Narrow search
Showing 1 - 10 of 313
Cover Image
Monetary policy during financial crises : is the transmission mechanism impaired?
Jannsen, Nils; Potjagailo, Galina; Wolters, Maik H. - 2015
We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR) model for 20 advanced economies. We interact all of the endogenous variables with financial crisis dummies, which are constructed using the narrative approach. We...
Persistent link: https://www.econbiz.de/10011309142
Cover Image
Monetary policy during financial crises : is the transmission mechanism impaired?
Jannsen, Nils; Potjagailo, Galina; Wolters, Maik H. - 2015
We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR) model for 20 advanced economies. We interact all of the endogenous variables with financial crisis dummies, which are constructed using the narrative approach. We...
Persistent link: https://www.econbiz.de/10011326584
Cover Image
Monetary policy during financial crises: Is the transmission mechanism impaired?
Jannsen, Nils; Potjagailo, Galina; Wolters, Maik H. - 2015
We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR) model for 20 advanced economies. We interact all of the endogenous variables with financial crisis dummies, which are constructed using the narrative approach. We...
Persistent link: https://www.econbiz.de/10011314555
Cover Image
Monetary policy during financial crises: Is the transmission mechanism impaired?
Jannsen, Nils; Potjagailo, Galina; Wolters, Maik H. - 2015
We study the macroeconomic effects of monetary policy during financial crises using a Bayesian panel vector autoregressive (PVAR) model for 20 advanced economies. We interact all of the endogenous variables with financial crisis dummies, which are constructed using the narrative approach. We...
Persistent link: https://www.econbiz.de/10011327305
Cover Image
The Varieties of Subjectivism: Keynes and Hayek on Expectations
Butos, William N.; Koppl, Roger G. - EconWPA - 1995
J.M. Keynes and F.A. Hayek had different economic ideas even though both were subjectivists seriously engaged with … between their philosophical ideas. Keynes was a Cartesian rationalist and justificationist; Hayek a critical rationalist and … non-justificationist. We draw on Keynes's "A Treatise on Probability," Hayek's "The Sensory Order," and other works to …
Persistent link: https://www.econbiz.de/10005076652
Cover Image
Financial instability and economic activity
Fortin, Ines; Hlouskova, Jaroslava; Sögner, Leopold - 2021
We estimate new indices measuring financial and economic (in)stability in Austria and in the euro area. Instead of estimating the level of (in)stability in a financial or economic system we measure the degree of predictability of (in)stability, where our methodological approach is based on the...
Persistent link: https://www.econbiz.de/10012792745
Cover Image
Financial instability and economic activity
Fortin, Ines; Hlouskova, Jaroslava; Sögner, Leopold - 2021
We estimate new indices measuring financial and economic (in)stability in Austria and in the euro area. Instead of estimating the level of (in)stability in a financial or economic system we measure the degree of predictability of (in)stability, where our methodological approach is based on the...
Persistent link: https://www.econbiz.de/10012795748
Cover Image
Central bank policies and financial markets : lessons from the Euro crisis
Mody, Ashoka; Nedeljkovic, Milan - 2018 - This version: November 20, 2018
The European Central Bank (ECB) took many measures to combat the eurozone's rolling financial crisis. For providing desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we identify financial markets' response to the...
Persistent link: https://www.econbiz.de/10011942687
Cover Image
The Achilles' heel of the mainstream explanations of the crisis and a post Keynesian alternative
Asensio, Angel - In: Journal of post-Keynesian economics : JPKE 36 (2013/14) 2, pp. 355-379
Persistent link: https://www.econbiz.de/10010253840
Cover Image
On Measuring Uncertainty: Snakes and Ladders
Junankar, Pramod N. (Raja) - 2016
The Global Crisis demonstrated to the world that Ratings Agencies had misled the public about the stability of financial institutions. The Finance literature had decided that it was impossible to have bubbles in financial markets and any surge in the stock market would be self-correcting. Recent...
Persistent link: https://www.econbiz.de/10011559672