DIW Berlin: Search

Search

clear
372 results, from 41
Seminar

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
Seminar

Microforecasting with Individual Forecast Selection

19.06.2019| Raffaella Giacomini, University College London
Seminar

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
Seminar

TBA

03.07.2019| Cédric Tille
Seminar

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
Seminar

TBA

10.07.2019| Dirk Baur, The University of Western Australia
DIW Berlin - Politikberatung kompakt 134 / 2019

Happy Birthday? The Euro at 20

2019| Kerstin Bernoth, Franziska Bremus, Geraldine Dany-Knedlik, Henrik Enderlein, Marcel Fratzscher, Lucas Guttenberg, Alexander Kriwoluzky, Rosa Lastra
Externe referierte Aufsätze

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

We study the macroeconomic effects of unconventional monetary policy in the euro area using structural vector autoregressions, identified with external instruments. The instruments are based on the common unexpected variation in euro area sovereign yields for different maturities on policy announcement days. We first show that expansionary monetary surprises are effective at lowering public and

In: Journal of the European Economic Association 18 (2020), 1, S. 202-231 | Michael Hachula, Michele Piffer, Malte Rieth
372 results, from 41