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Identifying SVARS from Sparse Narrative Instruments : Dynamic Effects of U.S. Macroprudential Policies
Budnik, Katarzyna Barbara - 2020
We study the identification of policy shocks in Bayesian proxy VARs for the case that the instrument consists of sparse qualitative observations indicating the signs of certain shocks. We propose two identification schemes, i.e. linear discriminant analysis and a non-parametric sign concordance...
Persistent link: https://www.econbiz.de/10012844716
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Identifying SVARs from sparse narrative instruments : dynamic effects of U.S. macroprudential policies
Budnik, Katarzyna; Rünstler, Gerhard - 2020
We study the identification of policy shocks in Bayesian proxy VARs for the case that the instrument consists of sparse qualitative observations indicating the signs of certain shocks. We propose two identification schemes, i.e. linear discriminant analysis and a non-parametric sign concordance...
Persistent link: https://www.econbiz.de/10012138603
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How Do U.S. Firms Withstand Foreign Industrial Policies?
Cen, Xiao; Fos, Vyacheslav; Jiang, Wei - National Bureau of Economic Research - 2024
China's industrial policies ("Five-Year Plans") displace U.S. production/employment and heighten plant closures in the same industries as those targeted by the policies in China. The impact was not anticipated by the stock market, but U.S. companies in the "treated industries" suffer a valuation...
Persistent link: https://www.econbiz.de/10014544690
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Cross-region transfers in a monetary union : evidence from the US and some implications
Pennings, Steven - 2020
US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
Persistent link: https://www.econbiz.de/10012241154
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COVID-19 and Exchange Rates : Spillover Effects of U.S. Monetary Policy
Yilmazkuday, Hakan - 2020
emerging markets during the Coronavirus Disease 2019 (COVID-19). The investigation is achieved by a structural vector …. The results suggest that one percent of a negative shock on the U.S. federal funds rate results in about 12% (14%) of a … that the U.S. monetary policy shock explains about 20% of the exchange rate volatility for the average country, with a …
Persistent link: https://www.econbiz.de/10012833773
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Norwegian and U.S. policies alleviate business vulnerability due to the COVID-19 shock equally well
Alstadsæter, Annette; Bjørkheim, Julie Brun; Kopczuk, … - In: National tax journal 73 (2020) 3, pp. 805-828
Persistent link: https://www.econbiz.de/10012590569
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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 …
Persistent link: https://www.econbiz.de/10012617082
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Monetary and fiscal complementarity in the Covid-19 pandemic
Chadha, Jagjit; Corrado, Luisa; Meaning, Jack; Schuler, … - In: Covid economics : vetted and real-time papers (2021) 81, pp. 76-117
Persistent link: https://www.econbiz.de/10012603269
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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 …
Persistent link: https://www.econbiz.de/10013210564
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Credit Portfolio Convergence in U.S. Banks Since the COVID-19 Shock
Hawley, Andrew; Wang, Ke - 2021
The COVID-19 pandemic has materially affected U.S. consumer behavior and business operations in many important aspects. This note focuses on the changes in banks’ balance sheets and demonstrates how we could apply a novel measure of portfolio similarity to balance sheet data and assess the...
Persistent link: https://www.econbiz.de/10013313128