florian; Pornpinun … - 2017
We use a non-linear factor-augmented vector-autoregressive model to evaluate international effects of an unexpected decrease in euro area policy rates. Given the current environment of ultra low or negative interest rates, we especially focus on potential differences in the transmission of the...
Persistent link: https://www.econbiz.de/10011621228
Cover Image
The effects of conventional and unconventional monetary policy : identification through the yield curve
Kortela, Tomi; Nelimarkka, Jaakko - 2020
Central Bank in conventional and unconventional monetary policy periods. According to the results, conventional interest rate …
Persistent link: https://www.econbiz.de/10012160681
Cover Image
Shocking interest rate floors
Canetg, Fabio; Kaufmann, Daniel - 2019
We identify the dynamic causal effects of interest rate floor shocks, exploiting regular auctions of Swiss central bank … debt securities (SNB Bills). A theoretical model shows that variation in the volume of, and yield on, central bank debt … changes the interest rate floor. In addition, the model establishes the equivalence between central bank debt and interest …
Persistent link: https://www.econbiz.de/10012006918
Cover Image
Shocking interest rate floors
Canetg, Fabio; Kaufmann, Daniel - 2019
We identify the dynamic causal effects of interest rate floor shocks, exploiting regular auctions of Swiss central bank … debt securities (SNB Bills). A theoretical model shows that variation in the volume of, and yield on, central bank debt … changes the interest rate floor. In addition, the model establishes the equivalence between central bank debt and interest …
Persistent link: https://www.econbiz.de/10012007704