Showing 1 - 10 of 135,981
shock are unable to reproduce the responses of the labor share observed in the data. …
Persistent link: https://www.econbiz.de/10011868035
Persistent link: https://www.econbiz.de/10012172536
Persistent link: https://www.econbiz.de/10012124811
Conditional on a contractionary monetary policy shock, the labor share of value added is expected to decrease in the … projections and high dimensional fixed effects, we show that a one standard deviation contractionary monetary policy shock …
Persistent link: https://www.econbiz.de/10012607460
Persistent link: https://www.econbiz.de/10012508577
Persistent link: https://www.econbiz.de/10011454273
Following Giraitis, Kapetanios, and Yates (2014b), this paper uses kernel methods to estimate a seven variable time-varying (TV) vector autoregressive (VAR) model on the data set constructed by Smets and Wouters (2007). We apply an indirect inference method to map from this TV VAR to time...
Persistent link: https://www.econbiz.de/10011405253
Persistent link: https://www.econbiz.de/10012875701
Persistent link: https://www.econbiz.de/10011698789
data on monetary policy shock estimates for 29 economies obtained from more than 280 monetary models in the literature …. Consistent with the predictions from our hypothesis we find: Monetary policy shock estimates obtained from New Keynesian DSGE … contamination is more severe for economies that are more susceptible to financial spillovers in the data; and the shock estimates …
Persistent link: https://www.econbiz.de/10011664579