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Saving Euro by Dividing Europe in Multiple OCAs

Dapontas, Dimitrios - In: Acta Universitatis Danubius. OEconomica (2013) 9(2), pp. 107-119

asymmetries lead to the crisis persist in a possible two or more “euros” area and this scenario cost is higher than union …

Persistent link: https://www.econbiz.de/10010659093

Interest rates, government purchases and the Taylor rule in recessions and expansions

López-Villavicencio, Antonia - In: Journal of Macroeconomics 38 (2013) PB, pp. 382-392

In this paper we study asymmetries in the Taylor rule for the United States during the 1970–2012 period. We show that …

Persistent link: https://www.econbiz.de/10011065304

Asymmetric monetary policy towards the stock market: A DSGE approach

Ravn, Søren Hove - In: Journal of Macroeconomics 39 (2014) PA, pp. 24-41

policymakers to correct for inherent asymmetries in the way stock price movements affect the macroeconomy. …

Persistent link: https://www.econbiz.de/10011065334

Option-implied asymmetries in bond market expectations around monetary policy actions of the ECB

Vähämaa, Sami - European Central Bank - 2004

monetary policy actions of the European Central Bank (ECB). In particular, this paper focuses on the asymmetries in bond market …, as asymmetries in market expectations tend to increase before changes in the monetary policy stance, and to decrease …

Persistent link: https://www.econbiz.de/10005222360

Testing the consistency of asymmetric interest rate pass-through : the case of Indonesia

Herlambang, R. Dimas Bagas; Purwono, Rudi; Rumayya - In: Cogent economics & finance 11 (2023) 1, pp. 1-12

This paper investigates the consistency of asymmetric interest rate past-trough (IRPT) using a nonlinear autoregressive distributed lag framework. Superior to the previous studies, this study exploits the historical profile of Indonesia to enrich the analysis. Asian Financial Crisis (AFC) which...

Persistent link: https://www.econbiz.de/10014500695

Heterogeneity in macroeconomics and its implications for monetary policy

Schnell, Fabian - 2015

Diese Dissertation beschäftigt sich mit den makroökonomischen Konsequenzen der Annahme heterogener Firmen. Die geldpolitischen Implikationen stehen dabei im Vordergrund. In den ersten beiden, theoretisch ausgerichteten Kapiteln liegt der Fokus auf der Tatsache, dass Firmen unterschiedlich...

Persistent link: https://www.econbiz.de/10010510699

A Markov switching factor-augmented VAR model for analyzing US business cycles and monetary policy

Huber, Florian; Fischer, Manfred M. - 2015

Persistent link: https://www.econbiz.de/10011347879

Labour market asymmetries in a monetary union

Andersen, Torben M.; Seneca, Martin - 2008

This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries … aggregate shocks. The implications of asymmetries for both the overall performance of the monetary union and the country …-specific situation are analysed. It is shown that asymmetries are not only critical for country-specific performance but also for the …

Persistent link: https://www.econbiz.de/10010126548

The effect of monetary policy on business cycles in Iran economy

Tabaghi, Parvin Heydari Sheikh - In: Iranian economic review : journal of University of Tehran 17 (2013) 3, pp. 105-137

Persistent link: https://www.econbiz.de/10010347504

Forward guidance and macroeconomic outcomes since the financial crisis

Campbell, Jeffrey R.; Fisher, Jonas D. M.; Justiniano, … - 2016

This paper studies the effects of FOMC forward guidance. We begin by using high frequency identification and direct measures of FOMC private information to show that puzzling responses of private sector forecasts to movements in federal funds futures rates on FOMC announcement days can be...

Persistent link: https://www.econbiz.de/10011487809