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

DOI10.1016/j.econlet.2017.10.006zbMath1397.91461OpenAlexW2625464152MaRDI QIDQ1787260

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

zbMATH Keywords

uncertaintymonetary policy shocksgeneralized impulse response functionshistorical decompositioninteracted-VARnonlinear structural vector autoregressions

Mathematics Subject Classification ID

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

Related Items (8)

Liquidity traps and large-scale financial crises ⋮ Uncertainty-dependent effects of monetary policy shocks: a new-Keynesian interpretation ⋮ UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION ⋮ Uncertainty and forecasts of U.S. recessions ⋮ The nonlinear effects of uncertainty shocks ⋮ The global effects of Covid-19-induced uncertainty ⋮ Uncertainty shocks and the great recession: nonlinearities matter ⋮ The effect of monetary policy shocks on macroeconomic variables: evidence from the eurozone

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 *

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