Showing 1 - 10 of 3,296
Persistent link: https://www.econbiz.de/10013175582
measure beliefs about the effects of macroeconomic shocks on unemployment and inflation, providing respondents with identical …,500 US households and 1,500 experts, beliefs are widely dispersed, even about the directional effects of shocks, and there are … large differences in average beliefs between households and experts. Part of this disagreement seems to arise from selective …
Persistent link: https://www.econbiz.de/10012663050
We use survey data to study how consumers assess the macroeconomic effects of structural oil market shocks on the U.S. economy using vector autoregressive models. To structurally decompose oil price changes, we impose sign restrictions on impulse responses. We find that the survey respondents'...
Persistent link: https://www.econbiz.de/10011875751
most impacted by a shock to economic uncertainty. Statistically significant declines are observed for investment, output …
Persistent link: https://www.econbiz.de/10012857770
This work assesses the impact of monetary policy shocks on the extension of bank credit by local banks and foreign banks in general. We however employ the impulse response functions and the variance decomposition analysis as part of our study in assessing the responses of these types of...
Persistent link: https://www.econbiz.de/10012894031
This paper explores the effect of news shocks on the current account and other macroeconomic variables using worldwide giant oil discoveries as a directly observable measure of news shocks about future output - the delay between a discovery and production is on average 4 to 6 years. We first...
Persistent link: https://www.econbiz.de/10013011202
Researchers use (quasi-)experimental methods to estimate how shocks affect directly treated firms and households. Such methods typically do not account for general equilibrium spillover effects. I outline a method that estimates spillovers operating among groups of firms and households. I argue...
Persistent link: https://www.econbiz.de/10013239052
estimates of firm responses suggest that Belgian firms pass on a large share of a foreign demand shock to their domestic …
Persistent link: https://www.econbiz.de/10013365085
Persistent link: https://www.econbiz.de/10000931433
This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure recently proposed by Cochrane yielding the response of output to an anticipated monetary policy impulse, we show that in the past twenty years anticipated monetary...
Persistent link: https://www.econbiz.de/10011538850