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The Response of Stock Market Volatility to Futures-Based Measures of Monetary Policy Shocks

Gospodinov, Nikolay - 2015

In this paper, we investigate the dynamic response of stock market volatility to changes in monetary policy. Using a … vector autoregressive model, our findings reveal a significant and asymmetric response of stock returns and volatility to … monetary policy shocks. Although the increase in the volatility risk premium, futures-trading volume, and leverage appear to …

Persistent link: https://www.econbiz.de/10013026088

Does Inflation Targeting Matter for Output and Inflation Volatility? A Conditional Analysis

Gambetti, Luca - 2013

We address this question by examining the conditional dynamics of inflation and output growth in response to markup shocks for 14 industrialized countries. Markup shocks create a trade-off between output gap and inflation stabilization purposes, and the theory predicts that conditional on such...

Persistent link: https://www.econbiz.de/10013095590

The Macroeconomic Determinants of the US Term-Structure during the Great Moderation

Paccagnini, Alessia - 2014

The aim of this paper is to study how macroeconomic impulses can affect the term structure during the Great Moderation. As novelty in the research strategy, we create a term-structure using three latent factors of the yield curve. A Nelson-Siegel Model is implemented to estimate the latent...

Persistent link: https://www.econbiz.de/10014144946

Aid and growth : asymmetric effects?

Dörr, Leo - 2024 - Version: March 2024

This paper provides new empirical findings on the aid-growth relation. We find evidence for considerable asymmetry in the aid-growth relation; i.e., aid cuts have a large negative impact on economic activity, while increasing aid may be ineffective in promoting growth. Development aid thus...

Persistent link: https://www.econbiz.de/10014502327

Assessing impact of health oriented aid on infant mortality rates

Yousuf, Ahmed Sadek - 2012

This paper examines the relationship between health aid and infant mortality, using data from in total 135 countries (for the purposes of this study, developing countries), between 1975 and 2010. Utilizing both conventional Instrumental Variable and System GMM approaches, a tentative conclusion...

Persistent link: https://www.econbiz.de/10010219701

Impact of health aid on infant mortality rate

Yousuf, Ahmed Sadek - 2012

This paper examines the relationship between health aid and infant mortality, using data from in total 135 countries, between 1975 and 2010. According to the findings, aid comes to have a statistically significant and positive effect on infant mortality rate, as doubling of aid leads to an...

Persistent link: https://www.econbiz.de/10009692208

Worker's remittances and GDP growth in Pakistan

Hussain, Rashid; Anjum, Ghulam Abbas - In: International journal of economics and financial issues … 4 (2014) 2, pp. 376-381

Persistent link: https://www.econbiz.de/10010520468

Competition in Germany's minute reserve power market : an econometric analysis

Haucap, Justus; Heimeshoff, Ulrich; Jovanovic, Dragan - 2012

The German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP)....

Persistent link: https://www.econbiz.de/10009667279

Does Forecasts Transparency Affect Macroeconomic Volatility in Developing Countries ? Evidence From Quasi-Natural Experiments

Mazhar, Ummad; M'baye, Cheick Kader - Groupe d'Analyse et de Théorie Économique Lyon … - 2014

In this paper, we empirically investigate the link between forecasts transparency and macroeconomic volatility as … measured by inflation and output growth volatility in developing economies. We adopt the quasi-random controlled experiments … that increasing forecasts transparency unambiguously leads to higher macroeconomic volatility in developing countries …

Persistent link: https://www.econbiz.de/10010892355

Is there an information channel of monetary policy?

Holtemöller, Oliver; Kriwoluzky, Alexander; Kwak, Boreum - 2024

Exploiting the heteroscedasticity of the changes in short-term and long-term interest rates and exchange rates around the FOMC announcement, we identify three structural monetary policy shocks. We eliminate the predictable part of the shocks and study their effects on financial variables and...

Persistent link: https://www.econbiz.de/10014560738