Skip to content!

Search

clear
0 filter(s) selected
close
Go to page
remove add
840 results, from 11
Diskussionspapiere 1956 / 2021

The Multifaceted Impact of US Trade Policy on Financial Markets

We study the multifaceted effects and persistence of trade policy shocks on financial markets in a structural vector autoregression. The model is identified via event day heteroskedasticity. We find that restrictive US trade policy shocks affect US and international stock prices heterogeneously, but generally negatively, increasing market uncertainty, lowering interest rates, and leading to an appreciation ...

2021| Lukas Boer, Lukas Menkhoff, Malte Rieth
Schumpeter BSE Macro Seminar

The transmission of financial shocks and leverage of financial institutions: An endogenous regime switching framework"

05.07.2022| Kirsten Hubrich, Federal Reserve Board
Schumpeter BSE Macro Seminar

"Macroprudential Policy and Financial Crises"

19.07.2022| Johanna Krenz, Universität Hamburg
Seminar of the Macro Department

Frugal fatalities? A narrative assessment of the cost of austerity

26.04.2022| Katharina Schramm
Schumpeter BSE Macro Seminar

Foreign Currency Debt and Expectations

26.04.2022| Kenza Benhima, University of Lausanne
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
Diskussionspapiere 1990 / 2022

The Signalling Channel of Negative Interest Rates

Negative interest rates remain a controversial policy for central banks. We study a novel signalling channel and ask under what conditions negative rates should exist in an optimal policymaker’s toolkit. We prove two necessary conditions for the optimality of negative rates: a time-consistent policy setting and a preference for policy smoothing. These conditions allow negative rates to signal policy ...

2022| Oliver de Groot, Alexander Haas
Schumpeter BSE Macro Seminar

Evergreening

19.10.2021| Pascal Paul, Federal Reserve Bank of San Francisco
Schumpeter BSE Macro Seminar

How unconventional is green monetary policy?

02.11.2021| Monika Piazzesi, Stanford University
Schumpeter BSE Macro Seminar

tba

09.11.2021| Morgan Kelly, Dublin
840 results, from 11
keyboard_arrow_up