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Topic Monetary Policy

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506 results, from 1
  • Sonstige Publikationen des DIW / Monographien

    Analysis of Contemporary Budget Federalism Models Based on Economic and Social Effectiveness of Inter-Budgetary Relations: Theory, Experiences in OECD Countries, and Analysis for Russia

    [2005]| Ulrich Thießen
  • Infographic

    Energy prices fall when key interest rates increase

    27.02.2023
  • Infographic

    US companies with difficulties fulfilling the local content requirements

    10.02.2023
  • Externe referierte Aufsätze

    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. ...

    In: Journal of Applied Econometrics im Ersch. (2023), [online first: 2023-01-05] | Lukas Boer, Lukas Menkhoff, Malte Rieth
  • Externe referierte Aufsätze

    Monetary Policy with Mispricing in Stock Markets

    In: Journal of Money, Credit and Banking im Ersch. (2023) | Kerstin Bernoth, Benjamin Beckers
  • Diskussionspapiere 2033 / 2023

    The Energy-Price Channel of (European) Monetary Policy

    This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high-frequency event study and a Structural Vector Autoregression, we find evidence that the European Central Bank (ECB) and the Federal Reserve (Fed) are capable of doing so by affecting domestic and global energy prices. This “energy-price channel” of monetary policy plays an important ...

    2023| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
  • Externe referierte Aufsätze

    Monetary Policy, External Instruments, and Heteroskedasticity

    We develop a structural vector autoregressive framework that combines external instruments and heteroskedasticity for identification of monetary policy shocks. We show that exploiting both types of information sharpens structural inference, allows testing the relevance and exogeneity condition for instruments separately using likelihood ratio tests, and facilitates the economic interpretation of the ...

    In: Quantitative Economics 14 (2023), 1, S. 161-200 | Thore Schlaak, Malte Rieth, Maximilian Podstawski
  • DIW Weekly Report 8 / 2023

    And Yet They Move: Energy Prices Fall When Key Interest Rates Increase, Despite Countervailing Effects

    Energy prices have risen sharply as a result of the coronavirus pandemic as well as the Russian attack on Ukraine in February 2022. The resulting consumer price inflation is forcing the European Central Bank (ECB) to act in accordance with its mandate. However, the ECB expresses doubts that it will be able to have an impact on the price increases. As this Weekly Report based on an analysis of structural ...

    2023| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
  • Externe referierte Aufsätze

    Foreign Exchange Intervention: A New Database

    We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. This new dataset allows us to document stylized facts about the use of foreign exchange interventions for countries that ...

    In: IMF Economic Review im Ersch. (2023), [Online first: 2022-10-22] | Marcel Fratzscher, Tobias Heidland, Lukas Menkhoff, Lucio Sarno, Maik Schmeling
  • Seminar of the Macro Department

    Can the ECB affect consumer energy prices?

    20.09.2022| Frederik Kurcz, Gökhan Ider
506 results, from 1
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