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Topic Monetary Policy

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489 results, from 21
Externe referierte Aufsätze

Heteroscedastic Proxy Vector Autoregressions

In proxy vector autoregressive models, the structural shocks of interest are identified by an instrument. Although heteroscedasticity is occasionally allowed for in inference, it is typically taken for granted that the impact effects of the structural shocks are time-invariant despite the change in their variances. We develop a test for this implicit assumption and present evidence that the assumption ...

In: Journal of Business & Economic Statistics 40 (2022), 3, S. 1268-1281 | Helmut Lütkepohl, Thore Schlaak
Diskussionspapiere 1990 / 2022

The Signalling Channel of Negative Interest Rates

Negative interest rates remain a controversial policy for central banks. We study a novel signalling channel and ask under what conditions negative rates should exist in an optimal policymaker’s toolkit. We prove two necessary conditions for the optimality of negative rates: a time-consistent policy setting and a preference for policy smoothing. These conditions allow negative rates to signal policy ...

2022| Oliver de Groot, Alexander Haas
Seminar of the Macro Department

Fiscal multipliers: do individuals make a difference?

14.12.2021| Stephanie Ettmeier
Schumpeter BSE Macro Seminar

Productivity Shocks, Long-Term Contracts and Earnings Dynamics

14.12.2021| Neele Balke, University of Chicago
Schumpeter BSE Macro Seminar

Sex Ratios in Colonial India

07.12.2021| James Fenske, Warwick
Schumpeter BSE Macro Seminar

tba

23.11.2021| Stephen Hansen, Imperial College London
Seminar of the Macro Department

The inefficiency of a monetary union with heterogeneous agents in the face of common shocks

16.11.2021| Fabian Seyrich
Schumpeter BSE Macro Seminar

tba

09.11.2021| Morgan Kelly, Dublin
489 results, from 21
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