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Topic Monetary Policy

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275 results, from 21
  • Schumpeter BSE Macro Seminar

    Identifying Agglomeration Shadows: Long-run Evidence from Ancient Ports

    25.01.2022| Richard Hornbeck, Chicago
  • Seminar of the Macro Department

    tba

    11.01.2022| Alexander Kriwoluzky
  • Schumpeter BSE Macro Seminar

    Spillovers and Redistribution through Intra-Firm Networks: The Product Replacement Channel (joint with Jay Hyun)

    04.01.2022| Prof. Ryan Kim, Johns Hopkins University
  • Externe Monographien

    Macroeconomic Policy under Uncertainty and Inequality

    Diese Arbeit umfasst drei Kapitel zur Debatte über makroökonomische Politik unter Unsicherheit und Ungleichheit. Das erste Kapitel zeigt auf, dass ein geringes Maß an Unsicherheit mit einer effektiveren Ausgabenpolitik einhergeht, und dass fiskalpolitische Ausgaben grundsätzlich ein wirksames Instrument zur Stabilisierung von Konjunkturzyklen sind. Das zweite Kapitel liefert Belege dafür, dass der ...

    Berlin: Humboldt-Universität Berlin, 2022, XXII, 114 S. | Jan Philipp Fritsche
  • Externe Monographien

    Three Essays on the Role of Financial Frictions in Macroeconomics

    Diese Dissertation besteht aus drei Aufsätzen, die die Rolle unterschiedlichester Arten von finanziellen Friktionen sowohl auf Firmenseite, als auch auf Bankenseite, für die Übertragung von finanziellen Schocks und Geldpolitik analysieren. Im ersten Aufsatz, "Firm Heterogeneity and the Capital Market", studiere ich welche Art von Finanzbeschränkungen der Firmen für die Übertragung von Kapitalmarktfinanzierungsschocks, ...

    Berlin: Humboldt-Universität Berlin, 2022, XX, 188 S. | Tobias König
  • DIW Weekly Report 40 / 2022

    Activation of New ECB Emergency Program TPI Has Not Yet Been Required

    Since the beginning of 2022, monetary policy in the euro area has been gradually normalizing. As a result, bond yields of highly indebted countries such as Italy and Greece are rising more sharply than those of countries with less debt, such as Germany, a development referred to as bond market fragmentation. To ensure the coherent effectiveness of monetary policy on economic developments and, ultimately, ...

    2022| Kerstin Bernoth, Sara Dietz, Gökhan Ider, Rosa María Lastra
  • Externe referierte Aufsätze

    Signalling Creditworthiness with Fiscal Austerity

    Sovereign borrowers may tighten their fiscal stance in order to signal their creditworthiness to lenders. In a model of sovereign debt with incomplete information, I show that a trustworthy country may reduce its debt beyond the optimal level in order to separate itself from less reliable countries. Since austerity is costly, the gains in the price of debt from separating need to be high enough, as ...

    In: European Economic Review 144 (2022), 104090, 27 S. | Anna Gibert
  • DIW Weekly Report 14/15/16 / 2022

    ECB Can Lower Fuel and Heating Costs by Increasing Interest Rates but Would Risk Economic Recovery

    Inflation has been growing considerably since the middle of 2021, with rising energy prices driving the increase in particular. Since the end of February 2022, the trend has also been exacerbated by the ongoing Russian invasion of Ukraine. To keep prices stable, the European Central Bank must rein in its accommodative monetary policy. However, would doing so—by enacting an interest rate increase, for ...

    2022| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz
  • Diskussionspapiere 1995 / 2022

    A Behavioral Heterogeneous Agent New Keynesian Model

    We develop a New Keynesian model with household heterogeneity and bounded rationality in the form of cognitive discounting. The interaction of household heterogeneity and bounded rationality generates amplification of monetary and fiscal policy through indirect general equilibrium effects while simultaneously ruling out the forward guidance puzzle and remaining stable at the effective lower bound. ...

    2022| Oliver Pfäuti, Fabian Seyrich
  • Diskussionspapiere 1993 / 2022

    Sovereign Bonds since Waterloo

    This paper studies external sovereign bonds as an asset class. It compiles a new database of 266,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering up to 91 countries. The main insight is that, as in equity markets, the returns on external sovereign bonds have been sufficiently high to compensate for risk. Real ...

    2022| Josefin Meyer, Carmen M. Reinhart, Christoph Trebesch
275 results, from 21
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