Search Results

The (ir)relevance of real wage rigidity for optimal monetary policy,
Britta Kohlbrecher, from Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics (2019)
Keywords: optimal monetary policy, Ramsey policy, search and matching, real wage rigidity

Product Differentiation, Oligopoly, and Resource Allocation,
Bruno Pellegrino, from Job Market Papers (2019)

The future of UK Carbon pricing: Artificial Intelligence and the Emissions Trading System,
Marianne Ojo, from University Library of Munich, Germany (2019)
Keywords: Emissions Trading System; Artificial Intelligence; Vertical Integration; Block chain systems; Sustainable Development; energy; climate, environment; Ultra-Small Emitters Exemption; trade relationships; transparency; information disclosure

Forecasting and stress testing with quantile vector autoregression,
Sulkhan Chavleishvili and Simone Manganelli, from European Central Bank (2019)
Keywords: growth at risk, multivariate quantiles, regression quantiles, structural VAR

Sentiment Indicators Based on a Short Business Tendency Survey,
Daniel Roash and Tanya Suhoy, from Bank of Israel (2019)
Keywords: Business tendency survey, Sentiment indicator, Partial Least Squares, monthly GDP

Breaking the UIP: A Model-Equivalence Result,
Yossi Yakhin, from Bank of Israel (2020)
Keywords: UIP, Financial Frictions, Open Economy Macroeconomics

When Do Currency Unions Benefit From Default ?,
Xuan Wang, from Job Market Papers (2019)

Macroeconomic and bank-specific determinants of non-performing loans in sub-Saharan Africa,
Trust Mpofu and Eftychia Nikolaidou, from School of Economics, University of Cape Town (2019)

Real indeterminacy and dynamics of asset price bubbles in general equilibrium,
Ngoc-Sang Pham, Cuong Le Van and Stefano Bosi, from University Library of Munich, Germany (2019)
Keywords: asset price bubble, real indeterminacy, borrowing constraint, intertemporal equilibrium, infinite horizon

Proxy VAR models in a data-rich environment,
Martin Bruns, from School of Economics, University of East Anglia, Norwich, UK. (2019)
Keywords: Dynamic factor models, external instruments, monetary policy, uncertainty shocks

Forecasting Aluminum Prices with Commodity Currencies,
Pablo Pincheira and Nicolas Hardy, from University Library of Munich, Germany (2019)
Keywords: Forecasting, commodities, aluminum, univariate time-series models, out-of-sample comparison, exchange rates.

The ECB after the crisis: existing synergies among monetary policy, macroprudential policies and banking supervision,
Nuno Cassola, Christoffer Kok and Francesco Mongelli, from European Central Bank (2019)
Keywords: banking supervision, banking union, decision-making process, European Central Bank, financial stability, macroprudential policies, monetary policy, systemic risks

Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution,
Stephen Poloz, from Bank of Canada (2019)
Keywords: Economic models; Financial stability; Monetary policy framework; Uncertainty and monetary policy

Estimation and Evaluation of Monetary Policy in Korea Before and After the Global Financial Crisis,
Jeonghun Choi, from Institute of Economic Research, Seoul National University

The Long-term Rate and Interest Rate Volatility in Monetary Policy Transmission,
Zhengyang Chen, from Job Market Papers (2019)

Optimal Taxation with Private Insurance,
Yena Park and Yongsung Chang, from Institute of Economic Research, Seoul National University (2018)
Keywords: Optimal Taxation; Private Insurance; Pecuniary Externalities; Variational Approach

How Sticky Wages In Existing Jobs Can Affect Hiring,
Mark Bils, Yongsung Chang and Sun-Bin Kim, from Institute of Economic Research, Seoul National University (2019)
Keywords: E?ort; Employment; Sticky Wages; Wage Inertia

Cross-Sectional and Aggregate Labor Supply,
Yongsung Chang, Sun-Bin Kim, Kyooho Kwon and Richard Rogerson, from Institute of Economic Research, Seoul National University (2019)
Keywords: Hours; Employment; Cross-section; Business Cycles; Comparative Advantage

Equilibrium Redistribution under Ex-ante Heterogeneity and Income-Dependent Voting,
Bo Hyun Chang, Yongsung Chang and Sun-Bin Kim, from Institute of Economic Research, Seoul National University (2019)
Keywords: Optimal Tax; Ex-ante Heterogeneity; Voting Turnout Rates

Recapitalization in an Economy with State-Owned Banks - A DSGE Framework,
Saurabh Ghosh, Pawan Gopalakrishnan and Sakshi Satija, from University Library of Munich, Germany (2019)
Keywords: Bank recapitalization, SLR requirements, Emerging Market Economies, Financial Frictions, state owned banks

The Leverage Factor: Credit Cycles and Asset Returns,
Josh Davis and Alan Taylor, from National Bureau of Economic Research, Inc (2019)

Listing Advantages Around the World,
Kenichi Ueda and Somnath Sharma, from National Bureau of Economic Research, Inc (2019)

A Phillips Curve for the Euro Area,
Laurence Ball and Sandeep Mazumder, from National Bureau of Economic Research, Inc (2019)

Rules without Commitment: Reputation and Incentives,
Alessandro Dovis and Rishabh Kirpalani, from National Bureau of Economic Research, Inc (2019)

Bayesian state-space modeling for analyzing heterogeneous network effects of US monetary policy,
Niko Hauzenberger and Michael Pfarrhofer, from arXiv.org (2020)

Global Recession Impact on the Market Value of Intangible Assets,
Antanina Garanasvili, from Job Market Papers (2019)

Dynamic Effects of Persistent Shocks,
Mario Alloza and Carlos Sanz, from Universidad Carlos III de Madrid. Departamento de Economía (2019)
Keywords: Impulse Response Function

Proxy structural vector autoregressions, informational sufficiency and the role of monetary policy,
Mirela Miescu and Haroon Mumtaz, from Lancaster University Management School, Economics Department (2019)
Keywords: information sufficiency, dynamic factor models, instrumental variables, monetary policy, structural VAR

Does Electricity Drive Structural Transformation? Evidence from the United States,
Paul Gaggl, Rowena Gray, Ioana Marinescu and Miguel Morin, from CESifo (2019)
Keywords: technological change, electrification, structural change

Bottom-up Leading Macroeconomic Indicators: An Application to Non-Financial Corporate Defaults using Machine Learning,
Tyler Pike, Horacio Sapriza and Tom Zimmermann, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Corporate Default; Early Warning Indicators; Economic Activity; Machine Learning

CECL and the Credit Cycle,
Bert Loudis and Ben Ranish, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Current expected credit loss; Allowance for Loan and Lease Losses; Accounting policy

Tractable Rare Disaster Probability and Options-Pricing,
Robert Barro and Gordon Liao, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Disaster Probability; Option Prices; Rare Disaster; Tail Risk; Uncertainty; Volatility

Monetary Policy and Bank Equity Values in a Time of Low and Negative Interest Rates,
Miguel Ampudia and Skander Van den Heuvel, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Bank profitability; Interest rate risk; Monetary policy; Negative interest rates; ECB

Regulating Financial Networks Under Uncertainty,
Carlos Ramírez, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Financial networks; Contagion; Policy design under uncertainty

Local Ties in Spatial Equilibrium,
Mike Zabek, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Migration; Decline; Economic development, technological change, and growth; Labor and demographic economics; Local labor markets

Okun Revisited: Who Benefits Most from a Strong Economy,
Stephanie Aaronson, Mary Daly, William Wascher and David Wilcox, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Business Cycles; Inequality; Labor supply and demand; Racial Disparities; Unemployment

From Transactions Data to Economic Statistics: Constructing Real-time, High-frequency, Geographic Measures of Consumer Spending,
Aditya Aladangady, Shifrah Aron-Dine, Wendy E. Dunn, Laura Feiveson, Paul Lengermann and Claudia Sahm, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Big data; Consumer spending; Macroeconomic forecasting

The Self-Employment Option in Rigid Labor Markets: An Empirical Investigation,
Joaquin Garcia-Cabo and Rocio Madera, from Board of Governors of the Federal Reserve System (U.S.) (2019)
Keywords: Self-employment; Business cycles; Unemployment; Employment protection

Too Bad to Be True". Swedish Economists on Keynes's 'The Economic Consequences of the Peace, 1919-1929,
Benny Carlson and Lars Jonung, from Lund University, Department of Economics (2019)
Keywords: John Maynard Keynes; David Davidson; Gustav Cassel; Eli Heckscher; Knut Wicksell; Bertil Ohlin; Treaty of Versailles; reparations; the transfer problem; United Kingdom; Germany; Sweden; Malthusianism; World War I.

Labour market institutions, shocks and the employment rate,
Kristine Wika Haraldsen, Nymoen Ragnar and Victoria Sparrman, from Oslo University, Department of Economics (2019)
Keywords: Employment share; Labor market institutions; Macro shocks; Panel data model

Latent Heterogeneity in the Marginal Propensity to Consume,
Daniel Lewis, Davide Melcangi and Laura Pilossoph, from Federal Reserve Bank of New York (2019)
Keywords: marginal propensity to consume; consumption; tax rebate; heterogeneous treatment effects; machine learning; clustering; C-means

Multimodality in Macro-Financial Dynamics,
Tobias Adrian, Nina Boyarchenko and Domenico Giannone, from Federal Reserve Bank of New York (2019)
Keywords: nonparametric density estimator; density impulse response; multimodality

Inflation Targets in Latin America,
Jose De Gregorio, from Peterson Institute for International Economics (2019)
Keywords: Inflation, Inflation Targets, Latin America, Monetary Policy

Between territorial and virtual proximities. The digitization process of the French ecosystem of complementary local currencies,
Yannick Lung, Léo Malherbe and Matthieu Montalban, from Groupe de Recherche en Economie Théorique et Appliquée (GREThA) (2019)
Keywords: blockchain - complementary local currency – cryptocurrency – digitization – france

Waiting for the Prince Charming: Fixed-Term Contracts as Stopgaps,
Normann Rion, from HAL (2019)
Keywords: Fixed-term Contracts,Unemployment,Employment Protection,Policy,Dynamics

Ramsey Optimal Policy in the New-Keynesian Model with Public Debt,
Jean-Bernard Chatelain and Kirsten Ralf, from HAL (2019)
Keywords: Fiscal theory of the Price Level,Ramsey optimal policy

Ramsey Optimal Policy versus Multiple Equilibria with Fiscal and Monetary Interactions,
Jean-Bernard Chatelain and Kirsten Ralf, from HAL (2020)
Keywords: Frictionless endowment economy,Fiscal theory of the Price Level,Ramsey optimal policy,Interest Rate Rule,Fiscal Rule

Average Inflation Targeting Would Be a Weak Tool for the Fed to Deal with Recession and Chronic Low Inflation,
David Reifschneider and David Wilcox, from Peterson Institute for International Economics (2019)

Double overreaction in beauty-contests with information acquisition: theory and experiment,
Romain Baeriswyl, Kene Boun My and Camille Cornand, from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon (2019)
Keywords: beauty-contest, information acquisition, overreaction, central bank communication

Monetary Dynamics in a Network Economy,
Antoine Mandel and Vipin Veetil, from HAL (2019)
Keywords: Price Puzzle,Production Network,Money,Monetary Non-Neutrality,Out-Of-Equilibrium dynamics,Réseaux de production,dynamique hors-équilibre

Has fiscal expansion inflated house prices in China? Evidence from an estimated DSGE model,
Chunping Liu and Zhirong Ou, from Cardiff University, Cardiff Business School, Economics Section (2019)
Keywords: fiscal policy; housing price; China; DSGE model

Challenges for Monetary Policy: a speech at the \"Challenges for Monetary Policy\" symposium, sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 23, 2019,
Jerome H. Powell, from Board of Governors of the Federal Reserve System (U.S.) (2019)

Hindsight vs. Real time measurement of the output gap: Implications for the Phillips curve in the Chilean Case,
Camila Figueroa, Jorge Fornero and Pablo Garcia Silva, from Central Bank of Chile (2019)

Instruments of Debtstruction: Public Debt Management and Networks during the Interwar Period,
Nicolas End, Marina Marinkov and Fedor Miryugin, from Aix-Marseille School of Economics, France (2019)
Keywords: economic history, debt policy, public finance, macroeconomics

The Federal Reserve’s Review of Its Monetary Policy Strategy, Tools, and Communication Practices: a speech at “A Hot Economy: Sustainability and Trade-Offs,” a Fed Listens event sponsored by the Federal Reserve Bank of San Francisco, San Francisco, California, September 26, 2019,
Richard Clarida, from Board of Governors of the Federal Reserve System (U.S.) (2019)

Law and Macroeconomics: The Global Evolution of Macroprudential Regulation: a speech at the “Law and Macroeconomics,” a conference at Georgetown University Law Center, Washington, D.C., September 27, 2019,
Randal K. Quarles, from Board of Governors of the Federal Reserve System (U.S.) (2019)

Opening Remarks: a speech at \"Monetary Policy’s Impact on Workers and Their Communities,\" a Fed Listens event, sponsored by the Federal Reserve Bank of Chicago, Chicago, Illinois, October 17, 2019,
Michelle W. Bowman, from Board of Governors of the Federal Reserve System (U.S.) (2019)

Unconventional Monetary Policy, (A)Synchronicity and the Yield Curve,
Karlye Dilts Stedman, from Federal Reserve Bank of Kansas City (2019)
Keywords: Monetary Policy; Spillovers

Using credit variables to date business cycle and to estimate the probabilities of recession in real time,
Valentina Aprigliano and Danilo Liberati, from Bank of Italy, Economic Research and International Relations Area (2019)
Keywords: business cycle, financial cycle, real time estimation, Markow-switching model, state-space model

Exchange rate dynamics and unconventional monetary policies: it�s all in the shadows,
Andrea De Polis and Mario Pietrunti, from Bank of Italy, Economic Research and International Relations Area (2019)
Keywords: exchange rates, shadow rates, unconventional policies

Regional Spillovers in the Hungarian Housing Market: Evidence from a Spatio-Temporal Model,
Gábor Márk Pellényi, from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2019)

The Semi-Elasticities Underlying the Cyclically-Adjusted Budget Balance: An Update and Further Analysis,
Gilles Mourre, Aurélien Poissonnier and Martin Lausegger, from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2019)

What if We All Worked Gigs in the Cloud? The Economic Relevance of Digital Labour Platforms,
Steven Engels and Monika Sherwood, from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2019)

Skills Mismatch and Productivity in the EU,
Anneleen Vandeplas and Anna Thum-Thysen, from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2019)

The Global Multi-Country Model (GM): An Estimated DSGE Model for Euro Area Countries,
Alice Albonico, Ludovic Calès, Roberta Cardani, Olga Croitorov, Fabio Di Dio, Filippo Ferroni, Massimo Giovannini, Stefan Hohberger, Beatrice Pataracchia, Filippo Maria Pericoli, Philipp Pfeiffer, Rafal Raciborski, Marco Ratto, Werner Roeger and Lukas Vogel, from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2019)

Cruising at Different Speeds: Similarities and Divergences between the German and the French Economies,
Guillaume Cléaud, Francisco de Castro Fernández, Jorge Durán Laguna, Lucia Granelli, Martin Hallet, Anne Jaubertie, Carlos Maravall Rodriguez, Diana Ognyanova, Balazs Palvolgyi, Tsvetan Tsalinski, Kai-Young Weißschädel and Johannes Ziemendorff, from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2019)

Virtual trade between different time zones, educational capital and corrupt informal sector,
Alaka Prasad and Biswajit Mandal, from University Library of Munich, Germany (2019)
Keywords: Time Zones; Virtual Trade; Service; Educational Capital; Informality; Corruption; Extortion.

Tracing the Genesis of Contagion in the Oil-Finance Nexus,
Scott Mahadeo, Reinhold Heinlein and Gabriella Legrenzi, from CESifo (2019)
Keywords: contagion, correlation, exchange rate, oil, stock market

Is Neo-Fisherian ‘alive’ in South Africa? A frequency domain causality approach,
Andrew Phiri, from Department of Economics, Nelson Mandela University (2019)
Keywords: Neo-fisher effect; interest rates; inflation expectations; South Africa; emerging economies; spectral causality tests.

Global Spillover Effects of US Uncertainty,
Saroj Bhattarai, Arpita Chatterjee and Woong Yong Park, from Institute of Economic Research, Seoul National University (2019)
Keywords: US Uncertainty; Panel VAR; Emerging Market Economies; Monetary Policy Response; Emerging Market Monetary Policy Minutes

Heterogeneous spillovers of housing credit policy,
Myroslav Pidkuyko, from Banco de España (2019)
Keywords: mortgage debt, life-cycle models, government-sponsored enterprises, credit policy

International bank lending channel of monetary policy,
Silvia Albrizio, Sangyup Choi, Davide Furceri and Chansik Yoon, from Banco de España (2019)
Keywords: monetary policy spillovers, international bank lending channel, cross-border banking flows, global financial cycles, local projections

A Theory of monetary union and financial integration,
Luca Fornaro, from Department of Economics and Business, Universitat Pompeu Fabra (2021)
Keywords: Monetary union, international financial integration, exchange rates, optimal currency area, capital flights, euro area.

Time Discounting and Wealth Inequality,
Thomas Epper, Ernst Fehr, Helga Fehr-Duda, Claus Kreiner, David Lassen, Søren Leth-Petersen and Gregers Nytoft Rasmussen, from University of St. Gallen, School of Economics and Political Science (2019)
Keywords: Wealth inequality, savings behavior, time discounting, experimental methods, administrative data

Household Debt and Aging in Japan,
Charles Horioka and Yoko Niimi, from Asian Growth Research Institute (2019)
Keywords: aging, borrowing, debt, homeownership, households, housing, Japan, liabilities, loans, mortgages, retirement, D14, E21, G51, J14, R21

Costly Default And Asymmetric Real Business Cycles,
Patrick Fève, Pablo Garcia Sanchez, Alban Moura and Olivier Pierrard, from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) (2019)
Keywords: Real Business Cycle model, default, financial frictions, asymmetry, skewness

Occupation Mobility, Human Capital and the Aggregate Consequences of Task-Biased Innovations,
Maximiliano Dvorkin and Alexander Monge-Naranjo, from Human Capital and Economic Opportunity Working Group (2019)
Keywords: dynamic roy models, automation, human capital, aggregation

Inflation Targets in Latin America,
Jose De Gregorio, from University of Chile, Department of Economics

Costly default and asymetric real business cycles,
Patrick Fève, Pablo Garcia Sanchez, Alban Moura and Olivier Pierrard, from Toulouse School of Economics (TSE) (2019)
Keywords: Real Business Cycle model, default, financial frictions, asymmetry, skewness.

Nonlinear relationship between the weather phenomenon El Niño and Colombian food prices,
Luis Melo-Velandia, Daniel Parra-Amado and Davinson Stev Abril-Salcedo, from Red Investigadores de Economía (2019)
Keywords: El Niño Southern Oscillation (ENSO); non-linear smooth transition models; inflation

Subsidies, Merit Goods and the Fiscal Space for Reviving Growth: An Aspect of Public Expenditure in India,
Sudipto Mundle and Satadru Sikdar, from National Institute of Public Finance and Policy (2019)
Keywords: Taxation, Subsidies and Revenue ; Macroeconomic Aspects of Public Finance ; National Government Expenditures and Related Policies ; Development Planning and Policy

The Impact of the Great Recession on SSDI Awards: A Birth-Cohort Analysis,
Michael Anderson, Yonatan Ben-Shalom, David Stapleton and Emily Roessel, from Mathematica Policy Research
Keywords: Social Security Disability Insurance, SSDI, business cycle, recession, employment, Great Recession

Macroeconomic Responses to Fiscal Shocks in Portugal,
Elva Bova and Violeta Klyviene, from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2019)

A World Divided: Refugee Centers, House Prices, and Household Preferences,
Martijn Dröes and Hans Koster, from Tinbergen Institute (2019)
Keywords: immigration, house prices, refugee centers, household preferences