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.5%-0.8%. Their effect on inflation was also broadly positive reaching around 0.6 percentage points, at its peak …
Persistent link: https://www.econbiz.de/10013017591
a powerful effect on both output growth and inflation. Second, conditional on available estimates of the impact of the …
Persistent link: https://www.econbiz.de/10009565855
We explore empirically the transmission of U.S. financial and macroeconomic uncertainty to emerging market economies (EMEs). We start by assuming that there are crucial differences between volatility and uncertainty, and between the latter and its shocks. With the help of Bayesian vector...
Persistent link: https://www.econbiz.de/10012837420
We use a dynamic hierarchical factor model to identify the national, regional, and local factors of the city-level housing price growth in China from 2005 to 2015. During the zero-lower-bound (ZLB) episode in the U.S., local factors account for 78% of variations in the month-on-month city-level...
Persistent link: https://www.econbiz.de/10012854498
This paper examines the macroeconomic impact of the conducted Unconventional Monetary Policy (UMP) in the US and Euro Area within a Global VAR (GVAR) model constructed for 14 advanced economies. Moreover, the study addresses the extent to which UMP in the US and Euro Area can generate spillover...
Persistent link: https://www.econbiz.de/10012966736
Bank's Monetary Policy Committee felt that additional measures were necessary to meet the inflation target in the medium … the aim of injecting money into the economy and boosting nominal spending, in order to help achieve the Bank's inflation … output and inflation: a large Bayesian VAR; a change-point structural VAR; and a time-varying parameter VAR. Our preferred …
Persistent link: https://www.econbiz.de/10013111722
onward of incomes policy as a weapon against inflation, and U.K. officials' repeated appeals to monetary sovereignty when …
Persistent link: https://www.econbiz.de/10011803172
measures have also loomed over the global recession. This paper highlights the theoretical fallacies of monetarism and analyzes …
Persistent link: https://www.econbiz.de/10010385761
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure …
Persistent link: https://www.econbiz.de/10013045263
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure …
Persistent link: https://www.econbiz.de/10013046714