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Money volatility and output volatility: any asymmetric effects?

Apergis, Nicholas; Miller, Stephen - In: Journal of Economic Studies 32 (2005) 6, pp. 511-523

influence on output volatility, i.e. the variance of output changes more due to positive changes than negative changes of money … volatility clustering. Findings – The empirical findings suggest that money supply volatility exerts a significant asymmetric … the volatility of money on the volatility of output in the case of the US. …

Persistent link: https://www.econbiz.de/10014863097

The effect of quantitative easing on the variance and covariance of the UK and US equity markets

Shogbuyi, Abiodun; Steeley, James M. - In: International review of financial analysis 52 (2017), pp. 281-291

Persistent link: https://www.econbiz.de/10011868757

Money and inflation : lessons from the US for ECB monetary policy

Belke, Ansgar; Polleit, Thorsten - 2007

We turn our attention to the role of money for determining nominal magnitudes. Using US data, we find that the … aggregate “nominal output plus and stock market capitalisation” is closely related to the money stock, lending support to one of … keep a very close eye on money supply if it wants to prevent consumer and/or asset price inflation. …

Persistent link: https://www.econbiz.de/10010206409

Money, credit, monetary policy, and the business cycle in the euro area : what has changed since the crisis?

Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019

This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...

Persistent link: https://www.econbiz.de/10012000041