Search Results

Loan as a Durable Good and Bank Indirect-Tax Incidence,
Gerasimos T. Soldatos and Erotokritos Varelas, from University Library of Munich, Germany (2015)
Keywords: Loan life, Bank indirect-tax incidence, Bank market power, Quantity competition, Capital accumulation

China's Investment Rate: Implications and Data Reliability,
Carsten Holz, from University Library of Munich, Germany (2015)
Keywords: investment rate, capital-output ratio, ICOR, national investment strategy, economic growth

Macroprudential Policy: What Does It Really Mean,
Claude Lopez, Donald Markwardt and Keith Savard, from University Library of Munich, Germany (2015)
Keywords: Macroprudential, Systemic Risk

Structural and institutional determinants of investment activity in Africa,
Chuku Chuku, Kenneth Onye and Hycent Ajah, from University Library of Munich, Germany (2015)
Keywords: Investments, financial openness, institutional quality, nonparametric regression, GMM

The role of component-wise boosting for regional economic forecasting,
Robert Lehmann and Klaus Wohlrabe, from University Library of Munich, Germany (2015)
Keywords: boosting; regional economic forecasting; gross domestic product

Banking, Currency, Stock Market and Debt Crises: Revisiting Reinhart & Rogoff Debt Analysis in Spain, 1850-1995,
J. Carles Maixé-Altés and Emma Iglesias, from University Library of Munich, Germany (2015)
Keywords: Austerity, Macroeconomic Policy, Fiscal Policy, Banking Crises, Currency Crises, Stock Market Crises, Debt Crises, Financial History

Loan as a Durable Good and Bank Indirect-Tax Incidence,
Gerasimos T. Soldatos and Erotokritos Varelas, from University Library of Munich, Germany (2015)
Keywords: Loan life, Bank indirect-tax incidence, Bank market power, Quantity competition, Capital accumulation

The Effect of Bank Shocks on Firm-Level and Aggregate Investment,
João Amador and Arne Nagengast, from Banco de Portugal, Economics and Research Department (2015)

Taylor rules for CEE-EU countries: How much heterogeneity?,
Meerim Sydykova and Georg Stadtmann, from European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics (2015)
Keywords: CEE, monetary policy, currency union, convergence, Taylor rule

Testing the Predictability of Consumption Growth: Evidence from China,
Liping(Sophia) Gao and Hyeongwoo Kim, from Department of Economics, Auburn University (2015)
Keywords: Permanent Income Hypothesis; Consumption; Diebold-Mariano-West Statistic

Series Contabilidad Regional (II): Asalariados, rentas del trabajo y salarios medios,
Angel de La Fuente, from BBVA Bank, Economic Research Department (2015)
Keywords: Análisis Macroeconómico , Documento de Trabajo , España

Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries,
Gabriel Bruneau and Kevin Moran, from Bank of Canada (2015)
Keywords: Econometric and statistical methods; Exchange rate regimes; Exchange rates; Labour markets; Recent economic and financial developments

The Conquest of Israeli Inflation and Current Policy Dilemmas,
Alex Cukierman and Rafi Melnick, from C.E.P.R. Discussion Papers (2015)
Keywords: Dollarization; Expectations anchoring; Inflation uncertainty; Relative price variability

On Zombie Banks and Recessions after Systemic Banking Crises,
Sweder van Wijnbergen, from C.E.P.R. Discussion Papers (2015)
Keywords: Bank recapitalization; Economic recovery; Financial crises; Intervention; Regulatory forbearance; Zombie banks

Financial Intermediation, Capital Accumulation, and Recovery,
Jean Rochet, Hans Gersbach and Martin Scheffel, from C.E.P.R. Discussion Papers (2015)
Keywords: Banking crises; Business cycles; Bust-boom cycles; Capital accumulation; Financial intermediation; Macroeconomic shocks; Recovery policies

Solving OLG Models with Asset Choice,
Michael Reiter, from Society for Economic Dynamics (2015)

The Forward Guidance Puzzle,
Marc Giannoni, Christina Patterson and Marco Del Negro, from Society for Economic Dynamics (2015)

Zins- und Wohlfahrtseffekte extremer Niedrigzinspolitik für die Sparer in Deutschland,
Gerhard Rösl and Karl-Heinz Tödter, from ROME Network (2015)
Keywords: Financial repression, interest rate policy, EZB, savings losses, welfare, OLGmodel, intertemporal distortions, deadweight loss, retirement consumption

Banking Union as a Shock Absorber,
Ansgar Belke and Daniel Gros, from ROME Network (2015)
Keywords: banking union, currency union, default, shock absorber, two-tier reinsurance system.

Planned Fiscal Consolidations and Growth Forecast Errors – New Panel Evidence on Fiscal Multipliers,
Ansgar Belke, Dominik Kronen and Thomas Osowski, from ROME Network (2015)
Keywords: fiscal multiplier, austerity, growth forecast errors, panel econometrics

Perils of quantitative easing,
Michael McMahon, Udara Peiris and Herakles Polemarchakis, from Centre for Research in Economic Theory and its Applications CRETA (2015)
Keywords: Quantitative easing ; credit easing ; in flation JEL Classification Numbers: D50 ; E31 ; E52

Quantitative Easing in an Open Economy: Prices, Exchange Rates and Risk Premia,
Udara Peiris and Herakles Polemarchakis, from Centre for Research in Economic Theory and its Applications CRETA (2015)

An Axiomatic Characterization of the Price-Money Message Mechanism,
Ken Urai and Hiromi Murakami, from Osaka University, Graduate School of Economics (2015)
Keywords: Axiomatic Characterization, Resource Allocation Mechanism, Informational Efficiency, Monetary Equilibrium, Overlapping-Generations Model, Replica Core Equivalence, Universal Mapping Property

Identifying Central Bank Liquidity Super-Spreaders in Interbank Funds Networks,
C. Machado, Miguel Sarmiento and C. León, from Tilburg University, Center for Economic Research (2015)
Keywords: interbank; liquidity; monetary policy; financial stability; networks; super-spreader; central bank

Keynes´s Approach to Macroeconomic Modelling: a Popperian Reconstruction,
Alfonso Palacio Vera, from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales (2015)
Keywords: Popper, Keynes, Rationality Principle, Macro-models, and Induction.

The effects of volatility, fiscal policy cyclicality and financial development on growth: evidence for the Eastern Caribbean,
Markus Brüeckner and Francisco Carneiro, from The World Bank (2015)
Keywords: Pro-Poor Growth,Economic Theory&Research,Emerging Markets,Economic Conditions and Volatility,Inequality

The lean versus clean debate and monetary policy in South Africa,
Leroi Raputsoane, from University Library of Munich, Germany (2015)
Keywords: Lean versus clean debate, Monetary policy regimes, Financial distress

Monetary Policy in a Developing Country: Loan Applications and Real Effects,
Charles Abuka, Ronnie K. Alinda, Camelia Minoiu, Jose-Luis Peydro and Andrea Presbitero, from Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences (2015)
Keywords: Bank balance sheet channel, Bank lending channel, Developing countries, Monetary policy transmission

MEDIUM-TERM MACROECONOMIC VOLATILITY AND ECONOMIC DEVELOPMENT: A NEW TECHNIQUE,
Sam Tang, from The University of Western Australia, Department of Economics (2015)

The Return to College: Selection and Dropout Risk,
Lutz Hendricks and Oksana Leukhina, from Human Capital and Economic Opportunity Working Group (2015)
Keywords: education, college premium, college dropout risk

How Risky Is College Investment?,
Lutz Hendricks and Oksana Leukhina, from Human Capital and Economic Opportunity Working Group (2015)
Keywords: education, college dropout risk

Non-Keynesian Savings of Russians,
Dmitrii Timofeev, from National Research University Higher School of Economics (2015)
Keywords: savings, monetary policy, business cycle, recession, Russia, Euler equation, CCAPM, stochastic discount factor

Decompr: Global Value Chain Decomposition In R,
Bastiaan Quast and Victor Kummritz, from Centre for Trade and Economic Integration, The Graduate Institute (2015)
Keywords: Global Value Chains, Trade in Value Added, Export Decomposition

Preferences and pollution cycles,
Stefano Bosi, David Desmarchelier and Lionel Ragot, from University of Paris Nanterre, EconomiX (2015)
Keywords: pollution, endogenous labor supply, limit cycle, Ramsey model.

The Welfare State and the demographic dividend: A cross-country comparison,
Gemma Abio, Concepció Patxot, Miguel Sánchez-Romero and Guadalupe Souto Nieves, from University of Barcelona School of Economics (2015)
Keywords: Ageing, demographic dividend, intergenerational transfers, national transfer accounts, overlapping generations model, welfare state.

Governement Spending Composition, Aggregate Demand, Growth and Distribution,
Daniele Tavani and Luca Zamparelli, from IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute (2015)
Keywords: Keynesian growth, Government spending composition, Factor shares, Fiscal policys

Answers to Five Questions Related to U.S. Monetary Policy,
James Bullard, from Federal Reserve Bank of St. Louis (2015)

Asymmetric exchange rate pass-through: Evidence from Peru,
Fernando Pérez Forero and Marco Vega, from Banco Central de Reserva del Perú (2015)
Keywords: Exchange rate pass-through, asymmetric impulse responses, non-linear models

Consumption Uncertainty and Precautionary Saving,
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli and Maarten van Rooij, from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2015)
Keywords: Consumption Risk, Euler Equation, Prudence, Precautionary Saving, Subjective Expectations.

Taylor rules, central bank preferences and inflation targeting,
Juan Paez-Farrell, from The University of Sheffield, Department of Economics (2015)
Keywords: Small open economies; monetary policy; policy preferences; Taylor rule; inverse opti-mal control; inflation targeting

Creación y Destrucción de Empleos e Informalidad,
Nikita Cespedes Reynaga, from Banco Central de Reserva del Perú (2015)
Keywords: Creación de empleo, destrucción de empleo, ciclo económico, informalidad laboral, duración de desempleo, duración de empleo

Interest Rate Pass-through: A Nonlinear Vector Error-correction Approach,
Michal Popiel, from Economics Department, Queen's University (2016)
Keywords: Interest rate pass-through, cointegration, asymmetric adjustment, nonlinear vector error-correction model

If You Get What You Want, Do You Get What You Need? Course Choice and Achievement Effects of a Vocational Education and Training Voucher Scheme,
Duncan McVicar and Cain Polidano, from Queen's Management School, Queen's University Belfast (2015)
Keywords: Vocational education and training (VET), Vouchers, Student achievement

Quantity versus Price Bank Competition and Macroeconomic Performance given Bank Concentration,
Erotokritos Varelas, from Department of Economics, University of Macedonia (2015)
Keywords: Bank competition, Bank concentration, Public debt, Macroeconomic stability, Monetary policy.

Second-Order Accelerator of Investment: The Case of Discrete Time,
Erotokritos Varelas and Eleni Dalla, from Department of Economics, University of Macedonia (2015)
Keywords: Hillinger’s second order accelerator model, investment cycles,educational macroeconomics.

Monetary and Macroprudential Policies under Fixed and Variable Interest Rates,
Margarita Rubio, from University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM) (2015)
Keywords: Fixed/Variable-rate mortgages, monetary policy, macroprudential policy, LTV, housing market, collateral constraint

Fiscal multipliers and time preference,
Gilberto Marcheggiano and David Miles, from Monetary Policy Committee Unit, Bank of England (2015)

The relevance or otherwise of the central bank’s balance sheet,
David Miles and Jochen Schanz, from Monetary Policy Committee Unit, Bank of England (2015)
Keywords: Unconventional monetary policy; quantitative easing.

What are the macroeconomic effects of asset purchases?,
Martin Wales and Tomasz Wieladek, from Monetary Policy Committee Unit, Bank of England (2015)
Keywords: Unconventional monetary policy; Bayesian VAR; Hierarchical prior; Litterman prior.

The shocks matter: improving our estimates of exchange rate pass-through,
Kristin Forbes, Ida Hjortsoe and Tsvetelina Nenova, from Monetary Policy Committee Unit, Bank of England (2015)
Keywords: Exchange rate pass-through; import prices; consumer prices; inflation; vector autoregression.

Dynamic hierarchical models for monetary transmission,
Paolo Giudici and Laura Parisi, from University of Pavia, Department of Economics and Management (2015)
Keywords: Forecasting Bank Interest Rates, Dynamic Time Series Models, Hierarchical Models

Parameter bias in an estimated DSGE model: does nonlinearity matter?,
Yasuo Hirose and Takeki Sunakawa, from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University (2015)
Keywords: Nonlinearity, Zero lower bound, DSGE model, Parameter bias, Bayesian estimation

The Two Approaches to Money: Debt, Central Banks, and Functional Finance,
Giuseppe Mastromatteo and Lorenzo Esposito, from Levy Economics Institute (2015)
Keywords: Crisis; Functional Finance; Debt; Growth; Sustainability of Public Finance; Central Bank Independence

Debt Sustainability in Sub-Saharan Africa: Unraveling Country-Specific Risks,
Bill Battaile, F. Leonardo Hernández and Vivian Norambuena, from University of Chile, Department of Economics (2015)

On the sources of macroeconomic stability in the euro area,
Sanvi Avouyi-Dovi and Jean-Guillaume Sahuc, from Banque de France (2015)
Keywords: Macroeconomic volatility, quantity theory of money, monetary policy, DSGE model, euro area.

Commercial bank failures during The Great Recession: the real (estate) story,
Adonis Antoniades, from Bank for International Settlements (2015)
Keywords: bank failures, Great Recession, real estate, mortgage-backed securities, credit lines, credit growth

Inflation targeting in developing economies revisited,
John Thornton, from Bangor Business School, Prifysgol Bangor University (Cymru / Wales) (2015)
Keywords: inflation targeting, monetary regimes, developing economies

Foreign shocks,
Drago Bergholt, from Norges Bank (2015)
Keywords: DSGE, small open economy, international business cycles, Bayesian estimation

The Regime-switching volatility of Euro Area Business Cycles,
Stéphane Lhuissier, from CEPII research center (2015)
Keywords: Business Cycles;DSGE;Euro Area;Heteroskedasticity;Markov-switching

GDP Nowcasting: Assessing business cycle conditions in Argentina,
Laura D´Amato, Maria Garegnani and Emilio Blanco, from Central Bank of Argentina, Economic Research Department (2015)
Keywords: bridge equations, dynamic factor models, nowcasting

Simulation of the term structure. An application for measuring the interest rate risk,
Mirta González and María Cecilia Pérez, from Central Bank of Argentina, Economic Research Department (2015)
Keywords: interest rate risk, regulation, risk management, term structure

Heterogeneity of markups at the firm level and changes during the great recession: the case of spain,
Cristina Fernández, Aitor Lacuesta, José Manuel Montero and Alberto Urtasun, from Banco de España (2015)
Keywords: markups, production function, market power, heterogeneity

The unbearable divergence of unemployment in europe,
Tito Boeri and Juan F Jimeno, from Banco de España (2015)
Keywords: unemployment, conditionality, employment policies

Wages and prices in Italy during the crisis: the firms� perspective,
Francesco D�Amuri, Silvia Fabiani, Roberto Sabbatini, Raffaele Tartaglia Polcini, Fabrizio Venditti, Eliana Viviano and Roberta Zizza, from Bank of Italy, Economic Research and International Relations Area (2015)
Keywords: labour cost adjustment, pricing strategies

Shoe-leather costs in the euro area and the foreign demand for euro banknotes,
Alessandro Calza and Andrea Zaghini, from Bank of Italy, Economic Research and International Relations Area (2015)
Keywords: money demand, welfare cost of inflation, currency abroad, euro banknotes

The macroeconomic effects of low and falling inflation at the zero lower bound,
Stefano Neri and Alessandro Notarpietro, from Bank of Italy, Economic Research and International Relations Area (2015)
Keywords: DSGE models, zero lower bound, debt-deflation channel, down- ward nominal wage rigidities.

The supply side of household finance,
Gabriele Foà, Leonardo Gambacorta, Luigi Guiso and Paolo Emilio Mistrulli, from Bank of Italy, Economic Research and International Relations Area (2015)
Keywords: mortgage choice, financial advice, household finance

Fiscal Conditions and Long-term Interest Rates,
Koji Nakamura and Tomoyuki Yagi, from Bank of Japan (2015)
Keywords: long-term interest rates; fiscal conditions; monetary policy

The systemic roots of Russia’s recession,
Marek Dabrowski, from Bruegel (2015)

Is globalisation reducing the ability of central banks to control inflation?,
Guntram Wolff and Grégory Claeys, from Bruegel (2015)

The limitations of policy coordination in the euro area under the European Semester,
Zsolt Darvas and Alvaro Leandro, from Bruegel (2015)

Filling the gap- open economy considerations for more reliable potential output estimates,
Zsolt Darvas and András Simon, from Bruegel (2015)

Squaring the cycle- capital flows, financial cycles, and macro-prudential policy in the euro area,
Silvia Merler, from Bruegel (2015)

Macroprudential supervision- from theory to policy,
Dirk Schoenmaker and Peter Wierts, from Bruegel (2015)

Operating Leverage over the Business Cycle,
Arnab Bhattacharjee, Chris Higson and Sean Holly, from Faculty of Economics, University of Cambridge (2015)
Keywords: operating margin, panel data, fixed and flexible costs, business cycles

Financial Sector Interconnectedness and Monetary Policy Transmission,
Alessandro Barattieri, Maya Eden and Dalibor Stevanovic, from Collegio Carlo Alberto (2015)
Keywords: Financial sector interconnectedness, monetary policy transmission mechanism

Energy Business Cycles,
David Meenagh, A. Patrick Minford and Olayinka Oyekola, from Cardiff University, Cardiff Business School, Economics Section (2015)
Keywords: Two sector; US DSGE model; Oil price volatility; Open economy; Indirect inference

The effects of global bank competition and presence on local business cycles: The Goldilocks principle does not apply to global banking,
Uluc Aysun, from University of Central Florida, Department of Economics (2015)
Keywords: Global banks, Cournot competition, real business cycles, bank size

Excess reserves and monetary policy normalization,
Roc Armenter and Benjamin Lester, from Federal Reserve Bank of Philadelphia (2015)
Keywords: Excess reserves; Federal funds market; Federal funds rate

Fiscal stimulus in economic unions: what role for states?,
Gerald Carlino and Robert P. Inman, from Federal Reserve Bank of Philadelphia (2015)
Keywords: Fiscal federalism; Intergovernmental aid; Aggregate Stabilization policy; Multiplier analysis

Foreign competition and banking industry dynamics: an application to Mexico,
P. Dean Corbae and Pablo D'Erasmo, from Federal Reserve Bank of Philadelphia (2015)
Keywords: Global banks; Foreign bank competition; Bank industry dynamics

Banking panics and protracted recessions,
Daniel Sanches, from Federal Reserve Bank of Philadelphia (2015)
Keywords: Banking panic; Deposit contract; Suspension of convertibility; Time-consistent policy

Health-care reform or labor market reform? A quantitative analysis of the affordable care act,
Makoto Nakajima and Didem Tuzemen, from Federal Reserve Bank of Philadelphia (2015)
Keywords: Health insurance; Health-care reform; Affordable care act; Labor market; Heterogeneous agents

Measurement Errors and Monetary Policy: Then and Now,
Pooyan Amir-Ahmadi, Christian Matthes and Mu-Chun Wang, from Federal Reserve Bank of Richmond (2015)
Keywords: real-time data; time-varying parameters; stochastic volatility; impulse responses

Intergenerational Linkages in Household Credit,
Andra Ghent and Marianna Kudlyak, from Federal Reserve Bank of Richmond (2015)
Keywords: Household Finance; Intergenerational Mobility; Credit Constraints; Income Inequality