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Uncertainty About the Persistence of Inflation
Pinkwart, Nicolas - 2010
This paper offers several contributions to actual research and discussion on monetary policy. It clarifies the relationship between uncertainty of inflation persistence and optimal monetary policy and discusses the consequences of the recent Blanchard proposal to implement a higher inflation...
Persistent link: https://www.econbiz.de/10013142495
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Uncertainty about the persistence of inflation
Pinkwart, Nicolas - 2010
This paper offers several contributions to actual research and discussion on monetary policy. It clarifies the relationship between uncertainty of inflation persistence and optimal monetary policy and discusses the consequences of the recent Blanchard proposal to implement a higher inflation...
Persistent link: https://www.econbiz.de/10003965025
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Invertibility and VAR representations of time-varying dynamic stochastic general equilibrium models
Cavicchioli, Maddalena - In: Computational economics 55 (2020) 1, pp. 61-86
Persistent link: https://www.econbiz.de/10012222592
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Optimal Top- n Policy
Hafalir, Isa Emin; Pan, Siqi; Tomoeda, Kentaro - 2022
The efficacy of the widely-adopted “top-n” policy in university integration has been questioned because students strategically relocate to low-achieving high schools. We show that when different SES groups have heterogenous relocation costs, the policy can even segregate minorities from the...
Persistent link: https://www.econbiz.de/10013298853
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Accuracy, speed and robustness of policy function iteration
Richter, Alexander W.; Throckmorton, Nathaniel A.; … - In: Computational economics 44 (2014) 4, pp. 445-476
Persistent link: https://www.econbiz.de/10010489870
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Quantifying financial stability trade-offs for monetary policy : a quantile VAR approach
Chavleishvili, Sulkhan; Kremer, Manfred; Lund-Thomsen, … - 2023
euro area covering the real economy, monetary policy and measures of ex ante and ex post systemic risk representing … take a risk management perspective, One exercise considers the intertemporal financial stability trade-off in the context …
Persistent link: https://www.econbiz.de/10014343148
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Explpring the use of the Kelly criterion for Basel capital requirement : an optimal and countercyclical appoach
Wong, Max C. Y. - In: Journal of risk management in financial institutions 8 (2015) 1, pp. 45-61
Persistent link: https://www.econbiz.de/10010526458
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Monetary policy uncertainty
Husted, Lucas; Rogers, John H.; Sun, Bo - 2017
We construct new measures of uncertainty about Federal Reserve policy actions and their consequences - monetary policy uncertainty (MPU) indexes. We show that, under a variety of VAR identification schemes, positive shocks to uncertainty about monetary policy robustly raise credit spreads and...
Persistent link: https://www.econbiz.de/10011780289
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Risk endogeneity at the lender/investor-of-last-resort
Caballero, Diego; Lucas, André; Schwaab, Bernd; Zhang, Xin - 2019
We address the question to what extent a central bank can de-risk its balance sheet by unconventional monetary policy … operations. To this end, we propose a novel risk measurement framework to empirically study the time-variation in central bank … generated beneficial risk spill-overs across monetary policy operations, causing overall risk to be nonlinear in exposures. Some …
Persistent link: https://www.econbiz.de/10011959298
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Risk endogeneity at the lender/investor-of-last-resort
Caballero, Diego; Lucas, André; Schwaab, Bernd; Zhang, Xin - 2019
Persistent link: https://www.econbiz.de/10011981369