Does the Covid-19 Shock Matter for Monetary Policy?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Isoré, Marlène & Szczerbowicz, Urszula, 2017.
"Disaster risk and preference shifts in a New Keynesian model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 79(C), pages 97-125.
- Isoré, Marlène & Szczerbowicz, Urszula, 2015. "Disaster risk and preference shifts in a New Keynesian model," MPRA Paper 65643, University Library of Munich, Germany.
- M. Isoré & U. Szczerbowicz, 2016. "Disaster Risk and Preference Shifts in a New Keynesian Model," Working papers 614, Banque de France.
- Marlène Isoré & Urszula Szczerbowicz, 2015. "Disaster Risk and Preference Shifts in a New Keynesian Model," Working Papers 2015-16, CEPII research center.
- A. Colin Cameron & Jonah B. Gelbach & Douglas L. Miller, 2008.
"Bootstrap-Based Improvements for Inference with Clustered Errors,"
The Review of Economics and Statistics, MIT Press, vol. 90(3), pages 414-427, August.
- Jonah B. Gelbach & Doug Miller & A. Colin Cameron, 2006. "Bootstrap-Based Improvements for Inference with Clustered Errors," Working Papers 128, University of California, Davis, Department of Economics.
- A. Colin Cameron & Jonah B. Gelbach & Douglas L. Miller, 2007. "Bootstrap-Based Improvements for Inference with Clustered Errors," NBER Technical Working Papers 0344, National Bureau of Economic Research, Inc.
- Caldara, Dario & Fuentes-Albero, Cristina & Gilchrist, Simon & Zakrajšek, Egon, 2016.
"The macroeconomic impact of financial and uncertainty shocks,"
European Economic Review, Elsevier, vol. 88(C), pages 185-207.
- Dario Caldara & Cristina Fuentes-Albero & Simon Gilchrist & Egon Zakrajšek, 2016. "The Macroeconomic Impact of Financial and Uncertainty Shocks," NBER Working Papers 22058, National Bureau of Economic Research, Inc.
- Dario Caldara & Cristina Fuentes-Albero & Simon Gilchrist & Egon Zakrajšek, 2016. "The Macroeconomic Impact of Financial and Uncertainty Shocks," International Finance Discussion Papers 1166, Board of Governors of the Federal Reserve System (U.S.).
- Fratzscher, Marcel & Grosse-Steffen, Christoph & Rieth, Malte, 2020.
"Inflation targeting as a shock absorber,"
Journal of International Economics, Elsevier, vol. 123(C).
- M. Fratzscher & C. Grosse Steffen & M. Rieth, 2017. "Inflation Targeting as a Shock Absorber," Working papers 655, Banque de France.
- Marcel Fratzscher & Christoph Grosse Steffen & Malte Rieth, 2018. "Inflation Targeting as a Shock Absorber," Discussion Papers of DIW Berlin 1721, DIW Berlin, German Institute for Economic Research.
- Lutz Kilian & Logan T. Lewis, 2011.
"Does the Fed Respond to Oil Price Shocks?,"
Economic Journal, Royal Economic Society, vol. 121(555), pages 1047-1072, September.
- Kilian, Lutz & Lewis, Logan, 2009. "Does the Fed Respond to Oil Price Shocks?," CEPR Discussion Papers 7594, C.E.P.R. Discussion Papers.
- Olivier Coibion & Yuriy Gorodnichenko, 2012.
"Why Are Target Interest Rate Changes So Persistent?,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 4(4), pages 126-162, October.
- Olivier Coibion & Yuriy Gorodnichenko, 2011. "Why Are Target Interest Rate Changes So Persistent?," NBER Working Papers 16707, National Bureau of Economic Research, Inc.
- Olivier Coibion & Yuriy Gorodnichenko, 2011. "Why are target interest rate changes so persistent?," Working Papers 106, Department of Economics, College of William and Mary.
- Blundell, Richard & Bond, Stephen, 1998.
"Initial conditions and moment restrictions in dynamic panel data models,"
Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
- R Blundell & Steven Bond, "undated". "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
- Blundell, R. & Bond, S., 1995. "Initial Conditions and Moment Restrictions in Dynamic Panel Data Models," Economics Papers 104, Economics Group, Nuffield College, University of Oxford.
- Richard Blundell & Stephen Bond, 1995. "Initial conditions and moment restrictions in dynamic panel data models," IFS Working Papers W95/17, Institute for Fiscal Studies.
- Martin Bodenstein & Luca Guerrieri & Lutz Kilian, 2012.
"Monetary Policy Responses to Oil Price Fluctuations,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 60(4), pages 470-504, December.
- Kilian, Lutz & Bodenstein, Martin & Guerrieri, Luca, 2012. "Monetary policy responses to oil price fluctuations," CEPR Discussion Papers 8928, C.E.P.R. Discussion Papers.
- Anton Nakov & Andrea Pescatori, 2010.
"Monetary Policy Trade‐Offs with a Dominant Oil Producer,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(1), pages 1-32, February.
- Anton Nakov & Andrea Pescatori, 2010. "Monetary Policy Trade-Offs with a Dominant Oil Producer," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(1), pages 1-32, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Samuel Wills, 2012.
"Optimal Monetary Responses to Oil Discoveries,"
Discussion Papers
1408, Centre for Macroeconomics (CFM), revised Apr 2014.
- Wills, Samuel, 2014. "Optimal monetary responses to oil discoveries," LSE Research Online Documents on Economics 58104, London School of Economics and Political Science, LSE Library.
- Samuel Wills, 2014. "Optimal Monetary Responses to Oil Discoveries," CAMA Working Papers 2014-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Ratti, Ronald A. & Vespignani, Joaquin L., 2013.
"Crude oil prices and liquidity, the BRIC and G3 countries,"
Energy Economics, Elsevier, vol. 39(C), pages 28-38.
- Ratti, Ronald A & Vespignani, Joaquin L., 2012. "Crude Oil Prices and Liquidity, the BRIC and G3 countries," MPRA Paper 44049, University Library of Munich, Germany.
- Ratti, Ronald A & Vespignani, Joaquin L., 2012. "Crude Oil Prices and Liquidity, the BRIC and G3 countries," Working Papers 15727, University of Tasmania, Tasmanian School of Business and Economics, revised 17 Dec 2012.
- Shirota, Toyoichiro, 2019. "Shock matters for estimating monetary policy rules," Economics Letters, Elsevier, vol. 181(C), pages 54-56.
- Samuel Wills, 2013.
"Optimal Monetary Responses to News of an Oil Discovery,"
OxCarre Working Papers
121, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- Samuel Wills, 2014. "Optimal Monetary Responses to Oil Discoveries," CAMA Working Papers 2014-37, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Klomp, Jeroen, 2020. "Do natural disasters affect monetary policy? A quasi-experiment of earthquakes," Journal of Macroeconomics, Elsevier, vol. 64(C).
- repec:dau:papers:123456789/11718 is not listed on IDEAS
- Lang, Korbinian & Auer, Benjamin R., 2020. "The economic and financial properties of crude oil: A review," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
- Irina Kozlovtceva & Alexey Ponomarenko & Andrey Sinyakov & Stas Tatarintsev, 2019. "Financial Stability Implications of Policy Mix in a Small Open Commodity-Exporting Economy," Bank of Russia Working Paper Series wps42, Bank of Russia.
- Kuhanathan Ano Sujithan & Sanvi Avouyi-Dovi & Lyes Koliai, 2013. "Does Monetary Policy Respond to Commodity Price Shocks?," Post-Print hal-01511915, HAL.
- Azémar, Céline & Desbordes, Rodolphe & Wooton, Ian, 2020.
"Is international tax competition only about taxes? A market-based perspective,"
Journal of Comparative Economics, Elsevier, vol. 48(4), pages 891-912.
- Céline Azémar & Rodolphe Desbordes & Ian Wooton, 2020. "Is international tax competition only about taxes? A market-based perspective," Post-Print hal-03163896, HAL.
- Belu Mănescu, Cristiana & Nuño, Galo, 2015.
"Quantitative effects of the shale oil revolution,"
Energy Policy, Elsevier, vol. 86(C), pages 855-866.
- Nuño, Galo & Belu Mănescu, Cristiana, 2015. "Quantitative effects of the shale oil revolution," Working Paper Series 1855, European Central Bank.
- Galo Nuño & Cristiana Belu Manescu, 2015. "Quantitative effects of the shale oil revolution," Working Papers 1518, Banco de España.
- Ratti, Ronald A. & Vespignani, Joaquin L., 2013.
"Liquidity and crude oil prices: China's influence over 1996–2011,"
Economic Modelling, Elsevier, vol. 33(C), pages 517-525.
- Ratti, Ronald A & Vespignani, Joaquin L., 2012. "Crude Oil Prices: China’s Influence Over 1996-2011," Working Papers 15728, University of Tasmania, Tasmanian School of Business and Economics, revised 17 Dec 2012.
- Ratti, Ronald & Vespignani, Joaquin, 2012. "Liquidity and crude oil prices: China’s influence over 1996-2011," Working Papers 15062, University of Tasmania, Tasmanian School of Business and Economics, revised 20 Sep 2012.
- Ratti, Ronald A. & Vespignani, Joaquin L., 2012. "Liquidity and Crude Oil Prices: China’s Influence Over 1996-2011," MPRA Paper 48900, University Library of Munich, Germany.
- Arigoni, Filippo & Lenarčič, Črt, 2023.
"Foreign economic policy uncertainty shocks and real activity in the Euro area,"
MPRA Paper
120022, University Library of Munich, Germany.
- Arigoni, Filippo & Lenarcic, Crt, 2023. "Foreign economic policy uncertainty shocks and real activity in the Euro area," Research Technical Papers 7/RT/23, Central Bank of Ireland.
- Dario Caldara & Edward Herbst, 2019.
"Monetary Policy, Real Activity, and Credit Spreads: Evidence from Bayesian Proxy SVARs,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 157-192, January.
- Dario Caldara & Edward P. Herbst, 2016. "Monetary Policy, Real Activity, and Credit Spreads : Evidence from Bayesian Proxy SVARs," Finance and Economics Discussion Series 2016-049, Board of Governors of the Federal Reserve System (U.S.).
- Yin, Libo & Nie, Jing & Han, Liyan, 2021. "Understanding cryptocurrency volatility: The role of oil market shocks," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 233-253.
- Plante, Michael, 2014.
"How should monetary policy respond to changes in the relative price of oil? Considering supply and demand shocks,"
Journal of Economic Dynamics and Control, Elsevier, vol. 44(C), pages 1-19.
- Michael Plante, 2009. "How Should Monetary Policy Respond to Changes in the Relative Price of Oil? Considering Supply and Demand Shocks," CAEPR Working Papers 2009-013, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
- Michael D. Plante, 2012. "How should monetary policy respond to changes in the relative price of oil? considering supply and demand shocks," Working Papers 1202, Federal Reserve Bank of Dallas.
- Carol Propper & John Van Reenen, 2010.
"Can Pay Regulation Kill? Panel Data Evidence on the Effect of Labor Markets on Hospital Performance,"
Journal of Political Economy, University of Chicago Press, vol. 118(2), pages 222-273, April.
- Emma Hall & Carol Propper & John Van Reenen, 2007. "Can pay regulation kill? Panel data evidence on the effect of labor markets on hospital performance," The Centre for Market and Public Organisation 08/184, The Centre for Market and Public Organisation, University of Bristol, UK.
- Emma Hall & Carol Propper & John Van Reenen, 2008. "Can pay regulation kill? Panel data evidence on the effect of labor markets on hospital performance," NBER Working Papers 13776, National Bureau of Economic Research, Inc.
- Van Reenen, John & Propper, Carol & ,, 2008. "Can Pay Regulation Kill? Panel Data Evidence on the Effect of Labour Markets on Hospital Performance," CEPR Discussion Papers 6643, C.E.P.R. Discussion Papers.
- Emma Hall & Carol Propper & John Van Reenen, 2008. "Can Pay Regulation Kill? Panel Data Evidence on the Effect of Labor Markets on Hospital Performance," CEP Discussion Papers dp0843, Centre for Economic Performance, LSE.
- Hall, Emma & Propper, Carol & Van Reenen, John, 2008. "Can pay regulation kill? Panel data evidence on the effect of labor markets on hospital performance," LSE Research Online Documents on Economics 3282, London School of Economics and Political Science, LSE Library.
- Kilian, Lutz & Zhou, Xiaoqing, 2022.
"Oil prices, exchange rates and interest rates,"
Journal of International Money and Finance, Elsevier, vol. 126(C).
- Lutz Kilian & Xiaoqing Zhou, 2019. "Oil prices, exchange rates, and interest rates," 2019 Meeting Papers 592, Society for Economic Dynamics.
- Kilian, Lutz & Zhou, Xiaoqing, 2020. "Oil prices, exchange rates and interest rates," CFS Working Paper Series 646, Center for Financial Studies (CFS).
- Lutz Kilian & Zhou Xiaoqing, 2019. "Oil Prices, Exchange Rates and Interest Rates," CESifo Working Paper Series 7484, CESifo.
- Lutz Kilian & Xiaoqing Zhou, 2019. "Oil Prices, Exchange Rates and Interest Rates," Working Papers 1914, Federal Reserve Bank of Dallas.
- Kilian, Lutz & Zhou, Xiaoqing, 2019. "Oil Prices, Exchange Rates and Interest Rates," CEPR Discussion Papers 13478, C.E.P.R. Discussion Papers.
- Castillo, Paul & Montoro, Carlos & Tuesta, Vicente, 2020.
"Inflation, oil price volatility and monetary policy,"
Journal of Macroeconomics, Elsevier, vol. 66(C).
- Castillo, Paul & Montoro, Carlos & Tuesta, Vicente., 2010. "Inflation, Oil Price Volatility and Monetary Policy," Working Papers 2010-002, Banco Central de Reserva del Perú.
- Choi Sangyup & Yoon Chansik, 2022.
"Uncertainty, Financial Markets, and Monetary Policy over the Last Century,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 22(2), pages 397-434, June.
- Sangyup Choi & Chansik Yoon, 2019. "Uncertainty, Financial Markets, and Monetary Policy over the Last Century," Working papers 2019rwp-142, Yonsei University, Yonsei Economics Research Institute.
- Sangyup Choi & Chansik Yoon, 2019. "Uncertainty, Financial Markets, and Monetary Policy over the Last Century," GRU Working Paper Series GRU_2019_020, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
- Lorusso, Marco & Pieroni, Luca, 2018.
"Causes and consequences of oil price shocks on the UK economy,"
Economic Modelling, Elsevier, vol. 72(C), pages 223-236.
- Marco Lorusso & Luca Pieroni, 2015. "Causes and Consequences of Oil Price Shocks on the UK Economy," CEERP Working Paper Series 002, Centre for Energy Economics Research and Policy, Heriot-Watt University, revised Nov 2015.
More about this item
Keywords
Covid-19; monetary policy rule; OECD countries;All these keywords.
JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eis:articl:121apergis. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dan Wheatley (email available below). General contact details of provider: https://edirc.repec.org/data/bsntuuk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.