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Putting up a good fight: The Galí-Monacelli model versus "The six major puzzles in international macroeconomics"

Ried, Stefan - 2009

the effects of an estimated Taylor rule and additional trade costs. After translating the six puzzles into moment … correlation pattern is relatively close to realistic values. Trade costs are one important ingredient for this finding. …

Persistent link: https://www.econbiz.de/10010270669

Putting up a good fight : the Galí-Monacelli model versus "The six major puzzles in international macroeconomicsʺ

Ried, Stefan - 2009

effects of an estimated Taylor rule and additional trade costs. After translating the six puzzles into moment conditions for … correlation pattern is relatively close to realistic values. Trade costs are one important ingredient for this finding …. -- International Macroeconomics ; New Keynesian open economy model ; trade costs ; simulated method of moments (SMM) …

Persistent link: https://www.econbiz.de/10003828626

International dynamics of inflation expectations

Netšunajev, Aleksei; Winkelmann, Lars - 2016

To what extent are US and Euro Area (EA) inflation expectations determined by foreign shocks? How do transmissions change during the great recession and European sovereign debt crisis? We address these questions with a flexible structural VAR model of weekly financial markets’ inflation...

Persistent link: https://www.econbiz.de/10011458367

Domestic and external monetary policy shocks and economic inequality in the Republic of Korea

Hahm, Joon-ho; Lee, Dong Jin; Park, Cyn-Young - 2022

This paper investigates the effects of monetary policy shocks on income and wealth inequalities in the Republic of Korea. Using the detailed Household Income and Expenditure Survey and Korean Labor and Income Panel Study data, we construct measures of income and wealth inequality for the Korean...

Persistent link: https://www.econbiz.de/10013172667

The interaction between macroprudential and monetary policies: the cases of Norway and Sweden

Cao, Jin; Dinger, Valeriya; Grodecka, Anna; Juelsrud, … - 2020 - This version: July, 2020

To shed light on the interaction between macroprudential and monetary policies, we study the inward transmission of foreign monetary policy in conjunction with domestic macroprudential and monetary policies in Norway and Sweden. Using detailed bank-level data we show how Norwegian and Swedish...

Persistent link: https://www.econbiz.de/10012243617

The interaction between macroprudential and monetary policies : the cases of Norway and Sweden

Cao, Jin; Dinger, Valeriya; Grodecka, Anna; Juelsrud, … - 2020

Persistent link: https://www.econbiz.de/10012271409

The impact of Japanese monetary policy crisis management on the Japanese banking sector

Gerstenberger, Juliane; Schnabl, Gunther - 2017

The paper analyses the impact of Japanese monetary policy crisis management on the Japanese banking sector since the 1998 Japanese financial crisis. It shows how low-cost liquidity provision as a means to stabilize banks has created a growing gap between deposits above lending and has compressed...

Persistent link: https://www.econbiz.de/10011646717

Monetary unions and national welfare

Görgün, Cem - 2019

contingent upon price rigidity and trade elasticity. …

Persistent link: https://www.econbiz.de/10012131827

International inflation spillovers through input linkages

Auer, Raphael A.; Levchenko, Andrei A.; Sauré, Philip - 2017

We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output...

Persistent link: https://www.econbiz.de/10011619669

Policy response to commodity price fluctuations : the case of Nigeria

Abeng, Magnus O.; Hilili, Margaret J. - In: West African journal of monetary and economic integration 17 (2017) 1, pp. 19-44

Commodity price shocks have, over the years, posed major challenges for the conduct of monetary policy and economic management in Nigeria. Several studies dedicated to investigating these phenomena had focused only on oil price (Nigeria's major commodity) with little or no attention to food...

Persistent link: https://www.econbiz.de/10013348340