Heterogeneous consumers, demand regimes, monetary policy and equilibrium determinacy [PDF]
This paper investigates the effects of monetary policy in presence of heterogeneous consumers. We study the effectiveness (quantitative effects) of monetary policy and equilibrium determinacy properties of a New Keynesian DSGE model where a fraction of ...
Rossi Lorenza, Di Bartolomeo Giovanni
core
Stock market effects of unconventional monetary policy
, 2023 While the existing academic literature has demonstrated the positive effects of unconventional monetary policy on the real economy and financial markets, its primary focus has been on the early post-global financial crisis period.
Salmela, Aapo
core
The influence of negative interest rates on European life insurance companies
Journal of Risk and Insurance, EarlyView.Abstract Between 2016 and 2022, life insurers in several European countries experienced negative long‐term interest rates, which put pressure on their business models. The aim of this paper is to empirically investigate the impact of negative interest rates on the stock performance of life insurers.
Nicolaus Grochola
wiley +1 more source
The Unconventional Monetary Policy: A Theoretical Approach [PDF]
International Journal of Trade, Economics and Finance, 2017 Eryılmaz, Filiz +2 more
openaire +3 more sources
Essays on unconventional monetary policies
, 2022 This thesis analyses the so-called "unconventional" monetary policies of the European Central Bank since the subprime crisis started in 2007. The subject of this thesis is to inspect whether these unconventional policies have led to a change in the European Central Bank's monetary policy regime.
openaire +3 more sources
Interpreting the Unconventional U.S. Monetary Policy of 2007-09 [PDF]
This paper reviews the unconventional U.S. monetary policy responses to the financial and real crises of 2007-09, divided into three groups: interest rate policy, quantitative policy, and credit policy.
Ricardo Reis
core
Testing Distributional Granger Causality With Entropic Optimal Transport
Journal of Time Series Analysis, EarlyView.ABSTRACT We develop a novel nonparametric test for Granger causality in distribution based on entropic optimal transport. Unlike classical mean‐based approaches, the proposed method directly compares the full conditional distributions of a response variable with and without the history of a candidate predictor.
Tao Wang
wiley +1 more source
Monetary policy responses to COVID-19 in emerging European economies: measuring the QE announcement effects on foreign exchange markets. [PDF]
Empirica (Dordr), 2023 Uz Akdogan I.
europepmc +1 more source
Financial Crisis, Global Liquidity and Monetary Exit Strategies [PDF]
We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off .
Ansgar Belke
core
The Social Contract and Collective Action: Grievances, Cleavages, and Protests in the Middle East
Kyklos, EarlyView.ABSTRACT How do grievances turn into collective action? This article examines how citizens' expectations in social contracts lead them to embark on street protests. It draws on original, nationally representative telephone surveys in Tunisia and Lebanon and unpacks popular preferences about the states' obligations to deliver social service provision ...
Markus Loewe, Holger Albrecht
wiley +1 more source