Direkt zur Hauptnavigation springen Direkt zum Inhalt springen
info(at)avldigital.remove-this.de
Deutsch English
Letzte Suchanfragen

Ergebnisse für *

Zeige Ergebnisse 1 bis 3 von 3.

  1. The asymmetric effects of uncertainty shocks
    Autor*in: Colombo, Valentina; Paccagnini, Alessia
    Erschienen: [2020]
    Verlag:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, Canberra

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VSP 1716
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: CAMA working paper ; 2020, 72 (August 2020)
    Schlagworte: Uncertainty; Smooth Transition VAR; Nonlinearities; MonetaryPolicy
    Umfang: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  2. Uncertainty and the Federal Reserve's balance sheet monetary policy
    Autor*in: Colombo, Valentina; Paccagnini, Alessia
    Erschienen: [2024]
    Verlag:  Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Milano, Italy

    This study assesses the impact of financial uncertainty shocks in the US and explores the influence of monetary policy. Using a nonlinear Vector Autoregressive model, incorporating short-term interest rates and the Federal Reserve's balance sheet... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 587
    Fernleihe:
    keine Fernleihe

     

    This study assesses the impact of financial uncertainty shocks in the US and explores the influence of monetary policy. Using a nonlinear Vector Autoregressive model, incorporating short-term interest rates and the Federal Reserve's balance sheet policy, we find that the reaction of the monetary policy is asymmetric across the business cycle. The state-dependent responses in consumption and investment significantly influence GDP fluctuations. A counterfactual analysis reveals that balance sheet-related monetary policy helps reduce both the duration and severity of the recessionary impacts caused by these shocks.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working paper / Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore ; n. 131 (February 2024)
    Schlagworte: Uncertainty; Smooth Transition VAR; Nonlinearities; Monetary Policy
    Umfang: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  3. Hawks vs. Doves
    ECB's monetary policy in light of the Fed's policy stance
    Autor*in: Hauzenberger, Niko; Huber, Florian; Zörner, Thomas
    Erschienen: [2023]
    Verlag:  OeNB, Oesterreichische Nationalbank, Vienna, Austria

    The secular increase in globalization led to a substantial increase in the interconnectedness of global financial markets. This has important implications for the conduct of monetary policy, as central bank policies may diverge across countries,... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 821
    Fernleihe:
    keine Fernleihe

     

    The secular increase in globalization led to a substantial increase in the interconnectedness of global financial markets. This has important implications for the conduct of monetary policy, as central bank policies may diverge across countries, potentially affecting key transmission channels of domestic policy actions. In this paper, we use a non-linear multivariate time series model to shed light on how the US monetary policy stance affects the conduct of monetary policy in the euro area. We assume that the dynamic coefficients implicitly depend on a measure of the Federal Reserve's policy stance through a smooth transition function. This assumption allows us to examine how the dynamic responses of financial market quantities such as government bond yields and inflation swaps to euro area monetary policy shocks change with the US policy stance. Scenario-specific impulse responses show that the transmission of euro area monetary policy through financial markets does indeed depend on the prevailing monetary policy regime of the Federal Reserve and has significant effects on a variety of euro area variables.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/283494
    Schriftenreihe: Working paper / Oesterreichische Nationalbank ; 252
    Schlagworte: Monetary Policy Transmission; Financial Markets; Real Rates; High-Frequency Data; Smooth Transition VAR
    Umfang: 1 Online-Ressource (circa 47 Seiten), Illustrationen