Similar Search Results

Jordà, Òscar - 2015

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10013031150

Cross-Country Co-Movement in Long-Term Interest Rates : A DSGE Approach

Chin, Michael - 2015

Long-term interest rates in a number of small open inflation-targeting economies co-move more strongly with US long-term rates than with short-term rates in those economies. We augment a standard small open economy model with imperfectly substitutable government bonds and time-varying term...

Persistent link: https://www.econbiz.de/10013020684

Good news is bad news : leverage cycles and sudden stops

Akinci, Ozge; Chahrour, Ryan - 2015

We show that a model with imperfectly forecastable changes in future productivity and an occasionally binding collateral constraint can match a set of stylized facts about "sudden stop" events. "Good" news about future productivity raises leverage during times of expansion, increasing the...

Persistent link: https://www.econbiz.de/10011338832

Trend shocks, risk sharing and cross-country portfolio holdings

Arslan, Yavuz; Keleș, Gürsu; Kilinc̦, Mustafa - 2012

This paper analyzes the dynamics of risk premia, real exchange rates and portfolio movements in a two-country, two-good, two-bond model. We use an asymmetric set-up in the model, where one of the countries is emerging and the other one is developed and both countries issue bonds in domestic...

Persistent link: https://www.econbiz.de/10009407245

Trend Shocks, Risk Sharing and Cross-Country Portfolio Holdings

Arslan, Yavuz - 2015

Persistent link: https://www.econbiz.de/10013036543

Good News Is Bad News : Leverage Cycles and Sudden Stops

Akinci, Ozge - 2015

We show that a model with imperfectly forecastable changes in future productivity and an occasionally binding collateral constraint can match a set of stylized facts about “sudden stop” events. “Good” news about future productivity raises leverage during times of expansion, increasing...

Persistent link: https://www.econbiz.de/10013014942

Innovation, productivity, and monetary policy

Moran, Patrick; Queralto, Albert - 2017

To what extent can monetary policy impact business innovation and productivity growth? We use a New Keynesian model with endogenous total factor productivity (TFP) to quantify the TFP losses due to the constraints on monetary policy imposed by the zero lower bound (ZLB) and the TFP benefits of...

Persistent link: https://www.econbiz.de/10011780305

Financial integration and international shock transmission : the terms-of-trade effect

Krenz, Johanna - 2023

What are the effects of financial integration on global comovement? Using a standard two-country DSGE model, I show that in response to country-specific supply shocks higher exposure to foreign assets leads to lower cross-country output correlations, while the opposite is true for...

Persistent link: https://www.econbiz.de/10014463371

Trade in commodities and business cycle volatility

Kohn, David; Leibovici, Fernando; Tretvoll, Hakon - 2018

volatility of emerging and developed economies. We study a multi-sector small open economy in which firms produce and trade …

Persistent link: https://www.econbiz.de/10011911446

Endogenous time-varying volatility and emerging market business cycles

Dueber, Jan-Philipp - 2018

Time-varying volatility plays a crucial role in understanding business cycles in emerging market economies. However …, the literature treats volatility as an exogenous process. This paper endogenizes time-varying volatility in the debt … comparing it to emerging market data. An additional volatility channel that operates through the debt premium on the interest …

Persistent link: https://www.econbiz.de/10011925940

1
2
3
4
5
6
7
8
9
10
Next
Last