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Displaying results 1 to 7 of 7.

  1. On the empirical relevance of the exchange rate as a shock absorber at the zero lower bound
    Author: Finck, David; Hoffmann, Mathias; Hürtgen, Patrick
    Published: [2023]
    Publisher:  Deutsche Bundesbank, Frankfurt am Main

    We estimate the effects of a negative asymmetric demand shock on the real exchange rate for the euro area vis-à-vis the United States, Canada, and Japan by state-dependent sign-restricted local projection methods. We find a real depreciation when... more

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    Location:
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 12
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    We estimate the effects of a negative asymmetric demand shock on the real exchange rate for the euro area vis-à-vis the United States, Canada, and Japan by state-dependent sign-restricted local projection methods. We find a real depreciation when interest rates are not at the ZLB, but also when they are. The exchange rate can accomodate considerable variations in output, confirming its shock-absorbing capacity before and during the ZLB episode. The stabilizing role of the exchange rate is accompanied by a significant expansion of the ECB’s balance sheet at the ZLB, while it remained unaffected in the pre-ZLB period. Our empirical results can be reconciled with an open economy New Keynesian model extended with unconventional monetary policy measures when interest rates are at the ZLB.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783957299413
    Other identifier:
    hdl: 10419/273722
    Edition: February 3, 2023
    Series: Discussion paper / Deutsche Bundesbank ; no 2023, 10
    Subjects: Zero Lower Bound; Exchange Rate; Local Projections; State-dependent Effects; Unconventional Monetary Policy; Demand Shocks
    Scope: 1 Online-Ressource (circa 61 Seiten), Illustrationen
  2. Sentimental business cycles
    Author: Ravn, Morten O.; Pappa, Euē; Lagerborg, Andresa Helena
    Published: 26 July 2020
    Publisher:  Centre for Economic Policy Research, London

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    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP15098
    Subjects: Consumer confidence; instrumental variables; Demand Shocks; incomplete markets; Search and Matching
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  3. The great demand depression
    Author: Weder, Mark
    Published: 2001
    Publisher:  Sonderforschungsbereich 373, Berlin

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QB 910 ; QB 910
    DDC Categories: 330; 380; 650; 670
    Series: Discussion paper / Humboldt-Universität zu Berlin, Sonderforschungsbereich 373 Quantifikation und Simulation Ökonomischer Prozesse ; 2001,53
    Subjects: Konjunktur; Schock <Wirtschaft>; Gesamtwirtschaftliche Nachfrage; Allgemeines Gleichgewicht; Wirtschaft; :z Geschichte; Theorie; :z Geschichte 1929-1939
    Other subjects: (stw)1929-1939; (stw)Konjunktur; (stw)Schock; (stw)Gesamtwirtschaftliche Nachfrage; (stw)Allgemeines Gleichgewicht; (stw)Wirtschaftsgeschichte; (stw)Theorie; (stw)USA; Array; (Economic theory)Demand (Economic theory); Great Depression; Dynamic General Equilibrium; Demand Shocks; Depressions--1929--Econometric models; Demand (Economic theory); Arbeitspapier; Graue Literatur
    Scope: 25 S., graph. Darst., 21 cm
    Notes:

    Literaturverz. S. 18 - 21
  4. The Great Demand Depression
    Author: Weder, Mark
    Published: 2001
    Publisher:  Humboldt-Universität zu Berlin, Berlin

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  5. When the big one came
    a natural experiment on demand shock and market structure in India's influenza vaccine markets
    Author: Adbi, Arzi; Chatterjee, Chirantan; Drev, Matej; Mishra, Anant
    Published: 2018
    Publisher:  INSEAD, [Fontainebleau]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Revised version of 2018/21/STR
    Series: Array ; 2018, 45
    Subjects: Demand Shocks; Influenza; New Product Development; Emerging Economy; Public Policy; Natural Experiment
    Scope: 1 Online-Ressource (circa 41 Seiten)
  6. When the big one came
    a natural experiment on demand shock and market structure in India's influenza vaccine markets
    Author: Adbi, Arzi; Chatterjee, Chirantan; Drev, Matej; Mishra, Anant
    Published: 2018
    Publisher:  INSEAD, [Fontainebleau]

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: Revised version of 2017/51/STR
    Series: Array ; 2018, 21
    Subjects: Demand Shocks; Influenza; New Product Development; Emerging Economy; Public Policy; Natural Experiment
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  7. Demand shocks, sector-level externalities, and the evolution of comparative advantage
    Author: Verdini, Daniele
    Published: [2019]
    Publisher:  Institut de recherches économiques et sociales de l'Université catholique de Louvain, Louvain-la-Neuve, Belgique

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 107
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    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 2078.1/214986
    Series: Discussion paper / Institut de recherches économiques et sociales de l'Université catholique de Louvain ; 2019, 7
    Subjects: International Trade; Dynamic Comparative Advantage; Sector-level Externality; Demand Shocks
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen