Search Results - Business Economics

Fiscal policy in the Bundestag : textual analysis and macroeconomic effects

Latifi, Albina; Naboka-Krell, Viktoriia; Tillmann, Peter; … - 2023

Fiscal policy is made in parliament. We go to the roots of changes of fiscal policy in Germany and use a novel data set on all parliamentary speeches in the Bundestag from 1960 to 2021. We propose an embedding-based approach, which allows the representation of words and documents in a shared...

Persistent link: https://www.econbiz.de/10013554877

The real and financial impact of COVID-19 around the world

Klose, Jens; Tillmann, Peter - 2022

In this paper, we study the impact of the COVID-19 pandemic in estimated panel VAR models for 92 countries. The large cross section of countries allows us to shed light on the heterogeneity of the responses of stock markets and NO2 emissions as high-frequency measures of economic activity. We...

Persistent link: https://www.econbiz.de/10012800866

Stock market response to Covid-19, containment measures and stabilization policies : the case of Europe

Klose, Jens; Tillmann, Peter - 2023

Persistent link: https://www.econbiz.de/10014373700

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Stock market response to COVID-19, containment measures and stabilization policies : the case of Europe

Klose, Jens; Tillmann, Peter - 2022

Book / Working Paper

News shocks spillovers : how the euro area responds to expected Fed policy

Rudel, Paul; Tillmann, Peter - 2018

improves sentiment and business cycle expectations in the euro area, which is consistent with the notion of the Fed revealing …

Persistent link: https://www.econbiz.de/10011921241

Pushing on a string : state-owned enterprises and monetary policy transmission in China

Chen, Hongyi; Li, Ran; Tillmann, Peter - 2018 - This version: February 06, 2018

This paper studies whether monetary transmission in China is asymmetric. While researchers found an asymmetric transmission in the U.S. and other economies, China offers a specific rationale for asymmetries: the presence of state-owned enterprises (SOEs) enjoying preferential access to...

Persistent link: https://www.econbiz.de/10011803747

Mortgage debt and time-varying monetary policy transmission

Finck, David; Schmidt, Jörg; Tillmann, Peter - 2018

We study the role of monetary policy for the dynamics of U.S. mortgage debt, which is the largest component of household indebtedness. A timevarying parameter VAR model allows us to study the variation in the mortgage debt sensitivity to monetary policy. We find that an identically-sized policy...

Persistent link: https://www.econbiz.de/10011803783

Monetary policy on Twitter and its effect on asset prices : evidence from computational text analysis

Lüdering, Jochen; Tillmann, Peter - 2016

In this paper we dissect the public debate about the future course of monetary policy and trace the effects of selected topics of this discourse on U.S. asset prices. We focus on the "taper tantrum" episode in 2013, a period with large revisions in expectations about Fed policy. Based on a novel...

Persistent link: https://www.econbiz.de/10011434676

Remittance inflows and state-dependent monetary policy transmission in developing countries

Machasio, Immaculate; Tillmann, Peter - 2016

Remittance inflows from overseas workers are an important source of foreign funding for developing and emerging economies. The literature is in- conclusive about the cyclical nature of remittance inflows. To the extent remittances are procyclical they pose a challenge to monetary policy: a...

Persistent link: https://www.econbiz.de/10011552526

The macroeconomic impact of unconventional monetary policy shocks

Meinusch, Annette; Tillmann, Peter - 2014

shocks. In contrast to other empirical approaches, QE is endogenously depending on the business cycle, can easily be studied …

Persistent link: https://www.econbiz.de/10010338158