Similar Search Results

Unobserved components model(s) : output gaps and financial cycles

Guillochon, Justine; Le Roux, Julien - 2023

The Global Financial Crisis established that policymakers should consider the stage of the financial cycle to better evaluate the cyclical position of the economy when designing monetary policy decisions. If financial variables are omitted from the estimations of the output gap, a common and...

Persistent link: https://www.econbiz.de/10014343145

Unobserved Components Model(s) : Output Gaps and Financial Cycles

Guillochon, Justine; Le Roux, Julien - 2023

Persistent link: https://www.econbiz.de/10014353253

Medium-term forecasts of potential GDP and inflation using age structure information

Lindh, Thomas - 1999

Economic behavior as well as economic resources of individuals vary with age. Swedish time series show that the age structure of the population contains information correlated to medium-term trends in growth, inflation and other macroeconomic data. GDP gaps estimated by age structure regressions...

Persistent link: https://www.econbiz.de/10011583438

Some further evidence on interest-rate smoothing : the role of measurement errors in the output gap

Apel, Mikael; Jansson, Per - 2005

It has been suggested that interest-rate smoothing may be partly explained by an omitted variable that relates to conditions in financial markets. We propose an alternative interpretation that suggests that it relates to measurement errors in the output gap.

Persistent link: https://www.econbiz.de/10011583875

Default risk premium and aggregate fluctuations in a small open economy

Çakıcı, S. Meral - 2011

This study investigates the implications of risk premium shocks for aggregate fluctuations in a small open economy with financial and informational frictions. A dynamic, stochastic, general equilibrium framework is developed, where the informational asymmetries among the agents in the model and...

Persistent link: https://www.econbiz.de/10009377295

Bank-specific shocks and the real economy

Buch, Claudia M.; Neugebauer, Katja - 2010

Government interventions into the financial system in the form of bail out operations or liquidity assistance are often justified with the systemic importance of large banks for the real economy. In this paper, we test whether idiosyncratic shocks to loan growth at large banks have effects on...

Persistent link: https://www.econbiz.de/10011389111

The Enigma of Non-Interest Income Convergence

Antzoulatos, Angelos A. - 2011

-processing-technology and finance theory, created severe competitive pressures on both the asset and liability sides of bank balance sheets and … aforementioned common competitive pressures dominated the bank-specific and country-specific factors that affect the composition of … bank income. Among the policy implications, the systemic risk on a global scale is likely to be greater than that indicated …

Persistent link: https://www.econbiz.de/10013134632

Banking Panics and Output Dynamics

Sanches, Daniel R. - 2017

This paper develops a dynamic general equilibrium model with an essential role for an illiquid banking system to investigate output dynamics in the event of a banking crisis. In particular, it considers the ex-post efficient policy response to a banking crisis as part of the dynamic equilibrium...

Persistent link: https://www.econbiz.de/10012950505

Determinants of short-term debt

Buch, Claudia M. - 2000

Persistent link: https://www.econbiz.de/10013261094

Determinants of short-term debt

Buch, Claudia M.; Lusinyan, Lusine - 2000

One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...

Persistent link: https://www.econbiz.de/10011472278