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Business Cycle Volatility in Germany
Buch, Claudia M.; Doepke, Joerg; Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 2002
Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and the nature of this decline have so far been analyzed mainly for the United States. In this paper, we analyze whether structural breaks in the dynamics and the volatility of the...
Persistent link: https://www.econbiz.de/10005755211
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Noise Trading and the Effects of Monetary Policy Shocks on Nominal and Real Exchange Rates
Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 2003
the shock, not with a delay. This paper uses a ‘new open economy macroeconomicsÂ’ model with pricing-to-market to analyze …
Persistent link: https://www.econbiz.de/10005700633
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On the Hump-Shaped Output Effect of Monetary Policy in an Open Economy
Pierdzioch, Christian; Yener, Serkan - Institut für Weltwirtschaft (IfW) - 2004
economy macroeconomics" model, factors that imply a hump-shaped effect of a monetary policy shock on output. We find that a …
Persistent link: https://www.econbiz.de/10005818857
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Productivity Shocks and Delayed Exchange-Rate Overshooting
Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 2004
This paper uses a ‘new open economy macroeconomics’ model to study the effect of a productivity shock on exchange rate … demonstrate that these features imply that, in an otherwise standard ‘new open economy macroeconomics’ model, a productivity shock …
Persistent link: https://www.econbiz.de/10005818888