Results 21 to 30 of about 74,505 (45)
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An Alternative Explanation for the “Fed Information Effect”
The American Economic Review, 2023Regressions of private-sector macroeconomic forecast revisions on monetary policy surprises often produce coefficients with signs opposite to standard macroeconomic models.
Michal Bauer, Eric T Swanson
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The American Economic Review, 2021
We develop a deep learning model to detect emotions embedded in press conferences after the Federal Open Market Committee meetings and examine the influence of the detected emotions on financial markets.
Y. Gorodnichenko +2 more
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We develop a deep learning model to detect emotions embedded in press conferences after the Federal Open Market Committee meetings and examine the influence of the detected emotions on financial markets.
Y. Gorodnichenko +2 more
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Whatever it Takes? The Impact of Conditional Policy Promises
Social Science Research Network, 2023At the announcement of a new policy, agents form a view of state-contingent policy actions and impact. We develop a method to estimate this state-contingent perception and implement it for many asset-purchase interventions worldwide.
Valentin Haddad +2 more
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Losing traction? The real effects of monetary policy when interest rates are low
Social Science Research Network, 2023Are there limits to how far reductions in interest rates can boost aggregate demand? In particular, as interest rates fall to very low levels, does the effectiveness of monetary policy in boosting the economy wane?
Rashad Ahmed +3 more
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Measuring Monetary Policy in the Euro Area Using SVARs with Residual Restrictions
American Economic Journal: Macroeconomics, 2023This study measures the effects of monetary policy in the euro area using a small number of sign and magnitude restrictions on the residuals of a structural vector autoregression.
Harald Badinger, Stefan Schiman
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A Unified Framework for CBDC Design: Remuneration, Collateral Haircuts and Quantity Constraints
Social Science Research Network, 2021We study the macroeconomic effects of central bank digital currency (CBDC) in a dynamic general equilibrium model. Timing and information frictions create a need for inside (bank deposits) and outside money (CBDC) to finance production.
Katrin Assenmacher-Wesche +3 more
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WP/16/98 Macroprudential Policy and Financial Stability in the Arab Region
Social Science Research NetworkSeveral characteristics of the structure of the Arab economies, their economic policy framework, and their banking systems make macroprudential policy a particular relevant tool.
Heba Abdel Monem Ali, Heba Abdel Monem
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Monetary Policy and the Labor Market: A Quasi-Experiment in Sweden
Social Science Research NetworkWe analyze a monetary quasi–experiment in Sweden from 2010–2011, when the Riksbank raised the interest rate substantially. We argue that this increase was beyond what labor market conditions warranted, driven instead by new concerns about financial ...
J. Coglianese +2 more
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Production Networks and the Flattening of the Phillips Curve
Social Science Research NetworkThis paper analyzes the role of changes in the structure of production networks on the flattening of the Phillips curve over the last decades. I build a multi-sector model with production networks, and heterogeneity in input-output linkages and in degree
Christian Höynck
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Market Segmentation and International Bond Prices: The Role of ECB Asset Purchases
American Economic Journal: MacroeconomicsWe estimate euro-dollar yields differences, hedged and unhedged, with euro area confidential corporate bond holdings data. We find that euro yields significantly decline relative to dollar yields—more for securities in the portfolios of investors that ...
Ester Faia +2 more
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