Uncertainty and the real effects of monetary policy shocks in the euro area

DOI10.1016/J.ECONLET.2017.10.006zbMATH Open1397.91461OpenAlexW2625464152MaRDI QIDQ1787260FDOQ1787260

Authors: Giovanni Pellegrino 

Publication date: 5 October 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2017.10.006

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zbMATH Keywords

monetary policy shocksuncertaintygeneralized impulse response functionshistorical decompositioninteracted-VARnonlinear structural vector autoregressions

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites Work

• Impulse response analysis in nonlinear multivariate models
• The Impact of Uncertainty Shocks
• Inflation dynamics and time-varying volatility: new evidence and an Ss interpretation

Cited In (22)

• Uncertainty-dependent effects of monetary policy shocks: a new-Keynesian interpretation
• Uncertainty shocks and the great recession: nonlinearities matter
• Monetary policy uncertainty and economic fluctuations
• Information effects of euro area monetary policy
• The nonlinear effects of uncertainty shocks
• Liquidity traps and large-scale financial crises
• UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION
• Macroeconomic uncertainty and bank lending
• Monetary policy uncertainty and bank leverage: evidence from China
• Uncertainty shocks, banking frictions and economic activity
• Monetary policy and interest rate spreads
• The global effects of Covid-19-induced uncertainty
• Euro area house prices and unconventional monetary policy surprises
• Chapter 12 State Asymmetries in the Effects of Monetary Policy Shocks on Output: Some New Evidence for the Euro-Area
• The macro and asset pricing implications of rising Italian uncertainty: evidence from a novel news-based macroeconomic policy uncertainty index
• Uncertainty and fiscal policy in an asymmetric monetary union
• Risk aversion, uncertainty, and monetary policy: structural vector autoregressions identified with high-frequency external instruments
• Uncertainty and forecasts of U.S. recessions
• The relative importance of monetary policy, uncertainty, and financial shocks
• The effect of monetary policy shocks on macroeconomic variables: evidence from the eurozone
• Nonlinear monetary policy in Europe: fact or myth?
• The role of systemic risk spillovers in the transmission of euro area monetary policy

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