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  1. A comment on Bauer, Lakdawala, Mueller: Market-Based Monetary Policy Uncertainty (2022)
    Autor*in: Baxa, Jaromir; Buliskeria, Nino; Elminejad, Ali; Havránek, Tomáš; Havránková, Zuzana; Kundu, Suranjana
    Erschienen: October 2023
    Verlag:  Institute for Replication, Essen, Germany

    Bauer et al. (2022) derive market-based monetary policy uncertainty and uncover an 'FOMC uncertainty cycle' characterized by a fall of uncertainty after FOMC announcements and its subsequent built-up. Then, the authors show that the financial... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 831
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    Bauer et al. (2022) derive market-based monetary policy uncertainty and uncover an 'FOMC uncertainty cycle' characterized by a fall of uncertainty after FOMC announcements and its subsequent built-up. Then, the authors show that the financial markets' response to monetary policy announcements depends on the level of short-rate uncertainty on the day before the FOMC announcement. First, we reproduced the paper's findings, though with Matlab version-specific issues. Second, we tested the robustness of the two main results of the paper. We show that the uncertainty cycle in the monetary policy uncertainty is confirmed when the crisis period is included in the sample or when the median instead of the average of changes in the monetary policy uncertainty is considered. However, the FOMC uncertainty cycle does not appear when the monetary policy uncertainty index (Husted et al. 2020) or the daily economic policy uncertainty index (Baker et al. 2016) are used as uncertainty proxies.

     
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    Quelle: Verbundkataloge
    Beteiligt: Bauer, Michael D. (VerfasserIn des Bezugswerks); Lakdawala, Aeimit (VerfasserIn des Bezugswerks); Mueller, Philippe (VerfasserIn des Bezugswerks)
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/278111
    Schriftenreihe: I4R discussion paper series / Institute for Replication ; no. 77
    Schlagworte: Uncertainty; Monetary policy; Replication
    Umfang: 1 Online-Ressource (circa 20 Seiten), Illustrationen
  2. Do rural banks matter that much?
    Burgess and Pande (AER, 2005) reconsidered
    Autor*in: Baxa, Jaromír; Buliskeria, Nino
    Erschienen: [2020]
    Verlag:  Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Prague

    We replicate Burgess and Pande (2005), who analyze the effects of the state-led expansion of the banking sector on poverty in India from 1961 to 1990. They find that the bank branch expansion in the rural areas decreased poverty due to improved... mehr

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    We replicate Burgess and Pande (2005), who analyze the effects of the state-led expansion of the banking sector on poverty in India from 1961 to 1990. They find that the bank branch expansion in the rural areas decreased poverty due to improved access to credit and saving facilities. However, Burgess and Pande (2005) do not consider other simultaneous policies affecting the financial sector and poverty, in particular, the Integrated Rural Development Program aiming at credit subsidizing for the poor. Therefore, using the methodology by Burgess and Pande (2005), we show that structural shifts in the rural bank branch expansion and rural poverty can be identified for almost any other year between 1970 and 1984. Our results imply that the experiment by Burgess and Pande (2005) does not prove a superior impact of the bank branch expansion on poverty reduction in India.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/228098
    Schriftenreihe: IES working paper ; 2020, 16
    Umfang: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  3. Uncertain trends in economic policy uncertainty
    Autor*in: Buliskeria, Nino; Baxa, Jaromír; Šestořád, Tomáš
    Erschienen: [2023]
    Verlag:  Czech National Bank, Economic Research Division, Praha, Czech Republic

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper series / Czech National Bank ; 2023, 16
    Schlagworte: Economic policy uncertainty; reliability; reproducibility; trend-cycle decomposition
    Umfang: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  4. Uncertain trends in economic policy uncertainty
    Autor*in: Buliskeria, Nino; Baxa, Jaromir; Šestořád, Tomáš
    Erschienen: [2024]
    Verlag:  Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Prague

    The news-based Economic Policy Uncertainty indices (EPU) of Germany, France, and the United Kingdom display discernible trends that can be found neither in other European countries nor in other uncertainty indicators. Therefore, we replicate the EPU... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 167
    Fernleihe:
    keine Fernleihe

     

    The news-based Economic Policy Uncertainty indices (EPU) of Germany, France, and the United Kingdom display discernible trends that can be found neither in other European countries nor in other uncertainty indicators. Therefore, we replicate the EPU index of European countries and show that these trends are sensitive to the rather arbitrary choice of normalizing the raw counts of news related to economic policy uncertainty by the count of all newspaper articles. We show that an alternative normalization by news on economic policy leads to different long-term dynamics with less pronounced trends and markedly lower uncertainty during recent periods of uncertainty such as Brexit or the COVID-19 pandemic. Consequently, our results suggest that the effects of uncertainty related to these events on economic activity may have been overestimated.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/286367
    Schriftenreihe: IES working paper ; 2024, 1
    Schlagworte: economic policy uncertainty; trend-cycle decomposition; reproducibility; reliability
    Umfang: 1 Online-Ressource (circa 45 Seiten), Illustrationen