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Interactions between financial markets and macroeconomic variables in EU : a nonlinear modeling approach

Albu, Lucian-Liviu; Lupu, Radu; Călin, Adrian Cantemir - 2015

There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...

Persistent link: https://www.econbiz.de/10011480254

Nonlinear transmission of financial shocks : some new evidence

Forni, Mario; Gambetti, Luca; Maffei-Faccioli, Nicolò; … - 2022

Financial shocks generate a protracted and quantitatively important effect on real economic activity and financial markets only if the shocks are both negative and large. Otherwise, their role is quite modest. Financial shocks have become more important for economic fluctuations after the 2000...

Persistent link: https://www.econbiz.de/10013207315

1980-2008 : the illusion of the perpetual money machine and what it bodes for the future

Sornette, Didier; Cauwels, Peter - In: Risks : open access journal 2 (2014) 2, pp. 103-131

globally. The result has been a succession of bubbles and crashes, including the worldwide stock market bubble and great crash … stock market bubbles, the emerging markets bubbles and crashes in 1994 and 1997, the Long-Term Capital Management (LTCM …) crisis of 1998, the dotcom bubble bursting in 2000, the recent house price bubbles, the financialization bubble via special …

Persistent link: https://www.econbiz.de/10010338039

Financial cycles, credit bubbles and stabilization policies

Corrado, Luisa; Schuler, Tobias - 2018

This paper analyzes the effects of several policy instruments to mitigate financial bubbles generated in the banking … policy instruments in counteracting financial bubbles. We find that an endogenous capital requirement reduces the impact of a …

Persistent link: https://www.econbiz.de/10011952012

Financial bubbles in interbank lending

Corrado, Luisa; Schuler, Tobias - 2018

financial bubbles generated in the banking sector and to mitigate the adverse effects of financial repression after a bubble …

Persistent link: https://www.econbiz.de/10011816826

Chaos control in presence of financial bubbles

Bella, Giovanni; Mattana, Paolo - In: Economics letters 193 (2020), pp. 1-3

Persistent link: https://www.econbiz.de/10012509092

Disentangling permanent and transitory monetary shocks with a nonlinear taylor rule

Lafuente, Juan Angel; Monfort, Mercedes; Pérez, Rafaela; … - In: Economics : the open-access, open-assessment journal 15 (2021) 1, pp. 150-162

This article provides an estimation method to decompose monetary policy innovations into persistent and transitory components using the nonlinear Taylor rule proposed in Andolfatto, Hendry, and Moran (2008) [Are inflation expectations rational? Journal of Monetary Economics , 55 , 406-422]. To...

Persistent link: https://www.econbiz.de/10012887149

Slovak economy in a period of recession : nonlinear DSGE model with time-varying parameters

Tvrz, Stanislav; Vašíček, Osvald - In: Ekonomický časopis : časopis pre ekonomickú … 63 (2015) 1, pp. 34-50

Persistent link: https://www.econbiz.de/10011341462

Modeling changes in US monetary policy with a time-varying nonlinear Taylor rule

Nguyen, Anh D. M.; Pavlidis, Efthymios G.; Peel, David - In: Studies in nonlinear dynamics and econometrics : SNDE ; … 22 (2018) 5, pp. 1-16

Persistent link: https://www.econbiz.de/10011966001

Financial fragmentation and the monetary transmission mechanism in the euro area : a smooth transition VAR approach

Kotz, Hans-Helmut; Semmler, Willi; Tahri, Ibrahim - In: Studies in nonlinear dynamics and econometrics : SNDE ; … 22 (2018) 5, pp. 1-19

Persistent link: https://www.econbiz.de/10011966015