Showing 101,161 - 101,169 of 101,169
Persistent link: https://www.econbiz.de/10014012456
In this paper, I investigate how inflation signals from different types of newspapers influence household inflation expectations in Germany. Using text data and the large language model GPT-3.5-turbo-1106, I construct newspaper-specific indicators and find significant heterogeneity in their...
Persistent link: https://www.econbiz.de/10015046495
suggest that average pass-through is slow and incomplete. We document that pass-through is faster and more complete for banks … which are small and foreign-owned, as compared to banks which are large (and foreign-owned), or banks which are small and … domestic. This finding suggests that pass-through depends both on domestic market power of banks as well as their access to …
Persistent link: https://www.econbiz.de/10015046511
Monetary policy increasingly relies on steering market expectations about future policy. This paper identifies a monetary policy news shock based on a VAR model. A monetary news shock is equivalent to new information about the Fed's future monetary policy becoming available today. One example of...
Persistent link: https://www.econbiz.de/10015046540
In this paper, we discuss how environmental damage and emission reduction policies affect the conduct of monetary policy in a two-sector (clean and dirty) dynamic stochastic general equilibrium model. In particular, we examine the optimal response of the interest rate to changes in sectoral...
Persistent link: https://www.econbiz.de/10015046567
We use a new data set of daily visits of the website of the Federal Reserve Board to study the acquisition of information about monetary policy around meetings of the FOMC.
Persistent link: https://www.econbiz.de/10015046576
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