DIW Berlin: Thema Geldpolitik

Thema Geldpolitik

258 Ergebnisse, ab 31

The Impact of Monetary Policy on Structural Reforms in the Euro Area

The aim of this project is to estimate the impact of monetary policy on structural reforms in the euro area. We first identify exogenous ECB policy changes through an event study that extracts the unexpected variation in euro area interest rates on policy announcement days. We estimate then the effect of monetary policy shocks on the number of reforms and investigate whether the effect is stronger

Aktuelles Projekt| Makroökonomie


10.07.2019| Dirk Baur, The University of Western Australia


03.07.2019| Cédric Tille

Distance(s) and the volatility of international trade(s)

Abstract: Does distance matter for the volatility of international real and financial transactions? We show that it does, in addition to its well-established relevance for the level of trade. A simple model of trade with endogenous markups shows that demand shocks have a larger impact on trade between more distant countries. We test this implication in two steps, relying on a broad range of real

03.07.2019| Cedric Tille, Graduate Institute Geneva

Growing Like Germany: Local Public Debt, Local Banks, Low Private Investment

Germany’s persistent current account surplus reflects to a large extent low domestic private investment. We argue that two factors—the local fragmentation of Germany’s banking system and the role of local banks in local public finance—can help explain why investment is so low. Local public banks dominate lending to small and medium firms in many regions of Germany. At the

26.06.2019| Mathias Hoffmann, University of Zurich

Microforecasting with Individual Forecast Selection

19.06.2019| Raffaella Giacomini, University College London

1st annual Workshop for Women in Macroeconomics, Finance, and Economic History

The 1st annual Workshop for Women in Macroeconomics, Finance and Economic History is being organized by the DIW Berlin. The aim is to bring together female academic researchers and practitioners to promote and exchange ideas in the field of Macroeconomics, Finance, and Economic History. We invite both empirical and theoretical contributions, including, but not limited to macroeconomic and

17.06.2019| Raffaela Giacomini

International spillovers of the Fed and ECB monetary policy surprises

This paper uses a structural vector autoregression identified with the high frequency approach to study the international spillovers of the Fed and ECB monetary policy surprises. It distinguishes between the news about monetary policy (monetary policy shocks) and news about the economy in these surprises. The paper finds that the Fed monetary policy shocks have a very strong effect on the euro

05.06.2019| Marek Jarocinski, European Central Bank
258 Ergebnisse, ab 31