Topic Monetary Policy

Monetary Policy with Mispricing in Stock Markets

The Multifaceted Impact of US Trade Policy on Financial Markets

We study the multifaceted effects of trade policy shocks on financial markets using a structural vector autoregression identified via event day heteroskedasticity. We find that restrictive US trade policy shocks affect US and international stock prices heterogeneously, but generally negatively. They increase market uncertainty, lower US interest rates, and lead to an appreciation of the US dollar. ...

Can the ECB affect consumer energy prices?

Modelling US and Euro Area Monetary Policy - An Overidentified Bayesian Proxy VAR approach

The ECB must be an anchor of stability in the euro area now more than ever

Marcel Fratzscher, President of the German Institute for Economic Research (DIW Berlin), comments on the results of today’s meeting of the European Central Bank (ECB):

"Macroprudential Policy and Financial Crises"

The transmission of financial shocks and leverage of financial institutions: An endogenous regime switching framework"

Estimating Nonlinear Heterogeneous Agents Models with Neural Networks

Frugal fatalities? A narrative assessment of the cost of austerity

Foreign Currency Debt and Expectations