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Uncertainty and monetary policy in good and bad times : A replication of the vector autoregressive investigation by Bloom (2009)

Caggiano, Giovanni; Castelnuovo, Efrem; Nodari, Gabriela - In: Journal of Applied Econometrics 37 (2021) 1, pp. 210-217

Persistent link: https://www.econbiz.de/10012632842

Policy Forum : Macroeconomic Policies and the Business Cycle: Evidence and Recommendations

Castelnuovo, Efrem - In: Australian Economic Review 53 (2020) 1, pp. 93-94

Persistent link: https://www.econbiz.de/10012190055

The Fed's Preference for Policy Rate Smoothing: Overestimation Due to Misspecification?

Castelnuovo, Efrem - In: Topics in Macroeconomics 6 (2006) 2

The federal funds rate is featured by frequent, small changes in the same direction and infrequent reversals. How to replicate the observed smooth behavior of the federal funds rate with a small scale macroeconomic model? This paper compares the descriptive performance of an empirical fully...

Persistent link: https://www.econbiz.de/10014588411

Macroeconomic Policies in a Low Interest Rate Environment: Back to Keynes?

Castelnuovo, Efrem; Lim, Guay; Pellegrino, Giovanni - In: Australian Economic Review 51 (2018) 1, pp. 70-86

Persistent link: https://www.econbiz.de/10012085448

Introduction to the Policy Forum: Macroeconomic Policies after the Global Financial Crisis

Castelnuovo, Efrem - In: Australian Economic Review 51 (2018) 1, pp. 68-69

Persistent link: https://www.econbiz.de/10012085449

What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers

Castelnuovo, Efrem; Lim, Guay - In: Australian Economic Review 52 (2019) 1, pp. 78-93

Persistent link: https://www.econbiz.de/10012085491

Yield Curve and Financial Uncertainty : Evidence Based on US Data

Castelnuovo, Efrem - In: Australian Economic Review 52 (2019) 3, pp. 323-335

Persistent link: https://www.econbiz.de/10012085512

Economic Policy Uncertainty Spillovers in Booms and Busts

Caggiano, Giovanni; Castelnuovo, Efrem; Figueres, Juan … - In: Oxford Bulletin of Economics and Statistics 82 (2019) 1, pp. 125-155

Persistent link: https://www.econbiz.de/10012095519

Definition of price stability, range and point inflation targets: the anchoring of long-term inflation expectations

Rodriguez-Palenzuela, Diego; Castelnuovo, Efrem; … - European Central Bank - 2003

JEL Classification: E52, E61, E31, E42, E43

Persistent link: https://www.econbiz.de/10005530707

Squeezing the Interest Rate Smoothing Weight with a Hybrid Expectations Model

Castelnuovo, Efrem - Fondazione ENI Enrico Mattei (FEEM) - 2003

Successful descriptions of short-term nominal interest rates inertial behavior have frequently been obtained with small scale macro models in which a Central Banker minimizes a loss function embedding an argument labelled as interest rate smoothing. The rationale for this argument is not...

Persistent link: https://www.econbiz.de/10005423086