The International Transmission of U.S. Structural Shocks PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The International Transmission of U.S. Structural Shocks PDF full book. Access full book title The International Transmission of U.S. Structural Shocks by Martin Feldkircher. Download full books in PDF and EPUB format.
Author: Martin Feldkircher
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Martin Feldkircher
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Kaouthar Souki
Publisher:
ISBN:
Category :
Languages : en
Pages : 172
Get Book Here
Book Description
Author: Ethan Ilzetzki
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Renato E. Reside
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 26
Get Book Here
Book Description
Author: Jongrim Ha
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Get Book Here
Book Description
This paper investigates the domestic and international transmission of monetary policy shocks into financial markets in five advanced open economies with inflation targeting- Australia, Canada, New Zealand, South Korea, and United Kingdom. This paper is new in identifying the impact of foreign (United States) and domestic monetary policy shocks on multiple financial asset prices in a unified structural VAR framework, using a novel set of high-frequency external instruments. Empirical results are summarized as follows. First, foreign exchange rates in the open economies respond to monetary shocks flexibly following domestic and foreign monetary shocks, showing little evidence on the puzzles raised by earlier studies (e.g., delayed overshooting). Second, despite the fluctuations in foreign exchange rates, the US monetary shocks strongly propagate into other types of open financial markets as well. Third, although the results provide evidence on the significant domestic transmission of monetary shocks into financial markets, US shocks appear to exhibit greater and more persistent influences over domestic asset prices than domestic shocks. Finally, counterfactual experiments reveal that the international transmission of US monetary policy shocks are operated through several channels, including via US asset prices and via foreign exchange rates.
Author: Haroon Mumtaz
Publisher:
ISBN:
Category :
Languages : en
Pages : 67
Get Book Here
Book Description
"This paper proposes an empirical model which can be used to estimate the impact of changes in the volatility of shocks to US real activity on the UK economy. The proposed empirical model is a structural VAR where the volatility of structural shocks is time varying and is allowed to affect the level of endogenous variables. Using this extended SVAR model we estimate that a one standard deviation increase in the volatility of the shock to US real GDP leads to a decline in UK GDP growth of 0.1% and a 0.1% increase in UK CPI inflation. The authors then use a non-linear small open economy New Keynesian business cycle model calibrated to US/UK economies to investigate what kind of stochastic volatility shocks can deliver such behaviour. They find that shocks that generate marginal cost uncertainty - such as foreign wage mark-up and productivity stochastic volatility shocks - can reproduce the macroeconomic aggregate responses obtained by the empirical model. An increase in uncertainty, associated with foreign demand shocks on the other hand has a negligible impact on the domestic economy."--Abstract.
Author: Nicola Cetorelli
Publisher: DIANE Publishing
ISBN: 1437933874
Category : Business & Economics
Languages : en
Pages : 41
Get Book Here
Book Description
Global banks played a significant role in transmitting the 2007-09 financial crisis to emerging-market (EM) economies. The authors examine adverse liquidity shocks on main developed-country banking systems and their relationships to EM across Europe, Asia, and Latin Amer., isolating loan supply from loan demand effects. Loan supply in EM across Europe, Asia, and Latin Amer. was affected significantly through three separate channels: (1) a contraction in direct, cross-border lending by foreign banks; (2) a contraction in local lending by foreign banks¿ affiliates in EM; and (3) a contraction in loan supply by domestic banks, resulting from the funding shock to their balance sheets induced by the decline in interbank, cross-border lending. Charts and tables.
Author: Renato E. Reside
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 44
Get Book Here
Book Description
Author: Jacques Miniane
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 66
Get Book Here
Book Description
Author: Dinesh J. Patel
Publisher: ICE Publishing
ISBN: 9780727757135
Category : Technology & Engineering
Languages : en
Pages : 0
Get Book Here
Book Description
Shock Transmission Units in Construction aims to provide best practice guidance in helping both new and experienced engineers to select the most appropriate STU for construction projects, ensuring that they are used to their full potential.
