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The role of long-term inflation expectations for the transmission of monetary policy shocks

Diegel, Max; Nautz, Dieter - 2020 - This version: November 10, 2020

monetary policy shock. In line with a re-anchoring channel of monetary policy, we find that long-term inflation expectations …

Persistent link: https://www.econbiz.de/10012311576

Monetary policy transmission : the case of Lithuania

Stakenas, Julius; Stasiukynaite, Rasa - In: Baltic journal of economics 17 (2017) 1, pp. 1-24

We study the effect of a (standard) monetary policy shock in the euro area on the Lithuanian economy. We employ a … exogenous structure to account for the fact that Lithuania is a small economy. In general, we find that a monetary policy shock …

Persistent link: https://www.econbiz.de/10011890930

Exchange Rate Pass through, Cost Channel to Monetary Policy Transmission, Adaptive Learning, and the Price Puzzle

Ali, Syed Zahid - 2017

puzzle, which refers to anomalous behavior of inflation to a monetary shock. Unlike the existing studies, we consider the …

Persistent link: https://www.econbiz.de/10012966340

What do firm managers tell us about the transmission channels of oil price shocks?

Drechsel, Dirk; Mikosch, Heiner; Sarferaz, Samad; … - 2022

shock on their firms. We find that the managers expect the shock to have very different effects on their firms: the cross … important determinant is managers' pre-shock uncertainty about business prospects. The importance of the three channels varies …

Persistent link: https://www.econbiz.de/10013460905

The transmission of supply shocks in different inflation regimes

Arndt, Sarah; Enders, Zeno - 2023

effective in State 2. Exogenously differentiating regimes by the level of inflation or the shock size does not reveal state …

Persistent link: https://www.econbiz.de/10014444690

Foreign price shocks and inflation targeting : effects on income and inflation inequality

Rolim, Lilian; Marins, Nathalie - 2023

shock increases the profit share and the within-workers inequality (in real terms), since low-wage workers are more affected …

Persistent link: https://www.econbiz.de/10013553408

Estimating the immediate impact of monetary policy shocks on the exchange rate and other asset prices in Hungary

Rezessy, András (contributor) - 2005

The paper estimates the immediate impact of Hungarian monetary policy on three classes of asset prices: the exchange rate of the forint vis-r-vis the euro, spot and forward government bond yields and the index of the Budapest Stock Exchange. The endogeneity problem is treated with the method of...

Persistent link: https://www.econbiz.de/10003284724

Banks, credit market frictions, and business cycles

Dib, Ali - 2010

The author proposes a micro-founded framework that incorporates an active banking sector into a dynamic stochastic general-equilibrium model with a financial accelerator. He evaluates the role of the banking sector in the transmission and propagation of the real effects of aggregate shocks, and...

Persistent link: https://www.econbiz.de/10008695487

Evaluating changes in the monetary transmission mechanism in the Czech Republic

Franta, Michal; Horváth, Roman; Rusnák, Marek - 2012

We investigate the evolution of the monetary policy transmission mechanism in the Czech Republic over the 1996-2010 period by employing a time-varying parameters Bayesian vector autoregression model with stochastic volatility. We evaluate whether the response of GDP and the price level to...

Persistent link: https://www.econbiz.de/10009530216

Effectiveness and transmission of the ECB's balance sheet policies

Boeckx, Jef; Bossche, Maarten; Peersman, Gert - 2014

crisis within a structural VAR framework. An expansionary balance sheet shock stimulates bank lending, stabilizes financial …

Persistent link: https://www.econbiz.de/10010383862