Vorträge des DIW Berlin

Instrument Validity and the Effects of Monetary Policy Shocks

Nonlinear Intermediary Asset Pricing in the Oil Futures Market

Nonlinear Intermediary Pricing in the Oil Futures Markets

Nonlinear Intermediary Asset Pricing in the Oil Futures Market

Interest Rates and Exchange Rates in Normal and Crisis Times

Inflation Targeting as a Shock Absorber

Inflation Targeting as a Shock Absorber

Nonlinear Intermediary Asset Pricing in the Oil Futures Market

Inflation Targeting as a Shock Absorber

Nonlinear Intermediary Asset Pricing in the Oil Futures Market

Nonlinear Intermediary Asset Pricing in the Oil Futures Market

Nonlinear Intermediary Asset Pricing in the Oil Futures Market

Inflation Targeting as a Shock Absorber

Unconventional Monetary Policy, Fiscal Side Effects, and Euro Area (Im)balances

Macroeconomic Gain and Pain of ECB Non-standard Monetary Policy

Identifying Speculative Demand Shocks in Commodity Futures Markets through Changes in Volatility

Unconventional Monetary Policy, Fiscal Side Effects, and Euro Area (Im)balances

Identifying Speculative Demand Shocks in Commodity Futures Markets through Changes in Volatility

Unconventional Monetary Policy, Fiscal Side Effects, and Euro Area (Im)balances

Information Discovery and Trend Following in Agricultural Futures Markets

We develop a structural VAR model to analyze the relationship between financial speculation, agricultural futures prices, and other asset prices. We consider two important types of speculators and test if they affect futures prices and through which channels. Moreover, we study their trading strategies. We find that shocks to net long positions of index investors do not affect futures prices,...