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-19 pandemic. We attribute two thirds of the decline in 2020:Q1 GDP to a negative shock to aggregate demand. In contrast …, regarding the staggeringly large decline in GDP in 2020:Q2, we estimate two thirds of this shock was due to a reduction in … aggregate supply. Statistical analysis suggests a slow recovery due to a persistent effects of the supply shock, but surveys …
Persistent link: https://www.econbiz.de/10014048839
demand side we disentangle a monetary and non-monetary shock by restricting the response of the interest rate. The responses …
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It depends. We reply to this question by providing novel empirical evidence about the US economy. We identify the impact of financial high-frequency shocks on macroeconomic variables by estimating mixed- and common frequency VARs. The results from the mixed-frequency VAR show that economic...
Persistent link: https://www.econbiz.de/10014259910
It depends. We reply to this question by providing novel empirical evidence about the US economy. We identify the impact of financial high-frequency shocks on macroeconomic variables by estimating mixed- and common frequency VARs. The results from the mixed-frequency VAR show that economic...
Persistent link: https://www.econbiz.de/10014260203
Persistent link: https://www.econbiz.de/10014266805
Persistent link: https://www.econbiz.de/10014245126
through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …
Persistent link: https://www.econbiz.de/10013094653