IDEAS home Printed from https://ideas.repec.org/e/c/pjo46.html

Oscar Jorda

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2014. "Betting the House," NBER Working Papers 20771, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    2. Laxisme monétaire, bulles immobilières et instabilité financière
      by ? in D'un champ l'autre on 2014-12-29 16:54:00
    3. Ladrillos y libros: ¿cuánto daño nos ha hecho el boom de la construcción?
      by Libertad González in Nada Es Gratis on 2015-04-24 11:00:59
  2. √Íscar Jord√Ä & Moritz Schularick & Alan M. Taylor, 2013. "When Credit Bites Back," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(s2), pages 3-28, December.

    Mentioned in:

    1. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    2. Le grand emprunt hypothécaire
      by ? in D'un champ l'autre on 2014-09-24 04:21:00
  3. Moritz Schularick & Alan Taylor & Oscar Jorda, 2015. "Leveraged Bubbles," 2015 Meeting Papers 910, Society for Economic Dynamics.

    Mentioned in:

    1. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
    2. House Prices at Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-04-29 12:35:08
    3. Financial Crisis: The Endgame
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-09-03 12:25:40
  4. Òscar Jordà & Björn Richter & Moritz Schularick & Alan M. Taylor, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," NBER Working Papers 23287, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Challenging the Role of Capital Adequacy using Historical Data
      by Banking Blogger in NEP-HIS blog on 2017-06-13 19:08:03
  5. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Leveraged bubbles," Journal of Monetary Economics, Elsevier, vol. 76(S), pages 1-20.

    Mentioned in:

    1. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
    2. House Prices at Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-04-29 12:35:08
    3. Financial Crisis: The Endgame
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-09-03 12:25:40
  6. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2017. "The Rate of Return on Everything, 1870–2015," NBER Working Papers 24112, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Fiscal Sustainability: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-07-02 12:02:05
    2. Negative Nominal Interest Rates: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-12-02 13:10:33
    3. Fiscal Space Has Limits, Too
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2020-05-31 15:13:38
  7. Òscar Jordà & Alan M. Taylor, 2013. "The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy," NBER Working Papers 19414, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. How to muddy the waters on impact of austerity
      by Mainly Macro in Mainly Macro on 2014-08-01 18:06:00
    2. Austerity in the UK: past, present and future
      by Joel Suss in British Politics and Policy at LSE on 2015-03-11 13:18:49
  8. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M Taylor, 2019. "The Rate of Return on Everything, 1870–2015," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(3), pages 1225-1298.

    Mentioned in:

    1. Fiscal Sustainability: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-07-02 12:02:05
    2. Negative Nominal Interest Rates: A Primer
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-12-02 13:10:33
    3. Fiscal Space Has Limits, Too
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2020-05-31 15:13:38
  9. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," CESifo Working Paper Series 5147, CESifo.

    Mentioned in:

    1. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    2. Laxisme monétaire, bulles immobilières et instabilité financière
      by ? in D'un champ l'autre on 2014-12-29 16:54:00
    3. Ladrillos y libros: ¿cuánto daño nos ha hecho el boom de la construcción?
      by Libertad González in Nada Es Gratis on 2015-04-24 11:00:59
  10. Early Elias & Helen Irvin & Òscar Jordà, 2014. "Monetary policy when the spyglass is smudged," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Mentioned in:

    1. A Monetary Policy Framework for the Next Recession
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2017-12-11 19:02:11
  11. Taylor, Alan M. & Schularick, Moritz & Jordà , Òscar, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," CEPR Discussion Papers 10161, C.E.P.R. Discussion Papers.

    Mentioned in:

    1. Assessing Housing Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-10-15 11:28:50
    2. Comprendiendo la severidad de las crisis financieras españolas
      by admin in Nada Es Gratis on 2018-05-31 05:01:24
    3. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    4. Laxisme monétaire, bulles immobilières et instabilité financière
      by ? in D'un champ l'autre on 2014-12-29 16:54:00
  12. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2011. "When credit bites back: leverage, business cycles, and crises," Working Paper Series 2011-27, Federal Reserve Bank of San Francisco.

    Mentioned in:

    1. The Crisis in 1000 words—or less
      by Steve Keen in Steve Keen's Debtwatch on 2012-07-22 11:41:41
    2. Jubilee!
      by steve from virginia in Economic Undertow on 2012-08-02 04:16:47
  13. Òscar Jordà & Noah Kouchekinia & Colton Merrill & Tatevik Sekhposyan, 2020. "The Fog of Numbers," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2020(20), pages 1-5, July.

    Mentioned in:

    1. Revisions to employment data during 2020 and 2021 : Reassessing labor market conditions after the 2020 recession
      by ? in FRED blog on 2022-01-24 14:00:00
  14. Taylor, Alan M. & Schularick, Moritz & Jordà , Òscar, 2015. "Leveraged Bubbles," CEPR Discussion Papers 10781, C.E.P.R. Discussion Papers.

    Mentioned in:

    1. Monetary Policy and Financial Stability
      by Kim Schoenholtz in Money, Banking and Financial Markets on 2016-11-14 19:24:34
    2. House Prices at Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2019-04-29 12:35:08
    3. Financial Crisis: The Endgame
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-09-03 12:25:40
  15. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," NBER Working Papers 20501, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Assessing Housing Risk
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2018-10-15 11:28:50
    2. Comprendiendo la severidad de las crisis financieras españolas
      by admin in Nada Es Gratis on 2018-05-31 05:01:24
    3. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    4. Laxisme monétaire, bulles immobilières et instabilité financière
      by ? in D'un champ l'autre on 2014-12-29 16:54:00
  16. Òscar Jordà & Alan M. Taylor, 2013. "The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy," Working Paper Series 2013-25, Federal Reserve Bank of San Francisco.

    Mentioned in:

    1. How to muddy the waters on impact of austerity
      by Mainly Macro in Mainly Macro on 2014-08-01 18:06:00
    2. Austerity in the UK: past, present and future
      by Joel Suss in British Politics and Policy at LSE on 2015-03-11 13:18:49
  17. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2014. "Labor Markets in the Global Financial Crisis: The Good, the Bad and the Ugly," Working Paper Series 2014-11, Federal Reserve Bank of San Francisco.

    Mentioned in:

    1. Les marchés du travail lors de la Grande Récession
      by ? in D'un champ l'autre on 2014-05-18 00:55:00
  18. Òscar Jordà, 2005. "Estimation and Inference of Impulse Responses by Local Projections," American Economic Review, American Economic Association, vol. 95(1), pages 161-182, March.

    Mentioned in:

    1. Fiscal Policy during high unemployment periods: still a bad idea?
      by sebastianfleitas in NEP-HIS blog on 2013-03-04 19:37:19
    2. Comment s'est comportée la courbe de Beveridge en zone euro ?
      by Martin Anota in D'un champ l'autre on 2015-02-20 19:29:55
  19. Yanping Chong & Òscar Jordà & Alan M. Taylor, 2010. "The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and their Long-Run Equilibrium," NBER Working Papers 15868, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. BDSM: il meraviglioso mondo di...
      by Alberto Bagnai in Goofynomics on 2013-02-06 04:44:00
  20. Òscar Jordà & Moritz Schularick & Alan M Taylor, 2011. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(2), pages 340-378, June.

    Mentioned in:

    1. The ABCT making its presence in the maintream literature
      by Nicolas Cachanosky in Punto de Vista Economico on 2013-09-02 08:10:35
    2. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18
    3. Et si le cycle financier était à l'origine des déséquilibres courants de la zone euro ?
      by ? in D'un champ l'autre on 2014-11-06 02:19:00
  21. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2019. "The Total Risk Premium Puzzle," NBER Working Papers 25653, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Ciclos Inmobiliarios y Desigualdad de la Riqueza
      by admin in Nada Es Gratis on 2019-12-16 14:00:30
  22. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Working Papers 19506, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. Credit, Crises, and Consequences
      by noreply@blogger.com (Carola Binder) in Quantitative Ease on 2013-10-14 05:02:00
    2. Quels liens entre crédit, instabilité financière et macroéconomie ?
      by Martin Anota in D'un champ l'autre on 2015-03-28 03:28:18

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Òscar Jordà & Sanjay R. Singh & Alan M. Taylor, 2020. "Longer-Run Economic Consequences of Pandemics," Working Paper Series 2020-09, Federal Reserve Bank of San Francisco.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Consequences

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Òscar Jordà & Massimiliano Marcellino, 2010. "Path forecast evaluation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(4), pages 635-662.

    Mentioned in:

    1. Path forecast evaluation (Journal of Applied Econometrics 2010) in ReplicationWiki ()
  2. Travis J. Berge & Òscar Jordà, 2011. "Evaluating the Classification of Economic Activity into Recessions and Expansions," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(2), pages 246-277, April.

    Mentioned in:

    1. Evaluating the Classification of Economic Activity into Recessions and Expansions (AEJ:MA 2011) in ReplicationWiki ()
  3. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.

    Mentioned in:

    1. Bank Capital Redux:Solvency, Liquidity, and Crisis (REStud forthcoming) in ReplicationWiki ()
  4. Òscar Jordà & Alan M. Taylor, 2013. "The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy," NBER Working Papers 19414, National Bureau of Economic Research, Inc.

    Mentioned in:

    1. The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy (NBER 2013) in ReplicationWiki ()
  5. James D. Hamilton & Oscar Jorda, 2002. "A Model of the Federal Funds Rate Target," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 1135-1167, October.

    Mentioned in:

    1. A Model of the Federal Funds Rate Target (JPE 2002) in ReplicationWiki ()

Working papers

  1. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Sepp, Tim Florian & Israel, Karl-Friedrich & Treitz, Benjamin & Hartl, Tom, 2024. "Monetary policy and the resilience of the German banking system: From Deutsche Bundesbank to ECB," Working Papers 180, University of Leipzig, Faculty of Economics and Management Science.
    2. Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2025. "One Size Does Not Fit All: Unveiling Asymmetric Transmission of Monetary Policy in the Euro Area," Working papers 2025rwp-256, Yonsei University, Yonsei Economics Research Institute.
    3. Wifo, 2023. "WIFO-Monatsberichte, Heft 4/2023," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(4), April.
    4. Emmanuel Caiazzo & Alberto Zazzaro, 2025. "Price Stability and Financial Stability: Designing the Central Bank Mandate," Mo.Fi.R. Working Papers 191, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    5. Davis, Josh & Fuenzalida, Cristian & Huetsch, Leon & Mills, Benjamin & Taylor, Alan M., 2024. "Global natural rates in the long run: Postwar macro trends and the market-implied r∗ in 10 advanced economies," Journal of International Economics, Elsevier, vol. 149(C).
    6. Thomas Url, 2023. "Hohe Inflation führt zu Kurswechsel in der Geldpolitik," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(4), pages 269-281, April.
    7. Gächter, Martin & Hasler, Elias & Scharler, Johann, 2023. "Kicking the can down the road: A historical growth-at-risk perspective," Economics Letters, Elsevier, vol. 228(C).
    8. Botta, Alberto & Caverzasi, Eugenio & Russo, Alberto, 2024. "Same old song: On the macroeconomic and distributional effects of leaving a Low Interest Rate Environment," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 552-570.
    9. Frederic Boissay & Fabrice Collard & Cristina Manea & Adam Shapiro, 2023. "Monetary tightening, inflation drivers and financial stress," BIS Working Papers 1155, Bank for International Settlements.
    10. Fernández-Gallardo, Álvaro & Payá, Iván, 2025. "Public debt burden and crisis severity," European Economic Review, Elsevier, vol. 176(C).
    11. Chavleishvili, Sulkhan & Kremer, Manfred & Lund-Thomsen, Frederik, 2023. "Quantifying financial stability trade-offs for monetary policy: a quantile VAR approach," Working Paper Series 2833, European Central Bank.
    12. Sepp, Tim Florian & Israel, Karl-Friedrich & Treitz, Benjamin & Hartl, Tom, 2024. "Monetary policy and bank-type resilience in Germany from 1999 to 2022," Working Papers 181, University of Leipzig, Faculty of Economics and Management Science.
    13. Ghassan, Hassan Belkacem & Krichene, Noureddine, 2023. "Theoretical and Analytical Approach of Financial Stability: Islamic Perspective," MPRA Paper 122963, University Library of Munich, Germany, revised 19 Feb 2024.
    14. Boysen-Hogrefe, Jens & Groll, Dominik & Hoffmann, Timo & Jannsen, Nils & Kooths, Stefan & Sonnenberg, Nils & Stamer, Vincent, 2023. "Deutsche Wirtschaft im Sommer 2023: Konjunktur tastet sich aus der Krise [German Economy in Summer 2023: Crawling out of the crisis]," Kieler Konjunkturberichte 104, Kiel Institute for the World Economy.
    15. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    16. Giuzio, Margherita & Kapadia, Sujit & Kaufmann, Christoph & Storz, Manuela & Weistroffer, Christian, 2025. "Macroprudential policy, monetary policy and non-bank financial intermediation," Working Paper Series 3130, European Central Bank.
    17. Kaufmann, Christoph & Leyva, Jaime & Storz, Manuela, 2024. "Insurance corporations’ balance sheets, financial stability and monetary policy," Working Paper Series 2892, European Central Bank.
    18. Guo, Peng & Jiang, Fuwei & Li, Mengru & Liu, Yumin, 2024. "Managerial macroeconomic perception and systemic risk in China," Pacific-Basin Finance Journal, Elsevier, vol. 88(C).
    19. Emmanuel Caiazzo & Alberto Zazzaro, 2025. "Price Stability and Financial Stability: Designing the Central Bank Mandate," CSEF Working Papers 767, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    20. Albertazzi, Ugo & Hooft, James ’t & Ter Steege, Lucas, 2025. "The causal effect of inflation on financial stability, evidence from history," Working Paper Series 3108, European Central Bank.
    21. Li, Xiao-Lin & Zhang, Rong-Jing, 2025. "Effects of credit misallocation on systemic risk of non-financial corporations: The role of monetary policy," China Economic Review, Elsevier, vol. 93(C).
    22. Zakaria Savon, 2025. "Does Monetary Policy Affect the Stability of Islamic Banks?," Post-Print hal-05321401, HAL.
    23. Philipp Roderweis & Jamel Saadaoui & Francisco Serranito, 2023. "The Unintended Consequences of ECB’s Asset Purchases. How Excess Reserves Shape Bank Lending," Working Papers of BETA 2023-34, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

  2. Arindrajit Dube & Daniele Girardi & Òscar Jordà & Alan M. Taylor, 2023. "A Local Projections Approach to Difference-in-Differences," NBER Working Papers 31184, National Bureau of Economic Research, Inc.

    Cited by:

    1. Baksy, Aniket & Chandler, Daniel & Lambert, Peter John, 2025. "Anatomy of Automation: CNC Machines and Industrial Robots in UK Manufacturing, 2005-2023," CAGE Online Working Paper Series 778, Competitive Advantage in the Global Economy (CAGE).
    2. Martin, Diego A. & Romero, Dario A., 2024. "Social distancing and COVID-19 under violence: Evidence from Colombia," Journal of Development Economics, Elsevier, vol. 170(C).
    3. Bernini Federico Gastón & Donaldson Paula & Garcia-Lembergman Ezequiel & Juárez Leticia, 2024. "The Financial Channel of Tax Amnesty Policies," Asociación Argentina de Economía Política: Working Papers 4710, Asociación Argentina de Economía Política.
    4. Todd Morris & Benoit Dostie, 2023. "Graying and staying on the job: The welfare implications of employment protection for older workers," CIRANO Working Papers 2023s-20, CIRANO.
    5. Juanma Castro-Vincenzi & Gaurav Khanna & Nicolas Morales & Nitya Pandalai-Nayar, 2024. "Weathering the Storm: Supply Chains and Climate Risk," Working Paper 24-03, Federal Reserve Bank of Richmond.
    6. Jordà, Òscar & Nechio, Fernanda, 2023. "Inflation and wage growth since the pandemic," European Economic Review, Elsevier, vol. 156(C).
    7. Nicolas Gavoille, 2025. "A short drop or a sudden stop? Sanctions, trade shocks, and firms' adjustment margins," Working Papers 2025/03, Latvijas Banka.
    8. Fabra, Natalia & Gutiérrez, Eduardo & Lacuesta, Aitor & Ramos, Roberto, 2024. "Do renewable energy investments create local jobs?," Journal of Public Economics, Elsevier, vol. 239(C).
    9. Anish Sugathan & Arpit Shah & Deepak Malghan, 2024. "Washed Away: Industrial Capital, Labor, and Floods," IIMA Working Papers WP 2024-12-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    10. Yechan Park & Yuya Sasaki, 2024. "Matching $\leq$ Hybrid $\leq$ Difference in Differences," Papers 2411.07952, arXiv.org, revised Feb 2025.
    11. Britto, Diogo & Rocha, Roberto Hsu & Pinotti, Paolo & Sampaio, Breno, 2024. "Small Children, Big Problems: Childbirth and Crime," IZA Discussion Papers 16910, Institute of Labor Economics (IZA).
    12. Raimondo Pala, 2025. "The causal interpretation of panel vector autoregressions," Papers 2510.23540, arXiv.org.
    13. Strezhnev, Anton, 2024. "Group-specific linear trends and the triple-differences in time design," SocArXiv dg5ps, Center for Open Science.
    14. Marioni, Larissa da Silva & Rincon-Aznar, Ana & Venturini, Francesco, 2024. "Productivity performance, distance to frontier and AI innovation: Firm-level evidence from Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 228(C).
    15. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    16. Coulombe, Raphaelle G. & Rao, Akhil, 2025. "Fires and local labor markets," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    17. Antonio Minniti & Klaus Prettner & Francesco Venturini, 2024. "Unslicing the pie: AI innovation and the labor share in European regions," Department of Economics Working Papers wuwp369, Vienna University of Economics and Business, Department of Economics.
    18. Hoagland, Alex & Wang, Guan, 2025. "Prescribing power and equitable access to care: Evidence from pharmacists in Ontario, Canada," Journal of Health Economics, Elsevier, vol. 103(C).
    19. Jingyi Tian & Jun Nagayasu, 2023. "Financial Systemic Risk behind Artificial Intelligence:Evidence from China," TUPD Discussion Papers 44, Graduate School of Economics and Management, Tohoku University.
    20. Cheick Camara, 2023. "Gender Budgeting and Health Spending Efficiency in Indian States: A Staggered Difference-in-Differences Analysis," CERDI Working papers hal-04294262, HAL.
    21. Baksy, Aniket & Chandler, Daniel & Lambert, Peter John, 2025. "Anatomy of Automation : CNC Machines and Industrial Robots in UK Manufacturing, 2005-2023," The Warwick Economics Research Paper Series (TWERPS) 1585, University of Warwick, Department of Economics.
    22. Brzezinski, Michal & Kaczan, Monika, 2025. "Carbon taxes in Europe do not hurt the poor: Evidence from existing taxation schemes," Ecological Economics, Elsevier, vol. 233(C).
    23. João Pedro Vieira & Ricardo Dahis & Juliano Assunção, 2023. "The Role of Sanctions and Spillovers in Forest Conservation," Monash Economics Working Papers 2023-16, Monash University, Department of Economics.
    24. Arin, K. Peren & Marti Arnau, Josep & Boduroglu, Elif & Celik, Esref Ugur, 2024. "Shaken, stirred and indebted: Firm-level effects of earthquakes," The Quarterly Review of Economics and Finance, Elsevier, vol. 97(C).
    25. Breugem, Matthijs & Corvino, Raffaele & Marfè, Roberto & Schönleber, Lorenzo, 2024. "Pandemic tail risk," Journal of Banking & Finance, Elsevier, vol. 167(C).
    26. Cuccu, Liliana & Pontarollo, Nicola, 2024. "Logistic hubs and support for radical-right populism: Evidence from Italy," European Journal of Political Economy, Elsevier, vol. 82(C).
    27. Natalia Emanuel & Emma Harrington, 2023. "Working Remotely? Selection, Treatment, and the Market for Remote Work," Staff Reports 1061, Federal Reserve Bank of New York.
    28. Griller, Stefan & Huber, Florian & Pfarrhofer, Michael, 2024. "Financial markets and legal challenges to unconventional monetary policy," European Economic Review, Elsevier, vol. 163(C).
    29. Tang, Lianzhou & Xu, Wenli, 2025. "Patronage and pollution," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    30. Yan, Kai & Liu, Na & Shi, Lei & Yang, Lisi & Lu, Meiting, 2025. "How does FinTech enable the expansion of green innovation boundaries: Evidence from the interventions of China's environmental protection tax law," Energy Economics, Elsevier, vol. 144(C).
    31. Raimondo Pala, 2025. "Control VAR: a counterfactual based approach to inference in macroeconomics," Papers 2510.23762, arXiv.org.
    32. Riley League & Maggie Shi, 2025. "Administrative Fragmentation in Health Care," NBER Working Papers 33863, National Bureau of Economic Research, Inc.
    33. Alexander Rodnyansky & Yannick Timmer & Naoki Yago, 2023. "Intervening against the Fed," CESifo Working Paper Series 10575, CESifo.
    34. Yan, Wenying & Chen, Yusheng & Wang, Yanmei, 2025. "Efficiency improvement effect of clean energy transformation —A quasi-natural experiment based on China's clean heating policy," Energy, Elsevier, vol. 334(C).
    35. Pelli, Martino & Tschopp, Jeanne, 2025. "Storms, early education and human capital," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    36. Adrien Bussy & Annalisa Tassi, 2025. "Cross-border value-added tax fraud in the European Union," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 161(1), pages 1-23, December.
    37. Msefula, Griffin & Hou, Tony Chieh-Tse & Lemesi, Tina, 2024. "Dynamics of legal structure and geopolitical influence on carbon tax in response to green transportation," Applied Energy, Elsevier, vol. 371(C).
    38. Gabriel, Ricardo Duque, 2024. "The Credit Channel of Public Procurement," Journal of Monetary Economics, Elsevier, vol. 147(S).
    39. Carlos G'oes, 2024. "Trade, Growth, and Product Innovation," Papers 2406.08727, arXiv.org.
    40. Bodenstein, Martin & Scaramucci, Mikaël, 2025. "On the GDP effects of severe physical hazards," European Economic Review, Elsevier, vol. 175(C).
    41. Rabah Arezki & Frederick van der Ploeg & Gregoire Rota-Graziosi & Văn Đạo Lê & Rick van der Ploeg, 2025. "The VAT Paradox in Resource Dependent Economies," CESifo Working Paper Series 11967, CESifo.
    42. Mark Kattenberg & Bas Scheer & Jurre Thiel, 2023. "Causal forests with fixed effects for treatment effect heterogeneity in difference-in-differences," CPB Discussion Paper 452, CPB Netherlands Bureau for Economic Policy Analysis.
    43. De Sanctis, Alessandro & Kapp, Daniel & Vinci, Francesca & Wojciechowski, Robert, 2025. "Unlocking growth? EU investment programmes and firm performance," Working Paper Series 3099, European Central Bank.
    44. Imam, Patrick A. & Temple, Jonathan R.W., 2024. "Political institutions and output collapses," European Journal of Political Economy, Elsevier, vol. 85(C).
    45. Deng, Liuchun & Müller, Steffen & Plümpe, Verena & Stegmaier, Jens, 2024. "Robots, occupations, and worker age: A production-unit analysis of employment," European Economic Review, Elsevier, vol. 170(C).
    46. Masahiro Tanaka, 2025. "Quasi-Bayesian Local Projections: Simultaneous Inference and Extension to the Instrumental Variable Method," Papers 2503.20249, arXiv.org, revised Dec 2025.
    47. Amorim, Guilherme & Britto, Diogo & Fonseca, Alexandre & Sampaio, Breno, 2024. "Job Loss, Unemployment Insurance, and Health: Evidence from Brazil," IZA Discussion Papers 16790, Institute of Labor Economics (IZA).
    48. Aniket Baksy & Daniel Chandler & Peter Lambert, 2025. "Anatomy of automation: CNC machines and industrial robots in UK manufacturing, 2005-2023," CEP Discussion Papers dp2131, Centre for Economic Performance, LSE.
    49. Leek, Lauren Caroline & Bischl, Simeon, 2024. "How Central Bank Independence Shapes Monetary Policy Communication: A Large Language Model Application," SocArXiv yrhka, Center for Open Science.
    50. Madsen, Jakob & Minniti, Antonio & Venturini, Francesco, 2024. "Declining research productivity and income inequality: A centenary perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    51. Fang, Francis Haoyu & Vlaicu, Razvan, 2024. "Local Banking Supply and Private Firm Activity: Evidence from Branch Closures," IDB Publications (Working Papers) 13645, Inter-American Development Bank.
    52. Ben Knox & Yannick Timmer, 2024. "Stagflationary Stock Returns," CESifo Working Paper Series 11236, CESifo.
    53. Jean-Baptiste Bonnier, 2024. "A Split-Treatment Design," Working Papers 2024-11, CRESE.
    54. Kai Arvai & Ricardo Duque Gabriel, 2024. "Gains from Commitment: The Case for Pegging the Exchange Rate," Working papers 974, Banque de France.
    55. Ron P. Smith, 2024. "Econometric Aspects of Convergence: A Survey," Open Economies Review, Springer, vol. 35(4), pages 701-721, September.
    56. Dominguez, Kathryn M.E. & Foschi, Andrea, 2024. "Whatever-it-takes policymaking during the pandemic," Journal of International Economics, Elsevier, vol. 149(C).
    57. Matthew Staiger & Giordano Palloni & John Voorheis, 2024. "Neighborhood Revitalization and Residential Sorting," Working Papers 24-12, Center for Economic Studies, U.S. Census Bureau.
    58. Hoyos, Mateo & Stellian, Rémi, 2025. "Dynamic trade elasticities and comparative advantages: Evidence from a PTA," SocArXiv 6fya2_v1, Center for Open Science.
    59. Shah, Syed Sadaqat Ali & Wu, Kai, 2025. "How effective are green spending multipliers? Eco-friendly vs non-eco-friendly spending in OECD economies," Energy Policy, Elsevier, vol. 204(C).

  3. Atsushi Inoue & Òscar Jordà & Guido M. Kuersteiner, 2023. "Significance Bands for Local Projections," Working Paper Series 2023-15, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Uwe Hassler & Marc-Oliver Pohle & Tanja Zahn, 2025. "Simultaneous Inference Bands for Autocorrelations," Papers 2503.18560, arXiv.org, revised Aug 2025.

  4. Òscar Jordà, 2023. "Local Projections for Applied Economics," Working Paper Series 2023-16, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Andres Alonso-Robisco & Jose Carbo & Emily Kormanyos & Elena Triebskorn, 2025. "Houston, we have a problem: can satellite information bridge the climate-related data gap?," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Addressing climate change data needs: the central banks' contribution, volume 63, Bank for International Settlements.
    2. Albanese, Marina & Caporale, Guglielmo Maria & Colella, Ida & Spagnolo, Nicola, 2025. "The effects of physical and transition climate risk on stock markets: Some multi-Country evidence," International Economics, Elsevier, vol. 181(C).
    3. Ash, Thomas & Nikolaishvili, Giorgi, 2024. "A Replication of "The Macroeconomic Impact of Europe's Carbon Taxes" by Metcalf and Stock (2023)," I4R Discussion Paper Series 167, The Institute for Replication (I4R).
    4. Matzner, Anna & Steininger, Lea, 2024. "Firms’ heterogeneous (and unintended) investment response to carbon price increases," Working Paper Series 2958, European Central Bank.
    5. Simon Freyaldenhoven & Christian Hansen, 2025. "(Visualizing) Plausible Treatment Effect Paths," Papers 2505.12014, arXiv.org.
    6. Théo METZ, 2024. "New fiscal transparency index and public debt borrowing costs," Working Papers of BETA 2024-50, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    7. Santiago Camara & Jeanne Aublin, 2025. "In-between Transatlantic (Monetary) Disturbances," Papers 2509.13578, arXiv.org.
    8. Oscar Jaulin & Andrey Ramos, 2025. "Becoming Green: Decomposing the Macroeconomic Effects of Green Technology News Shocks," Papers 2507.18386, arXiv.org.
    9. Steininger, Lea & Matzner, Anna, 2025. "Monetary policy and the firm-level labor share: a story about capital," Working Paper Series 3024, European Central Bank.
    10. Juan R. Hernández & Mateo Hoyos & Daniel Ventosa-Santaulària, 2024. "Monetary Policy in Emerging Markets under Global Uncertainty," Working Papers DTE 634, CIDE, División de Economía.
    11. Allayioti, Anastasia & Gόrnicka, Lucyna & Holton, Sarah & Martínez Hernández, Catalina, 2024. "Monetary policy pass-through to consumer prices: evidence from granular price data," Working Paper Series 3003, European Central Bank.
    12. Arisa Chantaraboontha, 2025. "Measuring the Spillovers of US Unconventional Surprises across Monetary Conditions with Local Projections," ISER Discussion Paper 1276, Institute of Social and Economic Research, The University of Osaka.

  5. Òscar Jordà & Fernanda Nechio, 2023. "Inflation and Wage Growth Since the Pandemic," Working Paper Series 2022-17, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Cardani, Roberta & Pfeiffer, Philipp & Ratto, Marco & Vogel, Lukas, 2023. "The COVID-19 recession on both sides of the Atlantic: A model-based comparison," European Economic Review, Elsevier, vol. 158(C).
    2. Hale, Galina & Leer, John & Nechio, Fernanda, 2025. "Fiscal policy design and inflation: The COVID-19 pandemic experience," Santa Cruz Department of Economics, Working Paper Series qt9cc4c34z, Department of Economics, UC Santa Cruz.
    3. Lukas Buchheim & Sebastian Link & Sascha Möhrle, 2024. "Inflation and Wage Expectations of Firms and Employees," CESifo Working Paper Series 11329, CESifo.
    4. Amores, Antonio F. & Christl, Michael & De Agostini, Paola & De Poli, Silvia & Maier, Sofia, 2025. "Limiting Prices or Transferring Money? An ex ante assessment of alternative measures to cope with the hike in energy prices," Energy Economics, Elsevier, vol. 147(C).
    5. Beckmann, Joscha & Czudaj, Robert L., 2024. "Uncertainty Shocks and Inflation: The Role of Credibility and Expectation Anchoring," MPRA Paper 119971, University Library of Munich, Germany.
    6. Erwan Gautier & Frédérique Savignac & Olivier Coibion, 2025. "Firms’ Inflation and Wage Expectations during the Inflation Surge," Working papers 995, Banque de France.
    7. Lucas Ordóñez, 2025. "The Transmission of Supply Shocks to Inflation: the Case of Argentina (2004-2022)," Working Papers 351, Red Nacional de Investigadores en Economía (RedNIE).
    8. Guido Ascari & Dennis Bonam & Lorenzo Mori & Andra Smadu, 2024. "Fiscal Policy and Inflation in the Euro Area," Working Papers 820, DNB.
    9. Stefan Hohberger, 2025. "Germany’s macroeconomic drivers during the pandemic and inflation surge," International Economics and Economic Policy, Springer, vol. 22(1), pages 1-49, February.
    10. Richiardi, Matteo & Bambra, Clare & Sutton, Matt & Vittal Katikireddi, Srinivasa & Wickham, Sophie & Taylor-Robinson, David & Craig, Peter & Barr, Benjamin & Morris, Steph & Hugh-Jones, Samuel & Marim, 2025. "Estimating population mental health effects of the rollout of Universal Credit: difference-in-differences analyses using the UK Household Longitudinal Study, 2009 – 2019," Centre for Microsimulation and Policy Analysis Working Paper Series CEMPA3/25, Centre for Microsimulation and Policy Analysis at the Institute for Social and Economic Research.
    11. Galina Hale & John C. Leer & Fernanda Nechio, 2023. "Inflationary Effects of Fiscal Support to Households and Firms," NBER Working Papers 30906, National Bureau of Economic Research, Inc.
    12. Jain, Monica & Kostyshyna, Olena & Zhang, Xu, 2024. "How do people view wage and price inflation?," Journal of Monetary Economics, Elsevier, vol. 145(C).
    13. Wildauer, Rafael & Kohler, Karsten & Aboobaker, Adam & Guschanski, Alexander, 2023. "Energy price shocks, conflict inflation, and income distribution in a three-sector model," Energy Economics, Elsevier, vol. 127(PB).
    14. Coccia, Samantha & Russo, Alberto, 2025. "Inflation, inequality and financial vulnerability: Monetary vs. fiscal policy in the face of an energy shock," Energy Economics, Elsevier, vol. 143(C).

  6. Pietro Alessandrini & Òscar Jordà & Fabrizio Venditti, 2023. "Decomposing the Monetary Policy Multiplier," Working Paper Series 2023-14, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Fabrizio Ferriani & Andrea Gazzani & Filippo Natoli, 2025. "The macroeconomic effects of a greener technology mix," Temi di discussione (Economic working papers) 1482, Bank of Italy, Economic Research and International Relations Area.
    2. Alessandri, Piergiorgio & Gazzani, Andrea, 2025. "Natural gas and the macroeconomy: Not all energy shocks are alike," Journal of Monetary Economics, Elsevier, vol. 151(C).
    3. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    4. Joseph Kopecky & Giacomo Mangiante, 2025. "Monetary Policy Goes Boomer: The Effect of Population Age Structure on Policy Transmission," Trinity Economics Papers tep1725, Trinity College Dublin, Department of Economics.
    5. Damiano Di Francesco & Omar Pietro Carnevale, 2025. "Are Hysteresis Effects Nonlinear?," LEM Papers Series 2025/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

  7. Arindrajit Dube & Daniele Girardi & Òscar Jordà & Alan M. Taylor, 2023. "A Local Projections Approach to Difference-in-Differences Event Studies," Working Paper Series 2023-12, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Baksy, Aniket & Chandler, Daniel & Lambert, Peter John, 2025. "Anatomy of Automation: CNC Machines and Industrial Robots in UK Manufacturing, 2005-2023," CAGE Online Working Paper Series 778, Competitive Advantage in the Global Economy (CAGE).
    2. Martin, Diego A. & Romero, Dario A., 2024. "Social distancing and COVID-19 under violence: Evidence from Colombia," Journal of Development Economics, Elsevier, vol. 170(C).
    3. Bernini Federico Gastón & Donaldson Paula & Garcia-Lembergman Ezequiel & Juárez Leticia, 2024. "The Financial Channel of Tax Amnesty Policies," Asociación Argentina de Economía Política: Working Papers 4710, Asociación Argentina de Economía Política.
    4. Todd Morris & Benoit Dostie, 2023. "Graying and staying on the job: The welfare implications of employment protection for older workers," CIRANO Working Papers 2023s-20, CIRANO.
    5. Juanma Castro-Vincenzi & Gaurav Khanna & Nicolas Morales & Nitya Pandalai-Nayar, 2024. "Weathering the Storm: Supply Chains and Climate Risk," Working Paper 24-03, Federal Reserve Bank of Richmond.
    6. Jordà, Òscar & Nechio, Fernanda, 2023. "Inflation and wage growth since the pandemic," European Economic Review, Elsevier, vol. 156(C).
    7. Nicolas Gavoille, 2025. "A short drop or a sudden stop? Sanctions, trade shocks, and firms' adjustment margins," Working Papers 2025/03, Latvijas Banka.
    8. Fabra, Natalia & Gutiérrez, Eduardo & Lacuesta, Aitor & Ramos, Roberto, 2024. "Do renewable energy investments create local jobs?," Journal of Public Economics, Elsevier, vol. 239(C).
    9. Anish Sugathan & Arpit Shah & Deepak Malghan, 2024. "Washed Away: Industrial Capital, Labor, and Floods," IIMA Working Papers WP 2024-12-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    10. Yechan Park & Yuya Sasaki, 2024. "Matching $\leq$ Hybrid $\leq$ Difference in Differences," Papers 2411.07952, arXiv.org, revised Feb 2025.
    11. Britto, Diogo & Rocha, Roberto Hsu & Pinotti, Paolo & Sampaio, Breno, 2024. "Small Children, Big Problems: Childbirth and Crime," IZA Discussion Papers 16910, Institute of Labor Economics (IZA).
    12. Raimondo Pala, 2025. "The causal interpretation of panel vector autoregressions," Papers 2510.23540, arXiv.org.
    13. Strezhnev, Anton, 2024. "Group-specific linear trends and the triple-differences in time design," SocArXiv dg5ps, Center for Open Science.
    14. Marioni, Larissa da Silva & Rincon-Aznar, Ana & Venturini, Francesco, 2024. "Productivity performance, distance to frontier and AI innovation: Firm-level evidence from Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 228(C).
    15. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    16. Coulombe, Raphaelle G. & Rao, Akhil, 2025. "Fires and local labor markets," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    17. Hoagland, Alex & Wang, Guan, 2025. "Prescribing power and equitable access to care: Evidence from pharmacists in Ontario, Canada," Journal of Health Economics, Elsevier, vol. 103(C).
    18. Jingyi Tian & Jun Nagayasu, 2023. "Financial Systemic Risk behind Artificial Intelligence:Evidence from China," TUPD Discussion Papers 44, Graduate School of Economics and Management, Tohoku University.
    19. Cheick Camara, 2023. "Gender Budgeting and Health Spending Efficiency in Indian States: A Staggered Difference-in-Differences Analysis," CERDI Working papers hal-04294262, HAL.
    20. Baksy, Aniket & Chandler, Daniel & Lambert, Peter John, 2025. "Anatomy of Automation : CNC Machines and Industrial Robots in UK Manufacturing, 2005-2023," The Warwick Economics Research Paper Series (TWERPS) 1585, University of Warwick, Department of Economics.
    21. Brzezinski, Michal & Kaczan, Monika, 2025. "Carbon taxes in Europe do not hurt the poor: Evidence from existing taxation schemes," Ecological Economics, Elsevier, vol. 233(C).
    22. João Pedro Vieira & Ricardo Dahis & Juliano Assunção, 2023. "The Role of Sanctions and Spillovers in Forest Conservation," Monash Economics Working Papers 2023-16, Monash University, Department of Economics.
    23. Arin, K. Peren & Marti Arnau, Josep & Boduroglu, Elif & Celik, Esref Ugur, 2024. "Shaken, stirred and indebted: Firm-level effects of earthquakes," The Quarterly Review of Economics and Finance, Elsevier, vol. 97(C).
    24. Breugem, Matthijs & Corvino, Raffaele & Marfè, Roberto & Schönleber, Lorenzo, 2024. "Pandemic tail risk," Journal of Banking & Finance, Elsevier, vol. 167(C).
    25. Ferrara, Andreas & Dippel, Christian & Heblich, Stephan, 2025. "Frontline Leadership: Evidence from American Civil War Captains," CAGE Online Working Paper Series 762, Competitive Advantage in the Global Economy (CAGE).
    26. Cuccu, Liliana & Pontarollo, Nicola, 2024. "Logistic hubs and support for radical-right populism: Evidence from Italy," European Journal of Political Economy, Elsevier, vol. 82(C).
    27. Griller, Stefan & Huber, Florian & Pfarrhofer, Michael, 2024. "Financial markets and legal challenges to unconventional monetary policy," European Economic Review, Elsevier, vol. 163(C).
    28. Tang, Lianzhou & Xu, Wenli, 2025. "Patronage and pollution," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    29. Michael Bauer & Daniel Huber & Eric Offner & Marlene Renkel & Ole Wilms & Michael D. Bauer, 2024. "Corporate Green Pledges," CESifo Working Paper Series 11507, CESifo.
    30. Yan, Kai & Liu, Na & Shi, Lei & Yang, Lisi & Lu, Meiting, 2025. "How does FinTech enable the expansion of green innovation boundaries: Evidence from the interventions of China's environmental protection tax law," Energy Economics, Elsevier, vol. 144(C).
    31. Raimondo Pala, 2025. "Control VAR: a counterfactual based approach to inference in macroeconomics," Papers 2510.23762, arXiv.org.
    32. Maximilian Mähr, 2025. "Consequences of Affirmative Action: The Impact of Hiring a Female Professor," CRC TR 224 Discussion Paper Series crctr224_2025_677v2, University of Bonn and University of Mannheim, Germany, revised Apr 2025.
    33. Sebastian Link & Manuel Menkhoff & Andreas Peichl & Paul Schüle, 2024. "Downward Revision of Investment Decisions after Corporate Tax Hikes," American Economic Journal: Economic Policy, American Economic Association, vol. 16(4), pages 194-222, November.
    34. Alexander Rodnyansky & Yannick Timmer & Naoki Yago, 2023. "Intervening against the Fed," CESifo Working Paper Series 10575, CESifo.
    35. Yan, Wenying & Chen, Yusheng & Wang, Yanmei, 2025. "Efficiency improvement effect of clean energy transformation —A quasi-natural experiment based on China's clean heating policy," Energy, Elsevier, vol. 334(C).
    36. Pelli, Martino & Tschopp, Jeanne, 2025. "Storms, early education and human capital," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    37. Adrien Bussy & Annalisa Tassi, 2025. "Cross-border value-added tax fraud in the European Union," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 161(1), pages 1-23, December.
    38. Guerin, Adrian & Najjar, Nouri & Schaufele, Brandon, 2024. "The Surprising Static and Dynamic Effects of Oil and Gas Flaring on Agriculture," 2024 Annual Meeting, July 28-30, New Orleans, LA 343660, Agricultural and Applied Economics Association.
    39. Msefula, Griffin & Hou, Tony Chieh-Tse & Lemesi, Tina, 2024. "Dynamics of legal structure and geopolitical influence on carbon tax in response to green transportation," Applied Energy, Elsevier, vol. 371(C).
    40. Gabriel, Ricardo Duque, 2024. "The Credit Channel of Public Procurement," Journal of Monetary Economics, Elsevier, vol. 147(S).
    41. Carlos G'oes, 2024. "Trade, Growth, and Product Innovation," Papers 2406.08727, arXiv.org.
    42. Bodenstein, Martin & Scaramucci, Mikaël, 2025. "On the GDP effects of severe physical hazards," European Economic Review, Elsevier, vol. 175(C).
    43. Rabah Arezki & Frederick van der Ploeg & Gregoire Rota-Graziosi & Văn Đạo Lê & Rick van der Ploeg, 2025. "The VAT Paradox in Resource Dependent Economies," CESifo Working Paper Series 11967, CESifo.
    44. Mark Kattenberg & Bas Scheer & Jurre Thiel, 2023. "Causal forests with fixed effects for treatment effect heterogeneity in difference-in-differences," CPB Discussion Paper 452, CPB Netherlands Bureau for Economic Policy Analysis.
    45. De Sanctis, Alessandro & Kapp, Daniel & Vinci, Francesca & Wojciechowski, Robert, 2025. "Unlocking growth? EU investment programmes and firm performance," Working Paper Series 3099, European Central Bank.
    46. Imam, Patrick A. & Temple, Jonathan R.W., 2024. "Political institutions and output collapses," European Journal of Political Economy, Elsevier, vol. 85(C).
    47. Deng, Liuchun & Müller, Steffen & Plümpe, Verena & Stegmaier, Jens, 2024. "Robots, occupations, and worker age: A production-unit analysis of employment," European Economic Review, Elsevier, vol. 170(C).
    48. Masahiro Tanaka, 2025. "Quasi-Bayesian Local Projections: Simultaneous Inference and Extension to the Instrumental Variable Method," Papers 2503.20249, arXiv.org, revised Dec 2025.
    49. Escudero, Veronica & Liepmann, Hannah & Vergara, Damian, 2024. "Directed Search, Wages, and Non-wage Amenities: Evidence from an Online Job Board," IZA Discussion Papers 17211, Institute of Labor Economics (IZA).
    50. Amorim, Guilherme & Britto, Diogo & Fonseca, Alexandre & Sampaio, Breno, 2024. "Job Loss, Unemployment Insurance, and Health: Evidence from Brazil," IZA Discussion Papers 16790, Institute of Labor Economics (IZA).
    51. Aniket Baksy & Daniel Chandler & Peter Lambert, 2025. "Anatomy of automation: CNC machines and industrial robots in UK manufacturing, 2005-2023," CEP Discussion Papers dp2131, Centre for Economic Performance, LSE.
    52. Leek, Lauren Caroline & Bischl, Simeon, 2024. "How Central Bank Independence Shapes Monetary Policy Communication: A Large Language Model Application," SocArXiv yrhka, Center for Open Science.
    53. Madsen, Jakob & Minniti, Antonio & Venturini, Francesco, 2024. "Declining research productivity and income inequality: A centenary perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    54. Fang, Francis Haoyu & Vlaicu, Razvan, 2024. "Local Banking Supply and Private Firm Activity: Evidence from Branch Closures," IDB Publications (Working Papers) 13645, Inter-American Development Bank.
    55. Ben Knox & Yannick Timmer, 2024. "Stagflationary Stock Returns," CESifo Working Paper Series 11236, CESifo.
    56. Jean-Baptiste Bonnier, 2024. "A Split-Treatment Design," Working Papers 2024-11, CRESE.
    57. Kai Arvai & Ricardo Duque Gabriel, 2024. "Gains from Commitment: The Case for Pegging the Exchange Rate," Working papers 974, Banque de France.
    58. Ron P. Smith, 2024. "Econometric Aspects of Convergence: A Survey," Open Economies Review, Springer, vol. 35(4), pages 701-721, September.
    59. Dominguez, Kathryn M.E. & Foschi, Andrea, 2024. "Whatever-it-takes policymaking during the pandemic," Journal of International Economics, Elsevier, vol. 149(C).
    60. Matthew Staiger & Giordano Palloni & John Voorheis, 2024. "Neighborhood Revitalization and Residential Sorting," Working Papers 24-12, Center for Economic Studies, U.S. Census Bureau.
    61. Hoyos, Mateo & Stellian, Rémi, 2025. "Dynamic trade elasticities and comparative advantages: Evidence from a PTA," SocArXiv 6fya2_v1, Center for Open Science.
    62. Kim, Youngmi & Jeong, Deokjae, 2025. "할당관세 정책이 농산물 소매가격에 미치는 인과적 영향 [The Causal Effects of Tariff-Rate Quota Policies on Agricultural Product Retail Prices]," MPRA Paper 126998, University Library of Munich, Germany.
    63. Shah, Syed Sadaqat Ali & Wu, Kai, 2025. "How effective are green spending multipliers? Eco-friendly vs non-eco-friendly spending in OECD economies," Energy Policy, Elsevier, vol. 204(C).

  8. James Cloyne & Òscar Jordà & Alan M. Taylor, 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," Working Paper Series 2023-05, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Jordà, Òscar & Nechio, Fernanda, 2023. "Inflation and wage growth since the pandemic," European Economic Review, Elsevier, vol. 156(C).
    2. Gonçalves, Sílvia & Herrera, Ana María & Kilian, Lutz & Pesavento, Elena, 2024. "State-dependent local projections," Journal of Econometrics, Elsevier, vol. 244(2).
    3. Juvenal, Luciana & Petrella, Ivan, 2024. "Unveiling the dance of commodity prices and the global financial cycle," Journal of International Economics, Elsevier, vol. 150(C).
    4. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    5. Alessandri, Piergiorgio & Jordà, Òscar & Venditti, Fabrizio, 2025. "Decomposing the monetary policy multiplier," Journal of Monetary Economics, Elsevier, vol. 152(C).
    6. Kumar, Abhishek & Mallick, Sushanta & Sinha, Apra, 2024. "Fiscal spillover in emerging economies: Real versus financial channels," Journal of International Money and Finance, Elsevier, vol. 149(C).
    7. Juvenal, Luciana & Petrella, Ivan, 2024. "Reprint of “Unveiling the dance of commodity prices and the global financial cycle”," Journal of International Economics, Elsevier, vol. 149(C).
    8. Adolfsen, Jakob Feveile & Ferrari Minesso, Massimo & Mork, Jente Esther & Van Robays, Ine, 2024. "Gas price shocks and euro area inflation," Working Paper Series 2905, European Central Bank.
    9. Schroeder, Christofer & Stracca, Livio, 2023. "Pollution havens? Carbon taxes, globalization, and the geography of emissions," Working Paper Series 2862, European Central Bank.
    10. Olegs Tkacevs & Karsten Staehr, 2025. "The Effects of Macroeconomic and Budget Balance Shocks on Public Debt Trajectories in the Euro Area," Working Papers 2025/08, Latvijas Banka.
    11. Nathan Goldstein & Ohad Raveh, 2024. "Looking up the sky: unidentified aerial phenomena and macroeconomic attention," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-25, December.
    12. Paranhos, Livia, 2025. "How do firms’ financial conditions influence the transmission of monetary policy? A non-parametric local projection approach," Journal of Econometrics, Elsevier, vol. 249(PC).
    13. Alexander Rodnyansky & Yannick Timmer & Naoki Yago, 2023. "Intervening against the Fed," CESifo Working Paper Series 10575, CESifo.
    14. Klieber, Karin & Coulombe, Philippe Goulet, 2025. "Opening the black box of local projections," Working Paper Series 3105, European Central Bank.
    15. Marinelli Gaston, 2025. "Global Dollar Shocks and Spillovers into EMDEs: The Channels of Commodity Prices and Country Risk," Asociación Argentina de Economía Política: Working Papers 4818, Asociación Argentina de Economía Política.
    16. Bertille Antoine & Otilia Boldea & Niccolo Zaccaria, 2024. "Efficient two-sample instrumental variable estimators with change points and near-weak identification," Papers 2406.17056, arXiv.org.
    17. Òscar Jordà, 2025. "Comment on "Local Projections or VARs? A Primer for Macroeconomists" 2," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, National Bureau of Economic Research, Inc.
    18. Manabu Nose, 2025. "Determinants of Domestic Sovereign Bond Yields: Fiscal Policy and the Sovereign–Bank Nexus in Emerging Market and Developing Economies," Keio-IES Discussion Paper Series DP2025-022, Institute for Economics Studies, Keio University.
    19. De Sanctis, Alessandro & Kapp, Daniel & Vinci, Francesca & Wojciechowski, Robert, 2025. "Unlocking growth? EU investment programmes and firm performance," Working Paper Series 3099, European Central Bank.
    20. Checherita-Westphal, Cristina & Pesso, Tom, 2024. "Fiscal policy and inflation: accounting for non-linearities in government debt," Working Paper Series 2996, European Central Bank.
    21. Philippe Goulet Coulombe & Karin Klieber, 2025. "Opening the Black Box of Local Projections," Papers 2505.12422, arXiv.org, revised Jul 2025.
    22. NAKAJIMA, Jouchi, 2025. "Time-varying Local Projections with Stochastic Volatility," Discussion Paper Series 761, Institute of Economic Research, Hitotsubashi University.
    23. Shah, Syed Sadaqat Ali & Wu, Kai, 2025. "How effective are green spending multipliers? Eco-friendly vs non-eco-friendly spending in OECD economies," Energy Policy, Elsevier, vol. 204(C).
    24. Hoyos, Mateo & Stellian, Rémi, 2025. "Dynamic trade elasticities and comparative advantages: Evidence from a PTA," OSF Preprints tr6e3_v1, Center for Open Science.

  9. Taylor, Alan M. & Jordà , Òscar & Singh, Sanjay, 2020. "Longer-run economic consequences of pandemics," CEPR Discussion Papers 14543, C.E.P.R. Discussion Papers.

    Cited by:

    1. Donadelli, Michael & Ferranna, Licia & Gufler, Ivan & Paradiso, Antonio, 2021. "Using past epidemics to estimate the macroeconomic implications of COVID-19: A bad idea!," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 214-224.
    2. Brzezinski, Adam & Deiana, Guido & Kecht, Valentin & Van Dijcke, David, 2020. "The COVID-19 Pandemic: Government vs. Community Action Across the United States," INET Oxford Working Papers 2020-06, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    3. Taoxiong Liu & Huolan Cheng & Jianping Liu & Zhen Sun, 2025. "Online Market Resilience to Economic Shocks: Evidence Based on Price Dispersion from the COVID-19 Outbreak in China," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 66(3), pages 397-413, March.
    4. Rubén Domínguez-Díaz & Samuel Hurtado & Carolina Menéndez, 2025. "Fiscal stimulus and productivity: simulating the NGEU program with an endogenous growth model," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 16(1), pages 191-228, March.
    5. Scott R. Baker & Nicholas Bloom & Steven J. Davis & Stephen J. Terry, 2020. "COVID-Induced Economic Uncertainty," NBER Working Papers 26983, National Bureau of Economic Research, Inc.
    6. Phurichai Rungcharoenkitkul, 2021. "Macroeconomic effects of Covid-19: a mid-term review," BIS Working Papers 959, Bank for International Settlements.
    7. Van der Ghote, Alejandro, 2021. "Benefits of macroprudential policy in low interest rate environments," Research Bulletin, European Central Bank, vol. 90.
    8. Brodeur, Abel & Clark, Andrew E. & Fleche, Sarah & Powdthavee, Nattavudh, 2020. "COVID-19, Lockdowns and Well-Being: Evidence from Google Trends," GLO Discussion Paper Series 552, Global Labor Organization (GLO).
    9. Altig, Dave & Baker, Scott & Barrero, Jose Maria & Bloom, Nicholas & Bunn, Philip & Chen, Scarlet & Davis, Steven J. & Leather, Julia & Meyer, Brent & Mihaylov, Emil & Mizen, Paul & Parker, Nicholas &, 2020. "Economic uncertainty before and during the COVID-19 pandemic," Journal of Public Economics, Elsevier, vol. 191(C).
    10. Cassola, Nuno & De Grauwe, Paul & Morana, Claudio & Tirelli, Patrizio, 2022. "The risks of exiting too early the policy responses to the COVID-19 recession," LSE Research Online Documents on Economics 113327, London School of Economics and Political Science, LSE Library.
    11. Laura Ketter & Todd Morris & Lizi Yu, 2025. "A new equilibrium: COVID-19 lockdowns and WFH persistence," Papers 2506.16671, arXiv.org.
    12. Brzezinski, Michal, 2021. "The impact of past pandemics on economic and gender inequalities," Economics & Human Biology, Elsevier, vol. 43(C).
    13. De Santis, Roberto A. & Van der Veken, Wouter, 2020. "Macroeconomic risks across the globe due to the Spanish Flu," Working Paper Series 2466, European Central Bank.
    14. Beyer, Robert & Milivojevic, Lazar, 2021. "Dynamics and synchronization of global equilibrium interest rates," IMFS Working Paper Series 146, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    15. Abel Brodeur & David Gray & Anik Islam & Suraiya Bhuiyan, 2021. "A literature review of the economics of COVID‐19," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1007-1044, September.
    16. Carl Bonham & Ruben Juarez & Nicole Siegal, 2023. "Long COVID and Unemployment in Hawaii," IJERPH, MDPI, vol. 20(13), pages 1-12, June.
    17. Pham, Tien Duc & Dwyer, Larry & Su, Jen-Je & Ngo, Tramy, 2021. "COVID-19 impacts of inbound tourism on Australian economy," Annals of Tourism Research, Elsevier, vol. 88(C).
    18. Tahsin Saadi Sedik & Rui Xu, 2020. "A Vicious Cycle: How Pandemics Lead to Economic Despair and Social Unrest," IMF Working Papers 2020/216, International Monetary Fund.
    19. Tomas Reichenbachas & Linas Jurkšas & Rokas Kaminskas, 2021. "Natural real rates of interest across Euro area countries: Are R-stars getting closer together?," Bank of Lithuania Discussion Paper Series 24, Bank of Lithuania.
    20. Vladimir Arčabić, 2020. "Koronakriza i što Hrvatska može naučiti iz dosadašnjih recesija," Tradicionalni skup Hrvatskog društva ekonomista u Opatiji - objavljena poglavlja, in: Josip Tica & Katarina Bačić (ed.), Ekonomska politika u 2021. godini - Hrvatska poslije pandemije, volume 28, chapter 1, pages 21-58, Hrvatsko društvo ekonomista (Croatian Society of Economists).
    21. Aziz Berdiev & Rajeev K. Goel & James W. Saunoris, 2020. "International Disease Epidemics and the Shadow Economy," CESifo Working Paper Series 8425, CESifo.
    22. Robert J. R. Elliott & Ingmar Schumacher & Cees Withagen, 2020. "Suggestions for a Covid-19 Post-Pandemic Research Agenda in Environmental Economics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 1187-1213, August.
    23. Fraser Summerfield & Livio Di Matteo, 2021. "Influenza Pandemics and Macroeconomic Fluctuations in Recent Economic History," Working Papers 210002, Canadian Centre for Health Economics.
    24. Gong, Di & Jiang, Tao & Lu, Liping, 2021. "Pandemic and bank lending: Evidence from the 2009 H1N1 pandemic," Finance Research Letters, Elsevier, vol. 39(C).
    25. Theologos Dergiades & Costas Milas & Elias Mossialos & Theodore Panagiotidis, 2021. "Effectiveness of Government Policies in Response to the COVID-19 Outbreak," Discussion Paper Series 2021_05, Department of Economics, University of Macedonia, revised Feb 2021.
    26. Lukasz Rachel, 2025. "The second wave," Review of Economic Design, Springer;Society for Economic Design, vol. 29(1), pages 87-113, February.
    27. García-Suaza, Andrés & Gallego, Juan Miguel & Mayorga, Juan D. & Mondragón-Mayo, Angie & Sepúlveda, Carlos & Sarango Iturralde, Alexander, 2022. "COVID-19 and assimilation: an analysis of immigration from Venezuelan in Colombia," Working papers 99, Red Investigadores de Economía.
    28. Mahata, Sushobhan & Khan, Rohan Kanti & Chaudhuri, Sarbajit & Nag, Ranjanendra Narayan, 2022. "COVID-19 lockdown, family migration and unemployment in a gendered society," Research in Economics, Elsevier, vol. 76(3), pages 218-236.
    29. Bonam, Dennis & Smădu, Andra, 2021. "The long-run effects of pandemics on inflation: Will this time be different?," Economics Letters, Elsevier, vol. 208(C).
    30. Chinn, Menzie & Ito, Hiro, 2025. "Current account dynamics and saving-investment nexus in a changing and uncertain world," Journal of International Money and Finance, Elsevier, vol. 151(C).
    31. Pablo Garcia & Pascal Jacquinot & ÄŒrt LenarÄ iÄ & Matija Lozej & Kostas Mavromatis, 2023. "Global models for a global pandemic: the impact of COVID-19 on small euro area economies," Working Papers 782, DNB.
    32. Basco, Sergi & Domènech, Jordi & Rosés, Joan R., 2021. "The redistributive effects of pandemics: Evidence on the Spanish flu," World Development, Elsevier, vol. 141(C).
    33. Jinji Hao & Harry Gregg & Yao Yao, 2023. "COVID‐19 and Long‐Term Economic Growth," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(2), pages 221-237, June.
    34. Florian Bonnet & Hippolyte d'Albis & Josselin Thuilliez, 2022. "Influenza Mortality in French Regions after the Hong Kong Flu Pandemic," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03763371, HAL.
    35. Bloom, Nicholas & Bunn, Philip & Mizen, Paul & Smietanka, Pawel & Thwaites, Gregory Douglas, 2023. "The impact of Covid-19 on productivity," LSE Research Online Documents on Economics 121314, London School of Economics and Political Science, LSE Library.
    36. Gabrijela Velickovic & Jelena Stanojevic & Milan Veselinovic, 2023. "Managing Financial Performance toward Achievements in Sustainability Prospects: Comparative Analysis of the e-Commerce and Hospitality Industries," JRFM, MDPI, vol. 16(9), pages 1-17, September.
    37. Sanjeev Gupta & João Tovar Jalles, 2021. "Can Covid-19 Induce Governments to Implement Tax Reforms in Developing Countries?," Working Papers REM 2021/0168, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    38. Francesco Busato & Bruno Chiarini & Gianluigi Cisco & Maria Ferrara & Elisabetta Marzano, 2020. "Lockdown Policies: A Macrodynamic Perspective for Covid-19," CESifo Working Paper Series 8465, CESifo.
    39. Mahata, Ajit & Rai, Anish & Nurujjaman, Md. & Prakash, Om, 2021. "Modeling and analysis of the effect of COVID-19 on the stock price: V and L-shape recovery," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 574(C).
    40. Adesoji O. Farayibi & Simplice A. Asongu, 2020. "The Economic Consequences of the Covid-19 Pandemic in Nigeria," Research Africa Network Working Papers 20/042, Research Africa Network (RAN).
    41. Sanchez Serrano, Antonio, 2022. "From Lost Turnover to Nonperforming Loans: The Impact of the COVID-19 Pandemic on the Economy and on the Financial System," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 4(3), pages 99-164, April.
    42. Chhatwani, Malvika & Mishra, Sushanta Kumar, 2021. "Financial fragility and financial optimism linkage during COVID-19: Does financial literacy matter?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 94(C).
    43. Bruno Carvalho & Susana Peralta & Joao Pereira dos Santos, 2020. "What and how did people buy during the Great Lockdown? Evidence from electronic payments," Working Papers ECARES 2020-20, ULB -- Universite Libre de Bruxelles.
    44. Padhan, Rakesh & Prabheesh, K.P., 2021. "The economics of COVID-19 pandemic: A survey," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 220-237.
    45. Maura Campra & Paolo Esposito & Valerio Brescia, 2021. "State of the Art of COVID-19 and Business, Management, and Accounting Sector. A Bibliometrix Analysis," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(1), pages 1-35, August.
    46. Liu, Junrong & Deng, Guoying & Yan, Jingzhou & Ma, Shibo, 2025. "Does economic policy uncertainty matter to corporate default probability? findings from theoretic analyses and China’s listed firms," The North American Journal of Economics and Finance, Elsevier, vol. 75(PA).
    47. Bakas, Dimitrios & Triantafyllou, Athanasios, 2020. "Commodity price volatility and the economic uncertainty of pandemics," Economics Letters, Elsevier, vol. 193(C).
    48. Joshua Bernstein & Alexander W. Richter & Nathaniel A. Throckmorton, 2020. "COVID-19: A View from the Labor Market," Working Papers 2010, Federal Reserve Bank of Dallas.
    49. Carroll, Christopher D. & Slacalek, Jiri & White, Matthew N. & Crawley, Edmund S., 2020. "Modeling the consumption response to the CARES Act," Working Paper Series 2441, European Central Bank.
    50. Davide Furceri & Siddharth Kothari & Longmei Zhang, 2021. "The effects of COVID‐19 containment measures on the Asia‐Pacific region," Pacific Economic Review, Wiley Blackwell, vol. 26(4), pages 469-497, October.
    51. Yingfeng Fang & Fen Zhang & Chenyu Zhou & Ming Chen, 2021. "Governance Capability of the Public Health System: A Comparative Analysis of the Control of COVID-19 in the Different Provinces of China," IJERPH, MDPI, vol. 18(8), pages 1-14, April.
    52. Kawaguchi, Kohei & Kodama, Naomi & Tanaka, Mari, 2020. "Small Business under the COVID-19 Crisis: Expected Short- and Medium-Run Effects of Anti-Contagion and Economic Policies," SSPJ Discussion Paper Series DP20-002, Service Sector Productivity in Japan: Determinants and Policies, Institute of Economic Research, Hitotsubashi University.
    53. Łukasz Gębski, 2021. "The Impact of the Crisis Triggered by the COVID-19 Pandemic and the Actions of Regulators on the Consumer Finance Market in Poland and Other European Union Countries," Risks, MDPI, vol. 9(6), pages 1-15, June.
    54. Abouk, Rahi & Earle, John S. & Maclean, Johanna Catherine & Park, Sungbin, 2025. "Promoting public health with blunt instruments: Evidence from vaccine mandates," Labour Economics, Elsevier, vol. 96(C).
    55. Michal Brzezinski, 2021. "The impact of past pandemics on CO$_2$ emissions and transition to renewable energy," Papers 2104.14199, arXiv.org.
    56. Tiberiu Cristian Avrămescu, 2020. "Assessments on the Effects of the Coronavirus Pandemic on the Economies of the Central and South-East European Union Countries," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 105-112, August.
    57. Maciej Stefański, 2022. "GDP effects of pandemics: a historical perspective," Empirical Economics, Springer, vol. 63(6), pages 2949-2995, December.
    58. Hai-Jie Wang & Yong Geng & Xi-Qiang Xia & Quan-Jing Wang, 2021. "Impact of Economic Policy Uncertainty on Carbon Emissions: Evidence from 137 Multinational Countries," IJERPH, MDPI, vol. 19(1), pages 1-12, December.
    59. Stephan Leitner & Bartosz Gula & Dietmar Jannach & Ulrike Krieg-Holz & Friederike Wall, 2021. "Understanding the dynamics emerging from infodemics: a call to action for interdisciplinary research," SN Business & Economics, Springer, vol. 1(1), pages 1-18, January.
    60. Joao Jalles, 2023. "Pandemics and economic turmoil in the shortrun: the role of fiscal space," Working Papers 2023.02, International Network for Economic Research - INFER.
    61. Veronica Guerrieri & Guido Lorenzoni & Ludwig Straub & Iván Werning, 2020. "Macroeconomic Implications of COVID-19: Can Negative Supply Shocks Cause Demand Shortages?," Working Papers 2020-35, Becker Friedman Institute for Research In Economics.
    62. Bianchi, Francesco & Bianchi, Giada & Song, Dongho, 2023. "The long-term impact of the COVID-19 unemployment shock on life expectancy and mortality rates," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
    63. Michael Buchner, 2020. "Fiscal Policy in an Age of Secular Stagnation," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(3), pages 398-429, September.
    64. Athanasios Anastasiou & Nicholas Apergis & Athina Zervoyianni, 2024. "Pandemic, sentiments over COVID-19, and EU convergence," Empirical Economics, Springer, vol. 66(4), pages 1683-1707, April.
    65. Lorenzo Pozzi & Barbara Sadaba, 2021. "Macroeconomic disasters and consumption smoothing," Tinbergen Institute Discussion Papers 21-030/VI, Tinbergen Institute.
    66. Agnès Bénassy-Quéré & Beatrice Weder di Mauro, 2020. "European Pandemic Recovery: An Opportunity to Reboot," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(4), pages 205-209, July.
    67. Jorge Luis Tonetto & Josep Miquel Pique & Carina Rapetti, 2025. "Multiple Hazards and Economic Resilience: Sectoral Impacts and Post-Disaster Recovery in a High-Risk Brazilian State," Sustainability, MDPI, vol. 17(17), pages 1-21, August.
    68. Ze Chen & Yuan Wang & Yanjun Guan & Michael Jie Guo & Rong Xu, 2023. "Long‐term effect of childhood pandemic experience on medical major choice: Evidence from the 2003 severe acute respiratory syndrome outbreak in China," Health Economics, John Wiley & Sons, Ltd., vol. 32(5), pages 1120-1147, May.
    69. Egana-delSol, Pablo & Micco, Alejandro, 2024. "The Role of Technological Change in the Evolution of the Employment to Output Elasticity," IZA Discussion Papers 17003, Institute of Labor Economics (IZA).
    70. Haelim Anderson & Jin-Wook Chang & Adam Copeland, 2020. "The Effect of the Central Bank Liquidity Support during Pandemics: Evidence from the 1918 Spanish Influenza Pandemic," Finance and Economics Discussion Series 2020-050, Board of Governors of the Federal Reserve System (U.S.).
    71. Brian Beach & Karen Clay & Martin Saavedra, 2020. "The 1918 Influenza Pandemic and its Lessons for COVID-19," Working Papers 2020-15, The George Washington University, Institute for International Economic Policy.
    72. Bogdan Muraraşu & Cristina Anghelescu & Robert Adrian Grecu, 2023. "Assessing fiscal multipliers in times of crisis: evidence from selected CEE countries," Empirical Economics, Springer, vol. 65(4), pages 1627-1654, October.
    73. Dong, Zhanyu & Cai, Jiayi & Li, Xuchao & Luan, Mengna, 2025. "Firm-level impacts and recovery dynamics following a public health crisis: Lessons from China’s SARS experience," Journal of Asian Economics, Elsevier, vol. 98(C).
    74. Tihana Škrinjarić, 2021. "Profiting on the Stock Market in Pandemic Times: Study of COVID-19 Effects on CESEE Stock Markets," Mathematics, MDPI, vol. 9(17), pages 1-20, August.
    75. Eickmeier, Sandra & Quast, Josefine & Schüler, Yves, 2024. "Macroeconomic and financial effects of natural disasters," Discussion Papers 45/2024, Deutsche Bundesbank.
    76. Guido Ascari & Anna Florio & Alessandro Gobbi, 2020. "Monetary-fiscal interactions under price level targeting," Papers 2010.14979, arXiv.org.
    77. Philip Barrett & Sonali Das & Giacomo Magistretti & Evgenia Pugacheva & Philippe Wingender, 2023. "Long COVID? Prospects for economic scarring from the pandemic," Contemporary Economic Policy, Western Economic Association International, vol. 41(2), pages 227-242, April.
    78. Ambrocio, Gene & Juselius, Mikael, 2020. "Dealing with the costs of the COVID-19 pandemic – what are the fiscal options?," BoF Economics Review 2/2020, Bank of Finland.
    79. Hackethal, Andreas & Weber, Annika, 2020. "Fiscal policies and household consumption during the COVID-19 pandemic: A review of early evidence," SAFE White Paper Series 76, Leibniz Institute for Financial Research SAFE.
    80. Provash Kumer SARKER, 2020. "Covid crisis: Fiscal, monetary and macro-financial policy responses," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(624), A), pages 41-54, Autumn.
    81. Alexander Dietrich & Keith Kuester & Gernot J. Müller & Raphael Schoenle, 2020. "News and Uncertainty about COVID-19: Survey Evidence and Short-Run Economic Impact," Working Papers 20-12R, Federal Reserve Bank of Cleveland, revised 22 Dec 2021.
    82. Christian Estmann & Henrik Hansen & John Rand, 2021. "Fiscal policy responses to COVID-19 in Danida priority countries in Sub-Saharan Africa," DERG working paper series 21-09, University of Copenhagen. Department of Economics. Development Economics Research Group (DERG).
    83. Jagoda Kaszowska-Mojsa & Przemyslaw Wlodarczyk, 2020. "To freeze or not to freeze? Epidemic prevention and control in the DSGE model with agent-based epidemic component," Lodz Economics Working Papers 3/2020, University of Lodz, Faculty of Economics and Sociology.
    84. Łukasz Rachel, 2020. "An Analytical Model of Covid-19 Lockdowns," Discussion Papers 2029, Centre for Macroeconomics (CFM).
    85. SERBU Sorin-Razvan, 2020. "Reflections On Digital Transformation Momentum In Public And Private Sector Organisations," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 72(4), pages 101-108, December.
    86. Adham Sayed & Bin Peng, 2021. "Pandemics and income inequality: a historical review," SN Business & Economics, Springer, vol. 1(4), pages 1-17, April.
    87. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    88. MALATA, Alain K. & PINSHI, Christian P., 2020. "Fading the effects of coronavirus with monetary policy," MPRA Paper 101526, University Library of Munich, Germany, revised Jun 2020.
    89. Pakasa Bary & Pandu Kuntoaji & Dwi Febby Multiretno & IGP Wira Kusuma, 2025. "Potential Implications Of The Pandemic On Medium Term Productivity," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 28(1), pages 57-84, April.
    90. Cem Çakmaklı & Selva Demiralp & Ṣebnem Kalemli-Özcan & Sevcan Yesiltas & Muhammed A. Yildirim, 2020. "COVID-19 and Emerging Markets: A SIR Model, Demand Shocks and Capital Flows," NBER Working Papers 27191, National Bureau of Economic Research, Inc.
    91. Emara, Noha, 2025. "Threshold effects of financial depth on domestic savings: Evidence from the EMEA region," Economic Analysis and Policy, Elsevier, vol. 86(C), pages 1987-2000.
    92. Rachel Yuting Fan & Daniel Lederman & Ha Nguyen & Claudio J. Rojas, 2024. "Calamities, Debt, and Growth in Developing Countries," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 487-507, March.
    93. Péter Benczúr & István Kónya, 2022. "Convergence to the Centre," Contributions to Economics, in: László Mátyás (ed.), Emerging European Economies after the Pandemic, chapter 0, pages 1-51, Springer.
    94. John G. Fernald & Huiyu Li, 2021. "The Impact of COVID on Potential Output," Working Paper Series 2021-09, Federal Reserve Bank of San Francisco.
    95. Lorena Skufi & Adam Geršl, 2023. "Using Macrofinancial Models to Simulate Macroeconomic Developments During the COVID-19 Pandemic: The Case of Albania," Eastern European Economics, Taylor & Francis Journals, vol. 61(5), pages 517-553, September.
    96. Holtemöller, Oliver, 2020. "Integrated assessment of epidemic and economic dynamics," IWH Discussion Papers 4/2020, Halle Institute for Economic Research (IWH).
    97. Adalbert Winkler, 2020. "COVID-19, Grippewellen und ökonomische Aktivität — die Perspektive der Wirkungsanalyse [COVID-19, Influenza and Economic Activity — An Impact Analysis Perspective]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(5), pages 344-350, May.
    98. Johannes Blum & Martin Mosler & Niklas Potrafke & Fabian Ruthardt, 2020. "Ökonomenpanel: Wie bewerten Ökonom*innen die wirtschaftspolitischen Reaktionen auf die Coronakrise?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(04), pages 48-51, April.
    99. Funke, Michael & Tsang, Andrew, 2020. "The People's Bank of China's response to the coronavirus pandemic: A quantitative assessment," BOFIT Discussion Papers 12/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    100. PINSHI, Christian P. & MALATA, Alain, 2020. "Canal d’incertitude de la COVID-19 : Quelles stratégies et tactiques pour la politique monétaire ? [COVID-19 Uncertainty Channel: What Strategies and Tactics for Monetary Policy?]," MPRA Paper 109313, University Library of Munich, Germany.
    101. Béland, Louis-Philippe & Brodeur, Abel & Wright, Taylor, 2020. "The Short-Term Economic Consequences of COVID-19: Exposure to Disease, Remote Work and Government Response," IZA Discussion Papers 13159, Institute of Labor Economics (IZA).
    102. Buesa, Alejandro & Pérez, Javier J. & Santabárbara, Daniel, 2021. "Awareness of pandemics and the impact of COVID-19," Economics Letters, Elsevier, vol. 204(C).
    103. Benjamin Fomba Kamga & Rodrigue Nda'Chi Deffo, 2022. "Analysis of the resilience strategies of Cameroonian companies in the face of Covid‐19 and their effects on activity," Journal of International Development, John Wiley & Sons, Ltd., vol. 34(4), pages 880-897, May.
    104. Fernández-Gallardo, Álvaro & Payá, Iván, 2025. "Public debt burden and crisis severity," European Economic Review, Elsevier, vol. 176(C).
    105. Jacopo Bonchi & Giacomo Caracciolo, 2021. "Declining natural interest rate in the US: the pension system matters," Temi di discussione (Economic working papers) 1317, Bank of Italy, Economic Research and International Relations Area.
    106. Béland, Louis-Philippe & Brodeur, Abel & Mikola, Derek & Wright, Taylor, 2020. "The Short-Term Economic Consequences of COVID-19: Occupation Tasks and Mental Health in Canada," IZA Discussion Papers 13254, Institute of Labor Economics (IZA).
    107. Ortmans, Aymeric & Tripier, Fabien, 2021. "COVID-induced sovereign risk in the euro area: When did the ECB stop the spread?," European Economic Review, Elsevier, vol. 137(C).
    108. Luigi Bonatti & Andrea Fracasso & Roberto Tamborini, 2020. "COVID-19 and the Future of Quantitative Easing in the Euro Area: Three Scenarios with a Trilemma," DEM Working Papers 2020/11, Department of Economics and Management.
    109. Berger, Tino & Morley, James & Wong, Benjamin, 2023. "Nowcasting the output gap," Journal of Econometrics, Elsevier, vol. 232(1), pages 18-34.
      • Tino Berger & James Morley & Benjamin Wong, 2020. "Nowcasting the Output Gap," CAMA Working Papers 2020-78, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    110. David Baqaee & Emmanuel Farhi, 2020. "Supply and Demand in Disaggregated Keynesian Economies with an Application to the Covid-19 Crisis," NBER Working Papers 27152, National Bureau of Economic Research, Inc.
    111. Martin Bodenstein & Giancarlo Corsetti & Luca Guerrieri, 2020. "Social Distancing and Supply Disruptions in a Pandemic," Finance and Economics Discussion Series 2020-031, Board of Governors of the Federal Reserve System (U.S.).
    112. Gallardo, Mauricio, 2022. "Measuring vulnerability to multidimensional poverty with Bayesian network classifiers," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 492-512.
    113. Maria Klona, 2021. "The Days After COVID-19: A Meta-Analysis on the Impact of Epidemics and Pandemics on Long-Term Macro-Economic Performance," American Business Review, Pompea College of Business, University of New Haven, vol. 24(1), pages 188-224.
    114. Enrico Berbenni & Stefano Colombo, 2021. "The impact of pandemics: revising the Spanish Flu in Italy in light of models’ predictions, and some lessons for the Covid-19 pandemic," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(2), pages 219-243, June.
    115. Carrillo Julio A. & García Ana Laura, 2021. "The COVID-19 Economic Crisis in Mexico through the Lens of a Financial Conditions Index," Working Papers 2021-23, Banco de México.
    116. Kong, Edward & Prinz, Daniel, 2020. "Disentangling policy effects using proxy data: Which shutdown policies affected unemployment during the COVID-19 pandemic?," Journal of Public Economics, Elsevier, vol. 189(C).
    117. Vito Polito & Yunyi Zhang, 2021. "Tackling Large Outliers in Macroeconomic Data with Vector Artificial Neural Network Autoregression," CESifo Working Paper Series 9395, CESifo.
    118. Lucian Liviu ALBU & Ciprian Ion PREDA & Radu LUPU & Carmen Elena DOBROTĂ & George Marian CĂLIN & Claudia M. BOGHICEVICI, 2020. "Estimates of Dynamics of the Covid19 Pandemic and of its Impact on the Economy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 5-17, July.
    119. Howard Bodenhorn, 2020. "Business in a Time of Spanish Influenza," NBER Working Papers 27495, National Bureau of Economic Research, Inc.
    120. Apergis, Nicholas & Danuletiu, Dan & Xu, Bing, 2022. "CDS spreads and COVID-19 pandemic," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 76(C).
    121. Patrik Barisic & Tibor Kovac, 2022. "The effectiveness of the fiscal policy response to COVID-19 through the lens of short and long run labor market effects of COVID-19 measures," Public Sector Economics, Institute of Public Finance, vol. 46(1), pages 43-81.
    122. Tobin Hanspal & Annika Weber & Johannes Wohlfart, 2020. "Exposure to the Covid-19 Stock Market Crash and its Effect on Household Expectations," CESifo Working Paper Series 8244, CESifo.
    123. Marina Sheresheva & Marina Efremova & Lilia Valitova & Anna Polukhina & Georgy Laptev, 2021. "Russian Tourism Enterprises’ Marketing Innovations to Meet the COVID-19 Challenges," Sustainability, MDPI, vol. 13(7), pages 1-17, March.
    124. Mitchell, Olivia S., 2020. "Building better retirement systems in the wake of the global pandemic," CFS Working Paper Series 644, Center for Financial Studies (CFS).
    125. Palenzuela, Diego Rodriguez & Saiz, Lorena & Stoevsky, Grigor & Tóth, Máté & Warmedinger, Thomas & Grigoraș, Veaceslav, 2024. "The euro area business cycle and its drivers," Occasional Paper Series 354, European Central Bank.
    126. Naudé, Wim, 2020. "Entrepreneurial Recovery from COVID-19: Decentralization, Democratization, Demand, Distribution, and Demography," IZA Discussion Papers 13436, Institute of Labor Economics (IZA).
    127. Philip Bunn & Lena Anayi & Nicholas Bloom & Paul Mizen & Gregory Thwaites & Ivan Yotzov, 2025. "How curvy is the Phillips curve?," Bank of England working papers 1107, Bank of England.
    128. Roee Sarel, 2022. "Crime and punishment in times of pandemics," European Journal of Law and Economics, Springer, vol. 54(2), pages 155-186, October.
    129. David E. Bloom & Michael Kuhn & Klaus Prettner, 2020. "Modern Infectious Diseases: Macroeconomic Impacts and Policy Responses," Working Papers 2020-17, The George Washington University, Institute for International Economic Policy.
    130. Ketter, Laura & Morris, Todd & Yu, Lizi, 2025. "A New Equilibrium: COVID-19 Lockdowns and WFH Persistence," IZA Discussion Papers 17975, Institute of Labor Economics (IZA).
    131. Haelim Anderson & Jin-Wook Chang & Adam Copeland, 2020. "The Effect of the Central Bank Liquidity Support during Pandemics: Evidence from the 1918 Influenza Pandemic," Staff Reports 928, Federal Reserve Bank of New York.
    132. Volodymyr Shevchenko, 2020. "Economic Shocks Of The Pandemic Impact: The European Case," Three Seas Economic Journal, Publishing house "Baltija Publishing", vol. 1(2).
    133. Niko Hauzenberger & Daniel Kaufmann & Rebecca Stuart & Cédric Tille, 2022. "What Drives Long-Term Interest Rates? Evidence from the Entire Swiss Franc History 1852-2020," IRENE Working Papers 22-03, IRENE Institute of Economic Research.
    134. Fidel Pérez-Sebastián & Rafael Serrano-Quintero, 2025. "The economic linkages of Covid-19 across sectors and regions in Europe," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 16(1), pages 5-81, March.
    135. Md. Rezaul Karim & Samia Afrin Shetu, 2023. "COVID-19 and going concern problem: empirical evidence from an emerging economy," SN Business & Economics, Springer, vol. 3(12), pages 1-22, December.
    136. Francisco Louçã & Alexandre Abreu & Gonçalo Pessa Costa, 2021. "Disarray at the headquarters: Economists and Central bankers tested by the subprime and the COVID recessions [Forward guidance without common knowledge]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(2), pages 273-296.
    137. Zheng, Shiyuan & Jiang, Changmin & Fu, Xiaowen & Huang, Ying, 2025. "Airline competition and government regulation during a global pandemic: A retrospective analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 197(C).
    138. De Santis, Roberto A. & Van der Veken, Wouter, 2020. "Forecasting macroeconomic risk in real time: Great and Covid-19 Recessions," Working Paper Series 2436, European Central Bank.
    139. Lorena G Barberia & Maria Leticia Claro Oliveira & Andrea Junqueira & Natália de Paula Moreira & Guy D. Whitten, 2021. "Should I stay or should I go? Embracing causal heterogeneity in the study of pandemic policy and citizen behavior," Social Science Quarterly, Southwestern Social Science Association, vol. 102(5), pages 2055-2069, September.
    140. Carolyn Chisadza & Matthew Clance & Rangan Gupta, 2021. "Government Effectiveness and the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(6), pages 1-15, March.
    141. Zhao, Hongjun & Chen, Na, 2022. "Medium and long-term impact of SARS on total factor productivity（TFP): Empirical evidence from Chinese industrial enterprises," Journal of Asian Economics, Elsevier, vol. 82(C).
    142. Meinen, Philipp & Serafini, Roberta & Papagalli, Ottavia, 2021. "Regional economic impact of Covid-19: the role of sectoral structure and trade linkages," Working Paper Series 2528, European Central Bank.
    143. Shomak Chakrabarti & Ilia Krasikov & Rohit Lamba, 2022. "Behavioral epidemiology: An economic model to evaluate optimal policy in the midst of a pandemic," Papers 2202.04174, arXiv.org.
    144. John Beirne Beirne & Nuobu Renzhi & Eric Alexander Sugandi & Ulrich Volz, 2020. "Financial Market and Capital Flow Dynamics During the COVID-19 Pandemic," ADBI Working Papers 1158, Asian Development Bank Institute.
    145. Asli Demirgüç‐Kunt & Michael Lokshin & Iván Torre, 2021. "The sooner, the better: The economic impact of non‐pharmaceutical interventions during the early stage of the COVID‐19 pandemic," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 29(4), pages 551-573, October.
    146. Rehman, Obaid Ur & Wu, Kai & Liu, Jia, 2024. "COVID-19 exposure, financial flexibility, and corporate leverage adjustment," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    147. Saki Bigio & Mengbo Zhang & Eduardo Zilberman, 2020. "Transfers vs Credit Policy: Macroeconomic Policy Trade-offs during Covid-19," NBER Working Papers 27118, National Bureau of Economic Research, Inc.
    148. Kiyota, Kozo, 2022. "The COVID-19 pandemic and the world trade network," Journal of Asian Economics, Elsevier, vol. 78(C).
    149. Rasa Kanapickiene & Deimante Teresiene & Daiva Budriene & Greta Keliuotytė-Staniulėnienė & Jekaterina Kartasova, 2020. "The Impact Of Covid-19 On European Financial Markets And Economic Sentiment," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 14(1), pages 144-163.
    150. Dieppe,Alistair Matthew & Kilic Celik,Sinem & Okou,Cedric Iltis Finafa, 2020. "Implications of Major Adverse Events on Productivity," Policy Research Working Paper Series 9411, The World Bank.
    151. Schell, Daniel & Wang, Mei & Huynh, Toan Luu Duc, 2020. "This time is indeed different: A study on global market reactions to public health crisis," Journal of Behavioral and Experimental Finance, Elsevier, vol. 27(C).
    152. Fourné, Marius, 2025. "Cross-border transmission of climate policies through global production networks," IWH Discussion Papers 19/2025, Halle Institute for Economic Research (IWH).
    153. Tripti Tiwari & Mohit Tiwari, 2020. "Current Economic Slowdown and Opportunities for Cost Effective Services and Products using Technological Inventions: An Empirical Study," International Journal of Economics and Financial Issues, Econjournals, vol. 10(5), pages 121-129.
    154. Jacek Lewkowicz & Rafał Woźniak, 2024. "Pandemic Misery Index: How to Overcome the Effects of the COVID-19 Pandemic?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 172(3), pages 925-946, April.
    155. Michael König & Adalbert Winkler, 2021. "COVID-19: Lockdowns, Fatality Rates and GDP Growth," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(1), pages 32-39, January.
    156. David Baqaee & Emmanuel Farhi, 2020. "Nonlinear Production Networks with an Application to the Covid-19 Crisis," NBER Working Papers 27281, National Bureau of Economic Research, Inc.
    157. Liudmila Kitrar & Tamara Lipkind, 2021. "Assessment Of GDP Growth After The Corona Crisis Using The Results Of Business And Consumer Surveys," HSE Working papers WP BRP 118/STI/2021, National Research University Higher School of Economics.
    158. Raphaël Franck, 2024. "Labor scarcity, technology adoption and innovation: evidence from the cholera pandemics in 19th century France," Journal of Economic Growth, Springer, vol. 29(4), pages 543-583, December.
    159. Wang, Xun & Yu, Jingwen, 2023. "COVID-19 pandemic and corporate liquidity: The role of SOEs’ trade credit response," Journal of International Money and Finance, Elsevier, vol. 137(C).
    160. Bruno Carvalho & Susana Peralta & Joao Pereira dos Santos, 2020. "Regional and Sectorial Impacts of the Covid-19 Crisis: Evidence from Electronic Payments," Working Papers ECARES 2020-48, ULB -- Universite Libre de Bruxelles.
    161. Alain N. Kabundi & Mr. Montfort Mlachila & Jiaxiong Yao, 2022. "How Persistent are Climate-Related Price Shocks? Implications for Monetary Policy," IMF Working Papers 2022/207, International Monetary Fund.
    162. Pinkovetskaia Iuliia, 2022. "Impact of Covid-19 pandemic on household income: results of a survey of the economically active population," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 32(1), pages 43-57, March.
    163. Aziz N. Berdiev & James W. Saunoris, 2021. "Do Disease Epidemics Stimulate or Repress Entrepreneurial Activity?," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 47(4), pages 464-486, October.
    164. Xiao Ke & Cheng Hsiao, 2022. "Economic impact of the most drastic lockdown during COVID‐19 pandemic—The experience of Hubei, China," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(1), pages 187-209, January.
    165. Pierre L. Siklos, 2022. "Did the great influenza of 1918–1920 trigger a reversal of the first era of globalization?," International Economics and Economic Policy, Springer, vol. 19(3), pages 459-490, July.
    166. Ablam Estel Apeti & Jean-Louis Combes & Xavier Debrun & Alexandru Minea, 2021. "Did Fiscal Space Foster Covid-19's Fiscal Stimuli ?," Post-Print hal-03351634, HAL.
    167. Fernandes, Daniel, 2022. "Business Cycle Accounting for the COVID-19 Recession," MPRA Paper 111577, University Library of Munich, Germany.
    168. Goel, Rajeev K. & Nelson, Michael A. & Goel, Viraat Y., 2021. "COVID-19 vaccine rollout—scale and speed carry different implications for corruption," Journal of Policy Modeling, Elsevier, vol. 43(3), pages 503-520.
    169. Aymeric Ortmans & Fabien Tripier, 2020. "COVID-Induced Sovereign Risk in the Euro Area: When Did the ECB Stop the Contagion?," Working Papers 2020-11, CEPII research center.
    170. Hinterlang, Natascha & Moyen, Stéphane & Röhe, Oke & Stähler, Nikolai, 2021. "Gauging the effects of the German COVID-19 fiscal stimulus package," Discussion Papers 43/2021, Deutsche Bundesbank.
    171. Ricardo Hausmann & Ulrich Schetter, 2020. "Horrible Trade-offs in a Pandemic: Lockdowns, Transfers, Fiscal Space, and Compliance," CID Working Papers 382, Center for International Development at Harvard University.
    172. Adam Noga & Andrzej K. Koźmiński & Katarzyna Piotrowska & Krzysztof Zagórski, 2022. "Czynniki emocjonalne ograniczające inwestycje w europejskich krajach OECD," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 2, pages 172-189.
    173. Etienne Gagnon & Benjamin K. Johannsen & J. David López-Salido, 2020. "Supply-Side Effects of Pandemic Mortality: Insights from an Overlapping-Generations Model," Finance and Economics Discussion Series 2020-060, Board of Governors of the Federal Reserve System (U.S.).
    174. Zhang, Yulian & Hamori, Shigeyuki, 2021. "Do news sentiment and the economic uncertainty caused by public health events impact macroeconomic indicators? Evidence from a TVP-VAR decomposition approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 82(C), pages 145-162.
    175. Pompeo Della Posta & Enrico Marelli & Marcello Signorelli, 2022. "COVID-19, Economic Policies and Public Debt Sustainability in Italy," Sustainability, MDPI, vol. 14(8), pages 1-20, April.
    176. Zahra, Shaker A., 2021. "International entrepreneurship in the post Covid world," Journal of World Business, Elsevier, vol. 56(1).
    177. Zhixian Lin & Christopher M. Meissner, 2020. "Health vs. Wealth? Public Health Policies and the Economy During Covid-19," NBER Working Papers 27099, National Bureau of Economic Research, Inc.
    178. Brancati, Emanuele & Brancati, Raffaele, 2020. "Heterogeneous Shocks in the Covid-19 Pandemic: Panel Evidence from Italian Firms," GLO Discussion Paper Series 649, Global Labor Organization (GLO).
    179. Nguyen Doan & Canh Phuc Nguyen & Ilan Noy & Yasuyuki Sawada, 2020. "The Economic Impacts of a Pandemic: What Happened after SARS in 2003?," CESifo Working Paper Series 8687, CESifo.
    180. Ali Gungoraydinoglu & Ilke Öztekin & Özde Öztekin, 2021. "The Impact of COVID-19 and Its Policy Responses on Local Economy and Health Conditions," JRFM, MDPI, vol. 14(6), pages 1-27, May.
    181. Giorgia Menta, 2021. "Poverty in the COVID-19 Era: Real Time Data Analysis on Five European Countries," Working Papers 568, ECINEQ, Society for the Study of Economic Inequality.
    182. Demiessie, Habtamu, 2020. "COVID-19 Pandemic Uncertainty Shock Impact on Macroeconomic Stability in Ethiopia," MPRA Paper 102625, University Library of Munich, Germany, revised 31 Aug 2020.
    183. Giorgio Canarella & Luis A. Gil-Alana & Rangan Gupta & Stephen M. Miller, 2020. "The Behavior of Real Interest Rates: New Evidence from a ``Suprasecular" Perspective," Working Papers 202093, University of Pretoria, Department of Economics.
    184. Costa Junior, Celso J. & Garcia-Cintado, Alejandro C. & Junior, Karlo Marques, 2021. "Macroeconomic policies and the pandemic-driven recession," International Review of Economics & Finance, Elsevier, vol. 72(C), pages 438-465.
    185. AITOUTOUHEN, latifa, 2021. "Study of the Socio-Economic Impact of the COVID-19 Crisis in Morocco," MPRA Paper 111114, University Library of Munich, Germany, revised 15 Dec 2021.
    186. Karen García-Rojas & Paula Herrera-Idárraga & Leonardo Fabio Morales & Natalia Ramírez-Bustamante & Ana María Tribín-Uribe, 2020. "(She)cession: The Colombian female staircase fall," Borradores de Economia 1140, Banco de la Republica de Colombia.
    187. Tiberiu Cristian Avramescu, 2020. "Assessments Onthe Effects Of The Coronavirus Pandemic On The Romanian Economy," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 57-64, June.
    188. Anna Spoz & Ilona Skibinska-Fabrowska & Grzegorz Kotlinski & Helena Zukowska, 2021. "The Impact of the Covid-19 Pandemic on the Financial Performance of Public Companies in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(4 - Part ), pages 955-976.
    189. Naudé, Wim, 2020. "Industrialization under Medieval Conditions? Global Development after COVID-19," IZA Discussion Papers 13829, Institute of Labor Economics (IZA).
    190. Wang, Lipeng & Zhang, Mengyu & Verousis, Thanos, 2021. "The road to economic recovery: Pandemics and innovation," International Review of Financial Analysis, Elsevier, vol. 75(C).
    191. He, Qichun, 2020. "The COVID-19 Pandemic in a Monetary Schumpeterian Model," MPRA Paper 101965, University Library of Munich, Germany.
    192. Thomas Habanabakize & Zandri Dickason-Koekemoer, 2022. "The Responsiveness of Liquid Fuel Price towards COVID-19 and Exchange Rate Fluctuations," International Journal of Economics and Financial Issues, Econjournals, vol. 12(6), pages 173-179, November.
    193. Julian Kozlowski & Laura Veldkamp & Venky Venkateswaran, 2020. "Scarring Body and Mind: The Long-Term Belief-Scarring Effects of COVID-19," NBER Working Papers 27439, National Bureau of Economic Research, Inc.
    194. Chang Ma & John H. Rogers & Sili Zhou, 2020. "Modern Pandemics: Recession and Recovery," International Finance Discussion Papers 1295, Board of Governors of the Federal Reserve System (U.S.).

  10. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, C.E.P.R. Discussion Papers.

    Cited by:

    1. Karamysheva, Madina, 2022. "How do fiscal adjustments work? An empirical investigation," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
    2. Fernández Romero, Daniel, 2025. "The fiscal multiplier in presence of unconventional monetary policy: Evidence for 17 OECD countries," Economic Modelling, Elsevier, vol. 147(C).
    3. Hristov, Nikolay & Hülsewig, Oliver & Kolb, Benedikt, 2024. "Macroprudential capital regulation and fiscal balances in the euro area," Journal of International Money and Finance, Elsevier, vol. 143(C).
    4. Magud, Nicolas E. & Pienknagura, Samuel, 2024. "The return of expansionary austerity: Firms' investment response to fiscal adjustments in emerging markets," Journal of International Money and Finance, Elsevier, vol. 143(C).
    5. Inoue, Atsushi & Rossi, Barbara & Wang, Yiru, 2024. "Local projections in unstable environments," Journal of Econometrics, Elsevier, vol. 244(2).
    6. Joseph Kopecky & Giacomo Mangiante, 2025. "Monetary Policy Goes Boomer: The Effect of Population Age Structure on Policy Transmission," Trinity Economics Papers tep1725, Trinity College Dublin, Department of Economics.
    7. Joseph Kopecky, 2021. "The Age for Austerity? Population Age Structure and Fiscal Multipliers," Trinity Economics Papers tep1621, Trinity College Dublin, Department of Economics.
    8. Mishel Ghassibe & Francesco Zanetti, 2021. "State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters," Economics Series Working Papers 930, University of Oxford, Department of Economics.
    9. Òscar Jordà & Fernanda Nechio, 2023. "Inflation and Wage Growth Since the Pandemic," Working Paper Series 2022-17, Federal Reserve Bank of San Francisco.
    10. Miller, Keaton & Wilson, Wesley W., 2023. "Changes in rail rates for U.S. commodity grain shipments over time," Research in Transportation Economics, Elsevier, vol. 102(C).
    11. Angela Köppl & Margit Schratzenstaller-Altzinger, 2022. "Macroeconomic Effects of Green Recovery Programmes. Conceptual Framing and a Review of the Empirical Literature," WIFO Working Papers 646, WIFO.
    12. Ortmans, Aymeric & Tripier, Fabien, 2021. "COVID-induced sovereign risk in the euro area: When did the ECB stop the spread?," European Economic Review, Elsevier, vol. 137(C).
    13. Mangiante, Giacomo, 2024. "The geographic effects of carbon pricing," European Economic Review, Elsevier, vol. 168(C).
    14. Kopecky, Joseph, 2022. "The age for austerity? Population age structure and fiscal consolidation multipliers," Journal of Macroeconomics, Elsevier, vol. 73(C).
    15. Mario Alloza & Jesus Gonzalo & Carlos Sanz, 2020. "Dynamic Effects of Persistent Shocks," Papers 2006.14047, arXiv.org.
    16. Pallante, Gianluca & Russo, Emanuele & Roventini, Andrea, 2023. "Does public R&D funding crowd-in private R&D investment? Evidence from military R&D expenditures for US states," Research Policy, Elsevier, vol. 52(8).
    17. Jake D. Orchard, 2025. "Non-homothetic Demand Shifts and Inflation Inequality," Finance and Economics Discussion Series 2025-085, Board of Governors of the Federal Reserve System (U.S.).

  11. Taylor, Alan M. & Jordà , Òscar & Schularick, Moritz, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," CEPR Discussion Papers 14559, C.E.P.R. Discussion Papers.

    Cited by:

    1. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.
    2. Abdoulaye Millogo, 2020. "Hysteresis Effects and Macroeconomics Gains from Unconventional Monetary Policies Stabilization," Cahiers de recherche 20-12, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
    3. Kuvshinov, Dmitry & Richter, Björn & Zimmermann, Kaspar, 2022. "The shifts and the shocks: bank risk, leverage, and the macroeconomy," Working Paper Series 2672, European Central Bank.
    4. Rafael Cezar & Eric Monnet, 2021. "Capital Controls and Foreign Reserves against External Shocks: Combined or Alone?," Working papers 849, Banque de France.
    5. Basco, Sergi & Domènech, Jordi & Rosés, Joan R., 2021. "The redistributive effects of pandemics: Evidence on the Spanish flu," World Development, Elsevier, vol. 141(C).
    6. Toan Phan & Felipe Schwartzman, 2023. "Climate Defaults and Financial Adaptation," Working Paper 23-06, Federal Reserve Bank of Richmond.
    7. Iqbal, Javed & Mahmood, Fatima & Nosheen, Misbah & Wohar, Mark, 2023. "The asymmetric impact of exchange rate misalignment on economic growth of India: An application of Hodrick–Prescott filter technique," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 809-823.
    8. Ferreira, Thiago R.T., 2024. "Cross-sectional financial conditions, business cycles and the lending channel," Journal of Monetary Economics, Elsevier, vol. 147(C).
    9. Fève, Patrick & Sanchez, Pablo Garcia & Moura, Alban & Pierrard, Olivier, 2021. "Costly default and skewed business cycles," European Economic Review, Elsevier, vol. 132(C).
    10. James Mitchell & Martin Weale, 2023. "Censored density forecasts: Production and evaluation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(5), pages 714-734, August.
    11. Iseringhausen, Martin & Petrella, Ivan & Theodoridis, Konstantinos, 2021. "Aggregate Skewness and the Business Cycle," Cardiff Economics Working Papers E2021/30, Cardiff University, Cardiff Business School, Economics Section.
    12. Alogoskoufis, George & Malliaris, A.G. & Stengos, Thanasis, 2023. "The scope and methodology of economic and financial asymmetries," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    13. Logachov, A. & Logachova, O. & Yambartsev, A., 2024. "Processes with catastrophes: Large deviation point of view," Stochastic Processes and their Applications, Elsevier, vol. 176(C).
    14. Moritz Schularick, 2021. "Corporate indebtedness and macroeconomic stabilisation from a long-term perspective," ECONtribute Policy Brief Series 024, University of Bonn and University of Cologne, Germany.

  12. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.

    Cited by:

    1. Karlström, Peter, 2025. "Macroprudential policy and systemic risk: The role of corporate and household credit booms," Journal of Financial Stability, Elsevier, vol. 78(C).
    2. Goodhart, Charles A.E. & Tsomocos, Dimitrios P. & Wang, Xuan, 2023. "Support for small businesses amid COVID‐19," LSE Research Online Documents on Economics 118164, London School of Economics and Political Science, LSE Library.
    3. Fattouh, Bassam & Pisicoli, Beniamino & Scaramozzino, Pasquale, 2024. "Debt and financial fragility: Italian non-financial companies after the pandemic," Economic Modelling, Elsevier, vol. 131(C).
    4. Liu, Chun & Liang, Shilin & Sun, Liang, 2024. "Unintended consequences of the introduction of specialized bankruptcy courts: evidence from zombie lending," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    5. Demirguc-Kunt, Asli & Horvath, Balint L. & Huizinga, Harry, 2023. "Loan Recoveries and the Financing of Zombie Firms over the Business Cycle," Discussion Paper 2023-017, Tilburg University, Center for Economic Research.
    6. Edward I. Altman & Rui Dai & Wei Wang, 2024. "Global zombie companies: measurements, determinants, and outcomes," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(6), pages 723-744, August.
    7. Gil Nogueira & Geraldo Cerqueiro, 2025. "Judicial Enforcement, Credit Frictions, and the Transmission of Bankruptcy through Firm Networks," Working Papers w202529, Banco de Portugal, Economics and Research Department.
    8. Tomohito HONDA & Arito ONO & Iichiro UESUGI & Yukihiro YASUDA, 2023. "Anatomy of Out-of-court Debt Workouts for SMEs," Discussion papers 23088, Research Institute of Economy, Trade and Industry (RIETI).
    9. Falk Bräuning & Viacheslav Sheremirov, 2023. "The Historical Effects of Banking Distress on Economic Activity," Current Policy Perspectives 96216, Federal Reserve Bank of Boston.
    10. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    11. Kin Wai Cheung & Masami Imai, 2023. "Zombie Lending, Labor Hoarding, and Local Industry Growth," Wesleyan Economics Working Papers 2023-003, Wesleyan University, Department of Economics.
    12. Andrieş, Alin Marius & Ongena, Steven & Sprincean, Nicu, 2025. "Sectoral credit allocation and systemic risk," Journal of Financial Stability, Elsevier, vol. 76(C).
    13. Nabil Daher, 2024. "Is growth at risk from natural disasters? Evidence from quantile local projections," French Stata Users' Group Meetings 2024 12, Stata Users Group.
    14. Fraccaroli, Nicolò & Sowerbutts, Rhiannon & Whitworth, Andrew, 2025. "Does regulatory and supervisory independence affect financial stability?," Journal of Banking & Finance, Elsevier, vol. 170(C).
    15. Nirupama Kulkarni & S.K. Ritadhi & Sayan Mukherjee, 2021. "Unearthing Zombies," Working Papers 59, Ashoka University, Department of Economics.
    16. Angela De Martiis & Franziska J. Peter, 2023. "When companies don't die: Analyzing zombie firms in a low interest rate environment," Aussenwirtschaft, University of St. Gallen, School of Economics and Political Science, Swiss Institute for International Economics and Applied Economics Research, vol. 73(01), pages 67-86, December.
    17. Sebastiao OLIVEIRA & Jay RAFI & Pedro SIMON, 2024. "The Effect of United States Monetary Policy on Foreign Firms: Does Debt Maturity Matter?," Working Papers DP-2024-27, Economic Research Institute for ASEAN and East Asia (ERIA).
    18. Assaf Razin, 2021. "Globalization and Global Crises: Rest of the World vs. Israel," NBER Working Papers 28339, National Bureau of Economic Research, Inc.
    19. Bruno Albuquerque, 2024. "Corporate debt booms, financial constraints, and the investment nexus," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(5), pages 766-789, August.
    20. Peter Karlström, 2023. "Macroprudential Policy, Credit Booms, and Banks' Systemic Risk," CEMLA Working Paper Series 03/2023, CEMLA.
    21. Hodbod, Alexander & Hommes, Cars & Huber, Stefanie J. & Salle, Isabelle, 2021. "The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey," European Economic Review, Elsevier, vol. 140(C).
    22. Canofari, Paolo & Cucculelli, Marco & Piergallini, Alessandro & Renghini, Matteo, 2025. "Tightening monetary policy and investment dynamics in the European Monetary Union: Firm- and country-level heterogeneity," Journal of Corporate Finance, Elsevier, vol. 94(C).
    23. Bertay, Ata & Huizinga, Harry, 2024. "Banking Narket Integration in Europe and Insolvency Law," Other publications TiSEM c755d114-ca99-4591-be7d-9, Tilburg University, School of Economics and Management.
    24. Davis, Leila & de Souza, Joao & Kim, YK. & Rella, Giacomo, 2023. "What are firms borrowing for? The role of financial assets," Economic Modelling, Elsevier, vol. 125(C).
    25. Martin Kornejew & Chen Lian & Yueran Ma & Pablo Ottonello & Diego J. Perez, 2024. "Bankruptcy Resolution and Credit Cycles," NBER Chapters, in: NBER Macroeconomics Annual 2024, volume 39, pages 1-39, National Bureau of Economic Research, Inc.
    26. Yuan, Jun & Yang, Liuyong & Xu, Qi, 2025. "The real side of black swans: Tail risk and corporate investment," Journal of Banking & Finance, Elsevier, vol. 176(C).
    27. Nabil Daher, 2025. "Is growth at risk from natural disasters ? Evidence from quantile local projections," EconomiX Working Papers 2025-9, University of Paris Nanterre, EconomiX.
    28. Assaf Razin, 2021. "Globalization And Global Crises: Israel And The Rest Of The World," Israel Economic Review, Bank of Israel, vol. 19(1), pages 103-134.
    29. Serena Fatica & Tommaso Oliviero & Michela Rancan, 2025. "Judicial inefficiency and the default of zombie firms," CSEF Working Papers 747, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    30. Alfonso Ugarte, 2025. "Global | locproj y lpgraph: Comandos de Stata para estimar proyecciones locales [Global | locproj and lpgraph: Stata commands to estimate Local Projections]," Working Papers 25/09, BBVA Bank, Economic Research Department.
    31. Bańkowski, Krzysztof & Bouabdallah, Othman & Domingues Semeano, João & Dorrucci, Ettore & Freier, Maximilian & Jacquinot, Pascal & Modery, Wolfgang & Rodríguez-Vives, Marta & Valenta, Vilém & Zorell, , 2022. "The economic impact of Next Generation EU: a euro area perspective," Occasional Paper Series 291, European Central Bank.
    32. Christian Keuschnigg & Michael Kogler & Johannes Matt, 2024. "Banks, Credit Reallocation, and Creative Destruction," Discussion Papers 2404, Centre for Macroeconomics (CFM).
    33. Yoshibumi Makabe & Yoshihiko Norimasa, 2022. "The Term Structure of Inflation at Risk: A Panel Quantile Regression Approach," Bank of Japan Working Paper Series 22-E-4, Bank of Japan.
    34. João Tovar Jalles & Paulo Medas, 2022. "Economic Growth after Debt Surges," Working Papers REM 2022/0244, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    35. Wang, Yuan & Xing, Chao & Zhang, Luxiu, 2024. "Is greenwashing beneficial for corporate access to financing? Evidence from China," Finance Research Letters, Elsevier, vol. 65(C).

  13. Taylor, Alan M. & Jordà , Òscar & Singh, Sanjay, 2020. "The long-run effects of monetary policy," CEPR Discussion Papers 14338, C.E.P.R. Discussion Papers.

    Cited by:

    1. Garga, Vaishali & Singh, Sanjay R., 2021. "Output hysteresis and optimal monetary policy," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 871-886.
    2. Bhattarai, Saroj & Schwartzman, Felipe & Yang, Choongryul, 2021. "Local scars of the US housing crisis," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 40-57.
    3. Rogers, John & Sun, Bo & Wu, Wenbin, 2025. "Drivers of the global financial cycle," Journal of International Economics, Elsevier, vol. 156(C).
    4. Noelia Araújo-Vila & Jose A. Fraiz-Brea & Alexandra Matos Pereira, 2021. "Societal Changes Due to “COVID-19”. An Analysis of the Tourism Sector of Galicia, Spain," Sustainability, MDPI, vol. 13(15), pages 1-22, July.
    5. Georgii Riabov & Aleh Tsyvinski, 2021. "Policy with stochastic hysteresis," Papers 2104.10225, arXiv.org.
    6. Francesco Furlanetto & Kåre Hagelund & Frank Hansen & Ørjan Robstad, 2020. "Norges Bank Output Gap Estimates: Forecasting Properties, Reliability and Cyclical Sensitivity," Working Paper 2020/7, Norges Bank.
    7. Martin Wolf & Luca Fornaro, 2020. "The scars of supply shocks: Implications for monetary policy," Working Papers 1214, Barcelona School of Economics.
    8. Alisdair McKay & Johannes F. Wieland, 2021. "Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy," Staff Report 622, Federal Reserve Bank of Minneapolis.
    9. Tumisang Loate & Ekaterina Pirozhkova & Nicola Viegi, 2021. "Sailing into the Wind evaluating the near future of Monetary Policy in South Africa," Working Papers 11006, South African Reserve Bank.
    10. Chen, Yao & Ward, Felix, 2025. "Output divergence in fixed exchange rate regimes," Journal of International Economics, Elsevier, vol. 157(C).
    11. Canova, Fabio, 2020. "FAQ: How do I measure the Output gap?," CEPR Discussion Papers 14943, C.E.P.R. Discussion Papers.
    12. Kwak, Kyongjun & Granados, Camilo, 2025. "Dissecting capital flows: Do capital controls shield against foreign shocks?," Journal of Financial Stability, Elsevier, vol. 79(C).
    13. Leonardo N. Ferreira, 2020. "Forward Guidance Matters: Disentangling Monetary Policy Shocks," Working Papers 912, Queen Mary University of London, School of Economics and Finance.
    14. Klein, Mathias & Linnemann, Ludger, 2021. "Real exchange rate and international spillover effects of US technology shocks," Journal of International Economics, Elsevier, vol. 129(C).
    15. Lucidi, Francesco Simone & Semmler, Willi, 2023. "Long-run scarring effects of meltdowns in a small-scale nonlinear quadratic model," Journal of Macroeconomics, Elsevier, vol. 75(C).
    16. Albert Queraltó, 2022. "Monetary Policy in a Model of Growth," International Finance Discussion Papers 1340, Board of Governors of the Federal Reserve System (U.S.).
    17. Dieppe,Alistair Matthew & Francis,Neville Ricardo & Kindberg-Hanlon,Gene, 2021. "Technology and Demand Drivers of Productivity Dynamics in Developed and Emerging Market Economies," Policy Research Working Paper Series 9525, The World Bank.
    18. Cardi, Olivier & Restout, Romain, 2023. "Sectoral fiscal multipliers and technology in open economy," Journal of International Economics, Elsevier, vol. 144(C).
    19. Mehdi El Herradi & Aurélien Leroy, 2020. "Monetary policy and the top one percent: Evidence from a century of modern economic history," AMSE Working Papers 2047, Aix-Marseille School of Economics, France.
    20. Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
    21. Fazzari, Steven M. & González, Alejandro, 2025. "How large are hysteresis effects? Estimates from a Keynesian growth model," Journal of Economic Dynamics and Control, Elsevier, vol. 173(C).
    22. Francesco Furlanetto & Antoine Lepetit & Ørjan Robstad & Juan F. Rubio-Ramirez & Pål Ulvedal, 2021. "Estimating Hysteresis Effects," Finance and Economics Discussion Series 2021-059, Board of Governors of the Federal Reserve System (U.S.).
    23. Tervala, Juha, 2021. "Hysteresis and the welfare costs of recessions," Economic Modelling, Elsevier, vol. 95(C), pages 136-144.
    24. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    25. Joseph Kopecky, 2021. "Okay Boomer... Excess Money Growth, Inflation, and Population Aging," Trinity Economics Papers tep0721, Trinity College Dublin, Department of Economics, revised Oct 2021.
    26. Fatás, Antonio & Cerra, Valerie & Saxena, Sweta, 2020. "Hysteresis and Business Cycles," CEPR Discussion Papers 14531, C.E.P.R. Discussion Papers.
    27. Ilzetzki, Ethan, 2024. "Learning by necessity: government demand, capacity constraints, and productivity growth," LSE Research Online Documents on Economics 124150, London School of Economics and Political Science, LSE Library.
    28. Cloyne, James S. & Hürtgen, Patrick & Taylor, Alan M., 2022. "Global monetary and financial spillovers: Evidence from a new measure of Bundesbank policy shocks," Discussion Papers 34/2022, Deutsche Bundesbank.
    29. Elfsbacka Schmöller, Michaela & Goldfayn-Frank, Olga & Schmidt, Tobias, 2024. "Do recessions slow technology growth? Evidence from the firm level," Bank of Finland Research Discussion Papers 15/2024, Bank of Finland.
    30. Granados, Camilo & Parra-Amado, Daniel, 2024. "Estimating the output gap after COVID: How to address unprecedented macroeconomic variations," Economic Modelling, Elsevier, vol. 135(C).
    31. Elfsbacka Schmöller, Michaela & McClung, Nigel, 2024. "Can growth stabilize debt? A fiscal theory perspective," Bank of Finland Research Discussion Papers 2/2024, Bank of Finland, revised 2024.
    32. Christophe Blot & Jérôme Creel & Emmanuelle Faure & Paul Hubert, 2020. "Setting New Priorities for the ECB's Mandate," Sciences Po Economics Publications (main) hal-03403024, HAL.
    33. Ahmed, Rashad & Rebucci, Alessandro, 2024. "Dollar reserves and U.S. yields: Identifying the price impact of official flows," Journal of International Economics, Elsevier, vol. 152(C).
    34. Rieder, Kilian, 2022. "Monetary policy decision-making by committee: Why, when and how it can work," European Journal of Political Economy, Elsevier, vol. 72(C).
    35. Drudi, Francesco & Moench, Emanuel & Holthausen, Cornelia & Weber, Pierre-François & Ferrucci, Gianluigi & Setzer, Ralph & Adao, Bernardino & Dées, Stéphane & Alogoskoufis, Spyros & Téllez, Mar Delgad, 2021. "Climate change and monetary policy in the euro area," Occasional Paper Series 271, European Central Bank.
    36. John G. Fernald & Robert Inklaar, 2022. "The UK Productivity “Puzzle” in an International Comparative Perspective," Working Paper Series 2022-07, Federal Reserve Bank of San Francisco.
    37. Tervala, Juha & Watson, Timothy, 2022. "Hysteresis and fiscal stimulus in a recession," Journal of International Money and Finance, Elsevier, vol. 124(C).
    38. de Groot, Oliver & Hauptmeier, Sebastian & Holm-Hadulla, Fédéric & Nikalexi, Katerina, 2020. "Monetary policy and regional inequality," Working Paper Series 2385, European Central Bank.
    39. Jung, Kuk Mo & Pyun, Ju Hyun, 2023. "A long-run approach to money, unemployment, and equity prices," Economic Modelling, Elsevier, vol. 125(C).
    40. Bonam, Dennis & Ciccarelli, Matteo & Gomes, Sandra & Aldama, Pierre & Bańkowski, Krzysztof & Buss, Ginters & da Costa, José Cardoso & Christoffel, Kai & Elfsbacka Schmöller, Michaela & Jacquinot, Pasc, 2024. "Challenges for monetary and fiscal policy interactions in the post-pandemic era," Occasional Paper Series 337, European Central Bank.
    41. Lorenzo Di Domenico & Santiago José Gahn & Davide Romaniello, 2024. "Testing the Waters of Positive Hysteresis: The Effects of Autonomous Demand Shocks on Inflation, Accumulation, and Labor in the US Economy," Centro Sraffa Working Papers CSWP64, Centro di Ricerche e Documentazione 'Piero Sraffa'.
    42. Andr√©s O. D√°vila-Ospina, 2023. "Hysteresis From Monetary Policy Mistakes: How Bad Could It Be?," Documentos CEDE 21003, Universidad de los Andes, Facultad de Economía, CEDE.
    43. Tim Willems, 2020. "What Do Monetary Contractions Do? Evidence From Large Tightenings," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 41-58, October.
    44. Narayana R. Kocherlakota, 2020. "21st Century Macro," NBER Working Papers 26791, National Bureau of Economic Research, Inc.
    45. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    46. Belomestny, Denis & Krymova, Ekaterina & Polbin, Andrey, 2021. "Bayesian TVP-VARX models with time invariant long-run multipliers," Economic Modelling, Elsevier, vol. 101(C).
    47. Alberto Americo & Douglas Kiarelly Godoy de Araujo & Johannes Damp & Sjur Nilsen & Daniel Rees & Rafael Schmidt & Christian Schmieder, 2025. "Inflation cycles: evidence from international data," BIS Working Papers 1264, Bank for International Settlements.
    48. Rémi Odry & Roman Mestre, 2021. "Monetary Policy and Business Cycle Synchronization in Europe," EconomiX Working Papers 2021-19, University of Paris Nanterre, EconomiX.
    49. Juselius, Mikael, 2025. "Navigating the sea of natural real interest rate estimates," BoF Economics Review 3/2025, Bank of Finland.
    50. Laura G√≥mez-Acevedo & Marc Hofstetter, 2020. "Disinflations and income distribution," Documentos CEDE 18481, Universidad de los Andes, Facultad de Economía, CEDE.
    51. Taylor, Alan M. & Jordà , Òscar, 2019. "Riders on the Storm," CEPR Discussion Papers 13978, C.E.P.R. Discussion Papers.
    52. Gulyas, Andreas & Meier, Matthias & Ryzhenkov, Mykola, 2024. "Labor market effects of monetary policy across workers and firms," European Economic Review, Elsevier, vol. 166(C).
    53. Sascha Buetzer, 2022. "Advancing the Monetary Policy Toolkit through Outright Transfers," IMF Working Papers 2022/087, International Monetary Fund.
    54. Kurozumi, Takushi & Van Zandweghe, Willem, 2022. "Macroeconomic changes with declining trend inflation: Complementarity with the superstar firm hypothesis," European Economic Review, Elsevier, vol. 141(C).
    55. Roa Rozo, Julián, 2024. "Is there hysteresis in potential output estimates?," Economics Letters, Elsevier, vol. 234(C).
    56. Alessandro Bellocchi & Giuseppe Travaglini, 2024. "Nonlinearity, Endogeneity, and Interaction: Implications for European Reform of Budgetary Rules," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 10(2), pages 519-550, July.
    57. Kartaev, Philipp (Картаев, Филипп) & Gerelishina, Alina (Герелишина, Алина), 2025. "Is There Long-Run Monetary Neutrality in Russia? [Долгосрочная Нейтральность Денег: Наблюдается Ли Она В России?]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, issue 1, pages 6-29.
    58. Felipe Alves & Giovanni L. Violante, 2024. "From Micro to Macro Hysteresis: Long-Run Effects of Monetary Policy," Staff Working Papers 24-39, Bank of Canada.
    59. Marques, André M. & Carvalho, André R., 2022. "Testing the neo-fisherian hypothesis in Brazil," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 407-419.
    60. Bruno Feunou & Jean-Sébastien Fontaine, 2021. "Debt-Secular Economic Changes and Bond Yields," Staff Working Papers 21-14, Bank of Canada.
    61. Puonti, Päivi, 2022. "Public Debt and Economic Growth," ETLA Reports 127, The Research Institute of the Finnish Economy.
    62. Shunsuke Haba & Yuichiro Ito & Shogo Nakano & Takahiro Yamanaka, 2024. "Assessing the Long-Term Impact of Monetary Policy," Bank of Japan Working Paper Series 24-E-19, Bank of Japan.
    63. Rosaria Rita Canale & G. Liotti, 2022. "Target2 imbalances and poverty in the eurozone," Journal of Evolutionary Economics, Springer, vol. 32(5), pages 1395-1417, November.
    64. Lechthaler, Wolfgang & Tesfaselassie, Mewael F., 2021. "Endogenous growth, skill obsolescence and fiscal multipliers," Kiel Working Papers 2184, Kiel Institute for the World Economy.
    65. Mumtaz, Haroon & Theophilopoulou, Angeliki, 2024. "The distributional effects of climate change. An empirical analysis," European Economic Review, Elsevier, vol. 169(C).
    66. Loipersberger, Florian & Matschke, Johannes, 2022. "Financial cycles and domestic policy choices," European Economic Review, Elsevier, vol. 143(C).
    67. Guérin, Pierre, 2023. "What are the effects of monetary policy on productivity?," Economics Letters, Elsevier, vol. 233(C).
    68. Lukmanova, Elizaveta & Rabitsch, Katrin, 2023. "Evidence on monetary transmission and the role of imperfect information: Interest rate versus inflation target shocks," European Economic Review, Elsevier, vol. 158(C).
    69. Mongelli, Francesco Paolo & Pointner, Wolfgang & van den End, Jan Willem, 2022. "The effects of climate change on the natural rate of interest: a critical survey," Working Paper Series 2744, European Central Bank.
    70. Jang, Bosung & So, Inhwan & Tong, Eric, 2023. "US structural drivers of international portfolio returns," The North American Journal of Economics and Finance, Elsevier, vol. 64(C).
    71. Michal Franta & Jan Libich, 2021. "Holding the Economy by the Tail: Analysis of Short- and Long-run Macroeconomic Risks," Working Papers 2021/3, Czech National Bank, Research and Statistics Department.
    72. Váry, Miklós, 2021. "The long-run real effects of monetary shocks: Lessons from a hybrid post-Keynesian-DSGE-agent-based menu cost model," Economic Modelling, Elsevier, vol. 105(C).

  14. Taylor, Alan M. & Jordà , Òscar, 2019. "Riders on the Storm," CEPR Discussion Papers 13978, C.E.P.R. Discussion Papers.

    Cited by:

    1. Brand, Claus & Goy, Gavin W & Lemke, Wolfgang, 2020. "Natural rate chimera and bond pricing reality," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224546, Verein für Socialpolitik / German Economic Association.
    2. Obstfeld, Maurice, 2021. "Two challenges from globalization," Journal of International Money and Finance, Elsevier, vol. 110(C).
    3. Davis, Josh & Fuenzalida, Cristian & Huetsch, Leon & Mills, Benjamin & Taylor, Alan M., 2024. "Global natural rates in the long run: Postwar macro trends and the market-implied r∗ in 10 advanced economies," Journal of International Economics, Elsevier, vol. 149(C).
    4. Obstfeld, Maurice, 2021. "Reprint: Two challenges from globalization," Journal of International Money and Finance, Elsevier, vol. 114(C).
    5. Müller, Gernot & Dietrich, Alexander & Schoenle, Raphael, 2021. "The Expectations Channel of Climate Change:Implications for Monetary Policy," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242446, Verein für Socialpolitik / German Economic Association.
    6. Thiago Revil T. Ferreira & Samer Shousha, 2021. "Supply of Sovereign Safe Assets and Global Interest Rates," International Finance Discussion Papers 1315, Board of Governors of the Federal Reserve System (U.S.).
    7. Ambrogio Cesa-Bianchi & Richard Harrison & Rana Sajedi, 2022. "Decomposing the drivers of Global R," Bank of England working papers 990, Bank of England.
    8. Alpanda, Sami & Granziera, Eleonora & Zubairy, Sarah, 2021. "State dependence of monetary policy across business, credit and interest rate cycles," European Economic Review, Elsevier, vol. 140(C).

  15. Taylor, Alan M. & Jordà , Òscar & Schularick, Moritz, 2019. "The Total Risk Premium Puzzle," CEPR Discussion Papers 13595, C.E.P.R. Discussion Papers.

    Cited by:

    1. Lars Hultkrantz, 2021. "Discounting in economic evaluation of healthcare interventions: what about the risk term?," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(3), pages 357-363, April.
    2. NguyenHuu, Tam, 2022. "The impacts of rare disasters on asset returns and risk premiums in advanced economies (1870–2015)," Finance Research Letters, Elsevier, vol. 45(C).
    3. Geoffrey Meen & Alexander Mihailov & Yehui Wang, 2022. "On the long-run solution to aggregate housing systems," Urban Studies, Urban Studies Journal Limited, vol. 59(1), pages 178-196, January.
    4. Fehrle, Daniel & Heiberger, Christopher, 2024. "The return on everything and the business cycle in production economies," Economic Modelling, Elsevier, vol. 136(C).
    5. Łukowski, Michał & Gemra, Kamil & Maruszewski, Janusz & Śliwiński, Paweł & Zygmanowski, Piotr, 2020. "Equity premium puzzle — Evidence from Poland," Journal of Behavioral and Experimental Finance, Elsevier, vol. 28(C).
    6. Jaccard, Ivan, 2021. "Leveraged property cycles," Working Paper Series 2539, European Central Bank.

  16. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2018. "The Rate of Return on Everything, 1870-2015," CESifo Working Paper Series 6899, CESifo.

    Cited by:

    1. Athanasios Geromichalos & Lucas Herrenbrueck, 2022. "The Liquidity-Augmented Model of Macroeconomic Aggregates: A New Monetarist DSGE Approach," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 134-167, July.
    2. Garcia, Daniel & Molloy, Raven, 2025. "Reexamining lackluster productivity growth in construction," Regional Science and Urban Economics, Elsevier, vol. 113(C).
    3. Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben & Steger, Thomas, 2021. "Distributional consequences of surging housing rents," Journal of Economic Theory, Elsevier, vol. 196(C).
    4. Nitschka, Thomas & Satkurunathan, Shajivan, 2021. "Habits die hard: implications for bond and stock markets internationally," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242358, Verein für Socialpolitik / German Economic Association.
    5. Dávila-Fernández, Marwil J. & Punzo, Lionello F., 2021. "The Kuznets curve of the rich," Economic Systems, Elsevier, vol. 45(4).
    6. Sergi Basco & Jair N. Ojeda-Joya, 2024. "House Prices and International Remittances: Evidence from Colombia," Borradores de Economia 1273, Banco de la Republica de Colombia.
    7. Roberto Iacono & Elisa Palagi, 2023. "A micro perspective on r > g," Economica, London School of Economics and Political Science, vol. 90(358), pages 531-556, April.
    8. Agnès Bénassy-Quéré & Hippolyte d'Albis, 2021. "Taxing capital and labor when both factors are imperfectly mobile internationally," PSE Working Papers halshs-03134050, HAL.
    9. Kishor, N. Kundan & Konkel, Rebecca & Yoon, Jangsu & Zhao, Tian, 2023. "Bridging the racial disparity in wealth creation in Milwaukee," MPRA Paper 117686, University Library of Munich, Germany.
    10. Arvai, Kai & Coimbra, Nuno, 2025. "Privilege Lost? The Rise and Fall of a Dominant Global Currency," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325376, Verein für Socialpolitik / German Economic Association.
    11. Kim, Duhyeong, 2023. "International effects of quantitative easing and foreign exchange intervention," Journal of International Economics, Elsevier, vol. 145(C).
    12. Waitkus, Nora & Savage, Mike & Toft, Maren, 2025. "Wealth and class analysis: exploitation, closure and exclusion," LSE Research Online Documents on Economics 124534, London School of Economics and Political Science, LSE Library.
    13. Taylor, Alan M. & Davis, Josh, 2019. "The Leverage Factor: Credit Cycles and Asset Returns," CEPR Discussion Papers 14115, C.E.P.R. Discussion Papers.
    14. Isaiah Hull & Conny Olovsson & Karl Walentin & Andreas Westermark, 2022. "Manufacturing Decline and House Price Volatility," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 45, pages 264-281, July.
    15. Marco Del Negro & Domenico Giannone & Marc Giannoni & Andrea Tambalotti, 2018. "Global trends in interest rates," Staff Reports 866, Federal Reserve Bank of New York.
    16. Josef Schroth, 2021. "Optimal Monetary and Macroprudential Policies," Staff Working Papers 21-21, Bank of Canada.
    17. Steger, Thomas & Grossmann, Volker & Larin, Benjamin & Löfflad, Hans Torben, 2019. "Distributional Effects of Surging Housing Costs under Schwabe`s Law of Rent," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203613, Verein für Socialpolitik / German Economic Association.
    18. Alexander Chudik & Kamiar Mohaddes & M. Hashem Pesaran & Mehdi Raissi & Alessandro Rebucci, 2020. "A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model," NBER Working Papers 27855, National Bureau of Economic Research, Inc.
    19. Uta Bolt & Eric French & Jamie Hentall MacCuish & Cormac O'Dea, 2023. "Intergenerational Altruism and Transfers of Time and Money: A Life Cycle Perspective," Opportunity and Inclusive Growth Institute Working Papers 69, Federal Reserve Bank of Minneapolis.
    20. Lorenzo Pozzi, "undated". "Housing returns and intertemporal substitution in consumption: estimates for industrial economies," Tinbergen Institute Discussion Papers 22-044/VI, Tinbergen Institute.
    21. Meyer, Josefin & Reinhart, Carmen M. & Trebesch, Christoph, 2021. "Sovereign bonds since Waterloo," Kiel Working Papers 2206, Kiel Institute for the World Economy.
    22. Yang Bai & Shize Li & Jialu Shen, 2025. "Homeownership as Life Cycle Goldmine: Evidence from Macrohistory," Papers 2507.17624, arXiv.org.
    23. ÅžimÅŸek, Alp & Caballero, Ricardo, 2019. "A Risk-centric Model of Demand Recessions and Speculation," CEPR Discussion Papers 13815, C.E.P.R. Discussion Papers.
    24. Strulik, Holger, 2019. "An economic theory of depression and its impact on health behavior and longevity," Journal of Economic Behavior & Organization, Elsevier, vol. 158(C), pages 269-287.
    25. Agnieszka Markiewicz & Rafal Raciborski, 2022. "Income Inequality and Stock Market Returns," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 286-307, January.
    26. Jaqueson Galimberti & Lydia Cheung & Philip Vermeulen, 2022. "Evidence on the variation of idiosyncratic risk in house price appreciation," Working Papers 2022-05, Auckland University of Technology, Department of Economics.
    27. Westerhout, Ed & Meijdam, Lex & Ponds, Eduard & Bonenkamp, Jan, 2021. "Should we Revive PAYG? On the Optimal Pension System in View of Current Economic Trends," Discussion Paper 2021-013, Tilburg University, Center for Economic Research.
    28. Joseph Kopecky & Giacomo Mangiante, 2025. "Monetary Policy Goes Boomer: The Effect of Population Age Structure on Policy Transmission," Trinity Economics Papers tep1725, Trinity College Dublin, Department of Economics.
    29. Joseph Kopecky, 2021. "The Age for Austerity? Population Age Structure and Fiscal Multipliers," Trinity Economics Papers tep1621, Trinity College Dublin, Department of Economics.
    30. Christian Gollier & Frederick van der Ploeg & Jiakun Zheng, 2022. "The discounting premium puzzle: survey evidence from professional economists," Economics Series Working Papers 976, University of Oxford, Department of Economics.
    31. Simon Quemin & Raphael Trotignon, 2019. "Emissions trading with rolling horizons," Working Papers 1901, Chaire Economie du climat.
    32. Giacoletti, Marco & Parsons, Christopher A., 2022. "Peak-Bust rental spreads," Journal of Financial Economics, Elsevier, vol. 143(1), pages 504-526.
    33. Thilo N. H. Albers & Felix Kersting & Timo Stieglitz, 2023. "Industrialization, Returns, Inequality," Rationality and Competition Discussion Paper Series 462, CRC TRR 190 Rationality and Competition.
    34. Vipul Bhatt & N. Kundan Kishor, 2025. "(A)Synchronous Housing Markets of Global Cities," The Journal of Real Estate Finance and Economics, Springer, vol. 71(2), pages 178-208, August.
    35. Schünemann, Johannes & Strulik, Holger & Trimborn, Timo, 2024. "Anticipation of Future Consumption, Excessive Savings, and Long-Run Growth," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302398, Verein für Socialpolitik / German Economic Association.
    36. Iacono, Roberto & Palagi, Elisa, 2020. "Still the lands of equality? On the heterogeneity of individual factor income shares in the Nordics," GLO Discussion Paper Series 677, Global Labor Organization (GLO).
    37. Johannes Schünemann & Holger Strulik & Timo Trimborn, 2020. "Anticipation of Deteriorating Health and Information Avoidance," Economics Working Papers 2020-14, Department of Economics and Business Economics, Aarhus University.
    38. Gaetano Bloise & Yiannis Vailakis, 2022. "On sovereign default with time-varying interest rates," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 211-224, April.
    39. Lorenzo Pozzi & Barbara Sadaba, 2021. "Macroeconomic disasters and consumption smoothing," Tinbergen Institute Discussion Papers 21-030/VI, Tinbergen Institute.
    40. Boer, Lukas & Pescatori, Andrea & Stuermer, Martin, 2021. "Energy Transition Metals," MPRA Paper 110364, University Library of Munich, Germany.
    41. Gilbert Cette & Aurélien Devillard & Vincenzo Spiezia, 2020. "Growth factors in developed countries: A 1960-2019 growth accounting decomposition," Working papers 783, Banque de France.
    42. Joseph Kopecky, 2021. "Okay Boomer... Excess Money Growth, Inflation, and Population Aging," Trinity Economics Papers tep0721, Trinity College Dublin, Department of Economics, revised Oct 2021.
    43. James Broughel & Andrew Baxter, 2022. "A Mortality Risk Analysis for OSHA’s COVID-19 Emergency Regulations," JRFM, MDPI, vol. 15(10), pages 1-21, October.
    44. Christian Bayer & Benjamin Born & Ralph Luetticke, 2021. "The Liquidity Channel of Fiscal Policy," ifo Working Paper Series 351, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    45. Monnet, Eric & Degorce, Victor, 2020. "The Great Depression as a Saving Glut," CEPR Discussion Papers 15287, C.E.P.R. Discussion Papers.
    46. Dal Borgo, Mariela, 2021. "Do bankruptcy protection levels affect households' demand for stocks?," CAGE Online Working Paper Series 564, Competitive Advantage in the Global Economy (CAGE).
    47. Knetsch, Thomas A., 2020. "Compilation of commercial property price indices for Germany tailored for policy use," Discussion Papers 25/2020, Deutsche Bundesbank.
    48. Brand, Claus & Bielecki, Marcin & Penalver, Adrian, 2018. "The natural rate of interest: estimates, drivers, and challenges to monetary policy JEL Classification: E52, E43," Occasional Paper Series 217, European Central Bank.
    49. Gabriele Fiorentini & Alessandro Galesi & Gabriel Pérez-Quirós & Enrique Sentana, 2018. "The Rise and Fall of the Natural Interest Rate," Working Papers wp2018_1805, CEMFI.
    50. Ella Getz Wold & Knut Are Aastveit & Eirik Eylands Brandsaas & Ragnar Enger Juelsrud & Gisle James Natvik, 2024. "The housing channel of intergenerational wealth persistence," Working Papers 06/2024, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    51. Paolo Mauro & Jing Zhou, 2021. "$$r-g," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(1), pages 197-229, March.
    52. Simon Quemin & Raphael Trotignon, 2018. "Competitive Permit Storage and Market Design: An Application to the EU-ETS," Working Papers 2018.19, FAERE - French Association of Environmental and Resource Economists.
    53. YiLi Chien & Wenxin Du & Hanno Lustig, 2025. "Japan’s Debt Puzzle: Sovereign Wealth Fund from Borrowed Money," Working Papers 2025-023, Federal Reserve Bank of St. Louis.
    54. Johannes Schuenemann & Holger Strulik & Timo Trimborn, 2020. "The Marriage Gap: Optimal Aging and Death in Partnerships," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 158-176, April.
    55. George Dotsis & Panagiotis Petris & Dimitris Psychoyios, 2025. "Assessing Housing Market Crashes over the Past 150 years," The Journal of Real Estate Finance and Economics, Springer, vol. 70(2), pages 359-377, February.
    56. Béatrice BOULU-RESHEF & Catherine BRUNEAU & Maxime NICOLAS & Thomas RENAULT, 2022. "An Experimental Analysis of Investor Sentiment," LEO Working Papers / DR LEO 2940, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    57. Blesse, Sebastian & Doerrenberg, Philipp & Rauch, Anna, 2019. "Higher taxes on less elastic goods? Evidence from German municipalities," Regional Science and Urban Economics, Elsevier, vol. 75(C), pages 165-186.
    58. Bloise, Gaetano & Vailakis, Yiannis, 2024. "Sovereign debt crises and low interest rates," Journal of International Economics, Elsevier, vol. 150(C).
    59. Dmitry Kuvshinov & Kaspar Zimmermann, 2018. "The Big Bang: Stock Market Capitalization in the Long Run," Working Papers 0136, European Historical Economics Society (EHES).
    60. Clemens M. Graf von Luckner & Josefin Meyer & Carmen M. Reinhart & Christoph Trebesch, 2025. "Sovereign Haircuts: 200 Years of Creditor Losses," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(1), pages 150-195, March.
    61. Clemens Fuest & Daniel Gros, 2019. "Government debt in times of low interest rates: the case of Europe," EconPol Policy Brief 16, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    62. Richard H. Clarida, 2019. "Monetary Policy, Price Stability, and Equilibrium Bond Yields: Success and Consequences : a speech at the High-Level Conference on Global Risk, Uncertainty, And Volatility, co-sponsored by the Bank fo," Speech 1102, Board of Governors of the Federal Reserve System (U.S.).
    63. Laura Hueber & Rene Schwaiger, 2021. "Debiasing Through Experience Sampling: The Case of Myopic Loss Aversion," Working Papers 2021-01, Faculty of Economics and Statistics, Universität Innsbruck.
    64. Guillaume Bazot & David Guerreiro, 2025. "A decomposition of the labor share decline in the US business sector," AMSE Working Papers 2503, Aix-Marseille School of Economics, France.
    65. Mika Vaihekoski, 2024. "Revisiting Stock Market Index for the Helsinki Stock Exchange 1912–1981," JRFM, MDPI, vol. 17(3), pages 1-14, February.
    66. Joseph Kopecky Author-1-Name-First: Joseph Author-1-Name-Last: Kopecky, 2023. "Population age structure and secular stagnation: Evidence from long run data," Trinity Economics Papers tep0526, Trinity College Dublin, Department of Economics.
    67. Bartels, Charlotte & Sierminska, Eva & Schröder, Carsten, 2024. "Wealth Creators or Inheritors? Unpacking the Gender Wealth Gap from Bottom to Top and Young to Old," IZA Discussion Papers 17324, Institute of Labor Economics (IZA).
    68. Thomas F. Crossley & Peter Levell & Hamish Low, 2024. "House price rises and borrowing to invest," IFS Working Papers W24/09, Institute for Fiscal Studies.
    69. Loukas Karabarbounis & Brent Neiman, 2018. "Accounting for Factorless Income," NBER Working Papers 24404, National Bureau of Economic Research, Inc.
    70. Minsu Chang, 2024. "Changing Marital Transitions and Homeownership Among Young Households," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 52, pages 46-63, April.
    71. Ter Steege, Lucas & Vogel, Edgar, 2021. "German residential real estate valuation under NGFS climate scenarios," Technical Papers 09/2021, Deutsche Bundesbank.
    72. Breunig, Christoph & Grabova, Iuliia & Haan, Peter & Weinhardt, Felix & Weizsäcker, Georg, 2021. "Long-run expectations of households," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 31, pages 1-1.
    73. Vaihekoski, Mika, 2022. "Helsinki Stock Exchange: trading and listed securities, 1912–1981," Financial History Review, Cambridge University Press, vol. 29(3), pages 326-341, December.
    74. Conchita D'Ambrosio & Giorgia Menta & Edward N. Wolff, 2019. "Income and Wealth Volatility: Evidence from Italy and the U.S. in the Past Two Decades," NBER Working Papers 26527, National Bureau of Economic Research, Inc.
    75. Bhatt, Vipul & Kishor, N. Kundan, 2021. "(A)Synchronous Housing Markets of Global Cities," MPRA Paper 107175, University Library of Munich, Germany.
    76. Lorenzo Pozzi & Barbara Sadaba, 2023. "Macroeconomic Disasters and Consumption Smoothing: International Evidence from Historical Data," Staff Working Papers 23-4, Bank of Canada.
    77. Mehdi el Herradi & Jakob de Haan & Aurélien Leroy, 2020. "Inflation and the Income Share of the Rich: Evidence for 12 OECD Countries," CESifo Working Paper Series 8203, CESifo.
    78. Ahn, Seryoong & Ryu, Doojin, 2024. "Optimal chonsei to monthly rent conversion choice given borrowing constraints," The Quarterly Review of Economics and Finance, Elsevier, vol. 93(C), pages 28-42.
    79. Marcin Bielecki & Michał Brzoza-Brzezina & Marcin Kolasa, 2020. "Demographics and the natural interest rate in the euro area," Working Papers 2020-24, Faculty of Economic Sciences, University of Warsaw.
    80. Masud Alam, 2024. "Volatility in U.S. Housing Sector and the REIT Equity Return," The Journal of Real Estate Finance and Economics, Springer, vol. 69(3), pages 505-544, October.
    81. Jacopo Bonchi & Francesco Simone Lucidi, 2020. "How Low Interest Rates Discern the Bubbles Nature: Leveraged vs Unleveraged Bubble," Working Papers 12/20, Sapienza University of Rome, DISS.
    82. Franziska Hünnekes & Maximilian Konradt & Moritz Schularick & Christoph Trebesch & Julian Wingenbach, 2025. "Exportweltmeister: Germany’s Foreign Investment Returns in International Comparison," Post-Print hal-05448425, HAL.
    83. Battisti, Fabrizio & Acampa, Giovanna & Grasso, Mariolina, 2025. "Integrating the Capital Asset Pricing Model with the Analytic Hierarchy Process and the Delphi Method: a proposed method for estimating the discount rate in constrained real estate development initiatives," Aestimum, Italian Association of Appraisers and Land Economists, vol. 85.
    84. Franziska Hunnekes & Maximilian Konradt & Moritz Schularick & Christoph Trebesch & Julian Wingenbach, 2023. "Exportweltmeister- Germany's Foreign Investment Returns in International Comparison," IHEID Working Papers 03-2023, Economics Section, The Graduate Institute of International Studies.
    85. Quemin, Simon, 2022. "Raising climate ambition in emissions trading systems: The case of the EU ETS and the 2021 review," Resource and Energy Economics, Elsevier, vol. 68(C).
    86. Been, Jim & van Ewijk, Casper & Knoef, Marike & Mehlkopf, Roel & Muns, Sander, 2024. "Households’ heterogeneous welfare effects of using home equity for life cycle consumption," The Journal of the Economics of Ageing, Elsevier, vol. 27(C).
    87. Christian Keuschnigg & Julian Johs & Jacob Stevens, 2021. "Consolidating the Covid Debt," CESifo Working Paper Series 9497, CESifo.
    88. Volker Grossmann & Benjamin Larin & Hans Torben Löfflad & Thomas Steger, 2019. "Distributional effects of surging housing costs under Schwabe's Law," CESifo Working Paper Series 7684, CESifo.
    89. Luis Lopez & Nitzan Tzur-Ilan, 2025. "Air Pollution and Rent Prices: Evidence from Wildfire Smoke Plumes," Working Papers 2502, Federal Reserve Bank of Dallas.
    90. Samuel Forbes & Stefan Grosskinsky, 2021. "A Study of UK Household Wealth through Empirical Analysis and a Non-linear Kesten Process," Papers 2107.02169, arXiv.org.
    91. Giacomo Gabbuti, 2018. "Labour Shares and Income Inequality: Insights from Italian Economic History, 1895-2015," HHB Working Papers Series 13, The Historical Household Budgets Project.
    92. Volker Grossmann & Johannes Schünemann & Holger Strulik, 2021. "Fair Pension Policies with Occupation-Specific Aging," CESifo Working Paper Series 9180, CESifo.
    93. Lucas Herrenbrueck, Zijian Wang, 2023. "Interest Rates, Moneyness, and the Fisher Equation," Discussion Papers dp23-11, Department of Economics, Simon Fraser University.
    94. Stuart Lane & Frank Windmeijer, 2025. "Overidentification testing with weak instruments and heteroskedasticity," Papers 2509.21096, arXiv.org.
    95. Bjerksund Petter & Hopland Arnt Ove & Schjelderup Guttorm, 2024. "The Taxation of Norway’s Richest," Nordic Tax Journal, Sciendo, vol. 2024(s1), pages 72-82.
    96. Bartels, Charlotte & König, Johannes & Schröder, Carsten, 2021. "Born in the land of milk and honey: The impact of economic growth on individual wealth accumulation," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242398, Verein für Socialpolitik / German Economic Association.
    97. Basco, Sergi & Roses, Joan R., 2025. "Pandemics, capital allocation and structural change," LSE Research Online Documents on Economics 128853, London School of Economics and Political Science, LSE Library.
    98. Papetti, Andrea, 2021. "Demographics and the natural real interest Rate: historical and projected paths for the euro area," Journal of Economic Dynamics and Control, Elsevier, vol. 132(C).
    99. Gimet, Céline & Lagoarde-Segot, Thomas & Reyes-Ortiz, Luis, 2019. "Financialization and the macroeconomy. Theory and empirical evidence," Economic Modelling, Elsevier, vol. 81(C), pages 89-110.
    100. Beshkar, Mostafa & Shourideh, Ali, 2020. "Optimal trade policy with trade imbalances," Journal of Monetary Economics, Elsevier, vol. 109(C), pages 65-82.
    101. Dennis C. Hutschenreiter & Tommaso Santini & Eugenia Vella, 2021. "Automation and Sectoral Reallocation," DEOS Working Papers 2106, Athens University of Economics and Business.
    102. Vincenzo Cuciniello & Claudio Michelacci & Luigi Paciello, 2023. "Subsidizing business entry in competitive credit markets," Temi di discussione (Economic working papers) 1424, Bank of Italy, Economic Research and International Relations Area.
    103. Fehrle, Daniel & Heiberger, Christopher, 2024. "The return on everything and the business cycle in production economies," Economic Modelling, Elsevier, vol. 136(C).
    104. Olivier Accominotti & Thilo N. H. Albers & Kim Oosterlinck, 2023. "Selective Default Expectations," Rationality and Competition Discussion Paper Series 425, CRC TRR 190 Rationality and Competition.
    105. Pasch, Sandra & Dany-Knedlik, Geraldine, 2020. "On the cyclicity of the income distribution," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224654, Verein für Socialpolitik / German Economic Association.
    106. Anusha Chari & Jennifer S. Rhee, 2020. "The Return to Capital in Capital-Scarce Countries," NBER Working Papers 27675, National Bureau of Economic Research, Inc.
    107. Thilo N. H. Albers & Charlotte Bartels & Moritz Schularick, 2020. "The Distribution of Wealth in Germany, 1895-2018," ECONtribute Policy Brief Series 001, University of Bonn and University of Cologne, Germany.
    108. Mathias Klein & Roland Winkler, 2021. "The government spending multiplier at the zero lower bound: International evidence from historical data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(6), pages 744-759, September.
    109. Sergi Basco & Maximilian Schäfer-i-Paradís, 2025. "A model-free test of rational bubbles: an application to the US housing market," Economics and Business Letters, Oviedo University Press, vol. 14(2), pages 117-125.
    110. Strulik, Holger, 2021. "Hooked on weight control: An economic theory of anorexia nervosa, and its impact on health and longevity," University of Göttingen Working Papers in Economics 429, University of Goettingen, Department of Economics.
    111. Taylor, Alan M. & Jordà , Òscar, 2019. "Riders on the Storm," CEPR Discussion Papers 13978, C.E.P.R. Discussion Papers.
    112. Jérôme Creel & Mehdi El Herradi, 2020. "Income inequality and monetary policy in the Euro Area," Sciences Po Economics Publications (main) hal-03389183, HAL.
    113. Sergeyev, Dmitriy & Mehrotra, Neil, 2020. "Debt Sustainability in a Low Interest Rate World," CEPR Discussion Papers 15282, C.E.P.R. Discussion Papers.
    114. Mikhail Samonov & Nonna Sorokina, 2024. "A century of asset allocation crash risk," Journal of Asset Management, Palgrave Macmillan, vol. 25(4), pages 383-406, July.
    115. Charlotte Bartels & Johannes König & Carsten Schröder, 2025. "Born in the Land of Milk and Honey: Hometown Growth and Individual Wealth Accumulation," CESifo Working Paper Series 12024, CESifo.
    116. Sefa Awaworyi Churchill & Kris Ivanovski & Kwabena Mintah & Quanda Zhang, 2023. "The impact of financial development on house prices," The World Economy, Wiley Blackwell, vol. 46(10), pages 3154-3181, October.
    117. Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal tax changes with risky investment," Working Papers 2116, Banco de España.
    118. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2025. "Superstar Returns? Spatial Heterogeneity in Returns to Housing," Post-Print hal-05448313, HAL.
    119. Waitkus, Nora & Savage, Mike & Toft, Maren, 2024. "Wealth and class analysis: exploitation, closure and exclusion," LSE Research Online Documents on Economics 124635, London School of Economics and Political Science, LSE Library.
    120. Madsen, Jakob & Minniti, Antonio & Venturini, Francesco, 2024. "Declining research productivity and income inequality: A centenary perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    121. Bee Boileau & David Sturrock, 2023. "What drives the timing of inter-vivos transfers?," IFS Working Papers W23/09, Institute for Fiscal Studies.
    122. Lydia Cheung & Jaqueson K. Galimberti & Philip Vermeulen, 2023. "Evidence on the Determinants and Variation of Idiosyncratic Risk in Housing Markets," Working Papers in Economics 23/13, University of Canterbury, Department of Economics and Finance.
    123. Rehme, Günther, 2018. "On "rusting" money: Silvio Gesell's Schwundgeld reconsidered," Darmstadt Discussion Papers in Economics 233, Darmstadt University of Technology, Department of Law and Economics.
    124. Petar Peshev & Kristina Stefanova & Ivanina Mancheva, 2023. "Wealth Inequality Determinants in the EU Members from the CEE Region, 1995-2021," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 19-40.
    125. Thomas Hasenzagl & Luis Perez, 2023. "The Micro-Aggregated Profit Share," Papers 2309.12945, arXiv.org, revised Nov 2023.
    126. Murray, Cameron & Ryan-Collins, Josh, 2020. "When homes earn more than jobs: the rentierization of the Australian housing market," OSF Preprints 8f67h, Center for Open Science.
    127. Simon Quemin, 2020. "Using Supply-Side Policies to Raise Ambition: The Case of the EU ETS and the 2021 Review," Working Papers 2002, Chaire Economie du climat.
    128. Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal Tax Rates and Income in the Long Run: Evidence from a Structural Estimation," Economics Discussion Paper Series 2105, Economics, The University of Manchester, revised Jan 2022.
    129. Christian Keuschnigg & Michael Kogler & Johannes Matt, 2024. "Banks, Credit Reallocation, and Creative Destruction," Discussion Papers 2404, Centre for Macroeconomics (CFM).
    130. Gordon Getty & Nikita Tkachenko, 2024. "A separate way to measure rate of return," Papers 2404.13869, arXiv.org, revised Oct 2024.
    131. Christian Gollier, 2024. "Evaluating sustainability actions under uncertainty: the role of improbable extreme scenarios," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 49(1), pages 59-74, March.
    132. Capraro, Santiago & Panico, Carlo & Torres-Gonzalez, Luis Daniel, 2021. "The persistent and generalised decline in the U. S. interest rates: an alternative interpretation," MPRA Paper 110181, University Library of Munich, Germany.
    133. Gram, Dennis & Karapanagiotis, Pantelis & Krzyzanowski, Jan & Liebald, Marius & Walz, Uwe, 2021. "An extensible model for historical financial data with an application to German company and stock market data," SAFE Working Paper Series 300, Leibniz Institute for Financial Research SAFE.
    134. Abebe Hailemariam & Sefa Awaworyi Churchill & Russell Smyth & Kingsley Tetteh Baako, 2021. "Income inequality and housing prices in the very long‐run," Southern Economic Journal, John Wiley & Sons, vol. 88(1), pages 295-321, July.
    135. Olivier J. Blanchard, 2019. "Public Debt and Low Interest Rates," NBER Working Papers 25621, National Bureau of Economic Research, Inc.
    136. Yoshihara, Naoki & Veneziani, Roberto, 2023. "The general equilibrium effects of localised technological progress: A Classical approach," Journal of Mathematical Economics, Elsevier, vol. 109(C).
    137. Yuyuan Wen & Fangfang Li & Zhiqing Wang, 2025. "Land Resource Allocation and Green Economic Development: Threshold Effect on Local Government Functional Performance in China," Land, MDPI, vol. 14(3), pages 1-22, February.
    138. Dragone, Davide & Strulik, Holger, 2020. "Negligible senescence: An economic life cycle model for the future," Journal of Economic Behavior & Organization, Elsevier, vol. 171(C), pages 264-285.
    139. Camba-Méndez, Gonzalo, 2020. "On the inflation risks embedded in sovereign bond yields," Working Paper Series 2423, European Central Bank.
    140. Josef Schroth, 2023. "Should Banks Be Worried About Dividend Restrictions?," Staff Working Papers 23-49, Bank of Canada.

  17. Taylor, Alan M. & Jordà , Òscar & Schularick, Moritz & Ward, Felix, 2018. "Global financial cycles and risk premiums," CEPR Discussion Papers 12969, C.E.P.R. Discussion Papers.

    Cited by:

    1. Rodrigo da Silva Souza & Leonardo Bornacki Mattos, 2023. "Macroeconomic effects of oil price shocks on an emerging market economy," Economic Change and Restructuring, Springer, vol. 56(2), pages 803-824, April.
    2. An, Hui & Huang, Yang & Fan, Lifu & Wang, Hao & He, Xuan, 2025. "The impact of the global financial cycle on China's cross-border capital flows," China Economic Review, Elsevier, vol. 91(C).
    3. Zhang, Mi & Sensoy, Ahmet & Cheng, Feiyang & Zhao, Xuankai, 2022. "Three channels of monetary policy international transmission: Identifying spillover effects from the US to China," Research in International Business and Finance, Elsevier, vol. 61(C).
    4. Riccardo Degasperi & Fabrizio Venditti, 2024. "US monetary policy spillovers to the euro area," Questioni di Economia e Finanza (Occasional Papers) 891, Bank of Italy, Economic Research and International Relations Area.
    5. Potjagailo, Galina & Wolters, Maik H., 2019. "Global financial cycles since 1880," IMFS Working Paper Series 132, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    6. Jursa, Lukáš & Janků, Jan, 2025. "From the core to the European periphery: Spillover effects of financial cycles," Emerging Markets Review, Elsevier, vol. 68(C).
    7. Schularick, Moritz & ter Steege, Lucas & Ward, Felix, 2020. "Leaning against the wind and crisis risk," CEPR Discussion Papers 14797, C.E.P.R. Discussion Papers.
    8. Fraiberger, Samuel P. & Lee, Do & Puy, Damien & Ranciere, Romain, 2021. "Media sentiment and international asset prices," Journal of International Economics, Elsevier, vol. 133(C).
    9. Bekaert, Geert & Hoerova, Marie & Xu, Nancy R., 2023. "Risk, monetary policy and asset prices in a global world," Working Paper Series 2879, European Central Bank.
    10. Schüler, Yves S. & Hiebert, Paul P. & Peltonen, Tuomas A., 2020. "Financial cycles: Characterisation and real-time measurement," Journal of International Money and Finance, Elsevier, vol. 100(C).
    11. Javier G. Gómez-Pineda, 2017. "Volatility spillovers and the global financial cycle across economies: evidence from a global semi-structural model," Borradores de Economia 1011, Banco de la Republica de Colombia.
    12. Horn, Sebastian & Reinhart, Carmen M. & Trebesch, Christoph, 2020. "China’s Overseas Lending," Working Papers 11, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
    13. John Beirne & Nuobu Renzhi & Ulrich Volz, 2021. "When the United States and the People’s Republic of China Sneeze: International Real and Financial Spillovers in Asia," ADBI Working Papers 1288, Asian Development Bank Institute.
    14. Bora Durdu & Alex Martin & Ilknur Zer, 2019. "The Role of U.S. Monetary Policy in Global Banking Crises," Finance and Economics Discussion Series 2019-039, Board of Governors of the Federal Reserve System (U.S.).
    15. Miguel Sarmiento-Paipilla & Nathali Cardozo-Alvarado & Fredy Gamboa-Estrada & Javier Gómez-Pineda & Carlos León-Rincón & Javier Miguélez-Márquez & Jair Ojeda-Joya, 2023. "Ciclo financiero global, flujos de capital y respuestas de política," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 104, pages 1-55, March.
    16. Federico Esposito & Marcelo Bianconi & Marco Sammon, 2020. "Trade Policy Uncertainty and Stock Returns," Discussion Papers Series, Department of Economics, Tufts University 0834, Department of Economics, Tufts University.
    17. Danielsson, Jon & Valenzuela, Marcela & Zer, Ilknur, 2023. "The impact of risk cycles on business cycles: a historical view," LSE Research Online Documents on Economics 117384, London School of Economics and Political Science, LSE Library.
    18. J. Scott Davis & Eric Van Wincoop, 2023. "A Theory of Net Capital Flows over the Global Financial Cycle," Globalization Institute Working Papers 420, Federal Reserve Bank of Dallas.
    19. Bazot, Guillaume & Monnet, Eric & Morys, Matthias, 2019. "Taming the gobal financial cycle: Central banks and the sterilization of capital flows in the first era of globalization," IBF Paper Series 03-19, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    20. Lakdawala, Aeimit & Moreland, Timothy & Schaffer, Matthew, 2021. "The international spillover effects of US monetary policy uncertainty," Journal of International Economics, Elsevier, vol. 133(C).
    21. J. Scott Davis & Michael B. Devereux & Changhua Yu, 2020. "Sudden Stops in Emerging Economies: The Role of World Interest Rates and Foreign Exchange Intervention," Globalization Institute Working Papers 405, Federal Reserve Bank of Dallas, revised 10 Sep 2021.
    22. Rob Luginbuhl, 2020. "Estimation of the Financial Cycle with a Rank-Reduced Multivariate State-Space Model," CPB Discussion Paper 409, CPB Netherlands Bureau for Economic Policy Analysis.
    23. Cobham, David & Song, Mengdi, 2021. "Transitions between monetary policy frameworks and their effects on economic performance," Economic Modelling, Elsevier, vol. 95(C), pages 311-329.
    24. Beatrice Scheubel & Livio Stracca & Cédric Tille, 2025. "The global financial cycle and capital flows: Taking stock," Journal of Economic Surveys, Wiley Blackwell, vol. 39(3), pages 779-805, July.
    25. Rey, Hélène & Gourinchas, Pierre-Olivier & Sauzet, Maxime, 2019. "The International Monetary and Financial System," CEPR Discussion Papers 13714, C.E.P.R. Discussion Papers.
    26. Wang, Xichen & Liu, Qingya, 2023. "Can the global financial cycle explain the episodes of exuberance in international housing markets?," Finance Research Letters, Elsevier, vol. 52(C).
    27. Monnet, Eric & Puy, Damien, 2021. "One Ring to Rule Them All? New Evidence on World Cycles," CEPR Discussion Papers 15958, C.E.P.R. Discussion Papers.
    28. Probst, Julius, 2019. "Global real interest rate dynamics from the late 19th century to today," International Review of Economics & Finance, Elsevier, vol. 59(C), pages 522-547.
    29. Miranda-Agrippino, Silvia & Nenova, Tsvetelina, 2022. "A tale of two global monetary policies," Journal of International Economics, Elsevier, vol. 136(C).
    30. Cezar, Rafael & Monnet, Eric, 2023. "Capital controls and foreign reserves against external shocks: Combined or alone?," Journal of International Money and Finance, Elsevier, vol. 137(C).
    31. Li, Xiang & Su, Dan, 2022. "Surges and instability: The maturity shortening channel," Journal of International Economics, Elsevier, vol. 139(C).
    32. Flores Zendejas, Juan & Gaillard, Norbert, 2021. "The International Lender of Last Resort Between Scylla and Charybdis," Working Papers unige:152743, University of Geneva, Paul Bairoch Institute of Economic History.
    33. Alibey Kudar, 2021. "Interest rate as the last link of chain during crisis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 3189-3203, April.
    34. Zekeriya Yildirim & Mehmet Ivrendi, 2021. "Spillovers of US unconventional monetary policy: quantitative easing, spreads, and international financial markets," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-38, December.
    35. Linda S. Goldberg, 2024. "Global Liquidity: Drivers, Volatility and Toolkits," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 1-31, March.
    36. Hiro Ito & Phuong Tran, 2023. "Emerging Market Economies’ Challenge: Managing the Yield Curve in a Financially Globalized World," Open Economies Review, Springer, vol. 34(1), pages 171-194, February.
    37. Rivolta, Giulia & Trecroci, Carmine, 2020. "Measuring the effects of U.S. uncertainty and monetary conditions on EMEs' macroeconomic dynamics," MPRA Paper 99403, University Library of Munich, Germany.
    38. Beau Soederhuizen & Rutger Teulings & Rob Luginbuhl, 2023. "Estimating the impact of the financial cycle on fiscal policy," Empirical Economics, Springer, vol. 65(6), pages 2669-2709, December.
    39. De Simone, Francisco Nadal, 2024. "The transmission of U.S. monetary policy to small open economies," Journal of International Money and Finance, Elsevier, vol. 142(C).
    40. Amat Adarov, 2022. "Financial cycles around the world," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3163-3201, July.
    41. Nina Boyarchenko & Giovanni Favara & Moritz Schularick, 2022. "Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges," Finance and Economics Discussion Series 2022-006, Board of Governors of the Federal Reserve System (U.S.).
    42. Akdi, Yilmaz & Varlik, Serdar & Berument, M. Hakan, 2020. "Duration of Global Financial Cycles," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 549(C).
    43. C. Bora Durdu & Alex Martin & Ilknur Zer, 2020. "The Role of US Monetary Policy in Banking Crises Across the World," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(1), pages 66-107, March.
    44. Pawel Dlotko & Simon Rudkin & Wanling Qiu, 2019. "Topologically Mapping the Macroeconomy," Papers 1911.10476, arXiv.org.
    45. Xin Tian & Jan Jacobs & Jakob de Haan, 2022. "Alternative Measures for the Global Financial Cycle: Do They Make a Difference?," CESifo Working Paper Series 9730, CESifo.
    46. Fang, Yi & Wang, Yanru & Yuan, Yan & Zhang, Moyan, 2024. "Urban air pollution and systemic risk of the real estate market in China," International Review of Economics & Finance, Elsevier, vol. 96(PB).
    47. Carrera, Jorge & Montes-Rojas, Gabriel & Toledo, Fernando, 2023. "Global financial cycle, commodity terms of trade and financial spreads in emerging markets and developing economies," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 179-190.
    48. Croitorov, Olga & Giovannini, Massimo & Hohberger, Stefan & Ratto, Marco & Vogel, Lukas, 2020. "Financial spillover and global risk in a multi-region model of the world economy," Journal of Economic Behavior & Organization, Elsevier, vol. 177(C), pages 185-218.
    49. Silvia Miranda-Agrippino & Tsvetelina Nenova & Helene Rey, 2020. "Global Footprints of Monetary Policy," Discussion Papers 2004, Centre for Macroeconomics (CFM).
    50. Yildirim, Zekeriya, 2022. "Global financial risk, the risk-taking channel, and monetary policy in emerging markets," Economic Modelling, Elsevier, vol. 116(C).
    51. Adarov, Amat, 2021. "Dynamic interactions between financial cycles, business cycles and macroeconomic imbalances: A panel VAR analysis," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 434-451.
    52. Pierre‐Richard Agénor & Timothy P. Jackson & Luiz A. Pereira da Silva, 2023. "Global banking, financial spillovers and macroprudential policy coordination," Economica, London School of Economics and Political Science, vol. 90(359), pages 1003-1040, July.
    53. Catherine Georgiou, 2025. "Puzzling behavioral mechanisms under extreme market conditions: A bibliometric and systematic literature review," Bulletin of Applied Economics, Risk Market Journals, vol. 12(2), pages 209-229.
    54. Agnello, Luca & Castro, Vítor & Sousa, Ricardo M., 2022. "On the international co-movement of natural interest rates," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    55. J. Scott Davis & Eric Van Wincoop, 2021. "A Theory of Gross and Net Capital Flows over the Global Financial Cycle," Globalization Institute Working Papers 410, Federal Reserve Bank of Dallas, revised 20 Dec 2022.
    56. Uwe Vollmer, 2022. "Monetary policy or macroprudential policies: What can tame the cycles?," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1510-1538, December.
    57. Kollar, Miroslav & Schmieder, Christian, 2019. "Macro-based asset allocation: An empirical analysis," EIB Working Papers 2019/11, European Investment Bank (EIB).
    58. Madsen, Jakob & Minniti, Antonio & Venturini, Francesco, 2024. "Declining research productivity and income inequality: A centenary perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    59. Michael Curran & Adnan Velic, 2018. "The CAPM, National Stock Market Betas, and Macroeconomic Covariates: A Global Analysis," Trinity Economics Papers tep0618, Trinity College Dublin, Department of Economics.
    60. Choi, Sun-Yong, 2022. "Credit risk interdependence in global financial markets: Evidence from three regions using multiple and partial wavelet approaches," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
    61. Bouvatier, Vincent & Delatte, Anne-Laure & Rehault, Pierre-Nicolas, 2022. "Measuring credit procyclicality: A new database," Emerging Markets Review, Elsevier, vol. 52(C).
    62. Monnet, Eric & bazot, guillaume & Morys, Matthias, 2019. "Taming the Global Financial Cycle: Central Banks and the Sterilization of Capital Flows in the First Era of Globalization (1891," CEPR Discussion Papers 13895, C.E.P.R. Discussion Papers.
    63. Amat Adarov, 2023. "Financial cycles in Europe: dynamics, synchronicity and implications for business cycles and macroeconomic imbalances," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 50(2), pages 551-583, May.
    64. Ren, Yi-Shuai & Klein, Tony & Jiang, Yong, 2024. "Monetary policy uncertainty and green investment decisions: A cross-national spillover perspective," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    65. Goczek, Łukasz & Witkowski, Bartosz, 2023. "Spillover effects of the unconventional monetary policy of the European Central Bank," The Quarterly Review of Economics and Finance, Elsevier, vol. 89(C), pages 82-104.
    66. Arif Widodo, 2020. "Measuring Cyclical Behavior of Islamic and Conventional Financing: Evidence from Indonesian Dual Banking System قياس سلوك التمويل الإسلامي والتمويل التقليدي: دليل من النظام المصرفي الإندونيسي المزدوج," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 33(2), pages 173-192, July.
    67. Loipersberger, Florian & Matschke, Johannes, 2022. "Financial cycles and domestic policy choices," European Economic Review, Elsevier, vol. 143(C).
    68. Yu, Zhen & Liu, Wei & Yang, Fuyu, 2023. "A central bankers’ sentiment index of global financial cycle," Finance Research Letters, Elsevier, vol. 57(C).
    69. Anagnostopoulos, Alexios & Atesagaoglu, Orhan Erem & Faraglia, Elisa & Giannitsarou, Chryssi, 2022. "Cross country stock market comovement: A macro perspective," Journal of Monetary Economics, Elsevier, vol. 130(C), pages 34-48.
    70. John Beirne & Nuobu Renzhi & Ulrich Volz, 2023. "When the United States and the People’s Republic of China Sneeze: Monetary Policy Spillovers to Asian Economies," Open Economies Review, Springer, vol. 34(3), pages 519-540, July.
    71. Avdjiev, Stefan & Binder, Stephan & Sousa, Ricardo, 2021. "External debt composition and domestic credit cycles," Journal of International Money and Finance, Elsevier, vol. 115(C).
    72. Wang, Fan & Pan, Changchun & Wang, Weiqiang, 2023. "Impact of US monetary policy uncertainty on RMB exchange rate volatility:The role of international capital flows," Finance Research Letters, Elsevier, vol. 58(PC).

  18. Taylor, Alan M. & Schularick, Moritz & Jordà , Òscar, 2017. "The effects of quasi-random monetary experiments," CEPR Discussion Papers 11801, C.E.P.R. Discussion Papers.

    Cited by:

    1. McLaughlin, Darragh & McLaughlin, Eoin & Kenny, Seán, 2025. "Taking a punt: Monetary experimentation and the Irish macroeconomic crisis of 1955-56," Accountancy, Economics, and Finance Working Papers 2025-01, Heriot-Watt University, Department of Accountancy, Economics, and Finance.
    2. Fernández Romero, Daniel, 2025. "The fiscal multiplier in presence of unconventional monetary policy: Evidence for 17 OECD countries," Economic Modelling, Elsevier, vol. 147(C).
    3. Gabriel Jiménez & Dmitry Kuvshinov & José-Luis Peydró & Bjoern Richter, 2022. "Monetary policy, inflation, and crises: New evidence from history and administrative data," Economics Working Papers 1854, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    4. Andres Alonso-Robisco & Jose Carbo & Emily Kormanyos & Elena Triebskorn, 2025. "Houston, we have a problem: can satellite information bridge the climate-related data gap?," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Addressing climate change data needs: the central banks' contribution, volume 63, Bank for International Settlements.
    5. Asger Lau Andersen & Niels Johannesen & Mia Jørgensen & José-Luis Peydró, 2022. "Monetary Policy and Inequality," CEBI working paper series 22-09, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    6. Ekaterina Pirozhkova & Nicola Viegi, 2024. "The bank lending channel of monetary policy transmission in South Africa," Working Papers 11072, South African Reserve Bank.
    7. Gabriel, Ricardo Duque, 2023. "Monetary policy and the wage inflation-unemployment tradeoff," European Economic Review, Elsevier, vol. 159(C).
    8. Atsuki Hirata & Yusuke Takahashi & Naoya Kato, 2025. "Interest Rate Sensitivity of Capital Investment in Japan: An Analysis Using Panel LP-IV," Bank of Japan Working Paper Series 25-E-13, Bank of Japan.
    9. Christian Eufinger & Andrej Gill & Florian Hett, 2024. "Domestic financial conditions and MNCs’ global competitiveness: evidence from the Swiss franc shock," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 55(8), pages 1057-1068, October.
    10. Kerstin Bernoth, 2025. "Dovish Coos or Hawkish Screech? From Central Bank Talk to Economic Walk," Discussion Papers of DIW Berlin 2137, DIW Berlin, German Institute for Economic Research.
    11. Rafael Cezar & Eric Monnet, 2021. "Capital Controls and Foreign Reserves against External Shocks: Combined or Alone?," Working papers 849, Banque de France.
    12. Tafuro, Andrea, 2023. "Labour market rigidity and expansionary austerity," Journal of Macroeconomics, Elsevier, vol. 75(C).
    13. Paweł Kopiec, 2022. "A Theory of The Procyclical Effectiveness of Forward Guidance," KAE Working Papers 2022-081, Warsaw School of Economics, Collegium of Economic Analysis.
    14. Bekaert, Geert & Hoerova, Marie & Xu, Nancy R., 2023. "Risk, monetary policy and asset prices in a global world," Working Paper Series 2879, European Central Bank.
    15. Gonçalves, Sílvia & Herrera, Ana María & Kilian, Lutz & Pesavento, Elena, 2024. "State-dependent local projections," Journal of Econometrics, Elsevier, vol. 244(2).
    16. Juvenal, Luciana & Petrella, Ivan, 2024. "Unveiling the dance of commodity prices and the global financial cycle," Journal of International Economics, Elsevier, vol. 150(C).
    17. Sardar, Naafey & Sharma, Shahil, 2022. "Oil prices & stock returns: Modeling the asymmetric effects around the zero lower bound," Energy Economics, Elsevier, vol. 107(C).
    18. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, C.E.P.R. Discussion Papers.
    19. Gaetano Basso & Salvatore Lo Bello & Francesca Subioli, 2023. "Labor market dynamics and geographical reallocations," Temi di discussione (Economic working papers) 1430, Bank of Italy, Economic Research and International Relations Area.
    20. Hasan, Iftekhar & Kwak, Boreum & Li, Xiang, 2024. "Financial technologies and the effectiveness of monetary policy transmission," European Economic Review, Elsevier, vol. 161(C).
    21. Kwak, Kyongjun & Granados, Camilo, 2025. "Dissecting capital flows: Do capital controls shield against foreign shocks?," Journal of Financial Stability, Elsevier, vol. 79(C).
    22. Joseph Kopecky & Giacomo Mangiante, 2025. "Monetary Policy Goes Boomer: The Effect of Population Age Structure on Policy Transmission," Trinity Economics Papers tep1725, Trinity College Dublin, Department of Economics.
    23. Buch, Claudia M. & Eickmeier, Sandra & Prieto, Esteban, 2022. "Banking deregulation, macroeconomic dynamics and monetary policy," Journal of Financial Stability, Elsevier, vol. 63(C).
    24. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2021. "Monetary Policy, External Finance and Investment," Working Papers 92, Red Nacional de Investigadores en Economía (RedNIE).
    25. Hernández, Juan R. & Ventosa-Santaulària, Daniel & Valencia, J. Eduardo, 2024. "Global supply chain inflationary pressures and monetary policy in Mexico," Emerging Markets Review, Elsevier, vol. 58(C).
    26. Sheng, Xin & Marfatia, Hardik A. & Gupta, Rangan & Ji, Qiang, 2021. "House price synchronization across the US states: The role of structural oil shocks," The North American Journal of Economics and Finance, Elsevier, vol. 56(C).
    27. Mehdi El Herradi & Aurélien Leroy, 2020. "Monetary policy and the top one percent: Evidence from a century of modern economic history," AMSE Working Papers 2047, Aix-Marseille School of Economics, France.
    28. Mitchener, Kris James & Pina, Gonçalo, 2023. "The effects of countercyclical interest rates: Evidence from the classical gold standard," Journal of International Economics, Elsevier, vol. 145(C).
    29. Hites Ahir & Nicholas Bloom & Davide Furceri, 2022. "The world uncertainty index," POID Working Papers 031, Centre for Economic Performance, LSE.
    30. Sangyup Choi & Tim Willems & Seung Yong Yoo, 2023. "Revisiting the Monetary Transmission Mechanism through an Industry-Level Differential Approach," Working papers 2023rwp-215, Yonsei University, Yonsei Economics Research Institute.
    31. Xin Sheng & Rangan Gupta & Oguzhan Cepni, 2022. "Persistence of State-Level Uncertainty of the United States: The Role of Climate Risks," Working Papers 202208, University of Pretoria, Department of Economics.
    32. Immaculate Machasio & Peter Tillmann, 2023. "Remittance flows and US monetary policy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(3), pages 545-561, August.
    33. Holm-Hadulla, Fédéric & Pool, Sebastiaan, 2025. "Interest rate control and the transmission of monetary policy," Working Paper Series 3048, European Central Bank.
    34. Ruben Tarne & Dirk Bezemer, 2023. "ousing affordability in a monetary economy: an agent-based model of the Dutch housing market," IMK Working Paper 222-2023, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    35. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2018. "Monetary Policy, Corporate Finance and Investment," NBER Working Papers 25366, National Bureau of Economic Research, Inc.
    36. Tang, Huoqing & Zhang, Chengsi & Zhou, Hong, 2022. "Monetary policy surprises and investment of non-listed real sector firms in China," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 631-642.
    37. Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The macroeconomic effects of macroprudential policy," BIS Working Papers 740, Bank for International Settlements.
    38. Greg Howard & Jack Liebersohn, 2023. "Regional Divergence and House Prices," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 312-350, July.
    39. Joseph Kopecky, 2021. "Okay Boomer... Excess Money Growth, Inflation, and Population Aging," Trinity Economics Papers tep0721, Trinity College Dublin, Department of Economics, revised Oct 2021.
    40. Juvenal, Luciana & Petrella, Ivan, 2024. "Reprint of “Unveiling the dance of commodity prices and the global financial cycle”," Journal of International Economics, Elsevier, vol. 149(C).
    41. Adam Brzezinski & Yao Chen & Nuno Palma & Felix Ward, 2019. "The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire," Economics Discussion Paper Series 1906, Economics, The University of Manchester, revised May 2022.
    42. Chen, Hongyi & Tillmann, Peter, 2023. "Lockdown spillovers," Journal of International Money and Finance, Elsevier, vol. 137(C).
    43. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    44. Gupta, Rangan & Sheng, Xin & van Eyden, Reneé & Wohar, Mark E., 2021. "The impact of disaggregated oil shocks on state-level real housing returns of the United States: The role of oil dependence," Finance Research Letters, Elsevier, vol. 43(C).
    45. Yener Coskun & Nicholas Apergis & Esra Alp Coskun, 2022. "Nonlinear responses of consumption to wealth, income, and interest rate shocks," Empirical Economics, Springer, vol. 63(3), pages 1293-1335, September.
    46. Esra Alp Coşkun & Hakan Kahyaoglu & Chi Keung Marco Lau, 2023. "Which return regime induces overconfidence behavior? Artificial intelligence and a nonlinear approach," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-34, December.
    47. Adam Brzezinski & Nuno Palma & Francois R. Velde, 2024. "Understanding Money Using Historical Evidence," Working Paper Series WP 2024-10, Federal Reserve Bank of Chicago.
    48. Wang, Jian & Wu, Jason, 2021. "Is capital flow management effective? Evidence based on U.S. monetary policy shocks," Journal of International Money and Finance, Elsevier, vol. 118(C).
    49. Ambrocio, Gene, 2023. "Demographic aging and the New Keynesian Phillips Curve," Bank of Finland Research Discussion Papers 16/2023, Bank of Finland.
    50. Maghyereh, Aktham & Abdoh, Hussein, 2021. "The effect of structural oil shocks on bank systemic risk in the GCC countries," Energy Economics, Elsevier, vol. 103(C).
    51. Tim Willems, 2018. "What Do Monetary Contractions Do? Evidence From Large, Unanticipated Tightenings," IMF Working Papers 2018/211, International Monetary Fund.
    52. Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2018. "Global Financial Cycles and Risk Premiums," Working Paper Series 2018-5, Federal Reserve Bank of San Francisco.
    53. Sheng, Xin & Marfatia, Hardik A. & Gupta, Rangan & Ji, Qiang, 2023. "The non-linear response of US state-level tradable and non-tradable inflation to oil shocks: The role of oil-dependence," Research in International Business and Finance, Elsevier, vol. 64(C).
    54. Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2024. "Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option," Working papers 2024rwp-228, Yonsei University, Yonsei Economics Research Institute.
    55. Nina Boyarchenko & Giovanni Favara & Moritz Schularick, 2022. "Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges," Finance and Economics Discussion Series 2022-006, Board of Governors of the Federal Reserve System (U.S.).
    56. Kloosterman, Roben & Bonam, Dennis & van der Veer, Koen, 2024. "The effects of monetary policy across fiscal regimes," Journal of Macroeconomics, Elsevier, vol. 81(C).
    57. Ortmans, Aymeric & Tripier, Fabien, 2021. "COVID-induced sovereign risk in the euro area: When did the ECB stop the spread?," European Economic Review, Elsevier, vol. 137(C).
    58. Jorge M. Uribe & Oscar Valencia, 2024. "Taking the Pulse of Fiscal Distress: Inflation, Depreciation, and Crises," IREA Working Papers 202416, University of Barcelona, Research Institute of Applied Economics, revised Dec 2024.
    59. Xin Sheng & Rangan Gupta & Wenting Liao & Oguzhan Cepni, 2024. "The Effects of Uncertainty on Economic Conditions across US States: The Role of Climate Risks," Working Papers 202410, University of Pretoria, Department of Economics.
    60. Ahmed, Rashad, 2021. "Monetary policy spillovers under intermediate exchange rate regimes," Journal of International Money and Finance, Elsevier, vol. 112(C).
    61. Otilia Boldea & Alastair R. Hall, 2025. "Testing for multiple change-points in macroeconometrics: an empirical guide and recent developments," Papers 2507.22204, arXiv.org.
    62. Ferrero, Andrea & Habib, Maurizio Michael & Stracca, Livio & Venditti, Fabrizio, 2022. "Leaning against the global financial cycle," Working Paper Series 2763, European Central Bank.
    63. Roben Kloosterman & Dennis Bonam & Koen van der Veer, 2022. "The effects of monetary policy across fiscal regimes," Working Papers 755, DNB.
    64. Apergis, Nicholas, 2021. "The role of housing market in the effectiveness of monetary policy over the Covid-19 era," Economics Letters, Elsevier, vol. 200(C).
    65. Schularick, Moritz & Richter, Björn & Shim, Ilhyock, 2018. "The Costs of Macroprudential Policy," CEPR Discussion Papers 13124, C.E.P.R. Discussion Papers.
    66. Bertille Antoine & Otilia Boldea & Niccolo Zaccaria, 2024. "Efficient two-sample instrumental variable estimators with change points and near-weak identification," Papers 2406.17056, arXiv.org.
    67. Elisabetta Cappa & Francesco Lamperti & Gianluca Pallante, 2024. "Creating Jobs Out of the Green: The Employment Effects of the Energy Transition," LEM Papers Series 2024/21, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    68. Adra, Samer & Menassa, Elie, 2021. "Monetary policy and information production in the secondary market," Economics Letters, Elsevier, vol. 207(C).
    69. Òscar Jordà & Fernanda Nechio, 2019. "Inflation Globally," Working Papers Central Bank of Chile 850, Central Bank of Chile.
    70. Tim Willems, 2020. "What Do Monetary Contractions Do? Evidence From Large Tightenings," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 41-58, October.
    71. Rodrigo Guimaraes & Gabor Pinter & Jean-Charles Wijnandts, 2023. "The liquidity state-dependence of monetary policy transmission," Bank of England working papers 1045, Bank of England.
    72. Nandnaba, Sarah & Hailemariam, Abebe & Gupta, Rangan & Sheng, Xin, 2025. "Oil consumption and growth: Is there a threshold effect of greenhouse gases emissions," Innovation and Green Development, Elsevier, vol. 4(3).
    73. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    74. James Cloyne & Òscar Jordà & Alan M. Taylor, 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," Working Paper Series 2023-05, Federal Reserve Bank of San Francisco.
    75. John Kandrac, 2021. "Can the Federal Reserve Effectively Target Main Street? Evidence from the 1970s Recession," Finance and Economics Discussion Series 2021-061, Board of Governors of the Federal Reserve System (U.S.).
    76. Antoine Levy & Mr. Luca A Ricci & Alejandro M. Werner, 2020. "The Sources of Fiscal Fluctuations," IMF Working Papers 2020/220, International Monetary Fund.
    77. List, Sophia & Metiu, Norbert, 2025. "Monetary policy, central bank information, and bank lending: Evidence from German banks," Discussion Papers 06/2025, Deutsche Bundesbank.
    78. Altavilla, Carlo & Laeven, Luc & Peydró, José-Luis, 2020. "Monetary and Macroprudential Policy Complementarities: evidence from European credit registers," CEPR Discussion Papers 15539, C.E.P.R. Discussion Papers.
    79. El Herradi, Mehdi & Leroy, Aurélien, 2020. "Do rising top incomes fuel credit expansion?," Economics Letters, Elsevier, vol. 196(C).
    80. Martin Harding & Mathias Klein, 2022. "Monetary policy and household net worth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 125-151, April.
    81. Junli Cheng & Feng Lin, 2022. "The Dynamic Effects of Urban–Rural Income Inequality on Sustainable Economic Growth under Urbanization and Monetary Policy in China," Sustainability, MDPI, vol. 14(11), pages 1-23, June.
    82. Lu, Dong & Tang, Huoqing & Zhang, Chengsi, 2023. "China's monetary policy surprises and corporate real investment," China Economic Review, Elsevier, vol. 77(C).
    83. Atems, Bebonchu & Sardar, Naafey, 2021. "Exploring asymmetries in the effects of El Niño-Southern Oscillation on U.S. food and agricultural stock prices," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 1-14.
    84. Albertazzi, Ugo & Hooft, James ’t & Ter Steege, Lucas, 2025. "The causal effect of inflation on financial stability, evidence from history," Working Paper Series 3108, European Central Bank.
    85. Andrea Tafuro, 2024. "Lagging behind: the hysteresis of austerity," Empirical Economics, Springer, vol. 66(1), pages 327-368, January.
    86. Alam, M. Jahangir & Alvi, Eskander, 2024. "The long-run effects of monetary policy: The role of R&D investment in economic growth," Economic Modelling, Elsevier, vol. 137(C).
    87. Hauptmeier, Sebastian & Holm-Hadulla, Fédéric & Renault, Théodore, 2022. "Risk sharing and monetary policy transmission," Working Paper Series 2746, European Central Bank.
    88. Lucidi, Francesco Simone & Semmler, Willi, 2022. "Supervisory shocks to banks' credit standards and their macroeconomic impact," Journal of Financial Stability, Elsevier, vol. 58(C).
    89. Bonsoo Koo & Seojeong Lee & Myung Hwan Seo & Masaya Takano, 2022. "What Impulse Response Do Instrumental Variables Identify?," Papers 2208.11828, arXiv.org, revised Jan 2026.
    90. Juan R. Hernández & Mateo Hoyos & Daniel Ventosa-Santaulària, 2024. "Monetary Policy in Emerging Markets under Global Uncertainty," Working Papers DTE 634, CIDE, División de Economía.
    91. Lee, Sukjoon, 2020. "Liquidity Premium, Credit Costs, and Optimal Monetary Policy," MPRA Paper 104825, University Library of Munich, Germany.
    92. Ahmed, Rashad & Borio, Claudio & Disyatat, Piti & Hofmann, Boris, 2024. "Losing traction? The real effects of monetary policy when interest rates are low," Journal of International Money and Finance, Elsevier, vol. 141(C).
    93. Tianyu Fan, 2025. "The Geopolitical Determinants of Economic Growth, 1960-2024," Papers 2507.04833, arXiv.org, revised Nov 2025.
    94. Altavilla, Carlo & Rostagno, Massimo & Schumacher, Julian, 2025. "When banks hold back: credit and liquidity provision," Working Paper Series 3009, European Central Bank.
    95. Nana, Ibrahim & Tabe-Ojong, Martin Paul, 2023. "Evolution of Global Value Chains Participation and Economic Growth in Africa," Sustainable Global Supply Chains Discussion Papers 5, Research Network Sustainable Global Supply Chains.
    96. Adra, Samer & Barbopoulos, Leonidas G., 2022. "Monetary shocks and the analyst coverage of the firm," Economics Letters, Elsevier, vol. 218(C).
    97. Mishel Ghassibe, 2024. "Endogenous Production Networks and Non-Linear Monetary Transmission," Working Papers 1449, Barcelona School of Economics.

  19. Taylor, Alan M. & Jordà , Òscar & Richter, Björn & Schularick, Moritz, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," CEPR Discussion Papers 11934, C.E.P.R. Discussion Papers.

    Cited by:

    1. Andreas Haufler & Christoph Lülfesmann, 2022. "Voluntary Equity, Project Risk, and Capital Requirements," CESifo Working Paper Series 9505, CESifo.
    2. Gabriel Jiménez & Dmitry Kuvshinov & José-Luis Peydró & Bjoern Richter, 2022. "Monetary policy, inflation, and crises: New evidence from history and administrative data," Economics Working Papers 1854, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    3. Moreira, Fernando, 2022. "Are we living in an illusion? A fresh look at the importance of bank capital in the quest for stability," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 76(C).
    4. Kuvshinov, Dmitry & Richter, Björn & Zimmermann, Kaspar, 2022. "The shifts and the shocks: bank risk, leverage, and the macroeconomy," Working Paper Series 2672, European Central Bank.
    5. Emmanuel C. Mamatzakis & Mike G. Tsionas, 2021. "A Bayesian panel stochastic volatility measure of financial stability," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5363-5384, October.
    6. Hartarska, Valentina & Nadolnyak, Denis & Chen, Rui, 2025. "Banking crises and the performance of microfinance institutions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 102(C).
    7. Tang, John P. & Basco, Sergi, 2023. "Banks, credit supply, and the life cycle of firms: Evidence from late nineteenth century Japan," Journal of Banking & Finance, Elsevier, vol. 154(C).
    8. André F. Silva, 2019. "Strategic Liquidity Mismatch and Financial Sector Stability," Finance and Economics Discussion Series 2019-082, Board of Governors of the Federal Reserve System (U.S.).
    9. Rubio, Margarita & Yao, Fang, 2020. "Bank capital, financial stability and Basel regulation in a low interest-rate environment," International Review of Economics & Finance, Elsevier, vol. 67(C), pages 378-392.
    10. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    11. Douglas Kiarelly Godoy de Araujo, 2023. "gingado: a machine learning library focused on economics and finance," BIS Working Papers 1122, Bank for International Settlements.
    12. Falk Bräuning & Viacheslav Sheremirov, 2023. "The Historical Effects of Banking Distress on Economic Activity," Current Policy Perspectives 96216, Federal Reserve Bank of Boston.
    13. Simon Baumgartner & Alex Stomper & Thomas Schober & Rudolf Winter-Ebmer, 2023. "Banking on Snow: Bank Capital, Risk, and Employment," Working Papers 2023-02, Auckland University of Technology, Department of Economics.
    14. Raphaël Cardot-Martin & Fabien Labondance & Catherine Refait-Alexandre, 2021. "Capital ratios and banking crises in the European Union," Working Papers 2021-05, CRESE.
    15. Cutura, Jannic Alexander, 2021. "Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?," Journal of Financial Stability, Elsevier, vol. 54(C).
    16. Petr Jakubik & Bogdan Gabriel Moinescu, 2023. "What is the optimal capital ratio implying a stable European banking system?," International Finance, Wiley Blackwell, vol. 26(3), pages 324-343, December.
    17. Fixler, Dennis & Zieschang, Kim, 2019. "Producing liquidity," Journal of Financial Stability, Elsevier, vol. 42(C), pages 115-135.
    18. Serena Merrino & Ilias Chondrogiannis, 2024. "Did Basel III reduce bank spillovers in South Africa," Working Papers 11060, South African Reserve Bank.
    19. Josef Schroth, 2021. "On the Distributional Effects of Bank Bailouts," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 40, pages 252-277, April.
    20. Lu'is A. V. Cat~ao & Jan Ditzen & Daniel Marcel te Kaat, 2023. "Global Factors in Non-core Bank Funding and Exchange Rate Flexibility," Papers 2310.11552, arXiv.org, revised Apr 2025.
    21. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2019. "Sovereigns going bust: Estimating the cost of default," European Economic Review, Elsevier, vol. 119(C), pages 1-21.
    22. Martin Goetz & Luc Laeven & Ross Levine, 2020. "Do Bank Insiders Impede Equity Issuances?," NBER Working Papers 27442, National Bureau of Economic Research, Inc.
    23. Agovino, Massimiliano & Bartoletto, Silvana & Garofalo, Antonio, 2022. "A long-term analysis of efficiency in the Italian banking system from 1861 to 2010," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 227-241.
    24. Andersen, Henrik & Juelsrud, Ragnar Enger, 2024. "Optimal capital adequacy ratios for banks," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 5(2).
    25. Walther, Ansgar, 2020. "Financial policy in an exuberant world," Working Paper Series 2380, European Central Bank.
    26. Ray Barrell & Karim Dilruba, 2020. "Bank capital: excess credit and crisis incidence," Post-Print hal-03606037, HAL.
    27. Barth, James R. & Miller, Stephen Matteo, 2018. "Benefits and costs of a higher bank “leverage ratio”," Journal of Financial Stability, Elsevier, vol. 38(C), pages 37-52.
    28. Grodecka-Messi, Anna & Zhang, Xin, 2023. "Private bank money vs central bank money: A historical lesson for CBDC introduction," Journal of Economic Dynamics and Control, Elsevier, vol. 154(C).
    29. Fernando Moreira, 2024. "Risk-taking in banks: does skin-in-the-game really matter?," Journal of Banking Regulation, Palgrave Macmillan, vol. 25(4), pages 404-424, December.
    30. Mr. Luis Brandão-Marques & Qianying Chen & Claudio Raddatz & Mr. Jerome Vandenbussche & Peichu Xie, 2019. "The Riskiness of Credit Allocation and Financial Stability," IMF Working Papers 2019/207, International Monetary Fund.
    31. Dmitry Kuvshinov & Kaspar Zimmermann, 2018. "The Big Bang: Stock Market Capitalization in the Long Run," Working Papers 0136, European Historical Economics Society (EHES).
    32. Quynh-Anh Vo, 2021. "Interactions of capital and liquidity requirements: a review of the literature," Bank of England working papers 916, Bank of England.
    33. Simona Malovaná & Martin Hodula & Josef Bajzík & Zuzana Gric, 2024. "Bank capital, lending, and regulation: A meta‐analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 38(3), pages 823-851, July.
    34. Alfred Duncan & Charles Nolan, 2017. "Financial Frictions in Macroeconomic Models," Studies in Economics 1719, School of Economics, University of Kent.
    35. Abeeb Olaniran & Xin Sheng & Oguzhan Cepni & Rangan Gupta, 2025. "Climate Shocks and Unemployment Claims," Working Papers 202536, University of Pretoria, Department of Economics.
    36. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016," Staff Reports 924, Federal Reserve Bank of New York.
    37. Carmassi, Jacopo & Dobkowitz, Sonja & Evrard, Johanne & Parisi, Laura & Silva, André & Wedow, Michael, 2018. "Completing the Banking Union with a European Deposit Insurance Scheme: who is afraid of cross-subsidisation?," Occasional Paper Series 208, European Central Bank.
    38. Piergiorgio Alessandri & Pierluigi Bologna & Maddalena Galardo, 2022. "Financial Crises, Macroprudential Policy and the Reliability of Credit-to-GDP Gaps," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 625-667, December.
    39. Sergi Basco & John P. Tang, 2021. "Banks, Credit Supply, and the Life Cycle of Firms: Theory and Evidence from Late Nineteenth Century Japan," CEH Discussion Papers 02, Centre for Economic History, Research School of Economics, Australian National University.
    40. Deryugina, Elena & Ponomarenko, Alexey & Rozhkova, Anna, 2020. "When are credit gap estimates reliable?," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 221-238.
    41. Soederhuizen, Beau & van Heuvelen, Gerrit Hugo & Luginbuhl, Rob & Stiphout-Kramer, Bert van, 2023. "Optimal capital ratios for banks in the euro area," Journal of Financial Stability, Elsevier, vol. 69(C).
    42. Ibrocevic, Edin & Thiemann, Matthias, 2018. "All economic ideas are equal, but some are more equal than others: A differentiated perspective on macroprudential ideas and their implementation," SAFE Working Paper Series 214, Leibniz Institute for Financial Research SAFE.
    43. Fernandez-Gallardo, Alvaro, 2023. "Preventing financial disasters: Macroprudential policy and financial crises," European Economic Review, Elsevier, vol. 151(C).
    44. Durand, Pierre & Le Quang, Gaëtan, 2022. "Banks to basics! Why banking regulation should focus on equity," European Journal of Operational Research, Elsevier, vol. 301(1), pages 349-372.
    45. Dávila, Eduardo & Walther, Ansgar, 2021. "Prudential policy with distorted beliefs," ESRB Working Paper Series 130, European Systemic Risk Board.
    46. Ambrocio, Gene & Hasan, Iftekhar & Jokivuolle, Esa & Ristolainen, Kim, 2020. "Are bank capital requirements optimally set? Evidence from researchers’ views," Journal of Financial Stability, Elsevier, vol. 50(C).
    47. Loizos, Konstantinos & Panagopoulos, Yannis, 2024. "Testing how banks generate credit in the USA under the Basel III framework," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    48. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    49. Paymon Khorrami & Fernando Mendo, 2021. "Rational Sentiments and Financial Frictions," Working Papers Central Bank of Chile 928, Central Bank of Chile.
    50. Martin Birn & Olivier de Bandt & Simon Firestone & Matías Gutiérrez Girault & Diana Hancock & Tord Krogh & Hitoshi Mio & Donald P. Morgan & Ajay Palvia & Valerio Scalone & Michael Straughan & Arzu Ulu, 2020. "The Costs and Benefits of Bank Capital—A Review of the Literature," JRFM, MDPI, vol. 13(4), pages 1-25, April.
    51. Claudia M. Buch & Benjamin Weigert, 2019. "Macroprudential policy in a currency union," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 155(1), pages 23-33, February.
    52. Wix, Carlo, 2017. "The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity," SAFE Working Paper Series 189, Leibniz Institute for Financial Research SAFE.
    53. Bartels, Bernhard & Eichengreen, Barry & Schumacher, Julian & Weder di Mauro, Beatrice, 2025. "Central bank independence and risk-taking at the zero lower bound," Working Paper Series 3079, European Central Bank.
    54. Philippe Bacchetta, 2017. "The Sovereign Money Initiative in Switzerland: An Economic Assessment," Cahiers de Recherches Economiques du Département d'économie 17.16, Université de Lausanne, Faculté des HEC, Département d’économie.
    55. Tambakis, D., 2020. "A Markov-Chain Measure of Systemic Banking Crisis Frequency," Cambridge Working Papers in Economics 2083, Faculty of Economics, University of Cambridge.
    56. Albertazzi, Ugo & Hooft, James ’t & Ter Steege, Lucas, 2025. "The causal effect of inflation on financial stability, evidence from history," Working Paper Series 3108, European Central Bank.
    57. Fukuyama, Hirofumi & Matousek, Roman & Tzeremes, Nickolaos G., 2022. "Bank production with nonperforming loans: A minimum distance directional slack inefficiency approach," Omega, Elsevier, vol. 113(C).
    58. Yasin Mimir, 2023. "Leaning against persistent financial cycles with occasional crises," Working Papers 56, European Stability Mechanism.
    59. Aurélien Espic & Lisa Kerdelhu & Julien Matheron, 2024. "Capital Requirements in Light of Monetary Tightening," Working papers 947, Banque de France.
    60. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2020. "The Distribution of Household Debt in the United States, 1950-2019," ECONtribute Discussion Papers Series 015, University of Bonn and University of Cologne, Germany.
    61. Simona Malovana & Martin Hodula & Josef Bajzik & Zuzana Gric, 2021. "A Tale of Different Capital Ratios: How to Correctly Assess the Impact of Capital Regulation on Lending," Working Papers 2021/8, Czech National Bank, Research and Statistics Department.
    62. Boďa, Martin & Zimková, Emília, 2021. "Overcoming the loan-to-deposit ratio by a financial intermediation measure — A perspective instrument of financial stability policy," Journal of Policy Modeling, Elsevier, vol. 43(5), pages 1051-1069.
    63. Dalla, Eleni & Varelas, Erotokritos, 2019. "Regulation & oligopoly in banking: The role of banking cost structure," Journal of Economics and Business, Elsevier, vol. 104(C), pages 1-1.
    64. Mr. Plamen K Iossifov, 2021. "Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis," IMF Working Papers 2021/028, International Monetary Fund.
    65. David Longworth, 2020. "The Era of Digital Financial Innovation: Lessons from Economic History on Regulation," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 568, March.
    66. Moritz Schularick, 2021. "Corporate indebtedness and macroeconomic stabilisation from a long-term perspective," ECONtribute Policy Brief Series 024, University of Bonn and University of Cologne, Germany.
    67. Lubberink, Martien, 2022. "Max headroom: Discretionary capital buffers and bank risk," International Review of Financial Analysis, Elsevier, vol. 84(C).

  20. Moritz Schularick & Alan Taylor & Oscar Jorda, 2016. "The Great Mortgaging," 2016 Meeting Papers 185, Society for Economic Dynamics.

    Cited by:

    1. Hristov, Nikolay & Roth, Markus, 2019. "Uncertainty shocks and financial crisis indicators," Discussion Papers 36/2019, Deutsche Bundesbank.
    2. Pontines, Victor, 2017. "The financial cycles in four East Asian economies," Economic Modelling, Elsevier, vol. 65(C), pages 51-66.
    3. Giacomo Rella, 2021. "The Fed, housing and household debt over time," Department of Economics University of Siena 850, Department of Economics, University of Siena.
    4. Baur, Dirk, 2019. "Monopoly in Real Life - The Housing Market, Finance and Inequality," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203547, Verein für Socialpolitik / German Economic Association.
    5. Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2018. "The janus-faced nature of debt: results from a data-driven cointegrated svar approach," Post-Print hal-03471585, HAL.
    6. Jun Nagayasu, 2021. "Life Cycles and Gender in Residential Mobility Decisions," The Journal of Real Estate Finance and Economics, Springer, vol. 62(3), pages 370-401, April.
    7. Laeven, Luc & Perez-Quiros, Gabriel & Rivas, María Dolores Gadea, 2020. "Growth-and-risk trade-off," Working Paper Series 2397, European Central Bank.
    8. Franziska Bremus & Thomas Krause & Felix Noth, 2021. "Lender-Specific Mortgage Supply Shocks and Macroeconomic Performance in the United States," Discussion Papers of DIW Berlin 1936, DIW Berlin, German Institute for Economic Research.
    9. Jiří Rajl, 2019. "The Impact of Regulatory Measures on the Development of Household Indebtedness," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2019(1), pages 5-23.
    10. Mr. Fei Han & Ms. Emilia M Jurzyk & Wei Guo & Yun He & Ms. Nadia Rendak, 2019. "Assessing Macro-Financial Risks of Household Debt in China," IMF Working Papers 2019/258, International Monetary Fund.
    11. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2017. "The Shift in Bank Credit Allocation: New Data and New Findings," Research Report 17012-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    12. Rafiq, Shuddhasattwa, 2020. "Projecting post-crisis house and equity prices since the 1870s:not all crises are alike," MPRA Paper 103164, University Library of Munich, Germany.
    13. Kilian, Lutz & Zhou, Xiaoqing, 2018. "The propagation of regional shocks in housing markets: Evidence from oil price shocks in Canada," CFS Working Paper Series 606, Center for Financial Studies (CFS).
    14. Sarah Chan, 2020. "China’s Rising Household Debt: A New Debt Trap?," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 567-578, December.
    15. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    16. Franziska Bremus & Thomas Krause & Felix Noth, 2017. "Bank-Specific Shocks and House Price Growth in the U.S," Discussion Papers of DIW Berlin 1636, DIW Berlin, German Institute for Economic Research.
    17. Nobuhiro Kiyotaki & Alexander Michaelides & Kalin Nikolov, 2020. "Housing, Distribution and Welfare," Working Papers 2020-52, Princeton University. Economics Department..
    18. Mikhail Mamonov & Anna Pestova, 2021. "Credit Supply Shocks and Household Defaults," CERGE-EI Working Papers wp691, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    19. Mathias Drehmann & Mikael Juselius & Anton Korinek, 2017. "Accounting for debt service: the painful legacy of credit booms," BIS Working Papers 645, Bank for International Settlements.
    20. Atif Mian, 2016. "Comment on "Macrofinancial History and the New Business Cycle Facts"," NBER Chapters, in: NBER Macroeconomics Annual 2016, Volume 31, pages 274-278, National Bureau of Economic Research, Inc.
    21. Milan Christian de Wet, 2021. "Modelling the Australasian Financial Cycle: A Markov-Regime Switching Approach," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 14(1), pages 69-79, June.
    22. Alexandra Varadi, 2021. "Identifying the transmission channels of credit supply shocks to household debt: price and non-price effects," Bank of England working papers 927, Bank of England.
    23. Bremus, Franziska & Krause, Thomas & Noth, Felix, 2021. "Lender-specific mortgage supply shocks and macroeconomic performance in the United States," IWH Discussion Papers 3/2021, Halle Institute for Economic Research (IWH).
    24. Hristov, Nikolay & Roth, Markus, 2022. "Uncertainty shocks and systemic-risk indicators," Journal of International Money and Finance, Elsevier, vol. 122(C).
    25. Kenneth S. Rogoff & Yuanchen Yang, 2020. "Peak China Housing," NBER Working Papers 27697, National Bureau of Economic Research, Inc.
    26. Lenarčič, Črt, 2021. "Estimating business and financial cycles in Slovenia," MPRA Paper 109977, University Library of Munich, Germany.
    27. Kenneth Rogoff & Yuanchen Yang, 2021. "Has China's Housing Production Peaked?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 29(1), pages 1-31, January.
    28. Samarina, Anna & Zhang, Lu & Bezemer, Dirk, 2017. "Credit cycle coherence in the eurozone: Was there a euro effect?," Journal of International Money and Finance, Elsevier, vol. 77(C), pages 77-98.
    29. Iren Levina & Robert Sturrock & Alexandra Varadi & Gavin Wallis, 2019. "Modelling the distribution of mortgage debt," Bank of England working papers 808, Bank of England.
    30. Mathias Drehmann & Mikael Juselius & Anton Korinek, 2018. "Going With the Flows: New Borrowing, Debt Service and the Transmission of Credit Booms," NBER Working Papers 24549, National Bureau of Economic Research, Inc.
    31. Melina Dritsaki & Chaido Dritsaki, 2022. "Comparison of HP Filter and the Hamilton’s Regression," Mathematics, MDPI, vol. 10(8), pages 1-18, April.
    32. Pontines, Victor, 2018. "Self-selection and treatment effects: Revisiting the effectiveness of foreign exchange intervention," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 299-316.
    33. Thibaut Duprey & Alexander Ueberfeldt, 2020. "Managing GDP Tail Risk," Staff Working Papers 20-3, Bank of Canada.
    34. Sevim Kösem, 2021. "Income inequality, mortgage debt and house prices," Bank of England working papers 921, Bank of England.
    35. P. Reusens & Ch. Warisse, 2018. "House prices and economic growth in Belgium," Economic Review, National Bank of Belgium, issue iv, pages 81-106, december.

  21. Taylor, Alan M. & Jordà , Òscar & Schularick, Moritz, 2016. "Macrofinancial History and the New Business Cycle Facts," CEPR Discussion Papers 11587, C.E.P.R. Discussion Papers.

    Cited by:

    1. Donadelli, Michael & Ferranna, Licia & Gufler, Ivan & Paradiso, Antonio, 2021. "Using past epidemics to estimate the macroeconomic implications of COVID-19: A bad idea!," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 214-224.
    2. Ruthardt, Fabian & Potrafke, Niklas & Wüthrich, Kaspar, 2021. "Protectionism and economic growth: Causal evidence from the first era of globalization," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242425, Verein für Socialpolitik / German Economic Association.
    3. Bakas, Dimitrios & Mendieta-Muñoz, Ivan, 2020. "Financial crises and economic recovery: Cross-country heterogeneity and cross-sectional dependence," Economics Letters, Elsevier, vol. 195(C).
    4. Ha, Jongrim & Kose, M. Ayhan & Otrok, Christopher & Prasad, Eswar, 2020. "Global Macro-Financial Cycles and Spillovers," IZA Discussion Papers 13000, Institute of Labor Economics (IZA).
    5. Diego Comin & Ramana Nanda, 2019. "Financial Development and Technology Diffusion," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(2), pages 395-419, June.
    6. Michael D. Bordo, 2017. "The Second Era of Globalization is Not Yet Over: An Historical Perspective," NBER Working Papers 23786, National Bureau of Economic Research, Inc.
    7. Bertsch, Christoph & Hull, Isaiah & Lumsdaine, Robin L. & Zhang, Xin, 2024. "Four Facts about International Central Bank Communication," Working Paper Series 432, Sveriges Riksbank (Central Bank of Sweden).
    8. Giovanni Dosi & Lucrezia Fanti & Maria Enrica Virgillito, 2024. "Attributes and trends of rentified capitalism," LEM Papers Series 2024/01, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    9. Charles Ka Yui Leung & Joe Cho Yiu Ng, 2018. "Macro Aspects of Housing," Globalization Institute Working Papers 340, Federal Reserve Bank of Dallas.
    10. Sergio Correia & Stephan Luck & Emil Verner, 2025. "Failing Banks," Papers 2506.06082, arXiv.org.
    11. William N. Goetzmann & Dasol Kim, 2017. "Negative Bubbles: What Happens After a Crash," NBER Working Papers 23830, National Bureau of Economic Research, Inc.
    12. Daniel Fehrle, 2023. "Hedging against inflation: housing versus equity," Empirical Economics, Springer, vol. 65(6), pages 2583-2626, December.
    13. Julien Pénasse & Luc Renneboog, 2022. "Speculative Trading and Bubbles: Evidence from the Art Market," Management Science, INFORMS, vol. 68(7), pages 4939-4963, July.
    14. Rafiq, Shuddhasattwa, 2022. "How did house and stock prices respond to different crisis episodes since the 1870s?," Economic Modelling, Elsevier, vol. 114(C).
    15. Fernández Romero, Daniel, 2025. "The fiscal multiplier in presence of unconventional monetary policy: Evidence for 17 OECD countries," Economic Modelling, Elsevier, vol. 147(C).
    16. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.
    17. Daniel L. Greenwald & Tim Landvoigt & Stijn Van Nieuwerburgh, 2021. "Financial Fragility with SAM?," Journal of Finance, American Finance Association, vol. 76(2), pages 651-706, April.
    18. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    19. Zhengyang Jiang, 2024. "Exorbitant Privilege: A Safe-Asset View," CESifo Working Paper Series 11279, CESifo.
    20. Michele Fratianni & Federico Giri & Riccardo Lucchetti & Francesco Valentini, 2022. "Monetization, wars, and the Italian fiscal multiplier," Mo.Fi.R. Working Papers 176, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    21. Halberstadt, Arne, 2021. "Decomposing the yield curve with linear regressions and survey information," Discussion Papers 27/2021, Deutsche Bundesbank.
    22. Olkhov, Victor, 2019. "New Essentials of Economic Theory," MPRA Paper 95065, University Library of Munich, Germany.
    23. Oguzhan Bozatli & Seref Can Serin & Murat Demir, 2024. "The causal relationship between public debt and economic growth in G7 countries: new evidence from time and frequency domain approaches," Economic Change and Restructuring, Springer, vol. 57(3), pages 1-27, June.
    24. Andrew Bailey & Ambrogio Cesa-Bianchi & Marco Garofalo & Richard Harrison & Nick McLaren & Rana Sajedi & Sophie Piton, 2023. "Structural change, global R* and the missing-investment puzzle," Bank of England working papers 997, Bank of England.
    25. Roberto Marfe & Julien Penasse, 2024. "Measuring Macroeconomic Tail Risk," Carlo Alberto Notebooks 715 JEL Classification: E, Collegio Carlo Alberto.
    26. Chris Reimann, 2024. "Predicting financial crises: an evaluation of machine learning algorithms and model explainability for early warning systems," Review of Evolutionary Political Economy, Springer, vol. 5(1), pages 51-83, June.
    27. Constantinescu, Mihnea & Nguyen, Anh Dinh Minh, 2021. "A century of gaps: Untangling business cycles from secular trends," Economic Modelling, Elsevier, vol. 100(C).
    28. Seán Kenny & Jason Lennard, 2018. "Monetary aggregates for Ireland, 1840–1921," Economic History Review, Economic History Society, vol. 71(4), pages 1249-1269, November.
    29. Gabriel, Ricardo Duque, 2023. "Monetary policy and the wage inflation-unemployment tradeoff," European Economic Review, Elsevier, vol. 159(C).
    30. Ye, Huiying & Liao, Hua & Zheng, Guoliang & Peng, Ying, 2024. "Industrialization, environmental externality, and climate mitigation strategies," Economic Modelling, Elsevier, vol. 139(C).
    31. Martin Gachter & Elias Hasler & Florian Huber, 2023. "A tale of two tails: 130 years of growth-at-risk," Papers 2302.08920, arXiv.org.
    32. Sven Steinkamp & Frank Westermann, 2018. "Systemic Crisis and Growth Revisited: Has the Global Financial Crisis Marked a New Era?," IEER Working Papers 112, Institute of Empirical Economic Research, Osnabrueck University.
    33. Crescioli, Tommaso, 2024. "Reinforcing each other: how the combination of European and domestic reforms increased competition in liberalized industries," LSE Research Online Documents on Economics 123605, London School of Economics and Political Science, LSE Library.
    34. Saktinil Roy, 2023. "Do Changes in Risk Perception Predict Systemic Banking Crises?," JRFM, MDPI, vol. 16(11), pages 1-15, October.
    35. Gomes, João F. & Grotteria, Marco & Wachter, Jessica A., 2023. "Foreseen risks," Journal of Economic Theory, Elsevier, vol. 212(C).
    36. Lim, Jamus Jerome, 2020. "The political economy of fiscal procyclicality," European Journal of Political Economy, Elsevier, vol. 65(C).
    37. Jesús Fernández‐Villaverde & Samuel Hurtado & Galo Nuño, 2023. "Financial Frictions and the Wealth Distribution," Econometrica, Econometric Society, vol. 91(3), pages 869-901, May.
    38. Fraser Summerfield & Livio Di Matteo, 2021. "Influenza Pandemics and Macroeconomic Fluctuations in Recent Economic History," Working Papers 210002, Canadian Centre for Health Economics.
    39. B. De Backer & M. Deroose & Ch. Van Nieuwenhuyze, 2019. "Is a recession imminent? The signal of the yield curve," Economic Review, National Bank of Belgium, issue i, pages 69-93, June.
    40. Anthony Lepinteur & Sofie R. Waltl, 2020. "Tracking Owners’ Sentiments: Subjective Home Values, Expectations and House Price Dynamics," Department of Economics Working Papers wuwp299, Vienna University of Economics and Business, Department of Economics.
    41. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2020. "Does mortgage lending impact business credit? Evidence from a new disaggregated bank credit data set," Journal of Banking & Finance, Elsevier, vol. 113(C).
    42. Ulrike Malmendier & Alexandra Steiny Wellsjo, 2024. "Rent or Buy? Inflation Experiences and Homeownership within and across Countries," Journal of Finance, American Finance Association, vol. 79(3), pages 1977-2023, June.
    43. Greg Howard & Carl Liebersohn, 2019. "What Explains U.S. House Prices? Regional Income Divergence," 2019 Meeting Papers 1054, Society for Economic Dynamics.
    44. Hou, Yanxi & Leng, Xuan & Peng, Liang & Zhou, Yinggang, 2024. "Panel quantile regression for extreme risk," Journal of Econometrics, Elsevier, vol. 240(1).
    45. Joshua Brault & Hashmat Khan, 2018. "The Shifts in Lead-Lag Properties of the US Business Cycle," Carleton Economic Papers 18-03, Carleton University, Department of Economics, revised 01 Mar 2019.
    46. Tudi, Tayier & Wu, Ji & Chen, Minghua & Jeon, Bang Nam, 2025. "Does foreign demand affect corporate financialization? Some evidence from China," Emerging Markets Review, Elsevier, vol. 65(C).
    47. Cuciniello, Vincenzo & di Iasio, Nicola, 2021. "Determinants of the credit cycle: a flow analysis of the extensive margin," ESRB Working Paper Series 125, European Systemic Risk Board.
    48. Engelbert Stockhammer & Giorgos Gouzoulis & Rob Calvert Jump, 2019. "Debt-driven business cycles in historical perspective: The cases of the USA (1889-2015) and UK (1882-2010)," Working Papers PKWP1907, Post Keynesian Economics Society (PKES).
    49. Stewart, Kenneth G., 2024. "The simple macroeconometrics of the quantity theory and the welfare cost of inflation," Journal of Economic Dynamics and Control, Elsevier, vol. 162(C).
    50. Taylor, Alan M. & Davis, Josh, 2019. "The Leverage Factor: Credit Cycles and Asset Returns," CEPR Discussion Papers 14115, C.E.P.R. Discussion Papers.
    51. Klingelhöfer, Jan & Sun, Rongrong, 2019. "Macroprudential policy, central banks and financial stability: Evidence from China," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 19-41.
    52. Giesecke, Matthias & Jaeger, Philipp, 2021. "Pension Incentives and Labor Supply: Evidence from the Introduction of Universal Old-Age Assistance in the UK," IZA Discussion Papers 14469, Institute of Labor Economics (IZA).
    53. Engelbert Stockhammer & Giorgos Gouzoulis, 2023. "Debt-GDP cycles in historical perspective: the case of the USA (1889–2014)," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(2), pages 317-335.
    54. Marco Del Negro & Domenico Giannone & Marc Giannoni & Andrea Tambalotti, 2018. "Global trends in interest rates," Staff Reports 866, Federal Reserve Bank of New York.
    55. Rogoff, Kenneth, 2025. "Debt supercycle versus secular stagnation," Journal of Policy Modeling, Elsevier, vol. 47(4), pages 723-737.
    56. Roberto Robatto, 2019. "Online Appendix to "Systemic Banking Panics, Liquidity Risk, and Monetary Policy"," Online Appendices 18-235, Review of Economic Dynamics.
    57. Daniel Kaufmann, 2017. "Is Deflation Costly After All? The Perils of Erroneous Historical Classifications," IRENE Working Papers 17-09, IRENE Institute of Economic Research.
    58. Sebastián Amador, 2022. "Hysteresis, endogenous growth, and monetary policy," Working Papers 348, University of California, Davis, Department of Economics.
    59. Grancini, Stefano, 2025. "Public debt, iMPCs & fiscal policy transmission," Working Paper Series 3106, European Central Bank.
    60. Stephanie Schmitt-Grohé & Martín Uribe, 2022. "What Do Long Data Tell Us About the Inflation Hike Post COVID-19 Pandemic?," NBER Working Papers 30357, National Bureau of Economic Research, Inc.
    61. Da Wang & YingXue Zhou, 2024. "An innovative machine learning workflow to research China’s systemic financial crisis with SHAP value and Shapley regression," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-40, December.
    62. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, C.E.P.R. Discussion Papers.
    63. Le, Vo Phuong Mai & Meenagh, David & Minford, Patrick, 2019. "A long-commodity-cycle model of the world economy over a century and a half — Making bricks with little straw," Energy Economics, Elsevier, vol. 81(C), pages 503-518.
    64. Casabianca, Elizabeth Jane & Catalano, Michele & Forni, Lorenzo & Giarda, Elena & Passeri, Simone, 2022. "A machine learning approach to rank the determinants of banking crises over time and across countries," Journal of International Money and Finance, Elsevier, vol. 129(C).
    65. Michael D. Bordo, 2017. "An historical perspective on financial stability and monetary policy regimes: A case for caution in central banks current obsession with financial stability," Working Paper 2018/5, Norges Bank.
    66. Meller, Barbara & Metiu, Norbert, 2017. "The synchronization of credit cycles," Journal of Banking & Finance, Elsevier, vol. 82(C), pages 98-111.
    67. Bai, Hang & Zhang, Lu, 2022. "Searching for the equity premium," Journal of Financial Economics, Elsevier, vol. 143(2), pages 897-926.
    68. Lorenzo Pozzi, "undated". "Housing returns and intertemporal substitution in consumption: estimates for industrial economies," Tinbergen Institute Discussion Papers 22-044/VI, Tinbergen Institute.
    69. Victor Olkhov, 2018. "Econophysics Beyond General Equilibrium: the Business Cycle Model," Papers 1804.04721, arXiv.org.
    70. Suarez, Javier & Mendicino, Caterina & Nikolov, Kalin & Rubio-Ramírez, Juan Francisco & Supera, Dominik, 2020. "Twin Defaults and Bank Capital Requirements," CEPR Discussion Papers 14427, C.E.P.R. Discussion Papers.
    71. Vicente Esteve & María A. Prats, 2023. "External sustainability in Spanish economy: Bubbles and crises, 1970–2020," Review of International Economics, Wiley Blackwell, vol. 31(1), pages 60-80, February.
    72. Guillaume A. Khayat, 2017. "The Corridor's Width as a Monetary Policy Tool," Working Papers halshs-01611650, HAL.
    73. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    74. Rodriguez, Harold & Colombo, Jefferson, 2025. "Is bitcoin an inflation hedge?," Journal of Economics and Business, Elsevier, vol. 133(C).
    75. Kurt G. Lunsford & Kenneth D. West, 2018. "Some Evidence on Secular Drivers of U.S. Safe Real Rates," NBER Working Papers 25288, National Bureau of Economic Research, Inc.
    76. Gete, Pedro & Melkadze, Givi, 2018. "Aggregate volatility and international dynamics. The role of credit supply," Journal of International Economics, Elsevier, vol. 111(C), pages 143-158.
    77. Hamed Ghiaie & Jean‐François Rouillard, 2022. "Housing tax expenditures and financial intermediation," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(2), pages 937-970, May.
    78. Monique Reid & Pierre Siklos, 2024. "Firm level expectations and macroeconomic conditions underpinnings and disagreement," Working Papers 11058, South African Reserve Bank.
    79. Gunther Tichy, 2019. "The Neglected Mass Saving. The Economic Consequences of Increasing Intermediation," WIFO Bulletin, WIFO, vol. 24(17), pages 153-166, December.
    80. Robin Greenwood & Samuel G. Hanson & Andrei Shleifer & Jakob Ahm Sørensen, 2022. "Predictable Financial Crises," Journal of Finance, American Finance Association, vol. 77(2), pages 863-921, April.
    81. Bassanin, Marzio & Faia, Ester & Patella, Valeria, 2021. "Ambiguity attitudes and the leverage cycle," Journal of International Economics, Elsevier, vol. 129(C).
    82. Lay, Sok Heng, 2020. "Bank credit and economic growth: Short-run evidence from a dynamic threshold panel model," Economics Letters, Elsevier, vol. 192(C).
    83. Hamid NoghaniBehambari & Farzaneh Noghani & Nahid Tavassoli, 2021. "Early-life Income Shocks and Old-Age Cause-Specific Mortality," Papers 2101.03943, arXiv.org.
    84. Giancarlo Corsetti & Barry Eichengreen & Galina Hale & Eric Tallman, 2020. "The Euro Crisis in the Mirror of the EMS: How Tying Odysseus to the Mast Avoided the Sirens but Led Him to Charybdis," Open Economies Review, Springer, vol. 31(2), pages 219-236, April.
    85. Konstantin A. Kholodilin & Sebastian Kohl, 2021. "Rent Price Control – Yet Another Great Equalizer of Economic Inequalities?: Evidence from a Century of Historical Data," Discussion Papers of DIW Berlin 1927, DIW Berlin, German Institute for Economic Research.
    86. Proaño Acosta, Christian & Peña, Juan Carlos & Saalfeld, Thomas, 2019. "Inequality, macroeconomic performance and political polarization: An empirical analysis," BERG Working Paper Series 149, Bamberg University, Bamberg Economic Research Group.
    87. Agnieszka Markiewicz & Rafal Raciborski, 2022. "Income Inequality and Stock Market Returns," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 286-307, January.
    88. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    89. Goel, Rajeev K. & Saunoris, James W. & Schneider, Friedrich, 2019. "Drivers of the underground economy for over a century: A long term look for the United States," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 95-106.
    90. Westerhout, Ed & Meijdam, Lex & Ponds, Eduard & Bonenkamp, Jan, 2021. "Should we Revive PAYG? On the Optimal Pension System in View of Current Economic Trends," Discussion Paper 2021-013, Tilburg University, Center for Economic Research.
    91. Bora Durdu & Alex Martin & Ilknur Zer, 2019. "The Role of U.S. Monetary Policy in Global Banking Crises," Finance and Economics Discussion Series 2019-039, Board of Governors of the Federal Reserve System (U.S.).
    92. Michael D. Bordo & Pierre Siklos, 2017. "Central Banks: Evolution and Innovation in Historical Perspective," Economics Working Papers 17105, Hoover Institution, Stanford University.
    93. Joseph Kopecky, 2021. "The Age for Austerity? Population Age Structure and Fiscal Multipliers," Trinity Economics Papers tep1621, Trinity College Dublin, Department of Economics.
    94. Olkhov, Victor, 2018. "Economic Transactions Govern Business Cycles," MPRA Paper 88531, University Library of Munich, Germany, revised 19 Aug 2018.
    95. Sylvérie Herbert & Paul Hubert & Mathias Lé, 2025. "When does Monetary Policy Matter? Policy Stance vs. Term Premium News," Working papers 1017, Banque de France.
    96. James D. Hamilton, 2017. "Why You Should Never Use the Hodrick-Prescott Filter," NBER Working Papers 23429, National Bureau of Economic Research, Inc.
    97. Andrés Schneider, 2022. "Risk‐Sharing and the Term Structure of Interest Rates," Journal of Finance, American Finance Association, vol. 77(4), pages 2331-2374, August.
    98. Tölö, Eero, 2020. "Predicting systemic financial crises with recurrent neural networks," Journal of Financial Stability, Elsevier, vol. 49(C).
    99. Peter J. Boettke & Alexander W. Salter & Daniel J. Smith, 2018. "Money as meta-rule: Buchanan’s constitutional economics as a foundation for monetary stability," Public Choice, Springer, vol. 176(3), pages 529-555, September.
    100. Proaño Acosta, Christian & Peña, Juan Carlos & Saalfeld, Thomas, 2020. "Inequality, macroeconomic performance and political polarization: A panel analysis of 20 advanced democracies," BERG Working Paper Series 157, Bamberg University, Bamberg Economic Research Group.
    101. Gerdie Everaert & Lorenzo Pozzi, 2022. "Encompassing measures of international consumption risk sharing and their link with trade and financial globalization," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 433-449, March.
    102. Afonso, António & Morão, Hugo, 2024. "Commonalities and heterogeneity in the Iberian business cycle," The Journal of Economic Asymmetries, Elsevier, vol. 30(C).
    103. Potjagailo, Galina & Wolters, Maik H., 2023. "Global financial cycles since 1880," Journal of International Money and Finance, Elsevier, vol. 131(C).
    104. Ong, Kian, 2024. "Adjusting toward long-run purchasing power parity," Journal of International Money and Finance, Elsevier, vol. 149(C).
    105. Engelbert Stockhammer & Joel Rabinovich & Niall Reddy, 2018. "Distribution, wealth and demand regimes in historical perspective. USA, UK, France and Germany, 1855-2010," Working Papers PKWP1805, Post Keynesian Economics Society (PKES).
    106. Emmanuel Carré & Guillaume L'Oeillet, 2018. "The Literature on the Finance–Growth Nexus in the Aftermath of the Financial Crisis: A Review," Post-Print halshs-01746069, HAL.
    107. Bertsch, Christoph & Hull, Isaiah & Lumsdaine, Robin L. & Zhang, Xin, 2022. "Central Bank Mandates and Monetary Policy Stances: through the Lens of Federal Reserve Speeches," Working Paper Series 417, Sveriges Riksbank (Central Bank of Sweden), revised 01 Sep 2024.
    108. Caterina Mendicino & Kalin Nikolov & Juan Rubio-Ramirez & Javier Suarez & Dominik Supera, 2020. "Twin Default Crises," Working Papers wp2020_2006, CEMFI.
    109. Daniel Kaufmann, 2016. "Is Deflation Costly After All? Evidence from Noisy Historical Data," KOF Working papers 16-421, KOF Swiss Economic Institute, ETH Zurich.
    110. Michal Skara & Ladislava Issever Grochova, 2025. "Do inequality and fiscal redistribution matter when credit bites back?," MENDELU Working Papers in Business and Economics 2025-108, Mendel University in Brno, Faculty of Business and Economics.
    111. Audzei, Volha, 2023. "Learning and cross-country correlations in a multi-country DSGE model," Economic Modelling, Elsevier, vol. 120(C).
    112. Fixler, Dennis & Zieschang, Kim, 2019. "Producing liquidity," Journal of Financial Stability, Elsevier, vol. 42(C), pages 115-135.
    113. Kuzman, Tanja & Lazarevic, Jelisaveta & Nedeljkovic, Milan, 2022. "Capital flows liberalisation and macroprudential policies: The effects on credit cycles in emerging economies," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 602-619.
    114. Michael Kuhn & Antonio Minniti & Klaus Prettner & Francesco Venturini, 2023. "Medical innovation, life expectancy, and economic growth," Department of Economics Working Papers wuwp342, Vienna University of Economics and Business, Department of Economics.
    115. Mehdi El Herradi & Aurélien Leroy, 2020. "Monetary policy and the top one percent: Evidence from a century of modern economic history," AMSE Working Papers 2047, Aix-Marseille School of Economics, France.
    116. Halberstadt, Arne, 2023. "Decomposing the yield curve with linear regressions and survey information," The Quarterly Review of Economics and Finance, Elsevier, vol. 91(C), pages 25-39.
    117. Marko Melolinna & Máté Tóth, 2019. "Output gaps, inflation and financial cycles in the UK," Empirical Economics, Springer, vol. 56(3), pages 1039-1070, March.
    118. Fratianni, Michele & Giri, Federico, 2017. "The tale of two great crises," Journal of Economic Dynamics and Control, Elsevier, vol. 81(C), pages 5-31.
    119. Klein, Mathias & Winkler, Roland, 2017. "Austerity, Inequality, and Private Debt Overhang," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168076, Verein für Socialpolitik / German Economic Association.
    120. Wang, Si-Meng & Wang, Miao & Feng, Chao, 2024. "Deleveraging and green technology innovation: Evidence from Chinese listed companies," Research in International Business and Finance, Elsevier, vol. 69(C).
    121. Rob Luginbuhl, 2020. "Estimation of the Financial Cycle with a Rank-Reduced Multivariate State-Space Model," CPB Discussion Paper 409, CPB Netherlands Bureau for Economic Policy Analysis.
    122. Martin Mandler & Michael Scharnagl, 2022. "Financial Cycles in Euro Area Economies: A Cross‐Country Perspective Using Wavelet Analysis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(3), pages 569-593, June.
    123. Victor Olkhov, 2018. "How Macro Transactions Describe the Evolution and Fluctuation of Financial Variables," IJFS, MDPI, vol. 6(2), pages 1-19, March.
    124. Mireille Jaeger, 2019. "La faiblesse du taux d'intérêt exprime-t-elle de nouvelles préférences de notre société à l'égard du futur ?," Post-Print halshs-02168824, HAL.
    125. Shen, Yifan, 2020. "Measuring macroeconomic uncertainty: A historical perspective," Economics Letters, Elsevier, vol. 196(C).
    126. Calomiris, Charles W. & Jaremski, Matthew, 2024. "The puzzling persistence of financial crises: A selective review of 2000 years of evidence," Journal of Financial Intermediation, Elsevier, vol. 58(C).
    127. Ellis, Scott & Sharma, Satish & Brzeszczyński, Janusz, 2022. "Systemic risk measures and regulatory challenges," Journal of Financial Stability, Elsevier, vol. 61(C).
    128. Pascal Paul, 2020. "Historical Patterns of Inequality and Productivity around Financial Crises," Working Paper Series 2017-23, Federal Reserve Bank of San Francisco.
    129. Hegelund, Erik & Taalbi, Josef, 2023. "What determines unemployment in the long run? Band spectrum regression on ten countries 1913–2016," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 144-167.
    130. Awaworyi Churchill, Sefa & Baako, Kingsley Tetteh & Mintah, Kwabena & Zhang, Quanda, 2021. "Transport infrastructure and house prices in the long run," Transport Policy, Elsevier, vol. 112(C), pages 1-12.
    131. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    132. Lorenzo Pozzi & Barbara Sadaba, 2021. "Macroeconomic disasters and consumption smoothing," Tinbergen Institute Discussion Papers 21-030/VI, Tinbergen Institute.
    133. Dieckelmann, Daniel, 2020. "Cross-border lending and the international transmission of banking crises," Discussion Papers 2020/13, Free University Berlin, School of Business & Economics.
    134. Roy, Saktinil & Kemme, David M., 2020. "The run-up to the global financial crisis: A longer historical view of financial liberalization, capital inflows, and asset bubbles," International Review of Financial Analysis, Elsevier, vol. 69(C).
    135. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    136. Boddin, Dominik & te Kaat, Daniel Marcel & Ma, Chang & Rebucci, Alessandro, 2025. "Portfolio flows and household portfolios," European Economic Review, Elsevier, vol. 172(C).
    137. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick, 2020. "The College Wealth Divide: Education and Inequality in America, 1956-2016," Review, Federal Reserve Bank of St. Louis, vol. 102(1), pages 19-49.
    138. Rajesh Sharma, 2018. "Health and economic growth: Evidence from dynamic panel data of 143 years," PLOS ONE, Public Library of Science, vol. 13(10), pages 1-20, October.
    139. Tomas Ramanauskas & Skirmante Matkenaite & Virgilijus Rutkauskas, 2018. "Credit and money creation from the integrated accounts perspective," Bank of Lithuania Discussion Paper Series 5, Bank of Lithuania.
    140. Monnet, Eric & Puy, Damien, 2021. "One Ring to Rule Them All? New Evidence on World Cycles," CEPR Discussion Papers 15958, C.E.P.R. Discussion Papers.
    141. Joseph Kopecky, 2021. "Okay Boomer... Excess Money Growth, Inflation, and Population Aging," Trinity Economics Papers tep0721, Trinity College Dublin, Department of Economics, revised Oct 2021.
    142. Probst, Julius, 2019. "Global real interest rate dynamics from the late 19th century to today," International Review of Economics & Finance, Elsevier, vol. 59(C), pages 522-547.
    143. Christian Bayer & Benjamin Born & Ralph Luetticke, 2021. "The Liquidity Channel of Fiscal Policy," ifo Working Paper Series 351, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    144. Bianchi, Francesco, 2020. "The Great Depression and the Great Recession: A view from financial markets," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 240-261.
    145. Fabio Braggion & Felix von Meyerinck & Nic Schaub & Michael Weber & Michael Weber, 2025. "The Long-Term Effects of Inflation on Inflation Expectations," CESifo Working Paper Series 11679, CESifo.
    146. Robert Skidelsky & Simone Gasperin, 2021. "Reinstating fiscal policy for normal times: Public investment and Public Jobs Programmes," PSL Quarterly Review, Economia civile, vol. 74(296), pages 3-24.
    147. Federle, Jonathan & Meier, André & Müller, Gernot J. & Mutschler, Willi & Schularick, Moritz, 2024. "The price of war," Kiel Policy Briefs 171, Kiel Institute for the World Economy.
    148. Basistha, Arabinda, 2025. "A Markov-switching dynamic factor framework for dating global economic cycles," Journal of International Money and Finance, Elsevier, vol. 157(C).
    149. Oscar Jorda & Alan Taylor & Sanjay Singh, 2019. "The Long-Run Effects of Monetary Policy," 2019 Meeting Papers 1307, Society for Economic Dynamics.
    150. Martin Jacob & Kelly Wentland & Scott A. Wentland, 2022. "Real Effects of Tax Uncertainty: Evidence from Firm Capital Investments," Management Science, INFORMS, vol. 68(6), pages 4065-4089, June.
    151. Paul, Pascal, 2020. "A macroeconomic model with occasional financial crises," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    152. Guillochon, Justine & Le Roux, Julien, 2023. "Unobserved components model(s): output gaps and financial cycles," Working Paper Series 2832, European Central Bank.
    153. Brand, Claus & Bielecki, Marcin & Penalver, Adrian, 2018. "The natural rate of interest: estimates, drivers, and challenges to monetary policy JEL Classification: E52, E43," Occasional Paper Series 217, European Central Bank.
    154. Li, Xiang & Su, Dan, 2022. "Surges and instability: The maturity shortening channel," Journal of International Economics, Elsevier, vol. 139(C).
    155. Eberhardt, Markus, 2018. "(At Least) Four Theories for Sovereign Default," CEPR Discussion Papers 13084, C.E.P.R. Discussion Papers.
    156. Fraser Summerfield & Livio Di Matteo, 2024. "Influenza pandemics and macroeconomic fluctuations 1871–2016," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 18(2), pages 405-451, May.
    157. Marijn A Bolhuis & Judd N L Cramer & Lawrence H Summers, 2022. "Comparing Past and Present Inflation [Supply and demand in disaggregated Keynesian economies with an application to the covid-19 crisis]," Review of Finance, European Finance Association, vol. 26(5), pages 1073-1100.
    158. Olkhov, Victor, 2019. "New Essentials of Economic Theory III. Economic Applications," MPRA Paper 94053, University Library of Munich, Germany.
    159. Goldstein, Itay & Kopytov, Alexandr & Shen, Lin & Xiang, Haotian, 2024. "Bank heterogeneity and financial stability," Journal of Financial Economics, Elsevier, vol. 162(C).
    160. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    161. Strohsal, Till & Proaño, Christian R. & Wolters, Jürgen, 2019. "Characterizing the financial cycle: Evidence from a frequency domain analysis," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 568-591.
    162. Paolo Mauro & Jing Zhou, 2021. "$$r-g," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(1), pages 197-229, March.
    163. Chenet, Hugues & Ryan-Collins, Josh & van Lerven, Frank, 2021. "Finance, climate-change and radical uncertainty: Towards a precautionary approach to financial policy," Ecological Economics, Elsevier, vol. 183(C).
    164. Nijskens, Rob & Mokas, Dimitris, 2019. "Credit Risk in Commercial Real Estate Bank Loans : The Role of Idiosyncratic versus Macro-Economic Factors," Other publications TiSEM ea4f2f0e-dc50-4987-91d3-6, Tilburg University, School of Economics and Management.
    165. George Dotsis & Panagiotis Petris & Dimitris Psychoyios, 2025. "Assessing Housing Market Crashes over the Past 150 years," The Journal of Real Estate Finance and Economics, Springer, vol. 70(2), pages 359-377, February.
    166. Kuk Mo Jung & Ju Hyun Pyun, 2020. "A Long-Run Approach to Money, Unemployment and Equity Prices," Working Papers 2001, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
    167. David Agorastos & Rowena Gray & Ronan Lyons & Allison Shertzer, 2024. "The Price of Housing in the United States, 1890–2006," Working Papers 24-12, Federal Reserve Bank of Philadelphia.
    168. Fabio Anobile & Marco Maria Matarrese & Alberto Costantiello & Lucio Laureti, 2025. "Insights on measuring the economic impact of monetary policy and inequality," Economic Change and Restructuring, Springer, vol. 58(4), pages 1-28, August.
    169. Kim Ristolainen & Tomi Roukka & Henri Nyberg, 2021. "A Thousand Words Tell More Than Just Numbers: Financial Crises and Historical Headlines," Discussion Papers 149, Aboa Centre for Economics.
    170. Roy, Saktinil, 2022. "What drives the systemic banking crises in advanced economies?," Global Finance Journal, Elsevier, vol. 54(C).
    171. Abebe Hailemariam & Tutsirai Sakutukwa & Ratbek Dzhumashev, 2021. "Long-term determinants of income inequality: evidence from panel data over 1870–2016," Empirical Economics, Springer, vol. 61(4), pages 1935-1958, October.
    172. Moritz Drechsel-Grau & Fabian Greimel, 2018. "Falling Behind: Has Rising Inequality Fueled the American Debt Boom?," 2018 Meeting Papers 1032, Society for Economic Dynamics.
    173. Dmitry Kuvshinov & Kaspar Zimmermann, 2018. "The Big Bang: Stock Market Capitalization in the Long Run," Working Papers 0136, European Historical Economics Society (EHES).
    174. Heo, Ye Jin, 2022. "Population aging and house prices: Who are we calling old?," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    175. Jamel Saadaoui & Marco Chi Keung Lau & Yifei Cai, 2022. "Assessing Debt Stationarity and Sustainability in the Longer-Run with Fourier DF Unit Root Tests and Time-Varying Fiscal Reaction Functions," Working Papers 2022.07, International Network for Economic Research - INFER.
    176. Forbes, Kristin & Ha, Jongrim & Kose, M. Ayhan, 2024. "Rate Cycles," MPRA Paper 121791, University Library of Munich, Germany.
    177. Bidder, Rhys & Jackson, Timothy P. & Rottner, Matthias, 2024. "CBDC and banks: Disintermediating fast and slow," Discussion Papers 15/2024, Deutsche Bundesbank.
    178. Pascal Paul, 2018. "Historical Patterns of Inequality and Productivity around Financial Crises," 2018 Meeting Papers 583, Society for Economic Dynamics.
    179. Joël Cariolle & Petros G Sekeris, 2023. "How export shocks corrupt: Theory and evidence," Post-Print hal-04217750, HAL.
    180. Maitland MacFarlan, 2017. "House price collapses: policy responses and lessons learned," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 80, pages 1-17, December.
    181. Josep Lluís Carrion‐i‐Silvestre & María Dolores Gadea, 2023. "Testing for multiple level shifts with an integrated or stationary noise component," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(6), pages 801-819, September.
    182. Michail Moatsos, 2021. "Long run trails of poverty, 1925–2010," Empirical Economics, Springer, vol. 61(5), pages 2797-2825, November.
    183. Bai, Hang, 2021. "Unemployment and credit risk," Journal of Financial Economics, Elsevier, vol. 142(1), pages 127-145.
    184. Coppola, Gianluigi & Destefanis, Sergio & Di Serio, Mario & Fragetta, Matteo, 2024. "Fiscal multipliers in recession and expansion. An analysis for the Italian regions," Structural Change and Economic Dynamics, Elsevier, vol. 71(C), pages 538-556.
    185. Constantinescu, Mihnea & Lastauskas, Povilas, 2018. "The knotty interplay between credit and housing," The Quarterly Review of Economics and Finance, Elsevier, vol. 70(C), pages 241-266.
    186. Lucciano Villacorta & Josep Pijoan-Mas & Manuel García-Santana, 2019. "Investment Demand and Structural Change," Working Papers 1113, Barcelona School of Economics.
    187. Joseph Kopecky Author-1-Name-First: Joseph Author-1-Name-Last: Kopecky, 2023. "Population age structure and secular stagnation: Evidence from long run data," Trinity Economics Papers tep0526, Trinity College Dublin, Department of Economics.
    188. Sefa Awaworyi Churchill & Bin Peng & Russell Smyth & Quanda Zhang, 2022. "R&D intensity and income inequality in the G7: 1870–2016," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(3), pages 263-282, July.
    189. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    190. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M. Taylor, 2018. "The Rate of Return on Everything, 1870-2015," CESifo Working Paper Series 6899, CESifo.
    191. Alfaro, Laura & Bao, Cathy & Chen, Maggie X. & Hong, Junjie & Steinwender, Claudia, 2022. "Omnia Juncta in Uno*: foreign powers and trademark protection in Shanghai's concession era," LSE Research Online Documents on Economics 117758, London School of Economics and Political Science, LSE Library.
    192. Josh Ryan-Collins, 2021. "Breaking the housing–finance cycle: Macroeconomic policy reforms for more affordable homes," Environment and Planning A, , vol. 53(3), pages 480-502, May.
    193. Broadberry, Stephen & Lennard, Jason, 2024. "European business cycles and economic growth, 1300-2000," LSE Research Online Documents on Economics 123968, London School of Economics and Political Science, LSE Library.
    194. Carlos Gayán-Navarro & Marcos Sanso-Navarro, 2024. "Long-run inequality persistence in the U.S., 1870–2019," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 172(1), pages 261-281, March.
    195. Rafael González-Val & Miriam Marcén, 2024. "Divorce law reforms and house prices in Europe," European Journal of Law and Economics, Springer, vol. 58(3), pages 517-549, December.
    196. Francesco Ferlaino, 2024. "Does the financial accelerator accelerate inequalities?," Working Papers 538, University of Milano-Bicocca, Department of Economics.
    197. Belke, Ansgar & Klose, Jens, 2020. "Equilibrium real interest rates and the financial cycle: Empirical evidence for Euro area member countries," Economic Modelling, Elsevier, vol. 84(C), pages 357-366.
    198. Mathias Drehmann & James Yetman, 2018. "Why you should use the Hodrick-Prescott filter - at least to generate credit gaps," BIS Working Papers 744, Bank for International Settlements.
    199. Barry Eichengreen & Arnaud J. Mehl & Livia Chitu, 2017. "Mars or Mercury? The Geopolitics of International Currency Choice," NBER Working Papers 24145, National Bureau of Economic Research, Inc.
    200. Breunig, Christoph & Grabova, Iuliia & Haan, Peter & Weinhardt, Felix & Weizsäcker, Georg, 2021. "Long-run expectations of households," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 31, pages 1-1.
    201. Bekaert, Geert & Mehl, Arnaud, 2019. "On the global financial market integration “swoosh” and the trilemma," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 227-245.
    202. Gächter, Martin & Hasler, Elias & Scharler, Johann, 2023. "Kicking the can down the road: A historical growth-at-risk perspective," Economics Letters, Elsevier, vol. 228(C).
    203. Yong Qin & Zeshui Xu & Xinxin Wang & Marinko Škare, 2021. "Are family firms in the eyes of economic policy?," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1233-1259, September.
    204. Li, Wenchao, 2024. "Do surging house prices discourage fertility? Global evidence, 1870–2012," Labour Economics, Elsevier, vol. 90(C).
    205. Mandler, Martin & Scharnagl, Michael, 2019. "Financial cycles across G7 economies: A view from wavelet analysis," Discussion Papers 22/2019, Deutsche Bundesbank.
    206. Botta, Alberto & Caverzasi, Eugenio & Russo, Alberto, 2024. "Same old song: On the macroeconomic and distributional effects of leaving a Low Interest Rate Environment," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 552-570.
    207. Timothy Blackwell & Sebastian Kohl, 2018. "Urban heritages: How history and housing finance matter to housing form and homeownership rates," Urban Studies, Urban Studies Journal Limited, vol. 55(16), pages 3669-3688, December.
    208. Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2018. "Global Financial Cycles and Risk Premiums," Working Paper Series 2018-5, Federal Reserve Bank of San Francisco.
    209. Vadim Elenev & Tim Landvoigt & Patrick J. Shultz & Stijn Van Nieuwerburgh, 2021. "Can Monetary Policy Create Fiscal Capacity?," NBER Working Papers 29129, National Bureau of Economic Research, Inc.
    210. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2023. "Populist Leaders and the Economy," Post-Print hal-04211174, HAL.
    211. Schularick, Moritz & Hünnekes, Franziska & Trebesch, Christoph, 2019. "Exportweltmeister: The Low Returns on Germany’s Capital Exports," CEPR Discussion Papers 13863, C.E.P.R. Discussion Papers.
    212. B. De Backer, 2018. "Does financial market volatility influence the real economy?," Economic Review, National Bank of Belgium, issue iv, pages 107-124, december.
    213. Grisse, Christian & Scheidegger, Fabian, 2021. "Covariability of real exchange rates and fundamentals," Economics Letters, Elsevier, vol. 201(C).
    214. Kelvin J. L. Koa & Yunshan Ma & Yi Xu & Ritchie Ng & Huanhuan Zheng & Tat-Seng Chua, 2024. "Temporal Relational Reasoning of Large Language Models for Detecting Stock Portfolio Crashes," Papers 2410.17266, arXiv.org, revised Oct 2025.
    215. Crescioli, Tommaso, 2024. "Reinforcing each other: How the combination of European and domestic reforms increased competition in liberalized industries," European Journal of Political Economy, Elsevier, vol. 83(C).
    216. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, May.
    217. Fernández-Gallardo, Álvaro & Payá, Iván, 2025. "Public debt burden and crisis severity," European Economic Review, Elsevier, vol. 176(C).
    218. Youssef Ghallada & Alexandre Girard & Kim Oosterlinck, 2021. "Crises, credit booms and monetary regime," ULB Institutional Repository 2013/335337, ULB -- Universite Libre de Bruxelles.
    219. Jung, Alexander, 2025. "The quantity theory of money: An empirical analysis for 1870 - 2020," Journal of Macroeconomics, Elsevier, vol. 85(C).
    220. Sarah Vella, 2025. "Constructing a country-specific indicator for cyclical systemic risk," Economic Change and Restructuring, Springer, vol. 58(3), pages 1-63, June.
    221. Piergiorgio Alessandri & Pierluigi Bologna & Maddalena Galardo, 2022. "Financial Crises, Macroprudential Policy and the Reliability of Credit-to-GDP Gaps," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 625-667, December.
    222. Andrea Borsato, 2021. "Does the Secular Stagnation hypothesis match with data? Evidence from USA," Working Papers of BETA 2021-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    223. Lu Liu, 2023. "The demand for long-term mortgage contracts and the role of collateral," Bank of England working papers 1009, Bank of England.
    224. Jung, Kuk Mo & Pyun, Ju Hyun, 2023. "A long-run approach to money, unemployment, and equity prices," Economic Modelling, Elsevier, vol. 125(C).
    225. Franziska Hünnekes & Maximilian Konradt & Moritz Schularick & Christoph Trebesch & Julian Wingenbach, 2025. "Exportweltmeister: Germany’s Foreign Investment Returns in International Comparison," Post-Print hal-05448425, HAL.
    226. Alina K Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I Steins, 2025. "The Distribution of Household Debt in the United States, 1950-2022," Post-Print hal-05448445, HAL.
    227. Łukasz Rachel & Lawrence H. Summers, 2019. "On Secular Stagnation in the Industrialized World," NBER Working Papers 26198, National Bureau of Economic Research, Inc.
    228. Gabriel, Ricardo Duque & Klein, Mathias & Pessoa, Sofia, 2022. "The Political Costs of Austerity," Working Paper Series 418, Sveriges Riksbank (Central Bank of Sweden).
    229. Bartscher, Alina K. & Kuhn, Moritz & Schularick, Moritz & Steins, Ulrike I., 2025. "The distribution of household debt in the United States, 1950-2022," Open Access Publications from Kiel Institute for the World Economy 324154, Kiel Institute for the World Economy.
    230. Krystian Bua & Giovanni Dosi & Maria Enrica Virgillito, 2025. "The finance-growth nexus over the long-run," LEM Papers Series 2025/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    231. C. Bora Durdu & Alex Martin & Ilknur Zer, 2020. "The Role of US Monetary Policy in Banking Crises Across the World," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 68(1), pages 66-107, March.
    232. Marco Gallegati & Meghnad Desai, 2024. "Stagflation and inflationary regimes: Long cycles in historical perspective," Journal of Evolutionary Economics, Springer, vol. 34(4), pages 709-737, December.
    233. Srdelic, Leonarda & Davila-Fernandez, Marwil J., 2022. "Demographic transition and economic growth in 6-EU member states," MPRA Paper 112188, University Library of Munich, Germany.
    234. Gholampour, Vahid, 2022. "Exchange rates and information about future fundamentals," Journal of International Money and Finance, Elsevier, vol. 127(C).
    235. Gammadigbe, Vigninou, 2022. "Financial Cycles Synchronization in WAEMU Countries: Implications for Macroprudential Policy," Finance Research Letters, Elsevier, vol. 46(PA).
    236. Jan Behringer & Till van Treeck & Achim Truger, 2020. "Das deutsche Modell: Wie kann der Leistungsbilanzüberschuss abgebaut werden?," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(10), pages 753-757, October.
    237. Pan, Lei & Matsuki, Takashi, 2021. "House price convergence in the very long run: new evidence from Fourier quantile unit root test," MPRA Paper 110816, University Library of Munich, Germany.
    238. Mehrotra, Neil R. & Sergeyev, Dmitriy, 2021. "Debt sustainability in a low interest rate world," Journal of Monetary Economics, Elsevier, vol. 124(S), pages 1-18.
    239. Engelbert Stockhammer & Joel Rabinovich & Niall Reddy, 2018. "Distribution, wealth and demand regimes in historical perspective," FMM Working Paper 14-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    240. Summaira Malik & Ali Abbas & Malik Shahzad Shabbir & Carlos Samuel Ramos-Meza, 2024. "Business Cycle Fluctuations, Foreign Direct Investment, and Real Effective Exchange Rate Nexus Among Asian Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 5466-5479, June.
    241. Gabrovski, Miroslav & Geromichalos, Athanasios & Herrenbrueck, Lucas & Kospentaris, Ioannis & Lee, Sukjoon, 2025. "The real effects of financial disruptions in a monetary economy," Journal of Monetary Economics, Elsevier, vol. 151(C).
    242. Emmanuel Carré & Guillaume L’Œillet, 2017. "Une revue de la littérature récente sur le nexus finance-croissance après la crise : apports, limites et pistes de recherche," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 271-290.
    243. Pierre-Olivier Gourinchas & Hélène Rey, 2016. "Real Interest Rates, Imbalances and the Curse of Regional Safe Asset Providers at the Zero Lower Bound," NBER Working Papers 22618, National Bureau of Economic Research, Inc.
    244. Yousef Makhlouf & Christopher Lalley, 2023. "Education Expansion, Income Inequality and Structural Transformation: Evidence From OECD Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 255-281, September.
    245. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2019. "The Total Risk Premium Puzzle," NBER Working Papers 25653, National Bureau of Economic Research, Inc.
    246. Zsuzsanna Hosszu & Gergely Lakos, 2022. "Early Warning Performance of Univariate Credit-to-GDP Gaps," MNB Occasional Papers 2022/142, Magyar Nemzeti Bank (Central Bank of Hungary).
    247. Olkhov, Victor, 2018. "The Business Cycle Model Beyond General Equilibrium," MPRA Paper 87204, University Library of Munich, Germany.
    248. Ali Gungoraydinoglu & Özde Öztekin, 2022. "Financial crises, banking regulations, and corporate financing patterns around the world," International Review of Finance, International Review of Finance Ltd., vol. 22(3), pages 506-539, September.
    249. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2024. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 116-151, March.
    250. Colombier, Carsten, 2024. "How does government size affect economic growth? New results from a historical dataset," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 24-1, University of Cologne, FiFo Institute for Public Economics.
    251. Zhengjuan Xie & Jiang Du & Yongchao Wu, 2022. "Does financialization of non-financial corporations promote the persistence of innovation: evidence from A-share listed manufacturing corporations in China," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(2), pages 229-250, June.
    252. Mr. Tigran Poghosyan, 2018. "Investment Slowdown in Denmark: Diagnosis and Policy Options," IMF Working Papers 2018/161, International Monetary Fund.
    253. Taylor, Alan M. & Obstfeld, Maurice, 2017. "International Monetary Relations: Taking Finance Seriously," CEPR Discussion Papers 12079, C.E.P.R. Discussion Papers.
    254. Marco Gallegati & Massimo Tamberi, 2020. "Long Swings In The Growth Of Government Expenditure: An International Historical Perspective," Working Papers 447, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    255. Paul Wachtel, 2018. "Credit Deepening: Precursor to Growth or Crisis?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 34-43, March.
    256. Kirti, Divya, 2025. "Lending standards and output growth," Journal of Financial Stability, Elsevier, vol. 76(C).
    257. Olkhov, Victor, 2018. "Economic and Financial Transactions Govern Business Cycles," MPRA Paper 93269, University Library of Munich, Germany.
    258. Villca, Alfredo, 2022. "Commodity prices, bank balance sheets and macroprudential policies in small open economies," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(1).
    259. Victor Olkhov, 2017. "Econophysics of Business Cycles: Aggregate Economic Fluctuations, Mean Risks and Mean Square Risks," Papers 1709.00282, arXiv.org.
    260. Òscar Jordà & Fernanda Nechio, 2019. "Inflation Globally," Working Papers Central Bank of Chile 850, Central Bank of Chile.
    261. Mathias Drehmann & James Yetman, 2020. "Which credit gap is better at predicting financial crises? A comparison of univariate filters," BIS Working Papers 878, Bank for International Settlements.
    262. Clément Gorin & Stephan Heblich & Yanos Zylberberg, 2025. "State of the Art: Economic Development Through the Lens of Paintings," Bristol Economics Discussion Papers 25/793, School of Economics, University of Bristol, UK.
    263. Ferrari, Alessandro, 2020. "Losers amongst the losers: the welfare effects of the Great Recession across cohorts," Working Paper Series 2509, European Central Bank.
    264. Moatsos, Michail, 2022. "Long-Run Trends and Confidence Intervals in the Cost of Basic Needs and Global Poverty: A ballpark approach," MPRA Paper 113035, University Library of Munich, Germany.
    265. Emile du Plessis & Ulrich Fritsche, 2025. "New forecasting methods for an old problem: Predicting 147 years of systemic financial crises," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 44(1), pages 3-40, January.
    266. Chwieroth, Jeffrey & Walter, Andrew, 2020. "Great expectations, financialization and bank bailouts in democracies," LSE Research Online Documents on Economics 102749, London School of Economics and Political Science, LSE Library.
    267. Cañizares Martínez, Carlos, 2025. "Dating housing booms fueled by credit: A Markov switching approach," Journal of Financial Stability, Elsevier, vol. 78(C).
    268. Shromona Ganguly, 2021. "Financialization of the Real Economy: New Empirical Evidence from the Non-financial Firms in India Using Conditional Logistic Model," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 19(3), pages 493-523, September.
    269. Jung, Alexander, 2024. "The quantity theory of money, 1870-2020," Working Paper Series 2940, European Central Bank.
    270. Olkhov, Victor, 2020. "Business Cycles as Collective Risk Fluctuations," MPRA Paper 104598, University Library of Munich, Germany.
    271. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    272. Moritz Schularick & Lucas ter Steege & Felix Ward, 2020. "Leaning against the Wind and Crisis Risk," CESifo Working Paper Series 8484, CESifo.
    273. James Cloyne & Òscar Jordà & Alan M. Taylor, 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," Working Paper Series 2023-05, Federal Reserve Bank of San Francisco.
    274. Huynh, Tran & Uebelmesser, Silke, 2024. "Early warning models for systemic banking crises: Can political indicators improve prediction?," European Journal of Political Economy, Elsevier, vol. 81(C).
    275. Jemima Peppel-Srebrny, 2018. "Government borrowing cost and balance sheets: do assets matter?," Economics Series Working Papers 860, University of Oxford, Department of Economics.
    276. Markus K. Brunnermeier & Sergio Correia & Stephan Luck & Emil Verner & Tom Zimmermann, 2024. "The Debt-Inflation Channel of the German (Hyper-)Inflation," Papers 2405.13296, arXiv.org.
    277. Behn, Markus & Lang, Jan Hannes & Reghezza, Alessio, 2025. "120 years of insight: Geopolitical risk and bank solvency," Economics Letters, Elsevier, vol. 247(C).
    278. Albers, Thilo Nils Hendrik, 2018. "The prelude and global impact of the Great Depression: Evidence from a new macroeconomic dataset," Explorations in Economic History, Elsevier, vol. 70(C), pages 150-163.
    279. Bluwstein, Kristina & Buckmann, Marcus & Joseph, Andreas & Kapadia, Sujit & Şimşek, Özgür, 2023. "Credit growth, the yield curve and financial crisis prediction: Evidence from a machine learning approach," Journal of International Economics, Elsevier, vol. 145(C).
    280. Liu, Lu, 2023. "The demand for long-term mortgage contracts and the role of collateral," ESRB Working Paper Series 142, European Systemic Risk Board.
    281. Thilo N. H. Albers & Charlotte Bartels & Moritz Schularick, 2020. "The Distribution of Wealth in Germany, 1895-2018," ECONtribute Policy Brief Series 001, University of Bonn and University of Cologne, Germany.
    282. Dur, Ayşe & Martínez García, Enrique, 2020. "Mind the gap!—A monetarist view of the open-economy Phillips curve," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
    283. Mathias Klein & Roland Winkler, 2021. "The government spending multiplier at the zero lower bound: International evidence from historical data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(6), pages 744-759, September.
    284. Aubhik Khan & Soyoung Lee, 2023. "Persistent Debt and Business Cycles in an Economy with Production Heterogeneity," Staff Working Papers 23-17, Bank of Canada.
    285. Arrigoni, Simone, 2024. "Who gets the flow? Financial globalisation and wealth inequality," Journal of Macroeconomics, Elsevier, vol. 81(C).
    286. Giuzio, Margherita & Kapadia, Sujit & Kaufmann, Christoph & Storz, Manuela & Weistroffer, Christian, 2025. "Macroprudential policy, monetary policy and non-bank financial intermediation," Working Paper Series 3130, European Central Bank.
    287. James Cloyne & Òscar Jordà & Sanjay R. Singh & Alan M. Taylor, 2025. "Asset Prices and Credit with Diagnostic Expectations," Working Paper Series 2025-15, Federal Reserve Bank of San Francisco.
    288. Kopecky, Joseph, 2022. "The age for austerity? Population age structure and fiscal consolidation multipliers," Journal of Macroeconomics, Elsevier, vol. 73(C).
    289. Huntington, Hillard & Liddle, Brantley, 2022. "How energy prices shape OECD economic growth: Panel evidence from multiple decades," Energy Economics, Elsevier, vol. 111(C).
    290. Quincy, Sarah, 2022. "Income shocks and housing spillovers: Evidence from the World War I Veterans’ Bonus," Journal of Urban Economics, Elsevier, vol. 132(C).
    291. Yuriy Bilan & Maryna Brychko & Anna Buriak & Tetyana Vasilyeva, 2019. "Financial, business and trust cycles: the issues of synchronization," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(1), pages 113-138.
    292. Rottner, Matthias, 2023. "Financial crises and shadow banks: A quantitative analysis," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 74-92.
    293. Taylor, Alan M. & Jordà , Òscar, 2019. "Riders on the Storm," CEPR Discussion Papers 13978, C.E.P.R. Discussion Papers.
    294. Andreas Greiner & Katharina Steiner & Walter Waschiczek, 2019. "The recent upswing in corporate loan growth in Austria – a first risk assessment," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 38, pages 56-73.
    295. Giorgos Gouzoulis, 2023. "What do indebted employees do? Financialisation and the decline of industrial action," Industrial Relations Journal, Wiley Blackwell, vol. 54(1), pages 71-94, January.
    296. Müller Karsten, 2025. "Mit der Global Macro Database langfristige Trends und Kosten von Finanzkrisen erkennen," Wirtschaftsdienst, Sciendo, vol. 105(11), pages 847-850.
    297. Emanuele Ciola, 2020. "Financial sector bargaining power, aggregate growth and systemic risk," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 15(1), pages 89-109, January.
    298. Sergeyev, Dmitriy & Mehrotra, Neil, 2020. "Debt Sustainability in a Low Interest Rate World," CEPR Discussion Papers 15282, C.E.P.R. Discussion Papers.
    299. Karol Szomolanyi & Martin Lukacik & Adriana Lukacikova, 2025. "Macroeconomic performance of European Union's small open economies during the COVID-19 pandemic," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 33(3), pages 757-790, September.
    300. Mara Leticia Rojas, 2020. "La economía argentina ayer y hoy: hechos estilizados y des-estilizados," Asociación Argentina de Economía Política: Working Papers 4400, Asociación Argentina de Economía Política.
    301. Boberg-Fazlic, Nina & Lampe, Markus & Pedersen, Maja Uhre & Sharp, Paul, 2020. "Pandemics and Protectionism: Evidence from the “Spanish” flu," CAGE Online Working Paper Series 479, Competitive Advantage in the Global Economy (CAGE).
    302. Marc C. Adam, 2020. "The Corona Crisis - is this the time for Helicopter Money?," Basic Papers 1, Forum New Economy, revised Apr 2020.
    303. Hünnekes, Franziska & Konradt, Maximilian & Schularick, Moritz & Trebesch, Christoph & Wingenbach, Julian, 2023. "Exportweltmeister: Germany's Foreign Investment Returns in International Comparison," Kiel Working Papers 2133, Kiel Institute for the World Economy, revised 2023.
    304. Esti Kemp & Rene van Stralen & Alexandros Vardoulakis & Peter J. Wierts, 2018. "The Non-Bank Credit Cycle," Finance and Economics Discussion Series 2018-076, Board of Governors of the Federal Reserve System (U.S.).
    305. Sefa Awaworyi Churchill & Kris Ivanovski & Kwabena Mintah & Quanda Zhang, 2023. "The impact of financial development on house prices," The World Economy, Wiley Blackwell, vol. 46(10), pages 3154-3181, October.
    306. Schüler, Yves S., 2018. "On the cyclical properties of Hamilton's regression filter," Discussion Papers 03/2018, Deutsche Bundesbank.
    307. Schuler, Tobias & Sun, Yiqiao, 2022. "The current account and monetary policy in the euro area," Working Paper Series 2696, European Central Bank.
    308. Audit, Dooneshsingh & Alam, Nafis, 2022. "Why have credit variables taken centre stage in predicting systemic banking crises?," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(1).
    309. Sebastian Kohl & Alexander Spielau, 2022. "Centring construction in the political economy of housing: variegated growth regimes after the Keynesian construction state," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 46(3), pages 465-490.
    310. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2021. "Superstar Returns," Staff Reports 999, Federal Reserve Bank of New York.
    311. Thomas Hauner, 2020. "Aggregate wealth and its distribution as determinants of financial crises," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 18(3), pages 319-338, September.
    312. Francisco Amaral & Martin Dohmen & Sebastian Kohl & Moritz Schularick, 2025. "Superstar Returns? Spatial Heterogeneity in Returns to Housing," Post-Print hal-05448313, HAL.
    313. Tambakis, D., 2020. "A Markov-Chain Measure of Systemic Banking Crisis Frequency," Cambridge Working Papers in Economics 2083, Faculty of Economics, University of Cambridge.
    314. Albertazzi, Ugo & Hooft, James ’t & Ter Steege, Lucas, 2025. "The causal effect of inflation on financial stability, evidence from history," Working Paper Series 3108, European Central Bank.
    315. Andrea Tafuro, 2024. "Lagging behind: the hysteresis of austerity," Empirical Economics, Springer, vol. 66(1), pages 327-368, January.
    316. Dirk Dohse & Rajeev K. Goel & James W. Saunoris, 2023. "Patenting uncertainty and its impact on innovation: evidence from the United States," The Journal of Technology Transfer, Springer, vol. 48(5), pages 1839-1859, October.
    317. Carlo Wix, 2023. "The Long-Run Real Effects of Banking Crises: Firm-Level Investment Dynamics and the Role of Wage Rigidity," Finance and Economics Discussion Series 2023-019, Board of Governors of the Federal Reserve System (U.S.).
    318. Bouvatier, Vincent & Delatte, Anne-Laure & Rehault, Pierre-Nicolas, 2022. "Measuring credit procyclicality: A new database," Emerging Markets Review, Elsevier, vol. 52(C).
    319. Gross, Marco, 2022. "Beautiful cycles: A theory and a model implying a curious role for interest," Economic Modelling, Elsevier, vol. 106(C).
    320. Jakir Hussain Mazumder & Bharat Diwakar, 2025. "Is Population Aging Deflationary in Developing Countries?," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 23(2), pages 409-450, June.
    321. Patella, Valeria & Tancioni, Massimiliano, 2021. "Confidence Swings and Sovereign Risk Dynamics," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 195-206.
    322. Simona Malovaná & Josef Bajzík & Dominika Ehrenbergerová & Jan Janků, 2023. "A prolonged period of low interest rates in Europe: Unintended consequences," Journal of Economic Surveys, Wiley Blackwell, vol. 37(2), pages 526-572, April.
    323. Sturn, Simon & Epstein, Gerald, 2021. "How much should we trust five-year averaging to purge business cycle effects? A reassessment of the finance-growth and capital accumulation-unemployment nexus," Economic Modelling, Elsevier, vol. 96(C), pages 242-256.
    324. Schüler, Yves S., 2018. "Detrending and financial cycle facts across G7 countries: mind a spurious medium term!," Working Paper Series 2138, European Central Bank.
    325. Jonas Ljungberg, 2025. "European consumer price indices since 1870," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 19(1), pages 29-80, January.
    326. policy, Work stream on macroprudential & Albertazzi, Ugo & Martin, Alberto & Assouan, Emmanuelle & Tristani, Oreste & Galati, Gabriele & Vlassopoulos, Thomas, 2021. "The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area," Occasional Paper Series 272, European Central Bank.
    327. Moramarco, Graziano, 2024. "Financial-cycle ratios and medium-term predictions of GDP: Evidence from the United States," International Journal of Forecasting, Elsevier, vol. 40(2), pages 777-795.
    328. Gallegati, Marco & Delli Gatti, Domenico, 2018. "Macrofinancial imbalances in historical perspective: A global crisis index," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 190-205.
    329. Kai Arvai & Ricardo Duque Gabriel, 2024. "Gains from Commitment: The Case for Pegging the Exchange Rate," Working papers 974, Banque de France.
    330. Hellwagner, Timon & Weber, Enzo, 2021. "Labour Market Adjustments to Population Decline," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242455, Verein für Socialpolitik / German Economic Association.
    331. Carolin Schmidt, 2018. "Home is where the health is: Housing and adult height from the late 19th to the mid-20th centuries," ERES eres2018_33, European Real Estate Society (ERES).
    332. Claudio Borio & Boris Hofmann, 2017. "Is monetary policy less effective when interest rates are persistently low?," BIS Working Papers 628, Bank for International Settlements.
    333. Stefan Behrendt, 2017. "Low Long-Term Interest Rates - An alternative View," Jena Economics Research Papers 2017-001, Friedrich-Schiller-University Jena.
    334. Sofie R. Waltl & Anthony Lepinteur, 2025. "Tracking Home-Owners’ Sentiments: Subjective Indices and Convergent Validity," The Journal of Real Estate Finance and Economics, Springer, vol. 70(4), pages 706-734, May.
    335. Sabaté, Marcela & Fillat, Carmen & Escario, Regina, 2019. "Budget deficits and money creation: Exploring their relation before Bretton Woods," Explorations in Economic History, Elsevier, vol. 72(C), pages 38-56.
    336. Sebastian Kohl & Matthias Römer, 2025. "Insurance demand: a historical long-run perspective (1850–2020)," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 50(3), pages 595-618, July.
    337. Stefan Gebauer, 2017. "The Use of Financial Market Variables in Forecasting," DIW Roundup: Politik im Fokus 115, DIW Berlin, German Institute for Economic Research.
    338. Gram, Dennis & Karapanagiotis, Pantelis & Krzyzanowski, Jan & Liebald, Marius & Walz, Uwe, 2021. "An extensible model for historical financial data with an application to German company and stock market data," SAFE Working Paper Series 300, Leibniz Institute for Financial Research SAFE.
    339. Abebe Hailemariam & Sefa Awaworyi Churchill & Russell Smyth & Kingsley Tetteh Baako, 2021. "Income inequality and housing prices in the very long‐run," Southern Economic Journal, John Wiley & Sons, vol. 88(1), pages 295-321, July.
    340. Alina Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike Steins, 2025. "The Distribution of Household Debt in the United States, 1950-2022," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 57, July.
    341. Hiebert, Paul & Jaccard, Ivan & Schüler, Yves, 2018. "Contrasting financial and business cycles: Stylized facts and candidate explanations," Journal of Financial Stability, Elsevier, vol. 38(C), pages 72-80.
    342. Monroy-Taborda Sebastián, 2023. "Bank Runs and Inequality," Asociación Argentina de Economía Política: Working Papers 4672, Asociación Argentina de Economía Política.
    343. Karras, Georgios, 2019. "Are “twin deficits” asymmetric? Evidence on government budget and current account balances, 1870–2013," International Economics, Elsevier, vol. 158(C), pages 12-24.
    344. Kopecky, Joseph, 2023. "Population age structure and secular stagnation: Evidence from long run data," The Journal of the Economics of Ageing, Elsevier, vol. 24(C).
    345. Baltussen, Guido & Swinkels, Laurens & Van Vliet, Pim, 2021. "Global factor premiums," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1128-1154.
    346. Yu, Zhen & Liu, Wei & Yang, Fuyu, 2023. "A central bankers’ sentiment index of global financial cycle," Finance Research Letters, Elsevier, vol. 57(C).
    347. Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2018. "Changing credit limits, changing business cycles," European Economic Review, Elsevier, vol. 102(C), pages 211-239.
    348. Ruben van der Helm & Jan Bartman, 2019. "Making available data more useable: compilation and publication of break-adjusted (historical) time series," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Are post-crisis statistical initiatives completed?, volume 49, Bank for International Settlements.
    349. Sabes, David & Sahuc, Jean-Guillaume, 2023. "Do yield curve inversions predict recessions in the euro area?," Finance Research Letters, Elsevier, vol. 52(C).
    350. Moritz Schularick, 2021. "Corporate indebtedness and macroeconomic stabilisation from a long-term perspective," ECONtribute Policy Brief Series 024, University of Bonn and University of Cologne, Germany.
    351. Ho, Tai-kuang & Yeh, Kuo-chun, 2019. "Were capital flows the culprit in the Weimar economic crisis?," Explorations in Economic History, Elsevier, vol. 74(C).
    352. Friedrich Lucke, 2022. "The Great Moderation and the Financial Cycle," Working Papers REM 2022/0238, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    353. Manuel Garcia-Santana & Josep Pijoan-Mas & Lucciano Villacorta, 2018. "Investment and Saving along the Development Path," 2018 Meeting Papers 870, Society for Economic Dynamics.
    354. Dichtl, Hubert & Drobetz, Wolfgang & Otto, Tizian, 2023. "Forecasting Stock Market Crashes via Machine Learning," Journal of Financial Stability, Elsevier, vol. 65(C).
    355. Aikman, David & Kiley, Michael & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2017. "Mapping heat in the U.S. financial system," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 36-64.
    356. Yannis Dafermos & Daniela Gabor & Jo Michell, 2023. "Institutional supercycles: an evolutionary macro-finance approach," New Political Economy, Taylor & Francis Journals, vol. 28(5), pages 693-712, September.
    357. Marina Khismatullina & Michael Vogt, 2022. "Multiscale Comparison of Nonparametric Trend Curves," Papers 2209.10841, arXiv.org.

  22. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Leveraged Bubbles," CESifo Working Paper Series 5489, CESifo.

    Cited by:

    1. Alberto Martin & Jaume Ventura, 2017. "The macroeconomics of rational bubbles: a user's guide," Economics Working Papers 1581, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 2018.
    2. Moritz Schularick, 2022. "New perspectives on monetary policy," Working Papers 3, Forum New Economy.
    3. Ozlem Akin & José M. Marín & José-Luis Peydró, 2016. "Anticipating the financial crisis: Evidence from insider trading in banks," Economics Working Papers 1524, Department of Economics and Business, Universitat Pompeu Fabra.
    4. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    5. Michael Funke & Robert Kirkby & Petar Mihaylovski, 2017. "House Prices and Macroprudential Policy in an Estimated DSGE Model of New Zealand," CESifo Working Paper Series 6487, CESifo.
    6. Sami Alpanda & Alexander Ueberfeldt, 2016. "Should Monetary Policy Lean Against Housing Market Booms?," Staff Working Papers 16-19, Bank of Canada.
    7. Meller, Barbara & Metiu, Norbert, 2017. "The synchronization of credit cycles," Journal of Banking & Finance, Elsevier, vol. 82(C), pages 98-111.
    8. Virtanen, Timo & Tölö, Eero & Virén, Matti & Taipalus, Katja, 2017. "Use of unit root methods in early warning of financial crises," ESRB Working Paper Series 45, European Systemic Risk Board.
    9. Balcilar, Mehmet & Katzke, Nico & Gupta, Rangan, 2017. "Date-stamping US housing market explosivity," Economics Discussion Papers 2017-44, Kiel Institute for the World Economy.
    10. Claudio Battiati, 2017. "R&D, growth, and macroprudential policy in an economy undergoing boom-bust cycles," Bank of Lithuania Working Paper Series 48, Bank of Lithuania.
    11. Verona, Fabio & Martins, Manuel M.F. & Drumond, Inês, 2017. "Financial shocks, financial stability, and optimal Taylor rules," Journal of Macroeconomics, Elsevier, vol. 54(PB), pages 187-207.
    12. Balcilar, Mehmet & Gupta, Rangan & Jooste, Charl & Wohar, Mark E., 2016. "Periodically collapsing bubbles in the South African stock market," Research in International Business and Finance, Elsevier, vol. 38(C), pages 191-201.
    13. Kuhn, Moritz & Bartscher, Alina & Schularick, Moritz & Wachtel, Paul, 2021. "Monetary policy and racial inequality," CEPR Discussion Papers 15734, C.E.P.R. Discussion Papers.
    14. Behn, Markus & Detken, Carsten & Peltonen, Tuomas A. & Schudel, Willem, 2016. "Predicting vulnerabilities in the EU banking sector: the role of global and domestic factors," ESRB Working Paper Series 29, European Systemic Risk Board.
    15. Gunther Schnabl, 2016. "Exchange Rate Regime, Financial Market Bubbles and Long-Term Growth in China: Lessons from Japan," CESifo Working Paper Series 5902, CESifo.
    16. Charles W. Calomiris & Matthew Jaremski, 2016. "Deposit Insurance: Theories and Facts," NBER Working Papers 22223, National Bureau of Economic Research, Inc.
    17. Hanson, Andrew & Phan, Toan, 2017. "Bubbles, wage rigidity, and persistent slumps," Economics Letters, Elsevier, vol. 151(C), pages 66-70.
    18. Alfred Duncan & Charles Nolan, 2017. "Financial Frictions in Macroeconomic Models," Studies in Economics 1719, School of Economics, University of Kent.
    19. Markus Leibrecht & Johann Scharler, 2017. "Financial Crises and the Composition of Public Finances: Evidence from OECD Countries," ICMA Centre Discussion Papers in Finance icma-dp2017-04, Henley Business School, University of Reading.
    20. Andrea Gazzani, 2020. "News and noise bubbles in the housing market," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 46-72, April.
    21. Federico Favaretto & Donato Masciandaro, 2022. "Populism, financial crises and banking policies: Economics and psychology," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(4), pages 441-464, September.
    22. Ardila, Diego & Sornette, Didier, 2016. "Dating the financial cycle with uncertainty estimates: a wavelet proposition," Finance Research Letters, Elsevier, vol. 19(C), pages 298-304.
    23. Tng Boon Hwa & Mala Raghavan & Teh Tian Huey, 2017. "Macroeconomic surveillance of portfolio flows and its real effects: Malaysia's experience," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Statistical implications of the new financial landscape, volume 43, Bank for International Settlements.
    24. Bjarni G. Einarsson & Kristófer Gunnlaugsson & Thorvardur Tjörvi Ólafsson & Thórarinn G. Pétursson, 2016. "The long history of financial boom-bust cycles in Iceland - Part II: Financial cycles," Economics wp72, Department of Economics, Central bank of Iceland.
    25. Rey, Hélène & Miranda-Agrippino, Silvia, 2015. "World Asset Markets and the Global Financial Cycle," CEPR Discussion Papers 10936, C.E.P.R. Discussion Papers.
    26. Caspi, Itamar & Graham, Meital, 2017. "Testing for Bubbles in Stock Markets with Irregular Dividend Distribution," MPRA Paper 82261, University Library of Munich, Germany, revised 29 Oct 2017.
    27. Vítor Martins & Alessandro Turrini & Bořek Vašíček & Madalina Zamfir, 2021. "Euro Area Housing Markets: Trends, Challenges and Policy Responses," European Economy - Discussion Papers 147, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    28. Christophe Blot & Jérôme Creel & Paul Hubert, 2019. "Thoughts on a review of the ECB's monetary policy strategy," Sciences Po Economics Publications (main) hal-03403251, HAL.
    29. Jacopo Bonchi, 2023. "Asset Price Bubbles and Monetary Policy: Revisiting the Nexus at the Zero Lower Bound," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 47, pages 186-203, January.
    30. Hwa, Tng Boon & Raghavan, Mala & Huey, Teh Tian, 2017. "Macro-financial effects of portfolio flows: Malaysia’s experience," Working Papers 2017-07, University of Tasmania, Tasmanian School of Business and Economics.
    31. Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2017. "Structure of Income Inequality and Household Leverage: Theory and Cross-Country Evidence," Working Papers 2017-01, CEPII research center.
    32. Joshua Aizenman & Yothin Jinjarak & Huanhuan Zheng, 2016. "House Valuations and Economic Growth: Some International Evidence," NBER Working Papers 22699, National Bureau of Economic Research, Inc.
    33. Aikman, David & Kiley, Michael & Lee, Seung Jung & Palumbo, Michael G. & Warusawitharana, Missaka, 2017. "Mapping heat in the U.S. financial system," Journal of Banking & Finance, Elsevier, vol. 81(C), pages 36-64.
    34. Pascal Paul, 2019. "The Time-Varying Effect of Monetary Policy on Asset Prices," Working Paper Series 2017-09, Federal Reserve Bank of San Francisco.

  23. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," CESifo Working Paper Series 4993, CESifo.

    Cited by:

    1. Xavier Freixas & Luz Mary Pinzón, 2025. "Does Local Credit Matter? The Spanish Case," Working Papers 1512, Barcelona School of Economics.
    2. Giovanni Dosi & Marcelo Pereira & Andrea Roventini & Maria Enrica Virgillito, 2018. "What if supply-side policies are not enough ? The perverse interaction of flexibility and austerity," Sciences Po Economics Publications (main) hal-03458460, HAL.
    3. Hristov, Nikolay & Roth, Markus, 2019. "Uncertainty shocks and financial crisis indicators," Discussion Papers 36/2019, Deutsche Bundesbank.
    4. Kristijan Kotarski & Milan Deskar-Škrbiæ, 2016. "Transcending the new macroeconomic orthodoxy in the Eurozone: a Post-Keynesian view," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(2), pages 419-441.
    5. Punzi, Maria Teresa, 2016. "Financial cycles and co-movements between the real economy, finance and asset price dynamics in large-scale crises," FinMaP-Working Papers 61, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    6. Dia, Enzo & VanHoose, David, 2017. "Banking in macroeconomic theory and policy," Journal of Macroeconomics, Elsevier, vol. 54(PB), pages 149-160.
    7. Funke, Michael & Sun, Rongrong & Zhu, Linxu, 2018. "The credit risk of Chinese households: A micro-level assessment," BOFIT Discussion Papers 12/2018, Bank of Finland Institute for Emerging Economies (BOFIT).
    8. Rafiq, Shuddhasattwa, 2022. "How did house and stock prices respond to different crisis episodes since the 1870s?," Economic Modelling, Elsevier, vol. 114(C).
    9. Atif Mian & Ludwig Straub & Amir Sufi, 2020. "Indebted Demand," CESifo Working Paper Series 8210, CESifo.
    10. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    11. Josh Ryan-Collins, 2015. "Is Monetary Financing Inflationary? A Case Study of the Canadian Economy, 1935-75," Economics Working Paper Archive wp_848, Levy Economics Institute.
    12. Antonis Adam & Thomas Moutos, 2023. "Do Public Sector Employment Reductions Promote Informality?," CESifo Working Paper Series 10614, CESifo.
    13. Atif Mian & Amir Sufi & Emil Verner, 2020. "How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels," Journal of Finance, American Finance Association, vol. 75(2), pages 949-994, April.
    14. Robin Döttling & Enrico Perotti, 2020. "Secular Trends and Technological Progress," ECONtribute Discussion Papers Series 006, University of Bonn and University of Cologne, Germany.
    15. Gertjan Wijburg & Manuel B. Aalbers, 2017. "The alternative financialization of the German housing market," Housing Studies, Taylor & Francis Journals, vol. 32(7), pages 968-989, October.
    16. Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2021. "Structure of income inequality and household leverage : Cross-country causal evidence," Post-Print halshs-03099741, HAL.
    17. Pontines, Victor, 2017. "The financial cycles in four East Asian economies," Economic Modelling, Elsevier, vol. 65(C), pages 51-66.
    18. Oguzhan Cepni & Yavuz Selim Hacihasanoglu & Muhammed Hasan Yilmaz, 2020. "Credit decomposition and economic activity in Turkey: A wavelet-based approach," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 20(3), pages 109-131.
    19. Chiara Perillo & Stefano Battiston, 2020. "Financialization and unconventional monetary policy: a financial-network analysis," Journal of Evolutionary Economics, Springer, vol. 30(5), pages 1385-1428, November.
    20. Daniel Carvalho, 2022. "Intra-financial assets and the intermediation role of the financial sector," Trinity Economics Papers tep0622, Trinity College Dublin, Department of Economics.
    21. Asad Nisar & Rabia Rafique, 2025. "Fiscal strategies for sustainable debt management in developing economies: dynamic common correlated effects approach," Economic Change and Restructuring, Springer, vol. 58(4), pages 1-31, August.
    22. Basten, Christoph & Ongena, Steven, 2024. "Mortgage lending through a fintech web platform. The roles of competition, diversification, and automation," Journal of Banking & Finance, Elsevier, vol. 163(C).
    23. Bjarni G. Einarsson & Kristófer Gunnlaugsson & Thorvardur Tjörvi Ólafsson & Thórarinn G. Pétursson, 2016. "Small open economies in the vast oceanof global high finance," Economics wp73, Department of Economics, Central bank of Iceland.
    24. Martin Gachter & Elias Hasler & Florian Huber, 2023. "A tale of two tails: 130 years of growth-at-risk," Papers 2302.08920, arXiv.org.
    25. Shang, Longfei & Saffar, Walid, 2023. "Employment Protection and Household Mortgage Debt," Journal of Banking & Finance, Elsevier, vol. 149(C).
    26. António Afonso & José Alves & Serena Ionta, 2023. "Monetary policy surprises shocks under different fiscal regimes: a panel analysis of the Euro Area," Working Papers REM 2023/0284, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    27. Florian Botte & Laurent Cordonnier & Thomas Dallery & Vincent Duwicquet & Jordan Melmies & Franck van de Velde, 2017. "The cost of capital: between losses and diversion of wealth [Le coût du capital : entre pertes et détournement de richesses]," Working Papers hal-01711157, HAL.
    28. Rünstler, Gerhard, 2016. "How distinct are financial cycles from business cycles?," Research Bulletin, European Central Bank, vol. 26.
    29. Iñaki Aldasoro & Stefan Avdjiev & Claudio Borio & Piti Disyatat, 2023. "Global and Domestic Financial Cycles: Variations on a Theme," International Journal of Central Banking, International Journal of Central Banking, vol. 19(5), pages 49-98, December.
    30. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2020. "Does mortgage lending impact business credit? Evidence from a new disaggregated bank credit data set," Journal of Banking & Finance, Elsevier, vol. 113(C).
    31. Gianni La Cava & Lydia Wang, 2021. "The Rise in Household Liquidity," RBA Research Discussion Papers rdp2021-10, Reserve Bank of Australia.
    32. Kuvshinov, Dmitry & Richter, Björn & Zimmermann, Kaspar, 2022. "The shifts and the shocks: bank risk, leverage, and the macroeconomy," Working Paper Series 2672, European Central Bank.
    33. Octavio Fernández-Amador & Martin Gächter & Friedrich Sindermann, 2016. "Finance-augmented business cycles: A robustness check," Economics Bulletin, AccessEcon, vol. 36(1), pages 132-144.
    34. Lukáš Fiala, 2021. "Modelling of mortgage debt´s determinants: the case of the Czech Republic," FFA Working Papers 4.002, Prague University of Economics and Business, revised 15 Jan 2022.
    35. Giacomo Rella, 2021. "The Fed, housing and household debt over time," Department of Economics University of Siena 850, Department of Economics, University of Siena.
    36. Baur, Dirk, 2019. "Monopoly in Real Life - The Housing Market, Finance and Inequality," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203547, Verein für Socialpolitik / German Economic Association.
    37. John Muellbauer, 2016. "Macroeconomics and Consumption," Economics Series Working Papers Paper-811, University of Oxford, Department of Economics.
    38. Farmer, J. Doyne & Carro, Adrian & Hinterschweiger, Marc & Uluc, Arzu, 2022. "Heterogeneous Effects and Spillovers of Macroprudential Policy in an Agent-Based Model of the UK Housing Market," INET Oxford Working Papers 2022-06, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    39. Engelbert Stockhammer & Giorgos Gouzoulis & Rob Calvert Jump, 2019. "Debt-driven business cycles in historical perspective: The cases of the USA (1889-2015) and UK (1882-2010)," Working Papers PKWP1907, Post Keynesian Economics Society (PKES).
    40. Sofoklis Vogiazas & Constantinos Alexiou, 2017. "Determinants of Housing Prices and Bubble Detection: Evidence from Seven Advanced Economies," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 45(1), pages 119-131, March.
    41. Brandão-Marques, Luis & Chen, Qianying & Raddatz, Claudio & Vandenbussche, Jérôme & Xie, Peichu, 2022. "The riskiness of credit allocation and financial stability," Journal of Financial Intermediation, Elsevier, vol. 51(C).
    42. Mueller, Holger & Giroud, Xavier, 2018. "Firm Leverage and Regional Business Cycles," CEPR Discussion Papers 13355, C.E.P.R. Discussion Papers.
    43. Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2018. "The janus-faced nature of debt: results from a data-driven cointegrated svar approach," Post-Print hal-03471585, HAL.
    44. Engelbert Stockhammer & Giorgos Gouzoulis, 2023. "Debt-GDP cycles in historical perspective: the case of the USA (1889–2014)," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 32(2), pages 317-335.
    45. Ambrosius, Christian, 2017. "What explains the speed of recovery from banking crises?," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 257-287.
    46. Albertazzi, Ugo & Barbiero, Francesca & Marqués-Ibáñez, David & Popov, Alexander & Rodriguez d’Acri, Costanza & Vlassopoulos, Thomas, 2020. "Monetary policy and bank stability: the analytical toolbox reviewed," Working Paper Series 2377, European Central Bank.
    47. Paul Wachtel, 2017. "Credit Deepening: Precursor to growth or crisis?," Working Papers 17-04, New York University, Leonard N. Stern School of Business, Department of Economics.
    48. Schüler, Yves S. & Hiebert, Paul P. & Peltonen, Tuomas A., 2020. "Financial cycles: Characterisation and real-time measurement," Journal of International Money and Finance, Elsevier, vol. 100(C).
    49. Mathias Klein, 2017. "Austerity and Private Debt," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1555-1585, October.
    50. Berrak Bahadir & Neven Valev, 2023. "Global Liquidity and Household Credit Growth," Open Economies Review, Springer, vol. 34(5), pages 1039-1061, November.
    51. Peter Eckley & Matteo Benetton & Georgia Latsi & Nicola Garbarino & Liam Kirwin, 2017. "Specialisation in mortgage risk under Basel II," Bank of England working papers 639, Bank of England.
    52. Indrani Manna & Martin Suster & Biswajit Banerjee, 2022. "House Price Expectations, Household Indebtedness and Macroprudential Policy in Slovakia," Working and Discussion Papers WP 5/2022, Research Department, National Bank of Slovakia.
    53. Benetton, Matteo & Eckley, Peter & Garbarino, Nicola & Kirwin, Liam & Latsi, Georgia, 2021. "Capital requirements and mortgage pricing: Evidence from Basel II," Journal of Financial Intermediation, Elsevier, vol. 48(C).
    54. Graziano Moramarco, 2021. "Financial-cycle ratios and medium-term predictions of GDP: Evidence from the United States," Papers 2111.00822, arXiv.org, revised Jan 2024.
    55. Jun Nagayasu, 2021. "Life Cycles and Gender in Residential Mobility Decisions," The Journal of Real Estate Finance and Economics, Springer, vol. 62(3), pages 370-401, April.
    56. Bahadir, Berrak & Valev, Neven, 2017. "Catching up or drifting apart: Convergence of household and business credit in Europe," International Review of Economics & Finance, Elsevier, vol. 47(C), pages 101-114.
    57. Piazzesi, M. & Schneider, M., 2016. "Housing and Macroeconomics," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1547-1640, Elsevier.
    58. Dong, Ding & Liu, Zheng & Wang, Pengfei & Zha, Tao, 2022. "A theory of housing demand shocks," Journal of Economic Theory, Elsevier, vol. 203(C).
    59. Pavlidis, Efthymios G. & Vasilopoulos, Kostas, 2020. "Speculative bubbles in segmented markets: Evidence from Chinese cross-listed stocks," Journal of International Money and Finance, Elsevier, vol. 109(C).
    60. Lars E.O. Svensson, 2017. "Leaning Against the Wind: The Role of Different Assumptions About the Costs," NBER Working Papers 23745, National Bureau of Economic Research, Inc.
    61. David Finck & Joerg Schmidt & Peter Tillmann, 2018. "Mortgage Debt and Time-Varying Monetary Policy Transmission," MAGKS Papers on Economics 201809, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    62. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2022. "The big bang: Stock market capitalization in the long run," Journal of Financial Economics, Elsevier, vol. 145(2), pages 527-552.
    63. Pedrosa, Ítalo & Brochier, Lídia & Freitas, Fabio, 2023. "Debt hierarchy: Autonomous demand composition, growth and indebtedness in a Supermultiplier model," Economic Modelling, Elsevier, vol. 126(C).
    64. Svensson, Lars E.O., 2017. "Leaning Against the Wind: Costs and Benefits, Effects on Debt, Leaning in DSGE Models, and a Framework for Comparison of Result," CEPR Discussion Papers 12226, C.E.P.R. Discussion Papers.
    65. Filippo Gusella & Engelbert Stockhammer, 2020. "Testing fundamentalist-momentum trader financial cycles. An empirical analysis via the Kalman filter," Working Papers PKWP2009, Post Keynesian Economics Society (PKES).
    66. Laeven, Luc & Perez-Quiros, Gabriel & Rivas, María Dolores Gadea, 2020. "Growth-and-risk trade-off," Working Paper Series 2397, European Central Bank.
    67. Ongena, Steven & Basten, Christoph, 2020. "The Geography of Mortgage Lending in Times of FinTech," CEPR Discussion Papers 14918, C.E.P.R. Discussion Papers.
    68. John Muellbauer, 2024. "Housing and Macroprudential Policy," Economics Series Working Papers 1056, University of Oxford, Department of Economics.
    69. Bedayo, Mikel & Estrada, Ángel & Saurina, Jesús, 2020. "Bank capital, lending booms, and busts: Evidence from Spain over the last 150 years," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 1(1).
    70. Sean Hundtofte, 2017. "Does going easy on distressed banks help the macroeconomy?," Staff Reports 823, Federal Reserve Bank of New York.
    71. Konstantin A. Kholodilin & Sebastian Kohl & Florian Müller, 2023. "Government-Made House Price Bubbles? Austerity, Homeownership, Rental, and Credit Liberalization Policies and the “Irrational Exuberance” on Housing Markets," Discussion Papers of DIW Berlin 2061, DIW Berlin, German Institute for Economic Research.
    72. Samatas, Andreas & Makrominas, Michalis & Moro, Andrea, 2019. "Financial intermediation, capital composition and income stagnation: The case of Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 162(C), pages 273-289.
    73. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2015. "Going to Extremes: Politics after Financial Crises, 1870-2014," CESifo Working Paper Series 5553, CESifo.
    74. Schularick, Moritz & Ferguson, Niall & Schaab, Andreas, 2015. "Central Bank Balance Sheets: Expansion and Reduction since 1900," CEPR Discussion Papers 10635, C.E.P.R. Discussion Papers.
    75. Robin Döttling & Enrico Perotti, 2015. "Mortgage Finance and Technological Change," Tinbergen Institute Discussion Papers 15-079/IV, Tinbergen Institute.
    76. Franziska Bremus & Thomas Krause & Felix Noth, 2021. "Lender-Specific Mortgage Supply Shocks and Macroeconomic Performance in the United States," Discussion Papers of DIW Berlin 1936, DIW Berlin, German Institute for Economic Research.
    77. Robert J. Hill & Miriam Steurer, 2020. "Commercial Property Price Indices and Indicators: Review and Discussion of Issues Raised in the CPPI Statistical Report of Eurostat (2017)," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(3), pages 736-751, September.
    78. Chiang, Shu-hen & Suardi, Sandy & Chen, Chien-Fu, 2025. "Navigating shifting tides: Time-varying monetary policy spillovers in core-peripheral housing markets in the Euro area," Journal of Housing Economics, Elsevier, vol. 69(C).
    79. Jiří Rajl, 2019. "The Impact of Regulatory Measures on the Development of Household Indebtedness," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2019(1), pages 5-23.
    80. Ahlfeldt, Gabriel M. & Szumilo, Nikodem & Tripathy, Jagdish, 2024. "Housing-consumption channel of mortgage demand," LSE Research Online Documents on Economics 126802, London School of Economics and Political Science, LSE Library.
    81. Kelly, Robert & McCann, Fergal, 2016. "Some defaults are deeper than others: Understanding long-term mortgage arrears," Journal of Banking & Finance, Elsevier, vol. 72(C), pages 15-27.
    82. Erlend Eide Bø, 2020. "Taxation of Housing: Killing Several Birds with One Stone," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 66(3), pages 534-557, September.
    83. Fabienne Helfer & Volker Grossmann & Aderonke Osikominu, 2023. "How does immigration affect housing costs in Switzerland?," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 159(1), pages 1-31, December.
    84. Heinger, Sandro & Koeniger, Winfried & Lechner, Michael, 2022. "The Heterogeneous Response of Real Estate Asset Prices to a Global Shock," Economics Working Paper Series 2214, University of St. Gallen, School of Economics and Political Science.
    85. Hamed Ghiaie & Jean-François Rouillard, 2018. "Housing Taxation and Financial Intermediation," Cahiers de recherche 18-01, Departement d'économique de l'École de gestion à l'Université de Sherbrooke, revised Nov 2018.
    86. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Macrofinancial History and the New Business Cycle Facts," NBER Working Papers 22743, National Bureau of Economic Research, Inc.
    87. Lukáš Fiala, 2022. "Modelling Household Mortgage Debt: the case of the Czech Republic," Prague Economic Papers, Prague University of Economics and Business, vol. 2022(6), pages 443-463.
    88. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Leveraged bubbles," Working Paper Series 2015-10, Federal Reserve Bank of San Francisco.
    89. Luis Bauluz & Filip Novokmet & Moritz Schularick, 2022. "The Anatomy of the Global Saving Glut," CESifo Working Paper Series 9732, CESifo.
    90. Hyun Hak Kim, 2022. "A dynamic analysis of household debt using a self-organizing map," Empirical Economics, Springer, vol. 62(6), pages 2893-2919, June.
    91. Samba Mbaye & Ms. Marialuz Moreno Badia & Kyungla Chae, 2018. "Global Debt Database: Methodology and Sources," IMF Working Papers 2018/111, International Monetary Fund.
    92. Jonas Meuli & Thomas Nellen & Thomas Nitschka, 2021. "Covered bonds, loan growth and bank funding: The Swiss experience since 1932," International Finance, Wiley Blackwell, vol. 24(1), pages 77-94, April.
    93. Eszter Baranyai & Ádám Banai, 2022. "Heat projections and mortgage characteristics: evidence from the USA," Climatic Change, Springer, vol. 175(3), pages 1-20, December.
    94. Espinosa-Vega, Marco A. & Russell, Steven, 2020. "Interconnectedness, systemic crises, and recessions," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 1(1).
    95. Drehmann, Mathias & Juselius, Mikael & Korinek, Anton, 2017. "Accounting for debt service: The painful legacy of credit booms," Bank of Finland Research Discussion Papers 12/2017, Bank of Finland.
    96. Zhang, Lu & Bezemer, Dirk, 2015. "A global house of debt effect? Mortgages and post-crisis recessions in fifty economies," Research Report 15009-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    97. Rünstler, Gerhard & Vlekke, Marente, 2016. "Business, housing and credit cycles," Working Paper Series 1915, European Central Bank.
    98. Leiashvily, Paata, 2022. "The Economy as a Nonlinear Complex System: In Search of a New Paradigm," MPRA Paper 113601, University Library of Munich, Germany.
    99. Olivier Godechot, 2015. "Financialization Is Marketization!," Working Papers hal-03459520, HAL.
    100. Josh Ryan-Collins & Frank van Lerven, 2018. "Bringing the helicopter to ground: a historical review of fiscal-monetary coordination to support economic growth in the 20th century," Working Papers PKWP1810, Post Keynesian Economics Society (PKES).
    101. Illing, Gerhard & Ono, Yoshiyasu & Schlegl, Matthias, 2018. "Credit booms, debt overhang and secular stagnation," European Economic Review, Elsevier, vol. 108(C), pages 78-104.
    102. Deeksha Gupta & Itay Goldstein, 2016. "Sustainable Housing Policy," 2016 Meeting Papers 607, Society for Economic Dynamics.
    103. Fraccaroli, Nicolò & Sowerbutts, Rhiannon & Whitworth, Andrew, 2025. "Does regulatory and supervisory independence affect financial stability?," Journal of Banking & Finance, Elsevier, vol. 170(C).
    104. Yuan, Gecheng & Fang, Jie & Sun, Yongping, 2024. "The impact of Fintech on the nexus between household debt and financial crises: A global perspective," Economic Modelling, Elsevier, vol. 130(C).
    105. Richters, Oliver & Siemoneit, Andreas, 2021. "Making markets just: Reciprocity violations as key intervention points," ZOE Discussion Papers 7, ZOE. institute for future-fit economies, Bonn.
    106. Martin Hodula & Simona Malovana & Jan Frait, 2019. "Too Much of a Good Thing? Households' Macroeconomic Conditions and Credit Dynamics," Working Papers 2019/11, Czech National Bank, Research and Statistics Department.
    107. Mr. Fei Han & Ms. Emilia M Jurzyk & Wei Guo & Yun He & Ms. Nadia Rendak, 2019. "Assessing Macro-Financial Risks of Household Debt in China," IMF Working Papers 2019/258, International Monetary Fund.
    108. Bezemer, Dirk & Samarina, Anna & Zhang, Lu, 2017. "The Shift in Bank Credit Allocation: New Data and New Findings," Research Report 17012-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    109. Walk, Marten, 2025. "The Dynamics of Wealth Inequality: Distributional Effects of Asset Prices in Europe," MPRA Paper 126040, University Library of Munich, Germany.
    110. Faria-e-Castro, Miguel, 2021. "A quantitative analysis of the countercyclical capital buffer," ESRB Working Paper Series 120, European Systemic Risk Board.
    111. Stockhammer, Engelbert & Wildauer, Rafael, 2017. "Expenditure Cascades, Low Interest Rates or Property Booms? Determinants of Household Debt in OECD countries," Greenwich Papers in Political Economy 18276, University of Greenwich, Greenwich Political Economy Research Centre.
    112. Alessandri, Piergiorgio & Jordà, Òscar & Venditti, Fabrizio, 2025. "Decomposing the monetary policy multiplier," Journal of Monetary Economics, Elsevier, vol. 152(C).
    113. Lerbs, Oliver & Voigtländer, Michael, 2018. "Ist eine makroprudenzielle Regulierung des deutschen Hypothekenmarktes geboten?," ZEW Discussion Papers 17-029, ZEW - Leibniz Centre for European Economic Research, revised 2018.
    114. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    115. Dieckelmann, Daniel, 2020. "Cross-border lending and the international transmission of banking crises," Discussion Papers 2020/13, Free University Berlin, School of Business & Economics.
    116. Rafiq, Shuddhasattwa, 2020. "Projecting post-crisis house and equity prices since the 1870s:not all crises are alike," MPRA Paper 103164, University Library of Munich, Germany.
    117. Francisco Serranito & Philipp RODERWEIS & Jamel Saadaoui, 2023. "Is Quantitative Easing Productive? The Role of Bank Lending in the Monetary Transmission Process," EconomiX Working Papers 2023-17, University of Paris Nanterre, EconomiX.
    118. Леиашвили, Паата, 2022. "Экономика Как Сложная Система: В Поисках Новой Парадигмы [The Economy as a Nonlinear Complex System: In Search of a New Paradigm]," MPRA Paper 114140, University Library of Munich, Germany.
    119. Kilian, Lutz & Zhou, Xiaoqing, 2018. "The propagation of regional shocks in housing markets: Evidence from oil price shocks in Canada," CFS Working Paper Series 606, Center for Financial Studies (CFS).
    120. Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The macroeconomic effects of macroprudential policy," BIS Working Papers 740, Bank for International Settlements.
    121. Sarah Chan, 2020. "China’s Rising Household Debt: A New Debt Trap?," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 567-578, December.
    122. Carvalho, Daniel, 2020. "Leverage and valuation effects: How global liquidity shapes sectoral balance sheets," International Review of Financial Analysis, Elsevier, vol. 72(C).
    123. Carro, Adrian, 2022. "Could Spain be less different? Exploring the effects of macroprudential policy on the house price cycle," INET Oxford Working Papers 2022-25, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    124. Hadi Cissé, 2025. "SFC Modeling. Commercial Banks’s influence on macroeconomics dynamics and their impacts on the economic growth potentials in developing countries: the case of Côte d’Ivoire and Niger, Member of the We," Post-Print hal-05115536, HAL.
    125. John C Williams, 2016. "Measuring the effects of monetary policy on house prices and the economy," BIS Papers chapters, in: Bank for International Settlements (ed.), Expanding the boundaries of monetary policy in Asia and the Pacific, volume 88, pages 7-16, Bank for International Settlements.
    126. Mikel Bedayo & Ángel Estrada & Jesús Saurina, 2018. "Bank capital, lending booms, and busts. Evidence from Spain in the last 150 years," Working Papers 1847, Banco de España.
    127. Oscar Jorda & Alan Taylor & Sanjay Singh, 2019. "The Long-Run Effects of Monetary Policy," 2019 Meeting Papers 1307, Society for Economic Dynamics.
    128. Richters, Oliver & Siemoneit, Andreas, 2019. "Marktwirtschaft reparieren: Entwurf einer freiheitlichen, gerechten und nachhaltigen Utopie," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 213814.
    129. Berrak Bahadir & Neven Valev, 2021. "Global Liquidity and Household Credit," Working Papers 2106, Florida International University, Department of Economics.
    130. Ugo Panizza, 2018. "Nonlinearities in the Relationship Between Finance and Growth," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 44-53, March.
    131. Katharina Knoll & Moritz Schularick & Thomas Steger, 2017. "No Price Like Home: Global House Prices, 1870-2012," American Economic Review, American Economic Association, vol. 107(2), pages 331-353, February.
    132. Samarina, Anna & Bezemer, Dirk, 2016. "Do capital flows change domestic credit allocation?," Journal of International Money and Finance, Elsevier, vol. 62(C), pages 98-121.
    133. Lu Zhang & Arzu Uluc & Dirk Bezemer, 2017. "Did pre-crisis mortgage lending limit post-crisis corporate lending? Evidence from UK bank balance sheets," Bank of England working papers 651, Bank of England.
    134. Peter Bofinger, 2024. "Fighting inflation with conventional and unconventional fiscal policy," IMK Studies 92-2024, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    135. Bean, Charles, 2018. "Central banking after the great recession," LSE Research Online Documents on Economics 87444, London School of Economics and Political Science, LSE Library.
    136. Tarne, Ruben & Bezemer, Dirk & Theobald, Thomas, 2022. "The effect of borrower-specific loan-to-value policies on household debt, wealth inequality and consumption volatility: An agent-based analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 144(C).
    137. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    138. Sheunesu Zhou, 2021. "Analyzing the Relationship between Derivative Usage and Systemic Risk in South Africa," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 9(4), pages 217-234.
    139. Bashir Ahmad Joo & Simtiha Ishaq Mir, 2024. "Evolution of the Household Debt Narrative: A PRISMA-compliant Systematic Literature Review," Paradigm, , vol. 28(1), pages 84-100, June.
    140. Franziska Bremus & Thomas Krause & Felix Noth, 2017. "Bank-Specific Shocks and House Price Growth in the U.S," Discussion Papers of DIW Berlin 1636, DIW Berlin, German Institute for Economic Research.
    141. George Dotsis & Panagiotis Petris & Dimitris Psychoyios, 2025. "Assessing Housing Market Crashes over the Past 150 years," The Journal of Real Estate Finance and Economics, Springer, vol. 70(2), pages 359-377, February.
    142. Yi, Xingjian & Liu, Sheng & Wu, Zhouheng, 2022. "What drives credit expansion worldwide?——An empirical investigation with long-term cross-country panel data," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 225-242.
    143. Xavier Freixas, 2018. "Credit Growth, Rational Bubbles and Economic Efficiency," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 87-104, March.
    144. Tore Dubbert & Adrian Schroeder, 2025. "Conditioning business and financial cycles on multivariate information," CQE Working Papers 11225, Center for Quantitative Economics (CQE), University of Muenster.
    145. Atif Mian & Amir Sufi, 2016. "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt," NBER Working Papers 22256, National Bureau of Economic Research, Inc.
    146. Alexis Antoniades & Charles W. Calomiris, 2018. "Mortgage Market Credit Conditions and U.S. Presidential Elections," NBER Working Papers 24459, National Bureau of Economic Research, Inc.
    147. Mikhail Mamonov & Anna Pestova, 2021. "Credit Supply Shocks and Household Defaults," CERGE-EI Working Papers wp691, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    148. Roy, Saktinil, 2022. "What drives the systemic banking crises in advanced economies?," Global Finance Journal, Elsevier, vol. 54(C).
    149. Just Tobias & Salzberger Hannah, 2024. "Structural and Cyclical Risks in Housing Markets in OECD Countries," Intereconomics: Review of European Economic Policy, Sciendo, vol. 59(3), pages 167-175.
    150. Varadi, Alexandra, 2024. "Identifying the transmission channels of credit supply shocks to household debt: Price and non-price effects," European Economic Review, Elsevier, vol. 166(C).
    151. Kerwin Kofi Charles & Erik Hurst & Matthew J. Notowidigdo, 2015. "Housing Booms and Busts, Labor Market Opportunities, and College Attendance," NBER Working Papers 21587, National Bureau of Economic Research, Inc.
    152. Christophe André, 2016. "Household debt in OECD countries: Stylised facts and policy issues," OECD Economics Department Working Papers 1277, OECD Publishing.
    153. Carro, Adrian, 2023. "Taming the housing roller coaster: The impact of macroprudential policy on the house price cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
    154. Hongxia Zhang & Heeho Kim, 2024. "Urbanization and the excess mortgage risk – an optimal mortgage model," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-10, December.
    155. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    156. David Aikman & Jonathan Bridges & Anil Kashyap & Caspar Siergert, 2018. "Would macroprudential regulation have prevented the last crisis?," Bank of England working papers 747, Bank of England.
    157. Josh Ryan-Collins, 2021. "Breaking the housing–finance cycle: Macroeconomic policy reforms for more affordable homes," Environment and Planning A, , vol. 53(3), pages 480-502, May.
    158. Silvo, Aino & Verona, Fabio, 2020. "The Aino 3.0 model," Bank of Finland Research Discussion Papers 9/2020, Bank of Finland.
    159. Jia Li & Rachel Tochen & Yaning Dong & Zhuoran Ren, 2022. "Debt-Driven Property Boom, Land-Based Financing and Trends of Housing Financialization: Evidence from China," Land, MDPI, vol. 11(11), pages 1-23, November.
    160. Alfred Duncan & Charles Nolan, 2017. "Financial Frictions in Macroeconomic Models," Studies in Economics 1719, School of Economics, University of Kent.
    161. Antonis Adam & Sofia Tsarsitalidou, 2024. "Be my guest: the effect of foreign policy visits to the USA on FDI," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 160(2), pages 455-480, May.
    162. Edward C. H. Tang, 2024. "Examining the Impacts of the Pandemic on the Housing Bubble in Hong Kong," Advances in Decision Sciences, Asia University, Taiwan, vol. 28(1), pages 27-46, March.
    163. Gabriel M Ahlfeldt & Nikodem Szumilo & Jagdish Tripathy, 2024. "Housing-consumption channel of mortgage demand," Bank of England working papers 1086, Bank of England.
    164. Bulbarelli, Miriam, 2016. "The housing finance system in Italy and Spain: Why did a housing bubble develop in Spain - and not in Italy?," PIPE - Papers on International Political Economy 26/2016, Free University Berlin, Center for International Political Economy.
    165. Li, Wenchao, 2024. "Do surging house prices discourage fertility? Global evidence, 1870–2012," Labour Economics, Elsevier, vol. 90(C).
    166. Braun, Benjamin & Deeg, Richard, 2019. "Strong firms, weak banks: The financial consequences of Germany's export-led growth model," MPIfG Discussion Paper 19/5, Max Planck Institute for the Study of Societies.
    167. Aviral Kumar Tiwari & Christophe Andre & Rangan Gupta, 2019. "Spillovers between US Real Estate and Financial Assets in Time and Frequency Domains," Working Papers 201947, University of Pretoria, Department of Economics.
    168. Mr. Adrian Alter & Alan Xiaochen Feng & Nico Valckx, 2018. "Understanding the Macro-Financial Effects of Household Debt: A Global Perspective," IMF Working Papers 2018/076, International Monetary Fund.
    169. Beata Bierut, & Tomasz Chmielewski & Adam Głogowski, & Sławomir Zajączkowski & Andrzej Stopczyński, 2015. "Implementing Loan-To-Value and Debt-To-Income ratios: Learning from country experiences. The case of Poland," NBP Working Papers 212, Narodowy Bank Polski.
    170. Svensson, Lars E.O., 2017. "Cost-benefit analysis of leaning against the wind," Journal of Monetary Economics, Elsevier, vol. 90(C), pages 193-213.
    171. Antoniades, Alexis & Calomiris, Charles W., 2020. "Mortgage market credit conditions and U.S. Presidential elections," European Journal of Political Economy, Elsevier, vol. 64(C).
    172. Rünstler, Gerhard & Balfoussia, Hiona & Burlon, Lorenzo & Buss, Ginters & Comunale, Mariarosaria & De Backer, Bruno & Dewachter, Hans & Guarda, Paolo & Haavio, Markus & Hindrayanto, Irma & Iskrev, Nik, 2018. "Real and financial cycles in EU countries - Stylised facts and modelling implications," Occasional Paper Series 205, European Central Bank.
    173. Solomon Y. Deku & Alper Kara & Artur Semeyutin, 2021. "The predictive strength of MBS yield spreads during asset bubbles," Review of Quantitative Finance and Accounting, Springer, vol. 56(1), pages 111-142, January.
    174. Jonas Meuli & Thomas Nellen & Thomas Nitschka, 2016. "Securitisation, loan growth and bank funding: the Swiss experience since 1932," Working Papers 2016-18, Swiss National Bank.
    175. Atif Mian, 2016. "Comment on "Macrofinancial History and the New Business Cycle Facts"," NBER Chapters, in: NBER Macroeconomics Annual 2016, Volume 31, pages 274-278, National Bureau of Economic Research, Inc.
    176. Xavier Giroud & Holger M. Mueller, 2018. "Firm Leverage and Regional Business Cycles," NBER Working Papers 25325, National Bureau of Economic Research, Inc.
    177. Leiashvily, Paata, 2022. "The Economy as a Complex System of Economic Actions: In Search of a New Paradigm," MPRA Paper 116226, University Library of Munich, Germany.
    178. Milan Christian de Wet, 2021. "Modelling the Australasian Financial Cycle: A Markov-Regime Switching Approach," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 14(1), pages 69-79, June.
    179. Clément Mathonnat & Alexandru Minea & Marcel Voia, 2022. "Does more finance lead to longer crises?," The World Economy, Wiley Blackwell, vol. 45(1), pages 111-135, January.
    180. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, May.
    181. Giorgio Calcagnini & Federico Favaretto & Germana Giombini & Fabio Tramontana, 2025. "Household Financial Fragility, Debt and Income in a Dynamic Model," Computational Economics, Springer;Society for Computational Economics, vol. 65(2), pages 963-988, February.
    182. Christiansen, Charlotte & Eriksen, Jonas N. & Møller, Stig V., 2019. "Negative house price co-movements and US recessions," Regional Science and Urban Economics, Elsevier, vol. 77(C), pages 382-394.
    183. Thomas Grjebine & Fabien Tripier, 2015. "Excess Finance and Growth: Don't Lose Sight of Expansions !," Working Papers 2015-31, CEPII research center.
    184. Thomas Grjebine & Fabien Tripier, 2016. "Finance and Growth: From the Business Cycle to the Long Run," Working Papers 2016-28, CEPII research center.
    185. Federica Ciocchetta & Elisa Guglielminetti & Alessandro Mistretta, 2024. "What Drives House Prices in Europe?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(5), pages 1089-1121, October.
    186. Beck, Thorsten & Peltonen, Tuomas & Perotti, Enrico & Sánchez Serrano, Antonio & Suarez, Javier, 2023. "Corporate credit and leverage in the EU: recent evolution, main drivers and financial stability implications," Report of the Advisory Scientific Committee 14, European Systemic Risk Board.
    187. Mikael Randrup Byrialsen & Hamid Raza, 2022. "Household debt and macroeconomic stability: An empirical stock‐flow consistent model for the Danish economy," Metroeconomica, Wiley Blackwell, vol. 73(1), pages 144-197, February.
    188. T. van der Valk, 2019. "Quid pro quo: the institutional environment and the allocation of household wealth," Working Papers 19-25, Utrecht School of Economics.
    189. Boris Hofmann & Gert Peersman, 2017. "Monetary Policy Transmission And Trade-Offs In The United States: Old And New," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/940, Ghent University, Faculty of Economics and Business Administration.
    190. Davis, Leila & de Souza, Joao & Kim, YK. & Rella, Giacomo, 2023. "What are firms borrowing for? The role of financial assets," Economic Modelling, Elsevier, vol. 125(C).
    191. Arigoni, Filippo & McCann, Fergal & Yao, Fang, 2022. "Mortgage credit and house prices: evidence to inform macroprudential policy," Financial Stability Notes 11/FS/22, Central Bank of Ireland.
    192. De Schryder, Selien & Opitz, Frederic, 2021. "Macroprudential policy and its impact on the credit cycle," Journal of Financial Stability, Elsevier, vol. 53(C).
    193. Enrique Alberola-Ila & Ricardo Sousa, 2017. "Assessing fiscal policy through the lens of the financial and the commodity price cycles," BIS Working Papers 638, Bank for International Settlements.
    194. Ortmans, Aymeric & Tripier, Fabien, 2021. "COVID-induced sovereign risk in the euro area: When did the ECB stop the spread?," European Economic Review, Elsevier, vol. 137(C).
    195. Bob Kaempff & David Kremer, 2025. "Using machine learning to aggregate apartment prices: Comparing the performance of different Luxembourg indices," BCL working papers 194, Central Bank of Luxembourg.
    196. Marco J. Lombardi & Madhusudan Mohanty & Ilhyock Shim, 2022. "The relationship of household debt and growth in the short and long run," Empirical Economics, Springer, vol. 63(4), pages 1887-1911, October.
    197. Feng Min & Fenghua Wen & Jiayu Xu & Nan Wu, 2023. "Credit supply, house prices, and financial stability," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 2088-2108, April.
    198. Kim, Dong-Hyeon & Wu, Yi-Chen & Lin, Shu-Chin, 2020. "Carbon dioxide emissions and the finance curse," Energy Economics, Elsevier, vol. 88(C).
    199. Rim, Jongseok, 2024. "Comparative dynamics of housing finance: A cross-country analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 94(C).
    200. Bell, Jennifer & Battisti, Giuliana & Guin, Benjamin, 2023. "The greening of lending: Evidence from banks’ pricing of energy efficiency before climate-related regulation," Economics Letters, Elsevier, vol. 230(C).
    201. Guillaume Bazot, 2024. "Deregulation and Financial Intermediation Cost: An International Comparison," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(5), pages 1129-1161, August.
    202. Saroj Bhattarai & Felipe Schwartzman & Choongryul Yang, 2019. "The Persistent Employment Effects of the 2006-09 U.S. Housing Wealth Collapse," Working Paper 19-7, Federal Reserve Bank of Richmond.
    203. Thibaut Duprey & Yaz Terajima & Jing Yang, 2024. "Interaction of Macroprudential and Monetary Policies: Practice Ahead of Theory," Discussion Papers 2024-18, Bank of Canada.
    204. Sleibi, Yacoub & Casalin, Fabrizio & Fazio, Giorgio, 2020. "Bank-specific shocks and aggregate leverage: Empirical evidence from a panel of developed countries," Journal of Financial Stability, Elsevier, vol. 49(C).
    205. Sim, Seung-Gyu & Lee, Saiah, 2020. "The cyclical behavior of household and corporate credit in emerging economies," Emerging Markets Review, Elsevier, vol. 45(C).
    206. Martin C. Arnold & Thilo Reinschlussel, 2024. "Bootstrap Adaptive Lasso Solution Path Unit Root Tests," Papers 2409.07859, arXiv.org.
    207. Daniel Carvalho, 2021. "Revisiting the relationship between cross‐border capital flows and credit," International Finance, Wiley Blackwell, vol. 24(2), pages 179-218, August.
    208. Behr,Daniela Monika & Chen,Lixue & Goel,Ankita & Haider,Khondoker Tanveer & Sandeep Singh & Zaman,Asad, 2023. "Estimating House Prices in Emerging Markets and Developing Economies : A Big Data Approach," Policy Research Working Paper Series 10301, The World Bank.
    209. Olivier Godechot, 2016. "Financialization Is Marketization! A Study of the Respective Impacts of Various Dimensions of Financialization on the Increase in Global Inequality," Post-Print hal-03469942, HAL.
    210. Dirma, Mantas & Karmelavičius, Jaunius, 2025. "Micro-assessment of macroprudential borrower-based measures," Journal of Banking & Finance, Elsevier, vol. 176(C).
    211. Bremus, Franziska & Krause, Thomas & Noth, Felix, 2021. "Lender-specific mortgage supply shocks and macroeconomic performance in the United States," IWH Discussion Papers 3/2021, Halle Institute for Economic Research (IWH).
    212. Hristov, Nikolay & Roth, Markus, 2022. "Uncertainty shocks and systemic-risk indicators," Journal of International Money and Finance, Elsevier, vol. 122(C).
    213. Schularick, Moritz & Richter, Björn & Shim, Ilhyock, 2018. "The Costs of Macroprudential Policy," CEPR Discussion Papers 13124, C.E.P.R. Discussion Papers.
    214. Kenneth S. Rogoff & Yuanchen Yang, 2020. "Peak China Housing," NBER Working Papers 27697, National Bureau of Economic Research, Inc.
    215. Bjarni G. Einarsson & Kristófer Gunnlaugsson & Thorvardur Tjörvi Ólafsson & Thórarinn G. Pétursson, 2016. "The long history of financial boom-bust cycles in Iceland - Part II: Financial cycles," Economics wp72, Department of Economics, Central bank of Iceland.
    216. Svensson, Lars E. O., 2017. "How robust is the result that the cost of "leaning against the wind" exceeds the benefit?," Working Paper Series 2031, European Central Bank.
    217. Simona Malovana & Jan Janku & Martin Hodula, 2023. "Macroprudential Policy and Income Inequality: The Trade-off Between Crisis Prevention and Credit Redistribution," Working Papers 2023/3, Czech National Bank, Research and Statistics Department.
    218. Anastasios Evgenidis & Anastasios G. Malliaris, 2022. "Monetary policy, financial shocks and economic activity," Review of Quantitative Finance and Accounting, Springer, vol. 59(2), pages 429-456, August.
    219. Christophe André & Nikolaos Antonakakis & Rangan Gupta & Mulatu F. Zerihun, 2017. "Asymmetric Behaviour in Nominal and Real Housing Prices: Evidence from Advanced and Emerging Economies," Working Papers 201711, University of Pretoria, Department of Economics.
    220. Chwieroth, Jeffrey & Walter, Andrew, 2020. "Great expectations, financialization and bank bailouts in democracies," LSE Research Online Documents on Economics 102749, London School of Economics and Political Science, LSE Library.
    221. Cañizares Martínez, Carlos, 2025. "Dating housing booms fueled by credit: A Markov switching approach," Journal of Financial Stability, Elsevier, vol. 78(C).
    222. Yagüe Gurucharri, Miguel & García-Hiernaux, Alfredo & Jerez, Miguel, 1974. "Rethinking Basel III and beyond: a theory model to understand credit allocation and real state bubbles," MPRA Paper 119559, University Library of Munich, Germany, revised 18 Dec 2023.
    223. Engelbert Stockhammer & Christina Wolf, 2019. "Building blocks for the macroeconomics and political economy of housing," Working Papers PKWP1908, Post Keynesian Economics Society (PKES).
    224. Guin, Benjamin & Korhonen, Perttu & Moktan, Sidharth, 2022. "Risk differentials between green and brown assets?," Economics Letters, Elsevier, vol. 213(C).
    225. Moritz Schularick & Ilhyock Shim, 2017. "Household credit in Asia-Pacific," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial systems and the real economy, volume 91, pages 129-144, Bank for International Settlements.
    226. Hamid Boustanifar & Everett Grant & Ariell Reshef, 2018. "Wages and Human Capital in Finance: International Evidence, 1970–2011 [Financial reform: what shakes it? What shapes it?]," Review of Finance, European Finance Association, vol. 22(2), pages 699-745.
    227. Lenarčič, Črt, 2021. "Estimating business and financial cycles in Slovenia," MPRA Paper 109977, University Library of Munich, Germany.
    228. Christophe Andre & Rangan Gupta & John W. Muteba Mwamba, 2016. "Are Housing Price Cycles Asymmetric? Evidence from the US States and Metropolitan Areas," Working Papers 201635, University of Pretoria, Department of Economics.
    229. Muellbauer, John, 2018. "The Future of Macroeconomics," INET Oxford Working Papers 2018-10, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    230. Anke Hassel & Bruno Palier, 2021. "Tracking the Transformation of Growth Regimes in Advanced Capitalist Economies," Post-Print hal-03380959, HAL.
    231. Xavier Freixas & Luz Mary Pinzón, 2025. "Does local credit matter? The Spanish case," Economics Working Papers 1919, Department of Economics and Business, Universitat Pompeu Fabra.
    232. Fatouh, Mahmoud & Markose, Sheri & Giansante, Simone, 2021. "The impact of quantitative easing on UK bank lending: Why banks do not lend to businesses?," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 928-953.
    233. Remya Tressa Jacob & Rudra Sensarma, 2022. "Does knowledge empower? A story of debt literacy and credit usage in rural consumer finance," Working papers 529, Indian Institute of Management Kozhikode.
    234. Bezemer, Dirk & Samarina, Anna, 2016. "Debt Shift, Financial Development and Income Inequality in Europe," Research Report 16020-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    235. Bezemer, Dirk & Zhang, Lu, 2019. "Credit composition and the severity of post-crisis recessions," Journal of Financial Stability, Elsevier, vol. 42(C), pages 52-66.
    236. Chwieroth, Jeffrey M. & Walter, Andrew, 2022. "Neoliberalism and banking crisis bailouts: distant enemies or warring neighbors?," LSE Research Online Documents on Economics 111871, London School of Economics and Political Science, LSE Library.
    237. Aghdam, Ali Nassiri & Behdarvand, Shahin & Sheshdeh, Mohammad Ghasemi, 2023. "The effect of credit composition on entrepreneurship," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(4).
    238. Claudia Buch, 2017. "Data needs and statistics compilation for macroprudential analysis," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Data needs and Statistics compilation for macroprudential analysis, volume 46, Bank for International Settlements.
    239. Ambrocio, Gene, 2019. "Measuring household uncertainty in EU countries," Bank of Finland Research Discussion Papers 17/2019, Bank of Finland.
    240. Kenneth Rogoff & Yuanchen Yang, 2021. "Has China's Housing Production Peaked?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 29(1), pages 1-31, January.
    241. Dr. Indrani Manna & Dr. Martin Suster & Dr.Biswajit Banerjee, 2022. "House Price Expectations, Household Indebtedness and Macroprudential Policy in a DSGE framework," Working Papers 88, Ashoka University, Department of Economics.
    242. Kevin J. Lansing, 2015. "Discussion of Ling, Ooi, and Le," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(S1), pages 127-132, March.
    243. Hoffmann, Peter & Langfield, Sam & Pierobon, Federico & Vuillemey, Guillaume, 2018. "Who bears interest rate risk?," Working Paper Series 2176, European Central Bank.
    244. Samarina, Anna & Zhang, Lu & Bezemer, Dirk, 2017. "Credit cycle coherence in the eurozone: Was there a euro effect?," Journal of International Money and Finance, Elsevier, vol. 77(C), pages 77-98.
    245. Gómez-Puig, Marta & Sosvilla-Rivero, Simón, 2018. "Nonfinancial debt and economic growth in euro-area countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 56(C), pages 17-37.
    246. Gabriel Garber & Atif Mian & Jacopo Ponticelli & Amir Sufi, 2020. "Government Banks, Household Debt, and Economic Downturns: The Case of Brazil," BIS Working Papers 876, Bank for International Settlements.
    247. Martin Harding & Mathias Klein, 2022. "Monetary policy and household net worth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 125-151, April.
    248. Stockhammer, Engelbert & Calvert Jump, Robert & Kohler, Karsten & Cavallero, Julian, 2019. "Short and medium term financial-real cycles: An empirical assessment," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 81-96.
    249. Greg Farrell & Esti Kemp, 2020. "Measuring the Financial Cycle in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 88(2), pages 123-144, June.
    250. Sam Langfield & Marco Pagano, 2015. "Bank Bias in Europe: Effects on Systemic Risk and Growth," CSEF Working Papers 408, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    251. Luigi Bonatti, 2017. "Land, Housing, Growth and Inequality," DEM Working Papers 2017/01, Department of Economics and Management.
    252. Gaffney, Edward, 2022. "Loan-to-income limits and mortgage lending outcomes," Financial Stability Notes 10/FS/22, Central Bank of Ireland.
    253. Dimitrios Asteriou & Konstantinos Spanos, 2022. "Credit to private sector, household debt and economic growth: An empirical investigation of EU countries," Economics and Business Letters, Oviedo University Press, vol. 11(4), pages 34-142.
    254. Rüth, Sebastian K. & Simon, Camilla, 2022. "How do income and the debt position of households propagate fiscal stimulus into consumption?," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    255. Samuel Knott & Peter Richardson & Katie Rismanchi & Kallol Sen, 2014. "Financial Stability Paper 31: Understanding the fair value of banks’ loans," Bank of England Financial Stability Papers 31, Bank of England.
    256. Klein, Mathias & Polattimur, Hamza & Winkler, Roland, 2022. "Fiscal spending multipliers over the household leverage cycle," European Economic Review, Elsevier, vol. 141(C).
    257. Charles A. E. Goodhart & Meinhard A. Jensen, 2015. "A Commentary on Patrizio Lainà's 'Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf'," Economic Thought, World Economics Association, vol. 4(2), pages 1-20, September.
    258. Jorge E. Galán & Matías Lamas, 2025. "Beyond the LTV Ratio: Lending Standards, Regulatory Arbitrage, and Mortgage Default," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(1), pages 107-150, February.
    259. Ekkehard Ernst & Faten Saliba, 2018. "Are House Prices Responsible for Unemployment Persistence?," Open Economies Review, Springer, vol. 29(4), pages 795-833, September.
    260. Marc C. Adam, 2020. "The Corona Crisis - is this the time for Helicopter Money?," Basic Papers 1, Forum New Economy, revised Apr 2020.
    261. Yoo, Jinhyuk, 2017. "Capital injection to banks versus debt relief to households," IMFS Working Paper Series 111, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    262. Bo Li, 2024. "Household Leverage Cycle Around the Great Recession," Papers 2407.01539, arXiv.org.
    263. Michael D. Bordo & Oliver Bush & Bank of England, 2025. ""Muddling Through or Tunnelling Through?" UK Monetary and Fiscal Exceptionalism and The Great Inflation," Working Papers 347, Princeton University, Department of Economics, Center for Economic Policy Studies..
    264. Iren Levina & Robert Sturrock & Alexandra Varadi & Gavin Wallis, 2019. "Modelling the distribution of mortgage debt," Bank of England working papers 808, Bank of England.
    265. Albaity, Mohamed & Noman, Abu Hanifa Md. & Saadaoui Mallek, Ray & Al-Shboul, Mohammad, 2022. "Cyclicality of bank credit growth: Conventional vs Islamic banks in the GCC," Economic Systems, Elsevier, vol. 46(1).
    266. Sefa Awaworyi Churchill & Kris Ivanovski & Kwabena Mintah & Quanda Zhang, 2023. "The impact of financial development on house prices," The World Economy, Wiley Blackwell, vol. 46(10), pages 3154-3181, October.
    267. Valentina Aprigliano & Danilo Liberati, 2021. "Using Credit Variables to Date Business Cycle and to Estimate the Probabilities of Recession in Real Time," Manchester School, University of Manchester, vol. 89(S1), pages 76-96, September.
    268. Schüler, Yves S., 2018. "On the cyclical properties of Hamilton's regression filter," Discussion Papers 03/2018, Deutsche Bundesbank.
    269. Ambrocio, Gene, 2020. "Inflationary household uncertainty shocks," Bank of Finland Research Discussion Papers 5/2020, Bank of Finland.
    270. Audit, Dooneshsingh & Alam, Nafis, 2022. "Why have credit variables taken centre stage in predicting systemic banking crises?," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 3(1).
    271. Sebastian Kohl & Alexander Spielau, 2022. "Centring construction in the political economy of housing: variegated growth regimes after the Keynesian construction state," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 46(3), pages 465-490.
    272. David Hendry & John Muellbauer, 2017. "The future of macroeconomics: Macro theory and models at the Bank of England," Economics Series Working Papers 832, University of Oxford, Department of Economics.
    273. James Wood & Engelbert Stockhammer, 2020. "House prices, private debt and the macroeconomics of comparative political economy," Working Papers PKWP2005, Post Keynesian Economics Society (PKES).
    274. Vítor Martins & Alessandro Turrini & Bořek Vašíček & Madalina Zamfir, 2021. "Euro Area Housing Markets: Trends, Challenges and Policy Responses," European Economy - Discussion Papers 147, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    275. Schüler, Yves S. & Peltonen, Tuomas A. & Hiebert, Paul, 2017. "Coherent financial cycles for G-7 countries: Why extending credit can be an asset," ESRB Working Paper Series 43, European Systemic Risk Board.
    276. Diamond, William & Landvoigt, Tim, 2022. "Credit cycles with market-based household leverage," Journal of Financial Economics, Elsevier, vol. 146(2), pages 726-753.
    277. Giannoulakis, Stelios & Forletta, Marco & Gross, Marco & Tereanu, Eugen, 2023. "The effectiveness of borrower-based macroprudential policies: a cross-country analysis using an integrated micro-macro simulation model," Working Paper Series 2795, European Central Bank.
    278. Homburg, Stefan, 2017. "A Study in Monetary Macroeconomics," OUP Catalogue, Oxford University Press, number 9780198807537.
    279. Mathias Drehmann & Mikael Juselius & Anton Korinek, 2018. "Going With the Flows: New Borrowing, Debt Service and the Transmission of Credit Booms," NBER Working Papers 24549, National Bureau of Economic Research, Inc.
    280. Lu Zhang & Dirk Bezemer, 2016. "Finance and growth in China, 1995–2013: more liquidity or more development?," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(3), pages 613-631.
    281. Mugrabi, Farah & Rünstler, Gerhard, 2025. "Housing and Credit Cycles in Ireland," Research Technical Papers 16/RT/25, Central Bank of Ireland.
    282. Erlend Nier & Radu Popa & Maral Shamloo & Liviu Voinea, 2019. "Debt Service and Default: Calibrating Macroprudential Policy Using Micro Data," IMF Working Papers 2019/182, International Monetary Fund.
    283. D'Orazio, Paola, 2019. "Income inequality, consumer debt, and prudential regulation: An agent-based approach to study the emergence of crises and financial instability," Economic Modelling, Elsevier, vol. 82(C), pages 308-331.
    284. Claessens, Stijn, 2017. "Regulation and structural change in financial systems," CEPR Discussion Papers 11822, C.E.P.R. Discussion Papers.
    285. Gross, Marco, 2022. "Beautiful cycles: A theory and a model implying a curious role for interest," Economic Modelling, Elsevier, vol. 106(C).
    286. Maximilian Boeck & Thomas O. Zörner, 2024. "The Impact of Credit Market Sentiment Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(7), pages 1645-1673, October.
    287. Melina Dritsaki & Chaido Dritsaki, 2022. "Comparison of HP Filter and the Hamilton’s Regression," Mathematics, MDPI, vol. 10(8), pages 1-18, April.
    288. Bofinger, Peter & Geißendörfer, Lisa & Haas, Thomas & Mayer, Fabian, 2022. "Discovering the true Schumpeter: New insights into the finance and growth nexus," W.E.P. - Würzburg Economic Papers 102, University of Würzburg, Department of Economics.
    289. Jerome H. Powell, 2019. "Business Debt and Our Dynamic Financial System : a speech At \"Mapping the Financial Frontier: What Does the Next Decade Hold?” 24th Annual Financial Markets Conference, sponsored by the Federal ," Speech 1066, Board of Governors of the Federal Reserve System (U.S.).
    290. Present, Thomas & Simoens, Mathieu & Vander Vennet, Rudi, 2023. "European bank margins at the zero lower bound," Journal of International Money and Finance, Elsevier, vol. 131(C).
    291. Bhadury, Soumya & Ghosh, Saurabh & Gopalakrishnan, Pawan, 2021. "In quest for policy 'silver bullets' towards triggering a v-shaped recovery," MPRA Paper 110905, University Library of Munich, Germany.
    292. Dutra, Tiago Mota & Dias, José Carlos & Teixeira, João C.A., 2022. "Measuring financial cycles: Empirical evidence for Germany, United Kingdom and United States of America," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 599-630.
    293. Pérez-Sánchez, Laura À. & Velasco-Fernández, Raúl & Giampietro, Mario, 2022. "Factors and actions for the sustainability of the residential sector. The nexus of energy, materials, space, and time use," Renewable and Sustainable Energy Reviews, Elsevier, vol. 161(C).
    294. Chwieroth, Jeffrey M. & Walter, Andrew, 2019. "The financialization of mass wealth, banking crises and politics over the long run," LSE Research Online Documents on Economics 100765, London School of Economics and Political Science, LSE Library.
    295. Pontines, Victor, 2018. "Self-selection and treatment effects: Revisiting the effectiveness of foreign exchange intervention," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 299-316.
    296. Aymeric Ortmans & Fabien Tripier, 2020. "COVID-Induced Sovereign Risk in the Euro Area: When Did the ECB Stop the Contagion?," Working Papers 2020-11, CEPII research center.
    297. Andrea Ferrero & Richard Harrison & Benjamin Nelson, 2022. "House price dynamics, optimal LTV limits and the liquidity trap," Bank of England working papers 969, Bank of England.
    298. Andreas Fagereng & Magnus A. H. Gulbrandsen & Martin Holm & Gisle Natvik, 2023. "How Does Monetary Policy Affect Household Indebtedness?," Working Papers 05/2023, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    299. Jorge E. Galán & Matías Lamas, 2019. "Beyond the LTV ratio: new macroprudential lessons from Spain," Working Papers 1931, Banco de España.
    300. Svensson, Lars E.O., 2017. "How Robust Is the Result That the Cost of "Leaning Against the Wind" Exceeds the Benefit? Response to Adrian and Liang," CEPR Discussion Papers 11744, C.E.P.R. Discussion Papers.
    301. Perotti, Enrico & Döttling, Robin, 2019. "Redistributive Growth," CEPR Discussion Papers 13984, C.E.P.R. Discussion Papers.
    302. Jennifer Bell & Giuliana Battisti & Benjamin Guin, 2023. "The greening of lending: mortgage pricing of energy transition risk," Bank of England working papers 1016, Bank of England.
    303. Unger, Robert, 2018. "Revisiting the finance and growth nexus: A deeper look at sectors and instruments," Discussion Papers 55/2018, Deutsche Bundesbank.
    304. Zdravko Sergo & Jasmina Grzinic & Tatiana Zanini Gavranic, 2023. "Does The House Slave Effect Depress International Tourism Travelling?," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 32(2), pages 473-494, december.
    305. Barbieri Góes, Maria Cristina & Deleidi, Matteo, 2022. "Output determination and autonomous demand multipliers: An empirical investigation for the US economy," Economic Modelling, Elsevier, vol. 116(C).
    306. Wang, Bo & Xiao, Yang, 2023. "The term effect of financial cycle variables on GDP growth," Journal of International Money and Finance, Elsevier, vol. 139(C).
    307. Berrak Bahadir & Neven Valev, 2020. "Institutions, Household Credit Composition, And The Business Cycle," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1401-1413, July.
    308. Berg, Tobias & Haselmann, Rainer, 2025. "Assessing real estate risks and vulnerabilities: Hidden cracks in the financial system?," SAFE White Paper Series 111, Leibniz Institute for Financial Research SAFE.
    309. Viral V. Acharya & Katharina Bergant & Matteo Crosignani & Tim Eisert & Fergal Mccann, 2022. "The Anatomy of the Transmission of Macroprudential Policies," Journal of Finance, American Finance Association, vol. 77(5), pages 2533-2575, October.
    310. Gary Gorton & Ping He, 2023. "Optimal monetary policy in a collateralized economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 55-89, January.
    311. William Gatt, 2024. "Loan‐to‐value limits as a macroprudential policy tool: Developments in theory and practice," Journal of Economic Surveys, Wiley Blackwell, vol. 38(1), pages 232-267, February.
    312. Zabavnik, Darja & Verbič, Miroslav, 2021. "Relationship between the financial and the real economy: A bibliometric analysis," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 55-75.
    313. Giorgos Gouzoulis, 2021. "Finance, Discipline and the Labour Share in the Long‐Run: France (1911–2010) and Sweden (1891–2000)," British Journal of Industrial Relations, London School of Economics, vol. 59(2), pages 568-594, June.
    314. Sevim Kösem, 2021. "Income inequality, mortgage debt and house prices," Bank of England working papers 921, Bank of England.
    315. Boháčik Ján, 2022. "Financial shocks and their effects on velocity of money in agent-based model," Review of Economic Perspectives, Sciendo, vol. 22(4), pages 241-266, December.
    316. P. Reusens & Ch. Warisse, 2018. "House prices and economic growth in Belgium," Economic Review, National Bank of Belgium, issue iv, pages 81-106, december.
    317. Avdjiev, Stefan & Binder, Stephan & Sousa, Ricardo, 2021. "External debt composition and domestic credit cycles," Journal of International Money and Finance, Elsevier, vol. 115(C).
    318. Claudio Borio & Piti Disyatat & Phurichai Rungcharoenkitkul, 2018. "What Anchors for the Natural Rate of Interest?," PIER Discussion Papers 98, Puey Ungphakorn Institute for Economic Research.
    319. Rüth, Sebastian K. & Simon, Camilla, 2020. "How Do Income and the Debt Position of Households Propagate Public into Private Spending?," Working Papers 0676, University of Heidelberg, Department of Economics.
    320. Friedrich Lucke, 2022. "The Great Moderation and the Financial Cycle," Working Papers REM 2022/0238, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    321. Bahadir, Berrak & Gumus, Inci & Schaffer, Matthew, 2024. "Does relaxing household credit constraints hurt small business lending? Evidence from a policy change in Texas," Journal of Corporate Finance, Elsevier, vol. 89(C).
    322. Carlos Canizares Martinez, 2023. "Leaning against housing booms fueled by credit," Working and Discussion Papers WP 9/2023, Research Department, National Bank of Slovakia.
    323. Hamid Boustanifar & Everett Grant & Ariell Reshef, 2016. "Wages and human capital in finance: international evidence, 1970-2005," Globalization Institute Working Papers 266, Federal Reserve Bank of Dallas.
    324. Lyons, Paul & Nevin, Ciarán & Shaw, Frances, 2019. "Real-estate concentration in the Irish banking system," Financial Stability Notes 4/FS/19, Central Bank of Ireland.
    325. Khuderchuluun Batsukh & Nicolas Groshenny & Naveed Javed, 2025. "Monetary policy transmission and household indebtedness in Australia," TEPP Working Paper 2025-02, TEPP.
    326. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Bubbles, Credit, and Their Consequences," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

  24. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," CESifo Working Paper Series 5147, CESifo.

    Cited by:

    1. Joanna Stawska & Katarzyna Miszczyńska, 2017. "The Impact of the European Central Bank’s Interest Rates on Investments in the Euro Area," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 5, pages 51-72.
    2. Guay Lim & Sarantis Tsiaplias, 2016. "Non-Linearities in the Relationship between House Prices and Interest Rates: Implications for Monetary Policy," Melbourne Institute Working Paper Series wp2016n02, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    3. Andreas Hoffmann & Gunther Schnabl, 2016. "Adverse Effects of Ultra-Loose Monetary Policies on Investment, Growth and Income Distribution," CESifo Working Paper Series 5754, CESifo.
    4. Dedola, Luca & Georgiadis, Georgios & Gräb, Johannes & Mehl, Arnaud, 2018. "Does a big bazooka matter? Central bank balance-sheet policies and exchange rates," Working Paper Series 2197, European Central Bank.
    5. Florian Léon, 2019. "Household Credit and Growth: International Evidence," DEM Discussion Paper Series 19-02, Department of Economics at the University of Luxembourg.
    6. Tim Landvoigt & Stijn Van Nieuwerburgh & Vadim Elenev, 2015. "Phasing out the GSEs," 2015 Meeting Papers 977, Society for Economic Dynamics.
    7. Edward P. Herbst & Benjamin K. Johannsen, 2020. "Bias in Local Projections," Finance and Economics Discussion Series 2020-010r1, Board of Governors of the Federal Reserve System (U.S.), revised 04 Jan 2021.
    8. Berger, Tino & Richter, Julia & Wong, Benjamin, 2021. "A unified approach for jointly estimating the business and financial cycle, and the role of financial factors," University of Göttingen Working Papers in Economics 415, University of Goettingen, Department of Economics.
    9. Atif Mian & Ludwig Straub & Amir Sufi, 2020. "Indebted Demand," CESifo Working Paper Series 8210, CESifo.
    10. Calomiris, Charles W. & Chen, Sophia, 2022. "The spread of deposit insurance and the global rise in bank asset risk since the 1970s," Journal of Financial Intermediation, Elsevier, vol. 49(C).
    11. Robin Döttling & Enrico Perotti, 2020. "Secular Trends and Technological Progress," ECONtribute Discussion Papers Series 006, University of Bonn and University of Cologne, Germany.
    12. Saleem Bahaj & Angus Foulis & Gabor Pinter & Paolo Surico, 2019. "Employment and the collateral channel of monetary policy," Bank of England working papers 827, Bank of England.
    13. Lorenzo Esposito & Giuseppe Mastromatteo, 2019. "Defaultnomics: Making Sense of the Barro-Ricardo Equivalence in a Financialized World," Economics Working Paper Archive wp_933, Levy Economics Institute.
    14. Rebucci, Alessandro & Ferrero, Andrea & Cesa-Bianchi, Ambrogio, 2017. "International Credit Supply Shocks," CEPR Discussion Papers 12501, C.E.P.R. Discussion Papers.
    15. Konstantin A. Kholodilin & Claus Michelsen & Dirk Ulbricht, 2018. "Speculative price bubbles in urban housing markets," Empirical Economics, Springer, vol. 55(4), pages 1957-1983, December.
    16. Hülsewig, Oliver & Rottmann, Horst, 2021. "Euro area house prices and unconventional monetary policy surprises," Economics Letters, Elsevier, vol. 205(C).
    17. Bruno Albuquerque, 2019. "One Size Fits All? Monetary Policy and Asymmetric Household Debt Cycles in U.S. States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(5), pages 1309-1353, August.
    18. Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2023. "One Monetary Policy and Two Bank Lending Standards: A Tale of Two Europes," Working papers 2023rwp-209, Yonsei University, Yonsei Economics Research Institute.
    19. Gunther Schnabl, 2016. "Central Banking and Crisis Management from the Perspective of Austrian Business Cycle Theory," CESifo Working Paper Series 6179, CESifo.
    20. Knut Are Aastveit & André K. Anundsen, 2018. "Asymmetric effects of monetary policy in regional housing markets," Working Papers 2018/08, Institut d'Economia de Barcelona (IEB).
    21. Papadopoulos, Georgios, 2019. "Income inequality, consumption, credit and credit risk in a data-driven agent-based model," Journal of Economic Dynamics and Control, Elsevier, vol. 104(C), pages 39-73.
    22. Ms. Aleksandra Zdzienicka & Ms. Sally Chen & Federico Diaz Kalan & Stefan Laseen & Katsiaryna Svirydzenka, 2015. "Effects of Monetary and Macroprudential Policies on Financial Conditions: Evidence from the United States," IMF Working Papers 2015/288, International Monetary Fund.
    23. Schüler, Yves S. & Hiebert, Paul P. & Peltonen, Tuomas A., 2020. "Financial cycles: Characterisation and real-time measurement," Journal of International Money and Finance, Elsevier, vol. 100(C).
    24. Diego Vílchez, 2015. "Assessing the House Price Dynamics in Lima," IHEID Working Papers 09-2015, Economics Section, The Graduate Institute of International Studies.
    25. Ugo Panizza, 2015. "Billions on the Sidewalk: Improving Savings by Reducing Investment Mistakes," IHEID Working Papers 18-2015, Economics Section, The Graduate Institute of International Studies.
    26. James Cloyne & Clodomiro Ferreira & Paolo Surico, 2016. "Monetary policy when households have debt: new evidence on the transmission mechanism," Bank of England working papers 589, Bank of England.
    27. David Finck & Joerg Schmidt & Peter Tillmann, 2018. "Mortgage Debt and Time-Varying Monetary Policy Transmission," MAGKS Papers on Economics 201809, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    28. Holmes, Mark J. & Otero, Jesús & Panagiotidis, Theodore, 2019. "Property heterogeneity and convergence club formation among local house prices," Journal of Housing Economics, Elsevier, vol. 43(C), pages 1-13.
    29. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M Taylor, 2019. "The Rate of Return on Everything, 1870–2015," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(3), pages 1225-1298.
    30. Gergely Ganics & Atsushi Inoue & Barbara Rossi, 2019. "Confidence Intervals for Bias and Size Distortion in IV and Local Projections–IV Models," Working Papers 1077, Barcelona School of Economics.
    31. Mehdi El Herradi & Aurélien Leroy, 2021. "Monetary Policy and the Top 1%: Evidence from a Century of Modern Economic History," International Journal of Central Banking, International Journal of Central Banking, vol. 17(71), pages 1-41, December.
    32. Federica Ciocchetta & Elisa Guglielminetti & Alessandro Mistretta, 2023. "What drives house prices in Europe?," Questioni di Economia e Finanza (Occasional Papers) 764, Bank of Italy, Economic Research and International Relations Area.
    33. Barasinska, Nataliya & Haenle, Philipp & Koban, Anne & Schmidt, Alexander, 2019. "Stress testing the German mortgage market," Discussion Papers 17/2019, Deutsche Bundesbank.
    34. Mikael Juselius & Mathias Drehmann, 2015. "Leverage dynamics and the real burden of debt," BIS Working Papers 501, Bank for International Settlements.
    35. Altunbas, Yener & Manganelli, Simone & Marques-Ibanez, David, 2017. "Realized bank risk during the great recession," Journal of Financial Intermediation, Elsevier, vol. 32(C), pages 29-44.
    36. Robin Döttling & Enrico Perotti, 2015. "Mortgage Finance and Technological Change," Tinbergen Institute Discussion Papers 15-079/IV, Tinbergen Institute.
    37. Paolo Giordani & Simon H. Kwan, 2019. "Tracking Financial Fragility," Working Paper Series 2019-6, Federal Reserve Bank of San Francisco.
    38. Hülsewig, Oliver & Rottmann, Horst, 2021. "Euro area periphery countries' fiscal policy and monetary policy surprises," Weidener Diskussionspapiere 81, University of Applied Sciences Amberg-Weiden (OTH).
    39. Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2025. "One Size Does Not Fit All: Unveiling Asymmetric Transmission of Monetary Policy in the Euro Area," Working papers 2025rwp-256, Yonsei University, Yonsei Economics Research Institute.
    40. Chen, Guojin & Chen, Lingling & Liu, Yanzhen & Qu, Yuxuan, 2021. "Stock price bubbles, leverage and systemic risk," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 405-417.
    41. Jean-Charles BRICONGNE & Alessandro TURRINI & Peter PONTUCH, 2019. "Assessing House Prices: Insights from HouseLev, a Dataset of Price Level Estimates," LEO Working Papers / DR LEO 2675, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    42. Rebucci, Alessandro & Bednarek, Peter & te Kaat, Daniel Marcel & Ma, Chang, 2019. "Capital Flows, Real Estate, and Local Cycles: Evidence from German Cities, Banks, and Firms," CEPR Discussion Papers 14187, C.E.P.R. Discussion Papers.
    43. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Macrofinancial History and the New Business Cycle Facts," NBER Working Papers 22743, National Bureau of Economic Research, Inc.
    44. Gerdie Everaert & Lorenzo Pozzi, 2022. "Encompassing measures of international consumption risk sharing and their link with trade and financial globalization," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 433-449, March.
    45. Carlos Garriga & Aaron Hedlund, 2019. "Crises in the Housing Market: Causes, Consequences, and Policy Lessons," Working Papers 2019-33, Federal Reserve Bank of St. Louis.
    46. Hülsewig, Oliver & Steinbach, Armin, 2021. "Monetary financing and fiscal discipline," International Review of Law and Economics, Elsevier, vol. 68(C).
    47. Saleem Bahaj & Jonathan Bridges & Frederic Malherbe & Cian O’Neill, 2016. "What determines how banks respond to changes in capital requirements?," Bank of England working papers 593, Bank of England.
    48. Ettmeier, Stephanie & Kriwoluzky, Alexander, 2019. "Same, but different? Testing monetary policy shock measures," Economics Letters, Elsevier, vol. 184(C).
    49. Mehdi El Herradi & Aurélien Leroy, 2020. "Monetary policy and the top one percent: Evidence from a century of modern economic history," AMSE Working Papers 2047, Aix-Marseille School of Economics, France.
    50. Greg Kaplan & Benjamin Moll & Giovanni L. Violante, 2016. "Monetary Policy According to HANK," Working Papers 1602, Council on Economic Policies.
    51. Helmut Herwartz & Christian Ochsner & Hannes Rohloff, 2021. "The Credit Composition of Global Liquidity," MAGKS Papers on Economics 202115, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    52. Berrak Bahadir & Inci Gumus, 2021. "Transmission of Household and Business Credit Shocks in Emerging Markets: The Role of Real Estate," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 49(S2), pages 587-617, September.
    53. Stockhammer, Engelbert & Wildauer, Rafael, 2017. "Expenditure Cascades, Low Interest Rates or Property Booms? Determinants of Household Debt in OECD countries," Greenwich Papers in Political Economy 18276, University of Greenwich, Greenwich Political Economy Research Centre.
    54. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    55. Kim, Soyoung & Mehrotra, Aaron, 2017. "Managing price and financial stability objectives in inflation targeting economies in Asia and the Pacific," Journal of Financial Stability, Elsevier, vol. 29(C), pages 106-116.
    56. Stefan Kerbl & Katharina Steiner, 2020. "Austrian banks’ lending risk appetite in times of expansive monetary policy and tightening capital regulation," Financial Stability Report, Oesterreichische Nationalbank (Austrian Central Bank), issue 39, pages 89-109.
    57. Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The macroeconomic effects of macroprudential policy," BIS Working Papers 740, Bank for International Settlements.
    58. Vadim Elenev & Tim Landvoigt & Stijn Van Nieuwerburgh, 2021. "A Macroeconomic Model With Financially Constrained Producers and Intermediaries," Econometrica, Econometric Society, vol. 89(3), pages 1361-1418, May.
    59. Greg Howard & Jack Liebersohn, 2023. "Regional Divergence and House Prices," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 312-350, July.
    60. Knut Are Aastveit & Andr K. Anundsen & Eyo I. Herstad, 2017. "Residential investment and recession predictability," Working Papers No 8/2017, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    61. Martin Groiss & Nicolas Syrichas, 2025. "Monetary Policy, Property Prices and Rents: Evidence from Local Housing Markets," Berlin School of Economics Discussion Papers 0058, Berlin School of Economics.
    62. Charles W. Calomiris & Matthew Jaremski, 2016. "Deposit Insurance: Theories and Facts," NBER Working Papers 22223, National Bureau of Economic Research, Inc.
    63. Cepni, Oguzhan & Gupta, Rangan, 2021. "Time-varying impact of monetary policy shocks on US stock returns: The role of investor sentiment," The North American Journal of Economics and Finance, Elsevier, vol. 58(C).
    64. Tobias König, 2025. "Financial Constraints and the Micro Origins of Aggregate Equity Shocks in Capital Markets," CRC TR 224 Discussion Paper Series crctr224_2025_675, University of Bonn and University of Mannheim, Germany.
    65. Molterer, Manuel, 2019. "Tougher than the rest? The resilience of specialized financial intermediation to macroeconomic shocks," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 163-174.
    66. Knut Are Aastveit & Bruno Albuquerque & André K. Anundsen, 2023. "Changing Supply Elasticities and Regional Housing Booms," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(7), pages 1749-1783, October.
    67. Dieci, Roberto & Westerhoff, Frank, 2016. "Heterogeneous expectations, boom-bust housing cycles, and supply conditions: A nonlinear economic dynamics approach," Journal of Economic Dynamics and Control, Elsevier, vol. 71(C), pages 21-44.
    68. Ahnert, Toni & Perotti, Enrico, 2021. "Cheap but flighty: A theory of safety-seeking capital flows," Journal of Banking & Finance, Elsevier, vol. 131(C).
    69. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    70. Mikael Juselius & Anton Korinek & Mathias Drehmann, 2017. "Debt Service: The Painful Legacy of Credit Booms," 2017 Meeting Papers 1258, Society for Economic Dynamics.
    71. Atif Mian & Amir Sufi, 2016. "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt," NBER Working Papers 22256, National Bureau of Economic Research, Inc.
    72. Gregory Bauer & Eleonora Granziera, 2016. "Monetary Policy, Private Debt and Financial Stability Risks," Staff Working Papers 16-59, Bank of Canada.
    73. Jean Arcand & Enrico Berkes & Ugo Panizza, 2015. "Too much finance?," Journal of Economic Growth, Springer, vol. 20(2), pages 105-148, June.
    74. Miranda-Agrippino, Silvia & Ricco, Giovanni, 2019. "Identification with External Instruments in Structural VARs under Partial Invertibility," The Warwick Economics Research Paper Series (TWERPS) 1213, University of Warwick, Department of Economics.
    75. Éric Monnet & Clara Wolf, 2017. "Is demographics the housing cycle?," Rue de la Banque, Banque de France, issue 41, april..
    76. Maghyereh, Aktham & Abdoh, Hussein, 2021. "The effect of structural oil shocks on bank systemic risk in the GCC countries," Energy Economics, Elsevier, vol. 103(C).
    77. Kirschenmann, Karolin & Malinen, Tuomas & Nyberg, Henri, 2016. "The risk of financial crises: Is there a role for income inequality?," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 161-180.
    78. Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2018. "Global Financial Cycles and Risk Premiums," Working Paper Series 2018-5, Federal Reserve Bank of San Francisco.
    79. Anthony Orlando, 2018. "Asset Markets, Credit Markets, and Inequality: Distributional Changes in Housing, 1970-2016," ERES eres2018_182, European Real Estate Society (ERES).
    80. Jörg Breitung & Ralf Brüggemann, 2019. "Projection estimators for structural impulse responses," Working Paper Series of the Department of Economics, University of Konstanz 2019-05, Department of Economics, University of Konstanz.
    81. Andrea Gazzani, 2020. "News and noise bubbles in the housing market," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 46-72, April.
    82. Miles, David & Sefton, James, 2017. "Houses across time and across place," CEPR Discussion Papers 12103, C.E.P.R. Discussion Papers.
    83. Gu, Xinhua & Tam, Pui Sun & Lei, Chun Kwok, 2021. "The effects of inequality in the 1997–98 Asian crisis and the 2008–09 global tsunami: The case of five Asian economies," Journal of International Money and Finance, Elsevier, vol. 110(C).
    84. Jaunius Karmelavičius & Ieva Mikaliūnaitė-Jouvanceau & Austėja Petrokaitė, 2022. "Housing and credit misalignments in a two-market disequilibrium framework," Bank of Lithuania Occasional Paper Series 42, Bank of Lithuania.
    85. Ahmed, Rashad, 2021. "Monetary policy spillovers under intermediate exchange rate regimes," Journal of International Money and Finance, Elsevier, vol. 112(C).
    86. Bems, Rudolfs & Caselli, Francesca & Grigoli, Francesco & Gruss, Bertrand, 2021. "Expectations' anchoring and inflation persistence," Journal of International Economics, Elsevier, vol. 132(C).
    87. Guillaume Bazot, 2024. "Deregulation and Financial Intermediation Cost: An International Comparison," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(5), pages 1129-1161, August.
    88. Silvia Miranda Agrippino & Giovanni Ricco, 2018. "Identification with external instruments in structural VARs under partial invertibility," Working Papers hal-03475454, HAL.
    89. Saroj Bhattarai & Felipe Schwartzman & Choongryul Yang, 2019. "The Persistent Employment Effects of the 2006-09 U.S. Housing Wealth Collapse," Working Paper 19-7, Federal Reserve Bank of Richmond.
    90. Mikkel Plagborg-Møller & Christian K. Wolf, 2020. "Local Projections and VARs Estimate the Same Impulse Responses," Working Papers 2020-16, Princeton University. Economics Department..
    91. Campbell, Gareth & Coyle, Christopher & Turner, John D., 2016. "This time is different: Causes and consequences of British banking instability over the long run," Journal of Financial Stability, Elsevier, vol. 27(C), pages 74-94.
    92. Mehdi El Herradi & Aurélien Leroy, 2021. "Monetary Policy and the Top 1%: Evidence from a Century of Modern Economic History," Post-Print hal-03513433, HAL.
    93. Ilzetzki, Ethan & Reinhart, Carmen & Rogoff, Kenneth, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," CEPR Discussion Papers 11826, C.E.P.R. Discussion Papers.
    94. Isabel Schnabel & Christian Seckinger, 2014. "Financial Fragmentation and Economic Growth in Europe," Working Papers 1502, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz, revised 13 Feb 2014.
    95. Quinn, William & Turner, John D., 2021. "Riding the bubble or taken for a ride? Investors in the British bicycle mania," QUCEH Working Paper Series 21-07, Queen's University Belfast, Queen's University Centre for Economic History.
    96. Budnik, Katarzyna & Rünstler, Gerhard, 2020. "Identifying structural VARs from sparse narrative instruments: dynamic effects of U.S. macroprudential policies," Working Paper Series 2353, European Central Bank.
    97. Bronson Argyle & Taylor Nadauld & Christopher Palmer & Ryan Pratt, 2021. "The Capitalization of Consumer Financing into Durable Goods Prices," Journal of Finance, American Finance Association, vol. 76(1), pages 169-210, February.
    98. Rémi Bazillier & Jérôme Héricourt, 2014. "The Circular Relationship between Inequality, Leverage, and Financial Crises: Intertwined Mechanisms and Competing Evidence," Working Papers 2014-22, CEPII research center.
    99. Paolo Gelain & Kevin J. Lansing & Gisle J. Natvik, 2018. "Explaining the Boom–Bust Cycle in the U.S. Housing Market: A Reverse‐Engineering Approach," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(8), pages 1751-1783, December.
    100. Schularick, Moritz & Richter, Björn & Shim, Ilhyock, 2018. "The Costs of Macroprudential Policy," CEPR Discussion Papers 13124, C.E.P.R. Discussion Papers.
    101. Charles Ka Yui Leung & Edward Chi Ho Tang, 2021. "The Dynamics of the House Price-to-Income Ratio: Theory and Evidence," GRU Working Paper Series GRU_2021_005, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    102. Òscar Jordà & Fernanda Nechio, 2019. "Inflation Globally," Working Papers Central Bank of Chile 850, Central Bank of Chile.
    103. Anastasios Evgenidis & Anastasios G. Malliaris, 2022. "Monetary policy, financial shocks and economic activity," Review of Quantitative Finance and Accounting, Springer, vol. 59(2), pages 429-456, August.
    104. Moritz Schularick & Ilhyock Shim, 2017. "Household credit in Asia-Pacific," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial systems and the real economy, volume 91, pages 129-144, Bank for International Settlements.
    105. Petre Caraiani & Rangan Gupta & Chi Keung Marco Lau & Hardik A. Marfatia, 2019. "Effects of Conventional and Unconventional Monetary Policy Shocks on Housing Prices in the United States: The Role of Sentiment," Working Papers 201953, University of Pretoria, Department of Economics.
    106. Lenarčič, Črt, 2021. "Estimating business and financial cycles in Slovenia," MPRA Paper 109977, University Library of Munich, Germany.
    107. Daisuke MIYAKAWA & Chihiro SHIMIZU & Iichiro UESUGI, 2019. "Geography and Realty Prices: Evidence from International Transaction-Level Data," Discussion papers 19011, Research Institute of Economy, Trade and Industry (RIETI).
    108. William Diamond & Tim Landvoigt, 2019. "Credit Cycles with Market Based Household Leverage," 2019 Meeting Papers 162, Society for Economic Dynamics.
    109. Aizenman, Joshua, 2019. "A modern reincarnation of Mundell-Fleming's trilemma," Economic Modelling, Elsevier, vol. 81(C), pages 444-454.
    110. Konstantin A. Kholodilin & Claus Michelsen & Dirk Ulbricht, 2015. "Is There a Bubble in the German Housing Market?," DIW Roundup: Politik im Fokus 53, DIW Berlin, German Institute for Economic Research.
    111. Tobias Herbst & Moritz Kuhn & Farzad Saidi, 2024. "Army of Mortgagors: Long-Run Evidence on Credit Externalities and the Housing Market," ECONtribute Discussion Papers Series 293, University of Bonn and University of Cologne, Germany.
    112. Bauer, Gregory H., 2017. "International house price cycles, monetary policy and credit," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 88-114.
    113. Enrico Perotti & Toni Ahnert, 2015. "Cheap but Flighty: How Global Imbalances create Financial Fragility," Tinbergen Institute Discussion Papers 15-036/IV/DSF89, Tinbergen Institute.
    114. Nathaniel P. S. Cook & Jason C. Jones, 2021. "The African Growth and Opportunity Act and growth in sub‐Saharan Africa: A local projection approach," The World Economy, Wiley Blackwell, vol. 44(1), pages 234-261, January.
    115. de Ridder, M. & Pfajfar, D., 2017. "Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks," Cambridge Working Papers in Economics 1717, Faculty of Economics, University of Cambridge.
    116. Masahiro Tanaka, 2025. "Quasi-Bayesian Local Projections: Simultaneous Inference and Extension to the Instrumental Variable Method," Papers 2503.20249, arXiv.org, revised Dec 2025.
    117. Monnet, Eric & Wolf , Clara, 2017. "Demographic cycles, migration and housing investment," Journal of Housing Economics, Elsevier, vol. 38(C), pages 38-49.
    118. Ahmed, Rashad, 2020. "Monetary Policy Spillovers under Intermediate Exchange Rate Regimes," MPRA Paper 98852, University Library of Munich, Germany.
    119. Charles A. E. Goodhart & Meinhard A. Jensen, 2015. "A Commentary on Patrizio Lainà's 'Proposals for Full-Reserve Banking: A Historical Survey from David Ricardo to Martin Wolf'," Economic Thought, World Economics Association, vol. 4(2), pages 1-20, September.
    120. David Aikman & Andreas Lehnert & J. Nellie Liang & Michele Modugno, 2016. "Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy," Finance and Economics Discussion Series 2016-055, Board of Governors of the Federal Reserve System (U.S.).
    121. Zoë Venter, 2021. "Honing in on Housing," Working Papers REM 2021/0163, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    122. Khalil, Makram, 2016. "Cross-Border Portfolio Diversification under Trade Linkages," VfS Annual Conference 2016 (Augsburg): Demographic Change 145811, Verein für Socialpolitik / German Economic Association.
    123. Lucidi, Francesco Simone & Semmler, Willi, 2022. "Supervisory shocks to banks' credit standards and their macroeconomic impact," Journal of Financial Stability, Elsevier, vol. 58(C).
    124. Mehl, Arnaud & Dedola, Luca & Georgiadis, Georgios & Gräb, Johannes, 2020. "Does a Big Bazooka Matter? Quantitative Easing Policies and Exchange Rates," CEPR Discussion Papers 14324, C.E.P.R. Discussion Papers.
    125. Atif R. Mian & Amir Sufi, 2018. "Finance and Business Cycles: The Credit-Driven Household Demand Channel," NBER Working Papers 24322, National Bureau of Economic Research, Inc.
    126. Murray, Cameron & Ryan-Collins, Josh, 2020. "When homes earn more than jobs: the rentierization of the Australian housing market," OSF Preprints 8f67h, Center for Open Science.
    127. Perotti, Enrico & Döttling, Robin, 2019. "Redistributive Growth," CEPR Discussion Papers 13984, C.E.P.R. Discussion Papers.
    128. Ashesh Rambachan & Neil Shephard, 2019. "When do common time series estimands have nonparametric causal meaning?," Papers 1903.01637, arXiv.org, revised Jan 2025.
    129. Berrak Bahadir & Neven Valev, 2020. "Institutions, Household Credit Composition, And The Business Cycle," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1401-1413, July.
    130. Ochs, A. C. R., 2021. "A New Monetary Policy Shock with Text Analysis," Cambridge Working Papers in Economics 2148, Faculty of Economics, University of Cambridge.
    131. Barry Eichengreen, 2016. "The Great Depression in a Modern Mirror," De Economist, Springer, vol. 164(1), pages 1-17, March.
    132. Wildmer Daniel Gregori & Ângelo Ramos, 2024. "Time-varying effects of monetary and macroprudential policies: does high inflation matter?," Working Papers w202401, Banco de Portugal, Economics and Research Department.
    133. Simeon Nanovsky & Yoonbai Kim, 2018. "International Capital Movement and Monetary Independence in Asia," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 24(2), pages 179-198, May.
    134. Tianyu Fan, 2025. "The Geopolitical Determinants of Economic Growth, 1960-2024," Papers 2507.04833, arXiv.org, revised Nov 2025.
    135. Singh, Aarti & Suda, Jacek & Zervou, Anastasia, 2021. "Heterogeneous labour market response to monetary policy: small versus large firms," Working Papers 2021-07, University of Sydney, School of Economics, revised Nov 2021.
    136. Konstantin Kholodilin, 2015. "Speculative Bubbles in Urban Housing Markets in Germany," ERSA conference papers ersa15p67, European Regional Science Association.
    137. Guérineau, Samuel & Léon, Florian, 2019. "Information sharing, credit booms and financial stability: Do developing economies differ from advanced countries?," Journal of Financial Stability, Elsevier, vol. 40(C), pages 64-76.
    138. Fei Guo & Isabel Kit-Ming Yan & Tao Chen & Chuntien Hu, 2021. "Fiscal Multiplier, Monetary Shock and Hand-to-Mouth Household," GRU Working Paper Series GRU_2021_025, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.

  25. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2014. "Labor Markets in the Global Financial Crisis: The Good, the Bad and the Ugly," Working Paper Series 2014-11, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Anna-Maria Kanzola, 2024. "The Knowledge Content of the Greek Production Structure in the Aftermath of the Greek Crisis," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 936-957, March.
    2. Levin, Andrew T., 2014. "The design and communication of systematic monetary policy strategies," Journal of Economic Dynamics and Control, Elsevier, vol. 49(C), pages 52-69.
    3. Foroni, Claudia & Furlanetto, Francesco, 2022. "Explaining deviations from Okun’s law," Working Paper Series 2699, European Central Bank.
    4. Mark Elder & Magnus Bengtsson & Lewis Akenji, 2016. "An Optimistic Analysis of the Means of Implementation for Sustainable Development Goals: Thinking about Goals as Means," Sustainability, MDPI, vol. 8(9), pages 1-24, September.

  26. Joshua D. Angrist & Òscar Jordà & Guido M. Kuersteiner, 2013. "Semiparametric Estimates of Monetary Policy Effects: String Theory Revisited," Working Paper Series 2013-24, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Mokas, Dimitris & Giuliodori, Massimo, 2023. "Effects of LTV announcements in EU economies," Journal of International Money and Finance, Elsevier, vol. 133(C).
    2. Fergus Cumming & Paul Hubert, 2019. "The role of households' borrowing constraints in the transmission of monetary policy," Sciences Po Economics Publications (main) hal-03403257, HAL.
    3. Blanco Barroso, Joao & Barbone Gonzalez, Rodrigo & Peydró, José-Luis & Nazar van Doornik, Bernardus, 2019. "Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil," EconStor Preprints 216792, ZBW - Leibniz Information Centre for Economics.
    4. Ernesto Crivelli & Mr. Sanjeev Gupta, 2014. "Does conditionality in IMF-supported programs promote revenue reform?," IMF Working Papers 2014/206, International Monetary Fund.
    5. M. Hashem Pesaran & Ron P Smith, 2014. "Counterfactual Analysis in Macroeconometrics: An Empirical Investigation into the Effects of Quantitative Easing," Birkbeck Working Papers in Economics and Finance 1406, Birkbeck, Department of Economics, Mathematics & Statistics.
    6. Kamalyan, Hayk, 2021. "The State-Dependent Effects of Monetary Policy," MPRA Paper 107489, University Library of Munich, Germany.
    7. Mr. Pragyan Deb & Julia Estefania-Flores & Melih Firat & Davide Furceri & Siddharth Kothari, 2023. "Monetary Policy Transmission Heterogeneity: Cross-Country Evidence," IMF Working Papers 2023/204, International Monetary Fund.
    8. Antonis Adam & Thomas Moutos, 2023. "Do Public Sector Employment Reductions Promote Informality?," CESifo Working Paper Series 10614, CESifo.
    9. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," NBER Working Papers 20501, National Bureau of Economic Research, Inc.
    10. Jackson, Laura E. & Owyang, Michael T. & Soques, Daniel, 2018. "Nonlinearities, smoothing and countercyclical monetary policy," Journal of Economic Dynamics and Control, Elsevier, vol. 95(C), pages 136-154.
    11. Giacomo Rella, 2021. "The Fed, housing and household debt over time," Department of Economics University of Siena 850, Department of Economics, University of Siena.
    12. Forni, Mario & Debortoli, Davide & Gambetti, Luca & Sala, Luca, 2020. "Asymmetric Effects of Monetary Policy Easing and Tightening," CEPR Discussion Papers 15005, C.E.P.R. Discussion Papers.
    13. John Aguirre & Alan Ledesma & Fernando Perez & Youel Rojas, 2025. "Economic activity, inflation, and monetary policy after extreme weather events: ENSO and its economic impact on the Peruvian economy," BIS Working Papers 1276, Bank for International Settlements.
    14. Bruns, Martin & Lütkepohl, Helmut, 2022. "Comparison of local projection estimators for proxy vector autoregressions," Journal of Economic Dynamics and Control, Elsevier, vol. 134(C).
    15. Gonçalves, Sílvia & Herrera, Ana María & Kilian, Lutz & Pesavento, Elena, 2024. "State-dependent local projections," Journal of Econometrics, Elsevier, vol. 244(2).
    16. Benjamin Gardner & Chiara Scotti & Clara Vega, 2021. "Words Speak as Loudly as Actions: Central Bank Communication and the Response of Equity Prices to Macroeconomic Announcements," Finance and Economics Discussion Series 2021-074, Board of Governors of the Federal Reserve System (U.S.).
    17. Felipe Benguria & Alan M. Taylor, 2020. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," American Economic Review: Insights, American Economic Association, vol. 2(4), pages 509-526, December.
    18. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, C.E.P.R. Discussion Papers.
    19. Ryan Niladri Banerjee & Fabrizio Zampolli, 2016. "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," BIS Working Papers 553, Bank for International Settlements.
    20. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2016. "Sovereigns going bust: estimating the cost of default," Bonn Econ Discussion Papers 01/2016, University of Bonn, Bonn Graduate School of Economics (BGSE).
    21. Zeqin Liu & Zongwu Cai & Ying Fang & Ming Lin, 2019. "Statistical Analysis and Evaluation of Macroeconomic Policies: A Selective Review," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201904, University of Kansas, Department of Economics, revised Mar 2019.
    22. Everaert, Gerdie & Pozzi, Lorenzo, 2025. "Financial development in the aftermath of banking crises," Journal of International Money and Finance, Elsevier, vol. 157(C).
    23. Robert Adamek & Stephan Smeekes & Ines Wilms, 2022. "Local Projection Inference in High Dimensions," Papers 2209.03218, arXiv.org, revised Apr 2024.
    24. Toru Kitagawa & Weining Wang & Mengshan Xu, 2024. "Policy choice in time series by empirical welfare maximization," CeMMAP working papers 27/24, Institute for Fiscal Studies.
    25. Hauzenberger, Niko & Pfarrhofer, Michael & Stelzer, Anna, 2021. "On the effectiveness of the European Central Bank’s conventional and unconventional policies under uncertainty," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 822-845.
    26. Luca Metelli & Filippo Natoli & Luca Rossi, 2020. "Monetary policy gradualism and the nonlinear effects of monetary shocks," Temi di discussione (Economic working papers) 1275, Bank of Italy, Economic Research and International Relations Area.
    27. Enrico Wegner & Lenard Lieb & Stephan Smeekes & Ines Wilms, 2024. "Transmission Channel Analysis in Dynamic Models," Papers 2405.18987, arXiv.org, revised May 2025.
    28. De Santis, Roberto A. & Tornese, Tommaso, 2024. "US monetary policy is more powerful in low economic growth regimes," Working Paper Series 2919, European Central Bank.
    29. Jordà, Òscar & Taylor, Alan M., 2014. "The time for austerity: Estimating the average treatment effect of fiscal policy," SAFE Working Paper Series 79, Leibniz Institute for Financial Research SAFE.
    30. Dörffel, Christoph & Freytag, Andreas, 2023. "The poverty effect of democratization," World Development, Elsevier, vol. 165(C).
    31. Tenreyro, Silvana & De Silva, Tiloka, 2021. "Climate-change pledges, actions and outcomes," LSE Research Online Documents on Economics 112139, London School of Economics and Political Science, LSE Library.
    32. Çerçil, İrfan & Aksaray, Gorkem, 2025. "Monetary policy and inequality: Distributional effects of asset purchase programs," Journal of International Money and Finance, Elsevier, vol. 157(C).
    33. Mehdi El Herradi & Aurélien Leroy, 2022. "The rich, poor, and middle class: Banking crises and income distribution," Post-Print hal-03770620, HAL.
    34. Zongwu Cai & Ying Fang & Ming Lin & Shengfang Tang, 2024. "Testing conditional independence in casual inference for time series data," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 78(2), pages 397-426, May.
    35. Alessandri, Piergiorgio & Jordà, Òscar & Venditti, Fabrizio, 2025. "Decomposing the monetary policy multiplier," Journal of Monetary Economics, Elsevier, vol. 152(C).
    36. Baqaee, David Rezza, 2020. "Asymmetric inflation expectations, downward rigidity of wages, and asymmetric business cycles," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 174-193.
    37. Max Breitenlechner & Johann Scharler, 2020. "Private Sector Debt, Financial Constraints, and the Effects of Monetary Policy: Evidence from the US," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(4), pages 889-915, August.
    38. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    39. Christophe Blot & Paul Hubert & Fabien Labondance, 2020. "The asymmetric effects of monetary policy on stock price bubbles," Documents de Travail de l'OFCE 2020-12, Observatoire Francais des Conjonctures Economiques (OFCE).
    40. Guido M. Kuersteiner & David C. Phillips & Mauricio Villamizar-Villegas, 2016. "Effective Sterilized Foreign Exchange Intervention? Evidence from a Rule-Based Policy," Borradores de Economia 964, Banco de la Republica de Colombia.
    41. Johannes F. Wieland & Mu‐Jeung Yang, 2020. "Financial Dampening," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(1), pages 79-113, February.
    42. Francesca Caselli & Mr. Philippe Wingender, 2018. "Bunching at 3 Percent: The Maastricht Fiscal Criterion and Government Deficits," IMF Working Papers 2018/182, International Monetary Fund.
    43. Shirota, Toyoichiro, 2018. "Evaluating the Unconventional Monetary Policy in Stock Markets : A Semi-parametric Approach," Discussion paper series. A 322, Graduate School of Economics and Business Administration, Hokkaido University.
    44. Oscar Jorda & Alan Taylor & Sanjay Singh, 2019. "The Long-Run Effects of Monetary Policy," 2019 Meeting Papers 1307, Society for Economic Dynamics.
    45. Alessio Anzuini & Luca Rossi, 2021. "Unconventional monetary policies and expectations on economic variables," Temi di discussione (Economic working papers) 1323, Bank of Italy, Economic Research and International Relations Area.
    46. Fratzscher, Marcel & Forbes, Kristin & Straub, Roland, 2014. "Capital Controls and Macroprudential Measures: What Are They Good For?," CEPR Discussion Papers 9798, C.E.P.R. Discussion Papers.
    47. Antonis Adam & Sofia Tsarsitalidou, 2019. "Do sanctions lead to a decline in civil liberties?," Public Choice, Springer, vol. 180(3), pages 191-215, September.
    48. Damiano Di Francesco & Omar Pietro Carnevale, 2025. "Are Hysteresis Effects Nonlinear?," LEM Papers Series 2025/32, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    49. Jongrim Ha, 2020. "Nonlinear transmission of U.S. monetary policy shocks to international financial markets," International Finance, Wiley Blackwell, vol. 23(3), pages 350-369, December.
    50. Bunce, Alan & Carrillo-Maldonado, Paul, 2023. "Asymmetric effect of the oil price in the ecuadorian economy," Energy Economics, Elsevier, vol. 124(C).
    51. Emanuel Kohlscheen & Aaron Mehrotra & Dubravko Mihaljek, 2018. "Residential investment and economic activity: evidence from the past five decades," BIS Working Papers 726, Bank for International Settlements.
    52. Barnichon, Regis & Matthes, Christian, 2016. "Gaussian Mixture Approximations of Impulse Responses and The Non-Linear Effects of Monetary Shocks," CEPR Discussion Papers 11374, C.E.P.R. Discussion Papers.
    53. Christian Matthes & Regis Barnichon, 2015. "Measuring the Non-Linear Effects of Monetary Policy," 2015 Meeting Papers 49, Society for Economic Dynamics.
    54. Kaixing Huang, 2024. "Fertility and long‐term economic growth," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 1152-1171, July.
    55. Matthias Neuenkirch, 2020. "An Unconventional Approach to Evaluate the Bank of England’s Asset Purchase Program," Open Economies Review, Springer, vol. 31(1), pages 79-94, February.
    56. Fergus Cumming & Paul Hubert, 2019. "The Role of Households' Borrowing Constraints in the Transmission of Monetary Policy This paper investigates how the transmission of monetary policy to the real economy depends on the distribution of ," Documents de Travail de l'OFCE 2019-20, Observatoire Francais des Conjonctures Economiques (OFCE).
    57. Antonis Adam & Sofia Tsarsitalidou, 2024. "Be my guest: the effect of foreign policy visits to the USA on FDI," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 160(2), pages 455-480, May.
    58. Paranhos, Livia, 2025. "How do firms’ financial conditions influence the transmission of monetary policy? A non-parametric local projection approach," Journal of Econometrics, Elsevier, vol. 249(PC).
    59. François Bareille & Julien Wolfersberger & Matteo Zavalloni, 2023. "Institutions and conservation: The case of protected areas," Post-Print hal-03920138, HAL.
    60. Bechchani, Khalil, 2025. "Austerity reexamined: Uncovering the role of the shadow economy," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1291-1317.
    61. Stockwell, Thomas, 2023. "Should models of monetary policy asymmetry include interaction terms?," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    62. Kristin Forbes & Marcel Fratzscher & Roland Straub, 2015. "Capital Flow Management Measures: What Are They Good For?," NBER Working Papers 20860, National Bureau of Economic Research, Inc.
    63. Sheng, Xin & Marfatia, Hardik A. & Gupta, Rangan & Ji, Qiang, 2023. "The non-linear response of US state-level tradable and non-tradable inflation to oil shocks: The role of oil-dependence," Research in International Business and Finance, Elsevier, vol. 64(C).
    64. Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2024. "Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option," Working papers 2024rwp-228, Yonsei University, Yonsei Economics Research Institute.
    65. Carvalho, Carlos & Masini, Ricardo & Medeiros, Marcelo C., 2018. "ArCo: An artificial counterfactual approach for high-dimensional panel time-series data," Journal of Econometrics, Elsevier, vol. 207(2), pages 352-380.
    66. Kloosterman, Roben & Bonam, Dennis & van der Veer, Koen, 2024. "The effects of monetary policy across fiscal regimes," Journal of Macroeconomics, Elsevier, vol. 81(C).
    67. Philippe Goulet Coulombe & Maximilian Goebel & Karin Klieber, 2024. "Dual Interpretation of Machine Learning Forecasts," Papers 2412.13076, arXiv.org.
    68. Arefeva, Alina & Arefyev, Nikolay, 2025. "Playing by the Taylor rules or sticking to Friedman’s policy: A new approach to monetary policy identification," Economic Modelling, Elsevier, vol. 143(C).
    69. Viral V. Acharya & Lea Borchert & Maximilian Jager & Sascha Steffen, 2023. "Kicking the Can Down the Road: Government Interventions in the European Banking Sector," CRC TR 224 Discussion Paper Series crctr224_2023_446, University of Bonn and University of Mannheim, Germany.
    70. Victor Song & Libo Xu, 2023. "Do Monetary Policy Shocks Have Asymmetric Effects on Stock Market?," Open Economies Review, Springer, vol. 34(5), pages 1063-1078, November.
    71. Tenreyro, Silvana & Thwaites, Gregory, 2015. "Pushing on a String: US Monetary Policy is Less Powerful in Recessions," CEPR Discussion Papers 10786, C.E.P.R. Discussion Papers.
    72. Valerie A. Ramey, 2016. "Macroeconomic Shocks and Their Propagation," NBER Working Papers 21978, National Bureau of Economic Research, Inc.
    73. Caselli, Francesca & Wingender, Philippe, 2021. "Heterogeneous effects of fiscal rules: The Maastricht fiscal criterion and the counterfactual distribution of government deficits✰," European Economic Review, Elsevier, vol. 136(C).
    74. Klieber, Karin & Coulombe, Philippe Goulet, 2025. "Opening the black box of local projections," Working Paper Series 3105, European Central Bank.
    75. Llanos, Cristian & Kristjanpoller, Werner & Michell, Kevin & Minutolo, Marcel C., 2022. "Causal treatment effects in time series: CO2 emissions and energy consumption effect on GDP," Energy, Elsevier, vol. 249(C).
    76. Mary Everett & Jakob de Haan & David‐Jan Jansen & Peter McQuade & Anna Samarina, 2021. "Mortgage lending, monetary policy, and prudential measures in small euro‐area economies: Evidence from Ireland and the Netherlands," Review of International Economics, Wiley Blackwell, vol. 29(1), pages 117-143, February.
    77. Leonardo Nogueira Ferreira, 2023. "Monetary Policy Surprises, Financial Conditions, and the String Theory Revisited," Working Papers Series 573, Central Bank of Brazil, Research Department.
    78. Jackson, Laura E. & Kurt, Ezgi, 2025. "Downward wage rigidity and asymmetric effects of monetary policy," Journal of Macroeconomics, Elsevier, vol. 83(C).
    79. Roben Kloosterman & Dennis Bonam & Koen van der Veer, 2022. "The effects of monetary policy across fiscal regimes," Working Papers 755, DNB.
    80. Mistak, Jakub & Ozkan, F. Gulcin, 2024. "Asymmetric monetary policy spillovers: the role of supply chains, credit networks and fear of floating," Working Paper Series 2995, European Central Bank.
    81. Kim, Youngju & Lim, Hyunjoon, 2020. "Transmission of monetary policy in times of high household debt," Journal of Macroeconomics, Elsevier, vol. 63(C).
    82. Bennett Schmanski & Chiara Scotti & Clara Vega, 2023. "Fed Communication, News, Twitter, and Echo Chambers," Finance and Economics Discussion Series 2023-036, Board of Governors of the Federal Reserve System (U.S.).
    83. Daron Acemoglu & Suresh Naidu & Pascual Restrepo & James A. Robinson, 2014. "Democracy Does Cause Growth," NBER Working Papers 20004, National Bureau of Economic Research, Inc.
    84. Jalan, Akanksha & Matkovskyy, Roman & Urquhart, Andrew, 2022. "Demand elasticities of Bitcoin and Ethereum," Economics Letters, Elsevier, vol. 220(C).
    85. Hoda Youssef & Ibrahim Elbadawi & Raimundo Soto, 2018. "Sovereign Wealth Funds and Macroeconomic Stabilization in the Home Economy," Working Papers 1175, Economic Research Forum, revised 29 Mar 2008.
    86. Tao, Miaomiao & Saadaoui, Jamel, 2025. "The Economic Cost of Nationalism," MPRA Paper 125113, University Library of Munich, Germany.
    87. Antonis Adam & Evi Tsavou, 2024. "Assessing the effect of international terrorism on civil liberties using a potential outcomes framework," Public Choice, Springer, vol. 200(1), pages 201-236, July.
    88. James Cloyne & Òscar Jordà & Alan M. Taylor, 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," Working Paper Series 2023-05, Federal Reserve Bank of San Francisco.
    89. Adam, Antonis & Tsarsitalidou, Sofia, 2019. "Serving two masters: The effect of state religion on fiscal capacity," MPRA Paper 101857, University Library of Munich, Germany.
    90. Moritz Schularick & Ilhyock Shim, 2017. "Household credit in Asia-Pacific," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial systems and the real economy, volume 91, pages 129-144, Bank for International Settlements.
    91. Leonardo Marinho, 2022. "Causal Impulse Responses for Time Series," Working Papers Series 570, Central Bank of Brazil, Research Department.
    92. Toru Kitagawa & Weining Wang & Mengshan Xu, 2022. "Policy Choice in Time Series by Empirical Welfare Maximization," Papers 2205.03970, arXiv.org, revised Nov 2025.
    93. Samba Mbaye & Ms. Marialuz Moreno Badia & Kyungla Chae, 2018. "Bailing Out the People? When Private Debt Becomes Public," IMF Working Papers 2018/141, International Monetary Fund.
    94. Kristin J. Forbes & Michael W. Klein, 2015. "Pick Your Poison: The Choices and Consequences of Policy Responses to Crises," NBER Working Papers 20987, National Bureau of Economic Research, Inc.
    95. Martin Harding & Mathias Klein, 2022. "Monetary policy and household net worth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 125-151, April.
    96. Nabil Daher, 2025. "Is growth at risk from natural disasters ? Evidence from quantile local projections," EconomiX Working Papers 2025-9, University of Paris Nanterre, EconomiX.
    97. Pontines, Victor & Luvsannyam, Davaajargal & Atarbaatar, Enkhjin & Munkhtsetseg, Ulziikhutag, 2021. "The effectiveness of currency intervention: Evidence from Mongolia," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).
    98. Masahiro Tanaka, 2025. "Quasi-Bayesian Local Projections: Simultaneous Inference and Extension to the Instrumental Variable Method," Papers 2503.20249, arXiv.org, revised Dec 2025.
    99. Abel François & Pierre-Guillaume Méon, 2021. "Politicians at higher levels of government are perceived as more corrupt," ULB Institutional Repository 2013/314760, ULB -- Universite Libre de Bruxelles.
    100. André Diniz, 2018. "Effects of Fiscal Consolidations in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(4), pages 694-731, December.
    101. Dal Borgo, Mariela, 2024. "Effect of a transfer shock on subnational debt: Micro evidence from Mexico," Journal of Public Economics, Elsevier, vol. 239(C).
    102. Mäkinen, Taneli & Li, Fan & Mercatanti, Andrea & Silvestrini, Andrea, 2022. "Causal analysis of central bank holdings of corporate bonds under interference," Economic Modelling, Elsevier, vol. 113(C).
    103. Davide Viviano & Jelena Bradic, 2021. "Dynamic covariate balancing: estimating treatment effects over time with potential local projections," Papers 2103.01280, arXiv.org, revised Jan 2024.
    104. Timothy Armstrong & Martin Weidner & Andrei Zeleneev, 2024. "Robust estimation and inference in panels with interactive fixed effects," IFS Working Papers WCWP28/24, Institute for Fiscal Studies.
    105. Philippe Goulet Coulombe & Karin Klieber, 2025. "Opening the Black Box of Local Projections," Papers 2505.12422, arXiv.org, revised Jul 2025.
    106. Kärkkäinen, Samu & Silvo, Aino, 2023. "Household debt, liquidity constraints and the interest rate elasticity of private consumption," BoF Economics Review 2/2023, Bank of Finland.
    107. Malherbe, Frédéric & Bahaj, Saleem, 2016. "A positive analysis of bank behaviour under capital requirements," CEPR Discussion Papers 11607, C.E.P.R. Discussion Papers.
    108. Régis Barnichon & Geert Mesters, 2025. "Innovations Meet Narratives -Improving the Power-Credibility Trade-off in Macro," Working Papers 1475, Barcelona School of Economics.
    109. Lacroix, Jean & Méon, Pierre-Guillaume & Sekkat, Khalid, 2021. "Democratic transitions can attract foreign direct investment: Effect, trajectories, and the role of political risk," Journal of Comparative Economics, Elsevier, vol. 49(2), pages 340-357.
    110. Endong Wang, 2024. "Structural counterfactual analysis in macroeconomics: theory and inference," Papers 2409.09577, arXiv.org.
    111. Pontines, Victor, 2018. "Self-selection and treatment effects: Revisiting the effectiveness of foreign exchange intervention," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 299-316.
    112. Nick Stenner, 2022. "The Asymmetric Effects of Monetary Policy: Evidence from the United Kingdom," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(3), pages 516-543, June.
    113. Ashesh Rambachan & Neil Shephard, 2019. "When do common time series estimands have nonparametric causal meaning?," Papers 1903.01637, arXiv.org, revised Jan 2025.
    114. Acharya, Viral & Steffen, Sascha & Steinruecke, Lea & Jager, Maximilian, 2020. "Kicking the can down the road: government interventions in the European banking sector," CEPR Discussion Papers 15009, C.E.P.R. Discussion Papers.
    115. NAKAJIMA, Jouchi, 2025. "Time-varying Local Projections with Stochastic Volatility," Discussion Paper Series 761, Institute of Economic Research, Hitotsubashi University.
    116. Toru Kitagawa & Weining Wang & Mengshan Xu, 2025. "Nonlinearity in Dynamic Causal Effects: Making the Bad into the Good, and the Good into the Great?," Papers 2504.01140, arXiv.org, revised Jun 2025.
    117. Jiang, Lunan & Chen, Yinghui & Zhang, Lin, 2024. "Monetary policy shocks and firm investment decisions: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 95(PB).
    118. Alpanda, Sami & Granziera, Eleonora & Zubairy, Sarah, 2021. "State dependence of monetary policy across business, credit and interest rate cycles," European Economic Review, Elsevier, vol. 140(C).
    119. Miescu, Mirela & Mumtaz, Haroon & Theodoridis, Konstantinos, 2024. "Non-linear Dynamics of Oil Supply News Shocks," Cardiff Economics Working Papers E2024/18, Cardiff University, Cardiff Business School, Economics Section.
    120. Cafora, Alfonso & Romano, Antonio Angelo & Ronghi, Monica & Giuseppe, Scandurra, 2017. "Substituting fossil energy sources: the role of the climate funds and effects on the economic growth," MPRA Paper 82373, University Library of Munich, Germany.
    121. Shirota, Toyoichiro, 2023. "State-dependent effects of the unconventional monetary policy in stock markets," Japan and the World Economy, Elsevier, vol. 67(C).
    122. Khuderchuluun Batsukh & Nicolas Groshenny & Naveed Javed, 2025. "Monetary policy transmission and household indebtedness in Australia," TEPP Working Paper 2025-02, TEPP.

  27. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," CESifo Working Paper Series 4431, CESifo.

    Cited by:

    1. Kristijan Kotarski & Milan Deskar-Škrbiæ, 2016. "Transcending the new macroeconomic orthodoxy in the Eurozone: a Post-Keynesian view," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 34(2), pages 419-441.
    2. Caner, Mehmet & Fan, Qingliang & Grennes, Thomas, 2021. "Partners in debt: An endogenous non-linear analysis of the effects of public and private debt on growth," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 694-711.
    3. Brändle, Thomas & Elsener, Marc, 2023. "Do fiscal rules matter? A survey on recent evidence," Working papers 2023/07, Faculty of Business and Economics - University of Basel.
    4. Yohanes Maria Vianey Mudayen & Lincolin Arsyad & Rimawan Pradiptyo & Sekar Utami Setiastuti, 2025. "Does Public Debt Encourage Economic Growth? An Application of Quantile Regressions to Panel Data for Developing Countries," Economies, MDPI, vol. 13(4), pages 1-31, April.
    5. Jung, Alexander, 2020. "An empirical analysis of loan supply and demand in the euro area," International Review of Economics & Finance, Elsevier, vol. 70(C), pages 187-201.
    6. Augustin, Patrick & Sokolovski, Valeri & Subrahmanyam, Marti G. & Tomio, Davide, 2022. "In sickness and in debt: The COVID-19 impact on sovereign credit risk," Journal of Financial Economics, Elsevier, vol. 143(3), pages 1251-1274.
    7. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    8. Jung, Alexander & Carcel Villanova, Hector, 2020. "The empirical properties of euro area M3, 1980-2017," The Quarterly Review of Economics and Finance, Elsevier, vol. 77(C), pages 37-49.
    9. Philipp Heimberger & Jakob Kapeller, 2016. "The performativity of potential output: Pro-cyclicality and path dependency in coordinating European fiscal policies," Working Papers Series 50, Institute for New Economic Thinking.
    10. Maria Manuel Campos & Cristina Checherita-Westphal, 2019. "Economic consequences of high public debt and challenges ahead for the euro area," Working Papers o201904, Banco de Portugal, Economics and Research Department.
    11. Tianbao Zhou & Zhixin Liu & Yingying Xu, 2025. "Characterizing public debt cycles: the non-negligible impact of financial cycles," Empirical Economics, Springer, vol. 68(4), pages 1529-1566, April.
    12. Vicente Esteve & Cecilio Tamarit, 2018. "Public debt and economic growth in Spain, 1851–2013," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 12(2), pages 219-249, May.
    13. Mr. Tamon Asonuma & Mr. Marcos Chamon & Aitor Erce & Akira Sasahara, 2019. "Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel," IMF Working Papers 2019/069, International Monetary Fund.
    14. Mathonnat, Clément & Minea, Alexandru, 2018. "Financial development and the occurrence of banking crises," Journal of Banking & Finance, Elsevier, vol. 96(C), pages 344-354.
    15. Andersson, Fredrik N. G. & Jonung, Lars, 2019. "The Swedish Fiscal Framework – The Most Successful One in the EU?," Working Papers 2019:6, Lund University, Department of Economics.
    16. Tianbao Zhou & Zhixin Liu & Yingying Xu, 2024. "How do financial variables impact public debt growth in China? An empirical study based on Markov regime-switching model," Papers 2407.02183, arXiv.org.
    17. Eichacker, Nina, 2015. "Financial liberalization and the onset of financial crisis in Western European states between 1983 and 2011: An econometric investigation," The North American Journal of Economics and Finance, Elsevier, vol. 34(C), pages 323-343.
    18. Alberto Caruso & Lucrezia Reichlin & Giovanni Ricco, 2019. "Financial and fiscal interaction in the Euro Area crisis: This time was different," Post-Print hal-03403613, HAL.
    19. Filardo, Andrew J. & Siklos, Pierre L., 2020. "The cross-border credit channel and lending standards surveys," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 67(C).
    20. Henri-Paul Rousseau, 2019. "A schematic view of government as regulator and insurer of the financial system," Working Papers halshs-01993612, HAL.
    21. Mathias Klein, 2017. "Austerity and Private Debt," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1555-1585, October.
    22. Martin Kuncl, 2016. "Fragility of Resale Markets for Securitized Assets and Policy of Asset Purchases," Staff Working Papers 16-46, Bank of Canada.
    23. Nsafoah, Dennis & Dery, Cosmas, 2024. "Effect of conventional and unconventional monetary policy shocks on housing prices in Canada," Journal of Housing Economics, Elsevier, vol. 64(C).
    24. Felipe Benguria & Alan M. Taylor, 2020. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," American Economic Review: Insights, American Economic Association, vol. 2(4), pages 509-526, December.
    25. Bennani, T. & Després, M. & Dujardin, M. & Duprey, T. & Kelber, A., 2014. "Macroprudential framework:key questions applied to the French case," Occasional papers 9, Banque de France.
    26. Li, Jing-Ping & Mirza, Nawazish & Rahat, Birjees & Xiong, Deping, 2020. "Machine learning and credit ratings prediction in the age of fourth industrial revolution," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    27. Luigi Guiso & Massimo Morelli & Tommaso Sonno & Helios Herrera, 2021. "The Financial Drivers of Populism in Europe," BAFFI CAREFIN Working Papers 21166, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    28. Eric Monnet & Miklos Vari, 2019. "Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy," IMF Working Papers 2019/176, International Monetary Fund.
    29. Claudio Borio & Boris Hofmann, 2017. "Is Monetary Policy Less Effective When Interest Rates Are Persistently Low?," RBA Annual Conference Volume (Discontinued), in: Jonathan Hambur & John Simon (ed.),Monetary Policy and Financial Stability in a World of Low Interest Rates, Reserve Bank of Australia.
    30. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2015. "Going to Extremes: Politics after Financial Crises, 1870-2014," CESifo Working Paper Series 5553, CESifo.
    31. Schularick, Moritz & Ferguson, Niall & Schaab, Andreas, 2015. "Central Bank Balance Sheets: Expansion and Reduction since 1900," CEPR Discussion Papers 10635, C.E.P.R. Discussion Papers.
    32. Rémi Bazillier & Jérôme Hericourt, 2014. "The Circulare Relationship between inequality, Leverage and Financial Crisis," Working Papers halshs-01204821, HAL.
    33. Stephan Luck & Paul Schempp, 2014. "Outside Liquidity, Rollover Risk, and Government Bonds," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2014_14, Max Planck Institute for Behavioral Economics.
    34. Monnet, Eric & Vari, Miklos, 2020. "A dilemma between liquidity regulation and monetary policy: some history and theory," CEPR Discussion Papers 15001, C.E.P.R. Discussion Papers.
    35. Christina D. Romer & David H. Romer, 2019. "Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why," NBER Working Papers 25768, National Bureau of Economic Research, Inc.
    36. Benedetta Bianchi, 2016. "Sovereign Risk Premia and the International Balance Sheet: Lessons from the European Crisis," Open Economies Review, Springer, vol. 27(3), pages 471-493, July.
    37. Thomas Brändle & Marc Elsener, 2024. "Do fiscal rules matter? A survey of recent evidence," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 160(1), pages 1-38, December.
    38. Rant, Vasja & Marinč, Matej & Porenta, Jan, 2021. "Debt and convergence: Evidence from the EU member states," Finance Research Letters, Elsevier, vol. 39(C).
    39. Liu, Jingyang & Kool, Clemens J.M., 2018. "Money and credit overhang in the euro area," Economic Modelling, Elsevier, vol. 68(C), pages 622-633.
    40. Pablo Guerrón-Quintana & Alexey Khazanov & Molin Zhong, 2023. "Financial and Macroeconomic Data Through the Lens of a Nonlinear Dynamic Factor Model," Finance and Economics Discussion Series 2023-027, Board of Governors of the Federal Reserve System (U.S.).
    41. Joao Jalles, 2023. "Pandemics and economic turmoil in the shortrun: the role of fiscal space," Working Papers 2023.02, International Network for Economic Research - INFER.
    42. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2019. "Sovereigns going bust: Estimating the cost of default," European Economic Review, Elsevier, vol. 119(C), pages 1-21.
    43. Jung, Alexander & Uhlig, Harald, 2019. "Monetary policy shocks and the health of banks," Working Paper Series 2303, European Central Bank.
    44. Paraskevi K. Salamaliki & Ioannis A. Venetis, 2024. "Fiscal Space and Policy Response to Financial Crises: Market Access and Deficit Concerns," Open Economies Review, Springer, vol. 35(2), pages 323-361, April.
    45. Vincenzo Cuciniello & Nicola Di Iasio, 2025. "Determinants of the Credit Cycle: A Flow Analysis of the Extensive Margin," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(5), pages 1275-1298, August.
    46. Marta Gómez-Puig & Simón Sosvilla-Rivero & Inmaculada Martínez-Zarzoso, 2019. "Re-examining the debt-growth nexus: A grouped fixed-effect approach," Documentos de Trabajo del ICAE 2019-21, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    47. García Osma, Beatriz & Mora, Araceli & Porcuna-Enguix, Luis, 2019. "Prudential supervisors’ independence and income smoothing in European banks," Journal of Banking & Finance, Elsevier, vol. 102(C), pages 156-176.
    48. Monnet, Eric & Degorce, Victor, 2020. "The Great Depression as a Saving Glut," CEPR Discussion Papers 15287, C.E.P.R. Discussion Papers.
    49. Schleer, Frauke & Kappler, Marcus, 2014. "The Phillips Curve: (In)stability, the role of credit, and implications for potential output measurement," ZEW Discussion Papers 14-067, ZEW - Leibniz Centre for European Economic Research.
    50. Levieuge, Grégory & Lucotte, Yannick & Pradines-Jobet, Florian, 2021. "The cost of banking crises: Does the policy framework matter?," Journal of International Money and Finance, Elsevier, vol. 110(C).
    51. Eberhardt, Markus, 2018. "(At Least) Four Theories for Sovereign Default," CEPR Discussion Papers 13084, C.E.P.R. Discussion Papers.
    52. Comín, Francisco & Cuevas, Joaquim, 2017. "The Deadly Embrace Between The Banks And The State In Spain, 1850-2015," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 35(3), pages 387-414, December.
    53. Apeti, Ablam Estel, 2023. "Household welfare in the digital age: Assessing the effect of mobile money on household consumption volatility in developing countries," World Development, Elsevier, vol. 161(C).
    54. Carlos Alberto Piscarreta Pinto Ferreira, 2023. "Drivers of Sovereign Bond Demand – The Case of Japans," Working Papers REM 2023/0264, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    55. Vítor Castro & Rodrigo Martins, 2020. "Riding the Wave of Credit: Are Longer Expansions Really a Bad Omen?," Open Economies Review, Springer, vol. 31(4), pages 729-751, September.
    56. Efraim Benmelech & Nitzan Tzur-Ilan, 2020. "The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis," NBER Working Papers 27461, National Bureau of Economic Research, Inc.
    57. Bergant, Katharina & Forbes, Kristin, 2023. "Policy packages and policy space: Lessons from COVID-19☆," European Economic Review, Elsevier, vol. 158(C).
    58. Moreno Badia, Marialuz & Medas, Paulo & Gupta, Pranav & Xiang, Yuan, 2022. "Debt is not free," Journal of International Money and Finance, Elsevier, vol. 127(C).
    59. Davis, J. Scott & Mack, Adrienne & Phoa, Wesley & Vandenabeele, Anne, 2016. "Credit booms, banking crises, and the current account," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 360-377.
    60. Sanjay R. Singh & Nicolas Caramp, 2020. "Bond Premium Cyclicality and Liquidity Traps," Working Papers 336, University of California, Davis, Department of Economics.
    61. Alfred Duncan & Charles Nolan, 2017. "Financial Frictions in Macroeconomic Models," Studies in Economics 1719, School of Economics, University of Kent.
    62. Marta Gómez-Puig & Simón Sosvilla-Rivero, 2017. "Nonfinancial debt and economic growth in euro-area countries," IREA Working Papers 201714, University of Barcelona, Research Institute of Applied Economics, revised Jul 2017.
    63. Giovanni Covi, 2017. "The emerging regulatory landscape: a new normal," Journal of Banking Regulation, Palgrave Macmillan, vol. 18(3), pages 233-255, July.
    64. Cusato Novelli, Antonio & Barcia, Giancarlo, 2021. "Sovereign Risk, Public Investment and the Fiscal Policy Stance," Journal of Macroeconomics, Elsevier, vol. 67(C).
    65. Mr. Markus Eberhardt & Mr. Andrea F Presbitero, 2018. "Commodity Price Movements and Banking Crises," IMF Working Papers 2018/153, International Monetary Fund.
    66. Woo, Jaejoon, 2023. "Financial crises and inequality: New evidence from a panel of 17 advanced economies," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    67. Michael D. Bordo, 2017. "An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime," NBER Working Papers 24154, National Bureau of Economic Research, Inc.
    68. Clément Mathonnat & Alexandru Minea & Marcel Voia, 2022. "Does more finance lead to longer crises?," The World Economy, Wiley Blackwell, vol. 45(1), pages 111-135, January.
    69. Mr. Seyed Reza Yousefi, 2019. "Public Sector Balance Sheet Strength and the Macro Economy," IMF Working Papers 2019/170, International Monetary Fund.
    70. Fernández-Gallardo, Álvaro & Payá, Iván, 2025. "Public debt burden and crisis severity," European Economic Review, Elsevier, vol. 176(C).
    71. Thomas Grjebine & Fabien Tripier, 2015. "Excess Finance and Growth: Don't Lose Sight of Expansions !," Working Papers 2015-31, CEPII research center.
    72. Affinito, Massimiliano & Albareto, Giorgio & Santioni, Raffaele, 2022. "Purchases of sovereign debt securities by banks during the crisis: The role of balance sheet conditions," Journal of Banking & Finance, Elsevier, vol. 138(C).
    73. Vítor Castro & Rodrigo Martins, 2021. "What drives the duration of credit booms?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 1531-1549, January.
    74. Javier Andres & Oscar Arce & Dominik Thaler & Carlos Thomas, 2020. "When Fiscal Consolidation Meets Private Deleveraging," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 37, pages 214-233, July.
    75. Vitor Castro & Boris Fisera, 2022. "Determinants of the Duration of Economic Recoveries: The Role of ´Too Much Finance´," Working Papers IES 2022/33, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Dec 2022.
    76. Willem Vanlaer & Wim Marneffe & Lode Vereeck & Johan Vanovertveldt, 2015. "Does debt predict growth? An empirical analysis of the relationship between total debt and economic output," European Journal of Government and Economics, Europa Grande, vol. 4(2), pages 79-103, December.
    77. Wei-han Liu, 2023. "Attaining stochastic optimal control over debt ratios in U.S. markets," Review of Quantitative Finance and Accounting, Springer, vol. 61(3), pages 967-993, October.
    78. Perugini, Cristiano & Hölscher, Jens & Collie, Simon, 2013. "Inequality, credit expansion and financial crises," MPRA Paper 51336, University Library of Munich, Germany.
    79. Guillaume Bazot, 2024. "Deregulation and Financial Intermediation Cost: An International Comparison," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(5), pages 1129-1161, August.
    80. Pablo Burriel & Cristina Checherita-Westphal & Pascal Jacquinot & Matthias Schön & Nikolai Stähler, 2020. "Economic consequences of high public debt: evidence from three large scale DSGE models," Working Papers 2029, Banco de España.
    81. Fajeau, Maxime, 2021. "Too much finance or too many weak instruments?," International Economics, Elsevier, vol. 165(C), pages 14-36.
    82. Alan M. Taylor, 2015. "Credit, Financial Stability, and the Macroeconomy," NBER Working Papers 21039, National Bureau of Economic Research, Inc.
    83. Henri-Paul Rousseau, 2019. "A schematic view of government as regulator and insurer of the financial system," PSE Working Papers halshs-01993612, HAL.
    84. Katharina Bergant & Kristin Forbes, 2021. "Macroprudential Policy during COVID-19: The Role of Policy Space," NBER Working Papers 29346, National Bureau of Economic Research, Inc.
    85. Rémi Bazillier & Jérôme Héricourt, 2014. "The Circular Relationship between Inequality, Leverage, and Financial Crises: Intertwined Mechanisms and Competing Evidence," Working Papers 2014-22, CEPII research center.
    86. Siwińska-Gorzelak Joanna & Brzozowski Michał, 2018. "Sovereign default and the structure of private external debt," Central European Economic Journal, Sciendo, vol. 5(52), pages 1-9, January.
    87. Gómez-Puig, Marta & Sosvilla-Rivero, Simón & Martínez-Zarzoso, Inmaculada, 2022. "On the heterogeneous link between public debt and economic growth," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 77(C).
    88. Ogrokhina, Olena & Rodriguez, Cesar M., 2024. "Inflation targeting and capital flows: A tale of two cycles in developing countries," Journal of International Money and Finance, Elsevier, vol. 146(C).
    89. Patricia Palhau Mora, 2018. "The “Too Big to Fail” Subsidy in Canada: Some Estimates," Staff Working Papers 18-9, Bank of Canada.
    90. Gozgor, Giray, 2018. "Determinants of the domestic credits in developing economies: The role of political risks," Research in International Business and Finance, Elsevier, vol. 46(C), pages 430-443.
    91. Marjan Petreski, 2024. "The Fiscal Space And The Fiscal Stimulus During Crisis In The Western Balkans," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 69(242), pages 7-25, July – Se.
    92. Irina Balteanu & Aitor Erce, 2018. "Linking Bank Crises and Sovereign Defaults: Evidence from Emerging Markets," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(4), pages 617-664, December.
    93. Ms. Wenjie Chen & Mr. Mico Mrkaic & Mr. Malhar S Nabar, 2019. "The Global Economic Recovery 10 Years After the 2008 Financial Crisis," IMF Working Papers 2019/083, International Monetary Fund.
    94. de Ridder, M. & Pfajfar, D., 2017. "Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks," Cambridge Working Papers in Economics 1717, Faculty of Economics, University of Cambridge.
    95. Presbitero, Andrea & Eberhardt, Markus, 2021. "Commodity Prices and Banking Crises," CEPR Discussion Papers 15959, C.E.P.R. Discussion Papers.
    96. Zheng, Huanhuan, 2023. "Sovereign debt responses to the COVID-19 pandemic," Journal of International Economics, Elsevier, vol. 143(C).
    97. Maurice Obstfeld, 2013. "On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability," IMES Discussion Paper Series 13-E-08, Institute for Monetary and Economic Studies, Bank of Japan.
    98. Giuseppe Cascarino & Federica Ciocchetta & Stefano Pietrosanti & Ivan Quaglia, 2025. "Forecasting corporate default probabilities: a local logit approach for scenario analysis," Questioni di Economia e Finanza (Occasional Papers) 909, Bank of Italy, Economic Research and International Relations Area.
    99. Tigran Poghosyan, 2018. "How do financial cycles affect public debt cycles?," Empirical Economics, Springer, vol. 54(2), pages 425-460, March.
    100. Tonzer, Lena, 2015. "Cross-border interbank networks, banking risk and contagion," Journal of Financial Stability, Elsevier, vol. 18(C), pages 19-32.
    101. Salamaliki, Paraskevi K., 2024. "Globalization and fiscal policy after financial crises," European Journal of Political Economy, Elsevier, vol. 85(C).
    102. Konstantin A. Kholodilin & Claus Michelsen & Dirk Ulbricht, 2014. "Speculative Price Bubbles in Urban Housing Markets in Germany," Discussion Papers of DIW Berlin 1417, DIW Berlin, German Institute for Economic Research.
    103. Shambaugh, Jay C. & Strain, Michael R., 2021. "The Recovery from the Great Recession: A Long, Evolving Expansion," IZA Discussion Papers 14017, Institute of Labor Economics (IZA).
    104. Enikolopov, Ruben & Kirschenmann, Karolin & Schoors, Koen & Sonin, Konstantin, 2024. "Crisis? What Crisis? Bank stability, financial development and propaganda," ZEW Discussion Papers 24-085, ZEW - Leibniz Centre for European Economic Research.
    105. Jean-Charles Bricongne & Aurora Mordonu, 2017. "Interlinkages Between Household and Corporate Debt in Advanced Economies," Open Economies Review, Springer, vol. 28(5), pages 1029-1055, November.
    106. Tsani, Stella & Koh, Wee Chian, 2024. "Policy responses to the COVID-19 pandemic: Another case of “resource curse”?," Energy Policy, Elsevier, vol. 195(C).
    107. Bernardini, Marco & Forni, Lorenzo, 2020. "Private and public debt interlinkages in bad times," Journal of International Money and Finance, Elsevier, vol. 109(C).
    108. Ablam Estel Apeti & Jean-Louis Combes & Xavier Debrun & Alexandru Minea, 2021. "Did Fiscal Space Foster Covid-19's Fiscal Stimuli ?," Post-Print hal-03351634, HAL.
    109. Ryan R. Brady, 2021. "Direct Forecasting for Applied Regional Analysis," Departmental Working Papers 67, United States Naval Academy Department of Economics.
    110. Ablam Estel Apeti, 2022. "Household welfare in the digital age: Assessing the effect of mobile money on household consumption volatility in developing countries," Post-Print hal-03819779, HAL.
    111. Paul Rudel, 2024. "Loan Supply Shocks, Prudential Regulation, and the Business Cycle," MAGKS Papers on Economics 202409, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    112. Atsebi, Jean-Marc & Ligonnière, Samuel & Mathonnat, Clément, 2025. "Not all banking crises are alike: Assessing their distributional impacts relative to pre-crisis credit gaps," Journal of International Money and Finance, Elsevier, vol. 150(C).
    113. Kaehler, Juergen & Weber, Christoph S., 2023. "Inflation in the aftermath of financial crises," Economic Modelling, Elsevier, vol. 128(C).
    114. Tianbao Zhou & Zhixin Liu & Yingying Xu, 2024. "Characterizing Public Debt Cycles: Don't Ignore the Impact of Financial Cycles," Papers 2404.17412, arXiv.org.
    115. Chen, Ruoyu & Iqbal, Najaf & Irfan, Muhammad & Shahzad, Farrukh & Fareed, Zeeshan, 2022. "Does financial stress wreak havoc on banking, insurance, oil, and gold markets? New empirics from the extended joint connectedness of TVP-VAR model," Resources Policy, Elsevier, vol. 77(C).
    116. Ristolainen, Kim & Roukka, Tomi & Nyberg, Henri, 2024. "A thousand words tell more than just numbers: Financial crises and historical headlines," Journal of Financial Stability, Elsevier, vol. 70(C).
    117. Puente-Ajovín, Miguel & Sanso-Navarro, Marcos, 2015. "Granger causality between debt and growth: Evidence from OECD countries," International Review of Economics & Finance, Elsevier, vol. 35(C), pages 66-77.
    118. Dell'Ariccia, Giovanni & Ferreira, Caio & Jenkinson, Nigel & Laeven, Luc & Martin, Alberto & Minoiu, Camelia & Popov, Alexander, 2018. "Managing the sovereign-bank nexus," Working Paper Series 2177, European Central Bank.
    119. Guillaume Cléaud & Francisco de Castro Fernández & Jorge Durán Laguna & Lucia Granelli & Martin Hallet & Anne Jaubertie & Carlos Maravall Rodriguez & Diana Ognyanova & Balazs Palvolgyi & Tsvetan Tsali, 2019. "Cruising at Different Speeds: Similarities and Divergences between the German and the French Economies," European Economy - Discussion Papers 103, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.

  28. Òscar Jordà, 2013. "Assessing the Historical Role of Credit: Business Cycles, Financial Crises, and the Legacy of Charles S. Peirce," Working Paper Series 2013-19, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Harri Pönkä, 2015. "The Role of Credit in Predicting US Recessions," CREATES Research Papers 2015-48, Department of Economics and Business Economics, Aarhus University.

  29. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2013. "Shocks and Adjustments," Working Paper Series 2013-32, Federal Reserve Bank of San Francisco.

    Cited by:

    1. John G. Fernald & Robert E. Hall & James H. Stock & Mark W. Watson, 2017. "The Disappointing Recovery of Output after 2009," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 48(1 (Spring), pages 1-81.
    2. Elva Bova & Christina Kolerus & Sampawende Tapsoba, 2015. "A fiscal job? An analysis of fiscal policy and the labor market," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-17, December.
    3. Claudia Foroni & Francesco Furlanetto, 2022. "Explaining Deviations from Okun’s Law," Working Paper 2022/4, Norges Bank.
    4. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2014. "Labor Markets in the Global Financial Crisis: The Good, the Bad and the Ugly," Working Paper Series 2014-11, Federal Reserve Bank of San Francisco.
    5. Ivan Mendieta-Muñoz, 2014. "On the Interaction Between Economic Growth and Business Cycles," Studies in Economics 1417, School of Economics, University of Kent.
    6. Robert Anderton & Boele Bonthuis, 2015. "Downward Wage Rigidities in the Euro Area," Discussion Papers 2015-09, University of Nottingham, GEP.

  30. Moritz Schularick & Alan Taylor & Oscar Jorda, 2013. "When Credit Bites Back," 2013 Meeting Papers 71, Society for Economic Dynamics.

    Cited by:

    1. Chen, Nan-Kuang & Cheng, Han-Liang, 2020. "A Study of Financial Cycles and the Macroeconomy in Taiwan," MPRA Paper 101296, University Library of Munich, Germany.
    2. Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann, 2017. "Monetary Policy, the Financial Cycle and Ultra-low Interest Rates," PIER Discussion Papers 55, Puey Ungphakorn Institute for Economic Research.
    3. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Working Papers 19506, National Bureau of Economic Research, Inc.
    4. Antonakakis, Nikolaos & Breitenlechner, Max & Scharler, Johann, 2015. "Business cycle and financial cycle spillovers in the G7 countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 58(C), pages 154-162.
    5. Masami Imai & Michiru Sawada, 2022. "Does a Financial Crisis Impair Corporate Innovation?," Wesleyan Economics Working Papers 2022-002, Wesleyan University, Department of Economics.
    6. Mikel Bedayo & Gabriel Jiménez & José-Luis Peydró & Raquel Vegas, 2020. "Screening and loan origination time: lending standards, loan defaults and bank failures," Working Papers 2037, Banco de España.
    7. Blanco Barroso, Joao & Barbone Gonzalez, Rodrigo & Peydró, José-Luis & Nazar van Doornik, Bernardus, 2019. "Countercyclical Liquidity Policy and Credit Cycles: Evidence from Macroprudential and Monetary Policy in Brazil," EconStor Preprints 216792, ZBW - Leibniz Information Centre for Economics.
    8. Bofinger, Peter & Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Wieland, Volker, 2018. "Vor wichtigen wirtschaftspolitischen Weichenstellungen. Jahresgutachten 2018/19 [Setting the Right Course for Economic Policy. Annual Report 2018/19]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201819.
    9. António R. Antunes & Diana Bonfim & Nuno Monteiro & Paulo M.M. Rodrigues, 2016. "Forecasting banking crises with dynamic panel probit models," Working Papers w201613, Banco de Portugal, Economics and Research Department.
    10. Jannsen Nils, 2019. "Hat die Fehlallokation von Produktionsfaktoren zur Produktivitätsschwäche in Deutschland beigetragen?," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 68(1), pages 6-26, May.
    11. Leroi RAPUTSOANE, 2015. "Alternative Measures of Credit Extension for Countercyclical Buffer Decisions in South Africa," Turkish Economic Review, KSP Journals, vol. 2(4), pages 210-221, December.
    12. Rafiq, Shuddhasattwa, 2022. "How did house and stock prices respond to different crisis episodes since the 1870s?," Economic Modelling, Elsevier, vol. 114(C).
    13. Calvert Jump, Robert & Kohler, Karsten, 2022. "A history of aggregate demand and supply shocks for the United Kingdom, 1900 to 2016," Explorations in Economic History, Elsevier, vol. 85(C).
    14. Luca Eduardo Fierro & Federico Giri & Alberto Russo, 2023. "Inequality-Constrained Monetary Policy in a Financialized Economy," Working Papers 2023/02, Economics Department, Universitat Jaume I, Castellón (Spain).
    15. Gabriel Jiménez & Dmitry Kuvshinov & José-Luis Peydró & Bjoern Richter, 2022. "Monetary policy, inflation, and crises: New evidence from history and administrative data," Economics Working Papers 1854, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    16. Couaillier, Cyril & Scalone, Valerio, 2024. "Risk-to buffer: setting cyclical and structural banks capital requirements through stress test," Working Paper Series 2966, European Central Bank.
    17. Matthew Baron & Wei Xiong, 2016. "Credit Expansion and Neglected Crash Risk," NBER Working Papers 22695, National Bureau of Economic Research, Inc.
    18. Mikkel Hermansen & Oliver Röhn, 2015. "Economic resilience: The usefulness of early warning indicators in OECD countries," OECD Economics Department Working Papers 1250, OECD Publishing.
    19. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.
    20. Berger, Tino & Richter, Julia & Wong, Benjamin, 2021. "A unified approach for jointly estimating the business and financial cycle, and the role of financial factors," University of Göttingen Working Papers in Economics 415, University of Goettingen, Department of Economics.
    21. Joseph, Andreas & Kneer, Christiane & van Horen, Neeltje, 2022. "All You Need is Cash: Corporate Cash Holdings and Investment after the Financial Crisis," CEPR Discussion Papers 14199, C.E.P.R. Discussion Papers.
    22. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    23. Juan Carlos Cuestas & Karsten Staehr, 2014. "The great (De)leveraging in the GIIPS countries. Domestic credit and net foreign liabilities 1998–2013," Bank of Estonia Working Papers wp2014-4, Bank of Estonia, revised 10 Oct 2014.
    24. Cyril Couaillier & Valerio Scalone, 2020. "How does Financial Vulnerability amplify Housing and Credit Shocks?," Working papers 763, Banque de France.
    25. Juan Carlos Cuestas & Merike Kukk & Natalia Levenko, 2021. "Misalignments in house prices and economic growth in Europe," Working Papers 2021/07, Economics Department, Universitat Jaume I, Castellón (Spain).
    26. Atif Mian & Amir Sufi & Emil Verner, 2020. "How Does Credit Supply Expansion Affect the Real Economy? The Productive Capacity and Household Demand Channels," Journal of Finance, American Finance Association, vol. 75(2), pages 949-994, April.
    27. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," NBER Working Papers 20501, National Bureau of Economic Research, Inc.
    28. Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2021. "Structure of income inequality and household leverage : Cross-country causal evidence," Post-Print halshs-03099741, HAL.
    29. Maria Manuel Campos & Cristina Checherita-Westphal, 2019. "Economic consequences of high public debt and challenges ahead for the euro area," Working Papers o201904, Banco de Portugal, Economics and Research Department.
    30. Jiménez, Gabriel & Mian, Atif & Peydró, José-Luis & Saurina, Jesús, 2020. "The Real Effects of the Bank Lending Channel," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 115, pages 162-179.
    31. Mathias Drehmann & Mikael Juselius & Sarah Quincy, 2024. "Aggregate debt servicing and the limit on private credit," BIS Working Papers 1235, Bank for International Settlements.
    32. Antonio Falato & David Scharfstein, 2016. "The Stock Market and Bank Risk-Taking," NBER Working Papers 22689, National Bureau of Economic Research, Inc.
    33. Ragnar Nymoen & Kari Pedersen & Jon Ivar Sjåberg, 2019. "Estimation of Effects of Recent Macroprudential Policies in a Sample of Advanced Open Economies," IJFS, MDPI, vol. 7(2), pages 1-20, May.
    34. Alberto Montagnoli & Mirko Moro, 2018. "The Cost of Banking Crises: New Evidence from Life Satisfaction Data," Kyklos, Wiley Blackwell, vol. 71(2), pages 279-309, May.
    35. Jursa, Lukáš & Janků, Jan, 2025. "From the core to the European periphery: Spillover effects of financial cycles," Emerging Markets Review, Elsevier, vol. 68(C).
    36. Chen, Qi & Goldstein, Itay & Huang, Zeqiong & Vashishtha, Rahul, 2022. "Bank transparency and deposit flows," Journal of Financial Economics, Elsevier, vol. 146(2), pages 475-501.
    37. Kpodar, Kangni & Liu, Boya, 2022. "The distributional implications of the impact of fuel price increases on inflation," Energy Economics, Elsevier, vol. 108(C).
    38. De Santis, Roberto A., 2016. "Credit spreads, economic activity and fragmentation," Working Paper Series 1930, European Central Bank.
    39. Constantinescu, Mihnea & Nguyen, Anh Dinh Minh, 2021. "A century of gaps: Untangling business cycles from secular trends," Economic Modelling, Elsevier, vol. 100(C).
    40. Furceri, Davide & Kilic Celik, Sinem & Jalles, João Tovar & Koloskova, Ksenia, 2021. "Recessions and total factor productivity: Evidence from sectoral data," Economic Modelling, Elsevier, vol. 94(C), pages 130-138.
    41. Rodrigo Barbone Gonzalez & Dmitry Khametshin & José-Luis Peydró & Andrea Polo, 2019. "Hedger of Last Resort: evidence from Brazilian FX interventions, local credit, and global financial cycles," Working Papers Series 509, Central Bank of Brazil, Research Department.
    42. Eichengreen,Barry J. & Gupta,Poonam - DECOS, 2016. "Managing sudden stops," Policy Research Working Paper Series 7639, The World Bank.
    43. Bochmann, Paul & Hiebert, Paul & Schüler, Yves & Segoviano, Miguel A., 2024. "Latent fragility: Conditioning banks' joint probability of default on the financial cycle," Journal of International Money and Finance, Elsevier, vol. 146(C).
    44. Francisco J. Ib��ez-Hern�ndez & Miguel �. Pe�a-Cerezo & Andr�s Araujo, 2015. "Countercyclical capital buffers: credit-to-GDP ratio versus credit growth," Applied Economics Letters, Taylor & Francis Journals, vol. 22(5), pages 385-390, March.
    45. Anna Pustovalova & Timur Magzhanov & Ashot Mirzoyan, 2025. "Econometric Estimation of the Monetary Policy Effect on the Debt Burden at the Industry Level in Russia," Russian Journal of Money and Finance, Bank of Russia, vol. 84(4), pages 3-21, December.
    46. Batini, Nicoletta & Melina, Giovanni & Villa, Stefania, 2019. "Fiscal buffers, private debt, and recession: The good, the bad and the ugly," Journal of Macroeconomics, Elsevier, vol. 62(C).
    47. Xavier Freixas & David Perez-Reyna, 2018. "The Gilded Bubble Buffer," Working papers 3, Red Investigadores de Economía.
    48. De Mooij, Ruud & Hebous, Shafik, 2018. "Curbing corporate debt bias: Do limitations to interest deductibility work?," Journal of Banking & Finance, Elsevier, vol. 96(C), pages 368-378.
    49. Avril, Pauline & Levieuge, Grégory & Turcu, Camelia, 2025. "Natural disasters and financial stress: can macroprudential regulation tame green swans?," Journal of International Money and Finance, Elsevier, vol. 154(C).
    50. Jannsen, Nils, 2015. "Typische Erholungsphasen der Unternehmensinvestitionen im Anschluss an normale Rezessionen und Bankenkrisen," Kiel Insight 2015.17, Kiel Institute for the World Economy.
    51. Borsi, Mihály Tamás, 2018. "Fiscal multipliers across the credit cycle," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 135-151.
    52. Kuvshinov, Dmitry & Richter, Björn & Zimmermann, Kaspar, 2022. "The shifts and the shocks: bank risk, leverage, and the macroeconomy," Working Paper Series 2672, European Central Bank.
    53. Aida Caldera Sánchez & Morten Rasmussen & Oliver Röhn, 2015. "Economic resilience: what role for policies?," OECD Economics Department Working Papers 1251, OECD Publishing.
    54. Marius M. Mihai, 2020. "Do credit booms predict US recessions?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 39(6), pages 887-910, September.
    55. Alberto Caruso & Lucrezia Reichlin & Giovanni Ricco, 2019. "Financial and fiscal interaction in the Euro Area crisis: This time was different," Post-Print hal-03403613, HAL.
    56. Engelbert Stockhammer & Giorgos Gouzoulis & Rob Calvert Jump, 2019. "Debt-driven business cycles in historical perspective: The cases of the USA (1889-2015) and UK (1882-2010)," Working Papers PKWP1907, Post Keynesian Economics Society (PKES).
    57. De Bonis, Riccardo & Marinelli, Giuseppe & Vercelli, Francesco, 2018. "Playing yo-yo with bank competition: New evidence from 1890 to 2014," Explorations in Economic History, Elsevier, vol. 67(C), pages 134-151.
    58. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Betting the house," Journal of International Economics, Elsevier, vol. 96(S1), pages 2-18.
    59. Davidson, Sharada Nia & Moccero, Diego Nicolas, 2024. "The nonlinear effects of banks’ vulnerability to capital depletion in euro area countries," Working Paper Series 2912, European Central Bank.
    60. Malovaná, Simona & Frait, Jan, 2017. "Monetary policy and macroprudential policy: Rivals or teammates?," Journal of Financial Stability, Elsevier, vol. 32(C), pages 1-16.
    61. Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2018. "The janus-faced nature of debt: results from a data-driven cointegrated svar approach," Post-Print hal-03471585, HAL.
    62. Taylor, Alan M. & Davis, Josh, 2019. "The Leverage Factor: Credit Cycles and Asset Returns," CEPR Discussion Papers 14115, C.E.P.R. Discussion Papers.
    63. Grodecka-Messi, Anna & Kenny, Seán & Ögren, Anders, 2021. "Predictors of bank distress: The 1907 crisis in Sweden," Explorations in Economic History, Elsevier, vol. 80(C).
    64. Klingelhöfer, Jan & Sun, Rongrong, 2019. "Macroprudential policy, central banks and financial stability: Evidence from China," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 19-41.
    65. Juan Carlos Cuestas & Karsten Staehr, 2017. "The Great Leveraging in the European crisis countries," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 44(6), pages 895-910, November.
    66. Mansur, Alfan, 2017. "Memantau Risiko Makro Finansial di dalam Perekonomian Indonesia [Surveillance on the Macro-financial Risks of Indonesia's Economy]," MPRA Paper 93752, University Library of Munich, Germany, revised 23 May 2018.
    67. Ambrosius, Christian, 2017. "What explains the speed of recovery from banking crises?," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 257-287.
    68. Chen, Yufeng & Msofe, Zulkifr Abdallah & Wang, Chuwen, 2024. "Asymmetric dynamic spillover and time-frequency connectedness in the oil-stock nexus under COVID-19 shock: Evidence from African oil importers and exporters," Resources Policy, Elsevier, vol. 90(C).
    69. Du Caju, Philip & Périlleux, Guillaume & Rycx, François & Tojerow, Ilan, 2021. "A Bigger House at the Cost of an Empty Fridge? The Effect of Households' Indebtedness on Their Consumption: Micro-Evidence Using Belgian HFCS Data," GLO Discussion Paper Series 799, Global Labor Organization (GLO).
    70. Angeles, Luis, 2015. "A note on debt and economic activity," Economics Letters, Elsevier, vol. 136(C), pages 67-69.
    71. Schüler, Yves S. & Hiebert, Paul P. & Peltonen, Tuomas A., 2020. "Financial cycles: Characterisation and real-time measurement," Journal of International Money and Finance, Elsevier, vol. 100(C).
    72. Byrne, David & Kelly, Robert, 2017. "Bank Asset Quality & Monetary Policy Pass-Through," Research Technical Papers 11/RT/17, Central Bank of Ireland.
    73. Catão, Luís A.V. & te Kaat, Daniel Marcel, 2021. "Capital account liberalization and the composition of bank liabilities," Journal of International Money and Finance, Elsevier, vol. 116(C).
    74. Basco, Sergi & Domènech, Jordi & Rosés, Joan R., 2021. "The redistributive effects of pandemics: Evidence on the Spanish flu," World Development, Elsevier, vol. 141(C).
    75. Tang, John P. & Basco, Sergi, 2023. "Banks, credit supply, and the life cycle of firms: Evidence from late nineteenth century Japan," Journal of Banking & Finance, Elsevier, vol. 154(C).
    76. Andreas Hoffmann, 2014. "Zero-interest Rate Policy and Unintended Consequences in Emerging Markets," The World Economy, Wiley Blackwell, vol. 37(10), pages 1367-1387, October.
    77. Atif R. Mian & Amir Sufi & Emil Verner, 2015. "Household Debt and Business Cycles Worldwide," NBER Working Papers 21581, National Bureau of Economic Research, Inc.
    78. Kalemli-Özcan, Sebnem & di Giovanni, Julian & Ulu, Mehmet Fatih & Baskaya, Yusuf Soner, 2017. "International Spillovers and Local Credit Cycles," CEPR Discussion Papers 11839, C.E.P.R. Discussion Papers.
    79. Mihai, Marius M. & Mansur, Iqbal, 2022. "Forecasting crash risk in U.S. bank returns—The role of credit booms," Journal of Corporate Finance, Elsevier, vol. 76(C).
    80. Michael D. Bordo, 2017. "An historical perspective on financial stability and monetary policy regimes: A case for caution in central banks current obsession with financial stability," Working Paper 2018/5, Norges Bank.
    81. Li, Boyao & Xiong, Wanting & Chen, Liujun & Wang, Yougui, 2017. "The impact of the liquidity coverage ratio on money creation: A stock-flow based dynamic approach," Economic Modelling, Elsevier, vol. 67(C), pages 193-202.
    82. Nikolaos Antonakakis & Max Breitenlechner & Johann Scharler, 2014. "How Strongly are Business Cycles and Financial Cycles Linked in the G7 Countries?," Working Papers 2014-07, Faculty of Economics and Statistics, Universität Innsbruck.
    83. Sotirios Kokas & Dmitri Vinogradov & Marios Zachariadis, 2018. "Which Banks Smooth and at What Price?," Working Papers 2018_03, Business School - Economics, University of Glasgow.
    84. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2016. "Sovereigns going bust: estimating the cost of default," Bonn Econ Discussion Papers 01/2016, University of Bonn, Bonn Graduate School of Economics (BGSE).
    85. Andrieș, Alin Marius & Podpiera, Anca Maria & Sprincean, Nicu, 2020. "Central bank independence and systemic risk," BOFIT Discussion Papers 13/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    86. Mansour Ishrakieh, Layal & Dagher, Leila & El Hariri, Sadika, 2018. "The Institute of Financial Economics Financial Stress Index (IFEFSI) for Lebanon," MPRA Paper 116054, University Library of Munich, Germany.
    87. Baig, Ahmed S. & Blau, Benjamin M. & Butt, Hassan A. & Yasin, Awaid, 2022. "Do retail traders destabilize financial markets? An investigation surrounding the COVID-19 pandemic," Journal of Banking & Finance, Elsevier, vol. 144(C).
    88. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    89. German Forero-Laverde, 2016. "Are All Booms and Busts Created Equal? A New Methodology for Understanding Bull and Bear Stock Markets," UB School of Economics Working Papers 2016/339, University of Barcelona School of Economics.
    90. Yannic Stucki & Jacqueline Thomet, 2020. "A neoclassical perspective on Switzerland's 1990s stagnation," Working Papers 2020-22, Swiss National Bank.
    91. David M. Arseneau & Grace Brang & Matt Darst & Jacob M. M. Faber & David E. Rappoport & Alexandros Vardoulakis, 2022. "A Macroprudential Perspective on the Regulatory Boundaries of U.S. Financial Assets," Finance and Economics Discussion Series 2022-002, Board of Governors of the Federal Reserve System (U.S.).
    92. Giovanni Melina & Stefania Villa, 2014. "Leaning Against Windy Bank Lending," BCAM Working Papers 1402, Birkbeck Centre for Applied Macroeconomics.
    93. Patrick Schneider, 2018. "Decomposing differences in productivity distributions," Bank of England working papers 740, Bank of England.
    94. Gianluca Benigno & Andrew Foerster & Christopher Otrok & Alessandro Rebucci, 2020. "Estimating Macroeconomic Models of Financial Crises: An Endogenous Regime-Switching Approach," NBER Working Papers 26935, National Bureau of Economic Research, Inc.
    95. Hudepohl, Tom & van Lamoen, Ryan & de Vette, Nander, 2021. "Quantitative easing and exuberance in stock markets: Evidence from the euro area," Journal of International Money and Finance, Elsevier, vol. 118(C).
    96. Bartoletto, Silvana & Chiarini, Bruno & Marzano, Elisabetta & Piselli, Paolo, 2019. "Business cycles, credit cycles, and asymmetric effects of credit fluctuations: Evidence from Italy for the period of 1861–2013," Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
    97. David Aikman & Andrew Haldane & Marc Hinterschweiger & Sujit Kapadia, 2018. "Rethinking financial stability," Bank of England working papers 712, Bank of England.
    98. Andersen, Henrik Yde, 2021. "Pension taxation, household debt and the real economy," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2021(1), pages 1-14.
    99. Martin Hodula & Jan Janku & Lukas Pfeifer, 2021. "Interaction of Cyclical and Structural Systemic Risks: Insights from Around and After the Global Financial Crisis," Research and Policy Notes 2021/03, Czech National Bank, Research and Statistics Department.
    100. Staehr, Karsten & Vermeulen, Robert, 2016. "How competitiveness shocks affect macroeconomic performance across euro area countries," Working Paper Series 1940, European Central Bank.
    101. Ponomarenko, Alexey & Tatarintsev, Stas, 2023. "Incorporating financial development indicators into early warning systems," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    102. Laeven, Luc & Perez-Quiros, Gabriel & Rivas, María Dolores Gadea, 2020. "Growth-and-risk trade-off," Working Paper Series 2397, European Central Bank.
    103. Pedersoli, Silvia & Presbitero, Andrea F., 2023. "Public debt management and private financial development," Economic Systems, Elsevier, vol. 47(1).
    104. Petra Gerlach-Kristen & Rossana Merola, 2019. "Consumption and credit constraints: a model and evidence from Ireland," Empirical Economics, Springer, vol. 57(2), pages 475-503, August.
    105. Philip Caju & Guillaume Périlleux & François Rycx & Ilan Tojerow, 2023. "A bigger house at the cost of an empty stomach? The effect of households’ indebtedness on their consumption: micro-evidence using Belgian HFCS data," Review of Economics of the Household, Springer, vol. 21(1), pages 291-333, March.
    106. Sean Hundtofte, 2017. "Does going easy on distressed banks help the macroeconomy?," Staff Reports 823, Federal Reserve Bank of New York.
    107. Mikhail Stolbov, 2014. "International Credit Cycles: A Regional Perspective," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 21-47.
    108. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2015. "Going to Extremes: Politics after Financial Crises, 1870-2014," CESifo Working Paper Series 5553, CESifo.
    109. Schularick, Moritz & Ferguson, Niall & Schaab, Andreas, 2015. "Central Bank Balance Sheets: Expansion and Reduction since 1900," CEPR Discussion Papers 10635, C.E.P.R. Discussion Papers.
    110. Beck, Thorsten & Chen, Tao & Lin, Chen & Song, Frank M., 2016. "Financial innovation: The bright and the dark sides," Journal of Banking & Finance, Elsevier, vol. 72(C), pages 28-51.
    111. Mikael Juselius & Mathias Drehmann, 2015. "Leverage dynamics and the real burden of debt," BIS Working Papers 501, Bank for International Settlements.
    112. Xue, Wenjun & Zhang, Liwen, 2019. "Revisiting the asymmetric effects of bank credit on the business cycle: A panel quantile regression approach," The Journal of Economic Asymmetries, Elsevier, vol. 20(C).
    113. Malherbe, Frederic & McMahon, Michael, 2024. "Beyond Pangloss: Financial sector origins of inefficient economic booms," Journal of Monetary Economics, Elsevier, vol. 145(C).
    114. Eichengreen, Barry & Park, Donghyun & Shin, Kwanho, 2021. "The shape of recovery: Implications of past experience for the duration of the COVID-19 recession," Journal of Macroeconomics, Elsevier, vol. 69(C).
    115. Marco Bernardini & Gert Peersman, 2015. "Private Debt Overhang and the Government Spending Multiplier: Evidence for the United States," CESifo Working Paper Series 5284, CESifo.
    116. Xing, Xiaoyun & Wang, Mingsong & Wang, Yougui & Stanley, H. Eugene, 2020. "Credit creation under multiple banking regulations: The impact of balance sheet diversity on money supply," Economic Modelling, Elsevier, vol. 91(C), pages 720-735.
    117. Philip Bunn & May Rostom, 2014. "Household debt and spending," Bank of England Quarterly Bulletin, Bank of England, vol. 54(3), pages 304-315.
    118. David Aikman & Jonathan Bridges & Sinem Hacioglu Hoke & Cian O’Neill & Akash Raja, 2019. "Credit, capital and crises: a GDP-at-Risk approach," Bank of England working papers 824, Bank of England.
    119. Ricardo J. Caballero & Alp Simsek, 2019. "Prudential Monetary Policy," NBER Working Papers 25977, National Bureau of Economic Research, Inc.
    120. Chen, Guojin & Chen, Lingling & Liu, Yanzhen & Qu, Yuxuan, 2021. "Stock price bubbles, leverage and systemic risk," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 405-417.
    121. Andrieş, Alin Marius & Ongena, Steven & Sprincean, Nicu, 2025. "Sectoral credit allocation and systemic risk," Journal of Financial Stability, Elsevier, vol. 76(C).
    122. Bucher, Monika & Dietrich, Diemo & Hauck, Achim, 2018. "Implications of bank regulation for loan supply and bank stability: A dynamic perspective," Discussion Papers 43/2018, Deutsche Bundesbank.
    123. Albi Tola & Sébastien Waelti, 2018. "Financial Crises, Output Losses, And The Role Of Structural Reforms," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 761-798, April.
    124. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Macrofinancial History and the New Business Cycle Facts," NBER Working Papers 22743, National Bureau of Economic Research, Inc.
    125. Gabriela ANGHELACHE & Alexandru MANOLE & Mugurel POPOVICI, 2016. "The evolution of the insurances market in Romania," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(11), pages 55-66, November.
    126. Christophe Blot & Paul Hubert & Fabien Labondance, 2017. "Does Monetary Policy generate Asset Price Bubbles?," Working Papers 2017-06, CRESE.
    127. Raphaël Cardot-Martin & Fabien Labondance & Catherine Refait-Alexandre, 2021. "Capital ratios and banking crises in the European Union," Working Papers 2021-05, CRESE.
    128. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Leveraged bubbles," Working Paper Series 2015-10, Federal Reserve Bank of San Francisco.
    129. Philippe Aghion & Terra Allas & Timothy Besley & John Browne & Francesco Caselli & Richard Davies & Richard Lambert & Rachel Lomax & Stephen Machin & Gianmarco I. P. Ottaviano & Christopher A. Pissari, 2017. "UK growth: a new chapter," CEP Reports 28b, Centre for Economic Performance, LSE.
    130. Verona, Fabio & Martins, Manuel M.F. & Drumond, Inês, 2017. "Financial shocks, financial stability, and optimal Taylor rules," Journal of Macroeconomics, Elsevier, vol. 54(PB), pages 187-207.
    131. Wang, Bo & Li, Haoran, 2021. "Downside risk, financial conditions and systemic risk in China," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
    132. Drehmann, Mathias & Juselius, Mikael & Korinek, Anton, 2017. "Accounting for debt service: The painful legacy of credit booms," Bank of Finland Research Discussion Papers 12/2017, Bank of Finland.
    133. Klein, Paul-Olivier & Turk-Ariss, Rima, 2022. "Bank capital and economic activity," Journal of Financial Stability, Elsevier, vol. 62(C).
    134. Sui, Jianli & Lv, Wenqiang & Gao, Xiang & Koedijk, Kees G., 2024. "China’s GDP-at-Risk: Real-Time Monitoring, Risk Tracing, and Macroeconomic Policy Effects," Journal of International Money and Finance, Elsevier, vol. 147(C).
    135. Saini, Seema & Ahmad, Wasim & Bekiros, Stelios, 2021. "Understanding the credit cycle and business cycle dynamics in India," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 988-1006.
    136. Jeremy C. Stein, 2021. "Can Policy Tame the Credit Cycle?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(1), pages 5-22, March.
    137. Christina D. Romer & David H. Romer, 2017. "New Evidence on the Aftermath of Financial Crises in Advanced Countries," American Economic Review, American Economic Association, vol. 107(10), pages 3072-3118, October.
    138. Dieppe,Alistair Matthew & Francis,Neville Ricardo & Kindberg-Hanlon,Gene, 2021. "Technology and Demand Drivers of Productivity Dynamics in Developed and Emerging Market Economies," Policy Research Working Paper Series 9525, The World Bank.
    139. Kirstin Hubrich & Daniel F. Waggoner, 2022. "The transmission of financial shocks and leverage of financial institutions: An endogenous regime switching framework," Finance and Economics Discussion Series 2022-034, Board of Governors of the Federal Reserve System (U.S.).
    140. Nikola Dacic & Marko Melolinna, 2019. "The empirics of granular origins: some challenges and solutions with an application to the UK," Bank of England working papers 842, Bank of England.
    141. Saleem Bahaj & Jonathan Bridges & Frederic Malherbe & Cian O’Neill, 2016. "What determines how banks respond to changes in capital requirements?," Bank of England working papers 593, Bank of England.
    142. Coppock, Lee A. & Harper, Daniel Q. & Holt, Charles A., 2021. "Capital constraints and asset bubbles: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 75-88.
    143. Martin Geiger & Marios Zachariadis, 2019. "Assessing Expectations as a Monetary/Fiscal State-Dependent Phenomenon," University of Cyprus Working Papers in Economics 01-2019, University of Cyprus Department of Economics.
    144. Mr. JaeBin Ahn & Mr. Romain A Duval & Can Sever, 2020. "Macroeconomic Policy, Product Market Competition, and Growth: The Intangible Investment Channel," IMF Working Papers 2020/025, International Monetary Fund.
    145. Jordà, Òscar & Taylor, Alan M., 2014. "The time for austerity: Estimating the average treatment effect of fiscal policy," SAFE Working Paper Series 79, Leibniz Institute for Financial Research SAFE.
    146. Taylor, Alan M. & Benguria, Felipe, 2019. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," CEPR Discussion Papers 13702, C.E.P.R. Discussion Papers.
    147. Luis Angeles, 2020. "Four Phases in the History of Money," Working Papers 2020_24, Business School - Economics, University of Glasgow.
    148. Klein, Mathias & Winkler, Roland, 2017. "Austerity, Inequality, and Private Debt Overhang," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168076, Verein für Socialpolitik / German Economic Association.
    149. Martin Hodula & Simona Malovana & Jan Frait, 2019. "Too Much of a Good Thing? Households' Macroeconomic Conditions and Credit Dynamics," Working Papers 2019/11, Czech National Bank, Research and Statistics Department.
    150. Döpke, Jörg & Fritsche, Ulrich & Müller, Karsten, 2019. "Has macroeconomic forecasting changed after the Great Recession? Panel-based evidence on forecast accuracy and forecaster behavior from Germany," Journal of Macroeconomics, Elsevier, vol. 62(C).
    151. Seán Kenny & Anders Ögren & Liang Zhao, 2023. "The highs and the lows: bank failures in Sweden through inflation and deflation, 1914–1926," European Review of Economic History, European Historical Economics Society, vol. 27(2), pages 223-249.
    152. Maciej Stefański, 2022. "GDP effects of pandemics: a historical perspective," Empirical Economics, Springer, vol. 63(6), pages 2949-2995, December.
    153. Bennani, Hamza, 2023. "Effect of monetary policy shocks on the racial unemployment rates in the US," Economic Systems, Elsevier, vol. 47(1).
    154. Emmanuel Caiazzo, 2025. "Systemic banking crises in complex economies," Mo.Fi.R. Working Papers 190, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    155. Martin Geiger & Marios Zachariadis, 2021. "Consumers' updating, policy shocks and public debt: An empirical assessment of state dependencies," Arbeitspapiere 69, Liechtenstein-Institut.
    156. Pablo Pastory y Camarasa & Martien Lamers, 2023. "Do Actions Follow Words? How bank sentiment predicts credit growth," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 23/1073, Ghent University, Faculty of Economics and Business Administration.
    157. Pascal Paul, 2020. "Historical Patterns of Inequality and Productivity around Financial Crises," Working Paper Series 2017-23, Federal Reserve Bank of San Francisco.
    158. Metrick, Andrew, 2022. "Blanket Guarantees Survey," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 4(4), pages 103-132, April.
    159. Arvind Krishnamurthy & Tyler Muir, 2017. "How Credit Cycles across a Financial Crisis," NBER Working Papers 23850, National Bureau of Economic Research, Inc.
    160. Zuzana Košťálová & Eva Horvátová & Štefan Lyócsa & Peter Gernát, 2022. "New Credit Drivers: Results from a Small Open Economy," Eastern European Economics, Taylor & Francis Journals, vol. 60(1), pages 79-112, January.
    161. Brownlees, Christian & Engle, Robert F., 2017. "SRISK: a conditional capital shortfall measure of systemic risk," ESRB Working Paper Series 37, European Systemic Risk Board.
    162. Elif C. Arbatli-Saxegaard & Ragnar E. Juelsrud, 2020. "Countercyclical capital requirement reductions, state dependence and macroeconomic outcomes," Working Paper 2020/9, Norges Bank.
    163. Christophe Blot & Paul Hubert & Fabien Labondance, 2020. "The asymmetric effects of monetary policy on stock price bubbles," Documents de Travail de l'OFCE 2020-12, Observatoire Francais des Conjonctures Economiques (OFCE).
    164. De Andrés Mosquera, Andrés, 2017. "Los determinantes a largo plazo y su contribución a la tasa de ahorro de los hogares españoles en el período 1985-2016 || Long-term determinants and its contribution to Spanish household saving rate d," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 24(1), pages 292-339, Diciembre.
    165. Rafiq, Shuddhasattwa, 2020. "Projecting post-crisis house and equity prices since the 1870s:not all crises are alike," MPRA Paper 103164, University Library of Munich, Germany.
    166. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    167. Martin Iseringhausen, 2024. "The housing supply channel of monetary policy," Working Papers 59, European Stability Mechanism, revised 05 Feb 2024.
    168. Boysen-Hogrefe, Jens & Fiedler, Salomon & Gern, Klaus-Jürgen & Groll, Dominik & Jannsen, Nils & Kooths, Stefan, 2021. "Vermögenspreise, Zinseffekte und die Robustheit der öffentlichen Finanzen in Deutschland - eine Szenario-Analyse," Kieler Beiträge zur Wirtschaftspolitik 36, Kiel Institute for the World Economy.
    169. Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The macroeconomic effects of macroprudential policy," BIS Working Papers 740, Bank for International Settlements.
    170. Gomis-Porqueras, Pedro & Rafiq, Shuddhasattwa & Yao, Wenying, 2020. "The Impact of Forward Guidance and Large-scale Asset Purchase Programs on Commodity Markets," MPRA Paper 102781, University Library of Munich, Germany.
    171. Paraskevi K. Salamaliki & Ioannis A. Venetis, 2024. "Fiscal Space and Policy Response to Financial Crises: Market Access and Deficit Concerns," Open Economies Review, Springer, vol. 35(2), pages 323-361, April.
    172. Mihai, Marius M., 2022. "The commercial bank leverage factor in U.S. asset prices," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 156-171.
    173. Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2019. "Structure of Income Inequality and Household Leverage: Theory and Cross-Country Evidence," Post-Print halshs-02079212, HAL.
    174. Yang, Lu, 2023. "Oil price bubbles: The role of network centrality on idiosyncratic sovereign risk," Resources Policy, Elsevier, vol. 82(C).
    175. Arvind Krishnamurthy & Wenhao Li, 2020. "Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment," NBER Working Papers 27088, National Bureau of Economic Research, Inc.
    176. Falk Bräuning & J. Christina Wang, 2020. "The Great Leverage 2.0? A Tale of Different Indicators of Corporate Leverage," Current Policy Perspectives 87795, Federal Reserve Bank of Boston.
    177. Carlos Pérez Montes & Alejandro Ferrer & Gabriel Jiménez & Laura Álvarez Román & Henrique Basso & Beatriz González López & Sergio Mayordomo & Álvaro Menéndez Pujadas & Myroslav Pidkuyko & Lola Morales, 2023. "Individual and sectoral analysis framework for the impact of economic and financial risks," Occasional Papers 2313, Banco de España.
    178. Yasin Mimir & Lorenzo Ricci, 2024. "Financial imbalances and macroeconomic tail risks: A structural regime-switching investigation," Working Papers 64, European Stability Mechanism, revised 15 Nov 2024.
    179. Ben-Rephael, Azi & Choi, Jaewon & Goldstein, Itay, 2021. "Mutual fund flows and fluctuations in credit and business cycles," Journal of Financial Economics, Elsevier, vol. 139(1), pages 84-108.
    180. Glocker, Christian & Sestieri, Giulia & Towbin, Pascal, 2019. "Time-varying government spending multipliers in the UK," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 180-197.
    181. Metrick, Andrew, 2022. "Market Support Programs: COVID-19 Crisis," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 4(2), pages 179-219, April.
    182. Boysen-Hogrefe, Jens & Groll, Dominik & Hoffmann, Timo & Jannsen, Nils & Kooths, Stefan & Sonnenberg, Nils & Stamer, Vincent, 2023. "Deutsche Wirtschaft im Frühjahr 2023: Konjunktur fängt sich, Auftriebskräfte eher gering [German economy in spring 2023: Economy is stabilizing but little momentum going forward]," Kieler Konjunkturberichte 101, Kiel Institute for the World Economy.
    183. Mansour Ishrakieh, Layal & Dagher, Leila & El Hariri, Sadika, 2019. "A Financial Stress Index for a Highly Dollarized Developing Country: The Case of Lebanon," MPRA Paper 116083, University Library of Munich, Germany.
    184. Massenot, Baptiste, 2020. "Credit cycles: Experimental evidence," SAFE Working Paper Series 104 [rev.], Leibniz Institute for Financial Research SAFE, revised 2020.
    185. Paul, Pascal, 2020. "A macroeconomic model with occasional financial crises," Journal of Economic Dynamics and Control, Elsevier, vol. 112(C).
    186. Anundsen, Andre K. & Nymoen, Ragnar, 2015. "Did US consumers `save for a rainy day' before the Great Recession?," Memorandum 11/2015, Oslo University, Department of Economics.
    187. Gabor Katay & Lisa Kerdelhué & Matthieu Lequien, 2020. "Semi-Structural VAR and Unobserved Components Models to Estimate Finance-Neutral Output Gap," JRC Working Papers in Economics and Finance 2020-11, Joint Research Centre, European Commission.
    188. Smets, Frank & Villa, Stefania, 2016. "Slow recoveries: Any role for corporate leverage?," Journal of Economic Dynamics and Control, Elsevier, vol. 70(C), pages 54-85.
    189. Guerrieri, V. & Uhlig, H., 2016. "Housing and Credit Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 1427-1496, Elsevier.
    190. Andrea Ajello & Thomas Laubach & J. David López-Salido & Taisuke Nakata, 2016. "Financial Stability and Optimal Interest-Rate Policy," Finance and Economics Discussion Series 2016-067, Board of Governors of the Federal Reserve System (U.S.).
    191. Pratiti Chatterjee & David Gunawan & Robert Kohn, 2020. "The Interaction Between Credit Constraints and Uncertainty Shocks," Papers 2004.14719, arXiv.org.
    192. Kelly, Robert & Byrne, David, 2019. "Bank asset quality and monetary policy pass-through," ESRB Working Paper Series 98, European Systemic Risk Board.
    193. Mikael Juselius & Anton Korinek & Mathias Drehmann, 2017. "Debt Service: The Painful Legacy of Credit Booms," 2017 Meeting Papers 1258, Society for Economic Dynamics.
    194. Braun, Matías & Marcet, Francisco & Raddatz, Claudio, 2024. "The good, the bad, and the not-so-ugly of credit booms?: capital allocation and financial constraints," Journal of Banking & Finance, Elsevier, vol. 161(C).
    195. Yi, Xingjian & Liu, Sheng & Wu, Zhouheng, 2022. "What drives credit expansion worldwide?——An empirical investigation with long-term cross-country panel data," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 225-242.
    196. Xavier Freixas, 2018. "Credit Growth, Rational Bubbles and Economic Efficiency," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 87-104, March.
    197. Martinez-Miera, David & Repullo, Rafael, 2019. "Monetary policy, macroprudential policy, and financial stability," Working Paper Series 2297, European Central Bank.
    198. Atif Mian & Amir Sufi, 2016. "Who Bears the Cost of Recessions? The Role of House Prices and Household Debt," NBER Working Papers 22256, National Bureau of Economic Research, Inc.
    199. Mehigan, Caroline, 2018. "Bilateral adjustment of bank assets: Boom and bust," Emerging Markets Review, Elsevier, vol. 36(C), pages 144-158.
    200. Drehmann, Mathias & Juselius, Mikael & Korinek, Anton, 2023. "Long-term debt propagation and real reversals," Bank of Finland Research Discussion Papers 5/2023, Bank of Finland.
    201. Michael D. Bordo & Christopher M. Meissner, 2016. "Fiscal and Financial Crises," NBER Working Papers 22059, National Bureau of Economic Research, Inc.
    202. Montes, Gabriel Caldas & Valladares, Matheus & de Moraes, Claudio Oliveira, 2021. "Impacts of the sovereign risk perception on financial stability: Evidence from Brazil," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 358-369.
    203. Hodula, Martin & Libich, Jan, 2023. "Has monetary policy fueled the rise in shadow banking?," Economic Modelling, Elsevier, vol. 123(C).
    204. Dassatti Camors, Cecilia & Peydró, José-Luis & R.-Tous, Francesc & Vicente, Sergio, 2019. "Macroprudential and Monetary Policy: Loan-Level Evidence from Reserve Requirements," EconStor Preprints 216795, ZBW - Leibniz Information Centre for Economics.
    205. Singh, Rajesh & Hasan, Mohammad, 2023. "Cross-country Spillovers in Interbank Liquidity Crises," ISU General Staff Papers 202311011603320000, Iowa State University, Department of Economics.
    206. Alina K. Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I. Steins, 2025. "The Distribution of Household Debt in the United States, 1950-2022," CRC TR 224 Discussion Paper Series crctr224_2025_634, University of Bonn and University of Mannheim, Germany.
    207. Blickle, Kristian & Santos, João A.C., 2024. "The costs of corporate debt overhang," Journal of Financial Intermediation, Elsevier, vol. 60(C).
    208. Basco, Sergi & Felice, Giulia & Merlevede, Bruno & Mestieri, Martí, 2024. "Financial crises and the global supply network: Evidence from multinational enterprises," Journal of International Economics, Elsevier, vol. 152(C).
    209. Pascal Paul, 2018. "Historical Patterns of Inequality and Productivity around Financial Crises," 2018 Meeting Papers 583, Society for Economic Dynamics.
    210. de Mendonça, Helder Ferreira & de Moraes, Claudio Oliveira, 2018. "Central bank disclosure as a macroprudential tool for financial stability," Economic Systems, Elsevier, vol. 42(4), pages 625-636.
    211. Salvatore Morelli, 2018. "Banking crises in the US: the response of top income shares in a historical perspective," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 16(2), pages 257-294, June.
    212. Claudio Borio & Piti Disyatat & Mikael Juselius & Phurichai Rungcharoenkitkul, 2018. "La política monetaria cercada por un movimiento de pinzas," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 21(2), pages 004-044, August.
    213. Jia, Pengfei, 2021. "Trust Shocks, Financial Crises, and Money," MPRA Paper 106343, University Library of Munich, Germany.
    214. Borio, Claudio & Drehmann, Mathias & Xia, Fan Dora, 2020. "Forecasting recessions: the importance of the financial cycle," Journal of Macroeconomics, Elsevier, vol. 66(C).
    215. Simone Arrigoni & Alina Bobasu & Fabrizio Venditti, 2022. "Measuring Financial Conditions using Equal Weights Combination," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 668-697, December.
    216. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    217. Beutel, Johannes & Emter, Lorenz & Metiu, Norbert & Prieto, Esteban & Schüler, Yves, 2025. "The global financial cycle and macroeconomic tail risks," Journal of International Money and Finance, Elsevier, vol. 156(C).
    218. Bruno Albuquerque, 2024. "Corporate debt booms, financial constraints, and the investment nexus," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(5), pages 766-789, August.
    219. David Aikman & Jonathan Bridges & Anil Kashyap & Caspar Siergert, 2018. "Would macroprudential regulation have prevented the last crisis?," Bank of England working papers 747, Bank of England.
    220. Jannsen, Nils & Quast, Josefine, 2018. "Der Finanzzyklus in Deutschland," Kiel Insight 2018.15, Kiel Institute for the World Economy.
    221. Christophe Blot & Paul Hubert & Fabien Labondance, 2018. "Monetray policy and asset price bubbles," Working Papers hal-03471562, HAL.
    222. Broadberry, Stephen & Lennard, Jason, 2024. "European business cycles and economic growth, 1300-2000," LSE Research Online Documents on Economics 123968, London School of Economics and Political Science, LSE Library.
    223. Ari, Anil & Chen, Sophia & Ratnovski, Lev, 2021. "The dynamics of non-performing loans during banking crises: A new database with post-COVID-19 implications," Journal of Banking & Finance, Elsevier, vol. 133(C).
    224. Torsten Wezel, 2019. "Conceptual Issues in Calibrating the Basel III Countercyclical Capital Buffer," IMF Working Papers 2019/086, International Monetary Fund.
    225. Akhmadieva, Veronika, 2022. "Fiscal adjustment in a panel of countries 1870–2016," Journal of Comparative Economics, Elsevier, vol. 50(2), pages 555-568.
    226. Yfanti, Stavroula & Karanasos, Menelaos & Zopounidis, Constantin & Christopoulos, Apostolos, 2023. "Corporate credit risk counter-cyclical interdependence: A systematic analysis of cross-border and cross-sector correlation dynamics," European Journal of Operational Research, Elsevier, vol. 304(2), pages 813-831.
    227. Dawid, H. & Harting, P. & Neugart, M., 2018. "Cohesion policy and inequality dynamics: Insights from a heterogeneous agents macroeconomic model," Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 220-255.
    228. Martin Gächter & Martin Geiger & Florentin Glötzl & Helene Schuberth, 2015. "Sectoral Deleveraging in Europe and Its Economic Implications," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 8-23.
    229. Niţoi, Mihai & Clichici, Dorina & Moagăr-Poladian, Simona, 2019. "The effects of prudential policies on bank leverage and insolvency risk in Central and Eastern Europe," Economic Modelling, Elsevier, vol. 81(C), pages 148-160.
    230. Marta Gómez-Puig & Simón Sosvilla-Rivero, 2017. "Nonfinancial debt and economic growth in euro-area countries," IREA Working Papers 201714, University of Barcelona, Research Institute of Applied Economics, revised Jul 2017.
    231. Gächter, Martin & Hasler, Elias & Scharler, Johann, 2023. "Kicking the can down the road: A historical growth-at-risk perspective," Economics Letters, Elsevier, vol. 228(C).
    232. Yun Jung Kim & Jing Zhang, 2021. "The Relationship Between Debt and Output," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 69(1), pages 230-257, March.
    233. Atif Mian & Amir Sufi & Emil Verner, 2017. "How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s," NBER Working Papers 23802, National Bureau of Economic Research, Inc.
    234. Kirschenmann, Karolin & Malinen, Tuomas & Nyberg, Henri, 2016. "The risk of financial crises: Is there a role for income inequality?," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 161-180.
    235. Juan Carlos Castro Fernández & Juan Carlos Castro Fern�ndez, 2022. "Big Recessions and Slow Recoveries," Documentos de Trabajo UEC 20128, Universidad Externado de Colombia.
    236. Demirel, Ufuk Devrim, 2021. "The short-term effects of tax changes: The role of state dependence," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 918-934.
    237. Juselius, Mikael & Drehmann, Mathias, 2016. "Leverage dynamics and the burden of debt," Bank of Finland Research Discussion Papers 3/2016, Bank of Finland.
    238. Cep Jandi Anwar & Stephen G Hall & Nermeen Harb & Indra Suhendra & Eka Purwanda, 2023. "Evaluation of central bank independence, macroprudential policy, and credit gap in developing countries," PLOS ONE, Public Library of Science, vol. 18(5), pages 1-15, May.
    239. Martha L. Olney & Aaron Pacitti, 2017. "The Rise Of Services, Deindustrialization, And The Length Of Economic Recovery," Economic Inquiry, Western Economic Association International, vol. 55(4), pages 1625-1647, October.
    240. Svensson, Lars E.O., 2017. "Cost-benefit analysis of leaning against the wind," Journal of Monetary Economics, Elsevier, vol. 90(C), pages 193-213.
    241. Hashimoto, Ken-ichi & Im, Ryonghun & Kunieda, Takuma, 2020. "Asset Bubbles, Unemployment, and a Financial Crisis," Journal of Macroeconomics, Elsevier, vol. 65(C).
    242. Mr. Markus Eberhardt & Mr. Andrea F Presbitero, 2018. "Commodity Price Movements and Banking Crises," IMF Working Papers 2018/153, International Monetary Fund.
    243. Woo, Jaejoon, 2023. "Financial crises and inequality: New evidence from a panel of 17 advanced economies," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    244. Markus Leibrecht & Johann Scharler, 2017. "Financial Crises and the Composition of Public Finances: Evidence from OECD Countries," ICMA Centre Discussion Papers in Finance icma-dp2017-04, Henley Business School, University of Reading.
    245. Dungey, Mardi & Islam, Raisul & Volkov, Vladimir, 2020. "Crisis transmission: Visualizing vulnerability," Pacific-Basin Finance Journal, Elsevier, vol. 59(C).
    246. Canofari, Paolo & Cucculelli, Marco & Piergallini, Alessandro & Renghini, Matteo, 2025. "Tightening monetary policy and investment dynamics in the European Monetary Union: Firm- and country-level heterogeneity," Journal of Corporate Finance, Elsevier, vol. 94(C).
    247. Devereux, John & Dwyer, Gerald P., 2016. "What determines output losses after banking crises?," Journal of International Money and Finance, Elsevier, vol. 69(C), pages 69-94.
    248. Clément Mathonnat & Alexandru Minea & Marcel Voia, 2022. "Does more finance lead to longer crises?," The World Economy, Wiley Blackwell, vol. 45(1), pages 111-135, January.
    249. Stefan Behrendt, 2016. "Taking Stock - Credit Measures in Monetary Transmission," Jena Economics Research Papers 2016-002, Friedrich-Schiller-University Jena.
    250. Nicoletta Batini & Mr. Giovanni Melina & Stefania Villa, 2016. "Fiscal Buffers, Private Debt, and Stagnation: The Good, the Bad and the Ugly," IMF Working Papers 2016/104, International Monetary Fund.
    251. Hodula, Martin & Janků, Jan & Pfeifer, Lukáš, 2023. "Macro-prudential policies to contain the effect of structural risks on financial downturns," Journal of Policy Modeling, Elsevier, vol. 45(6), pages 1204-1222.
    252. Ozili, Peterson K, 2019. "Financial Stability: Does Social Activism Matter?," MPRA Paper 92192, University Library of Munich, Germany.
    253. Hodula, Martin & Škrabić Perić, Blanka & Sorić, Petar, 2023. "Economic uncertainty and non-bank financial intermediation: Evidence from a European panel," Finance Research Letters, Elsevier, vol. 53(C).
    254. Fernández-Gallardo, Álvaro & Payá, Iván, 2025. "Public debt burden and crisis severity," European Economic Review, Elsevier, vol. 176(C).
    255. Delle Monache, Davide & De Polis, Andrea & Petrella, Ivan, 2021. "Modeling and forecasting macroeconomic downside risk," Temi di discussione (Economic working papers) 1324, Bank of Italy, Economic Research and International Relations Area.
    256. Giorgio Calcagnini & Federico Favaretto & Germana Giombini & Fabio Tramontana, 2025. "Household Financial Fragility, Debt and Income in a Dynamic Model," Computational Economics, Springer;Society for Computational Economics, vol. 65(2), pages 963-988, February.
    257. Lang, Jan Hannes & Forletta, Marco, 2020. "Cyclical systemic risk and downside risks to bank profitability," Working Paper Series 2405, European Central Bank.
    258. Caiani, Alessandro & Godin, Antoine & Caverzasi, Eugenio & Gallegati, Mauro & Kinsella, Stephen & Stiglitz, Joseph E., 2016. "Agent based-stock flow consistent macroeconomics: Towards a benchmark model," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 375-408.
    259. Joris Tielens & Simone Lenzu & David A. Rivers & Shi Hu, 2025. "Financial shocks, producivity and prices," Working Paper Research 479, National Bank of Belgium.
    260. Kukk, Merike & Levenko, Natalia, 2024. "Measuring the effects of borrower-based policies on new housing loans," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 666-684.
    261. David-Jan Jansen, 2023. "Homeowners and flood risk: A disconnect between awareness and actions?," Working Papers 791, DNB.
    262. Villacorta, Alonso, 2018. "Business cycles and the balance sheets of the financial and non-financial sectors," ESRB Working Paper Series 68, European Systemic Risk Board.
    263. Jung, Alexander, 2025. "The quantity theory of money: An empirical analysis for 1870 - 2020," Journal of Macroeconomics, Elsevier, vol. 85(C).
    264. Thomas Grjebine & Fabien Tripier, 2016. "Finance and Growth: From the Business Cycle to the Long Run," Working Papers 2016-28, CEPII research center.
    265. Nina Boyarchenko & Giovanni Favara & Moritz Schularick, 2022. "Financial Stability Considerations for Monetary Policy: Empirical Evidence and Challenges," Finance and Economics Discussion Series 2022-006, Board of Governors of the Federal Reserve System (U.S.).
    266. Marius Clemens & Konstantin A. Kholodilin & Claus Michelsen, 2020. "Fortschreibung der Kapazitätsauslastung in der TFP-Berechnung: Endbericht; Kurzexpertise im Auftrag des Bundesfinanzministeriums (fe 3/19)," DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research, volume 127, number pbk160.
    267. Apostolos Serletis & Khandokar Istiak, 2018. "Broker-dealer Leverage and the Stock Market," Open Economies Review, Springer, vol. 29(2), pages 215-222, April.
    268. Jacopo Bonchi & Francesco Simone Lucidi, 2020. "How Low Interest Rates Discern the Bubbles Nature: Leveraged vs Unleveraged Bubble," Working Papers 12/20, Sapienza University of Rome, DISS.
    269. Antonio Fatás & Sanjay R. Singh, 2022. "Supply or Demand? Policy Makers' Confusion in the Presence of Hysteresis," Working Papers 347, University of California, Davis, Department of Economics.
    270. Gu, Xinhua & Tam, Pui Sun & Lei, Chun Kwok, 2021. "The effects of inequality in the 1997–98 Asian crisis and the 2008–09 global tsunami: The case of five Asian economies," Journal of International Money and Finance, Elsevier, vol. 110(C).
    271. Alina K Bartscher & Moritz Kuhn & Moritz Schularick & Ulrike I Steins, 2025. "The Distribution of Household Debt in the United States, 1950-2022," Post-Print hal-05448445, HAL.
    272. Nyholm, Juho & Silvo, Aino, 2022. "A model for predicting Finnish household loan stocks," BoF Economics Review 4/2022, Bank of Finland.
    273. Lopomo Beteto Wegner, Danilo, 2024. "Central bank intervention and financial bubbles," International Review of Economics & Finance, Elsevier, vol. 92(C), pages 1-19.
    274. Gabriel, Ricardo Duque & Klein, Mathias & Pessoa, Sofia, 2022. "The Political Costs of Austerity," Working Paper Series 418, Sveriges Riksbank (Central Bank of Sweden).
    275. Ortmans, Aymeric & Tripier, Fabien, 2021. "COVID-induced sovereign risk in the euro area: When did the ECB stop the spread?," European Economic Review, Elsevier, vol. 137(C).
    276. Hirschbühl, Dominik & Krustev, Georgi & Stoevsky, Grigor, 2020. "Financial drivers of the euro area business cycle: a DSGE-based approach," Working Paper Series 2475, European Central Bank.
    277. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2019. "Default, Bailouts and the Vertical Structure of Financial Intermediaries," Department of Economics Working Papers 2019_04, Durham University, Department of Economics.
    278. Bartscher, Alina K. & Kuhn, Moritz & Schularick, Moritz & Steins, Ulrike I., 2025. "The distribution of household debt in the United States, 1950-2022," Open Access Publications from Kiel Institute for the World Economy 324154, Kiel Institute for the World Economy.
    279. Frederic Boissay & Fabrice Collard & Frank Smets, 2016. "Booms and banking crises," BIS Working Papers 545, Bank for International Settlements.
    280. Park, Donghyun & Shin, Kwanho & Tian, Shu, 2023. "Debts and depth of recessions," International Review of Economics & Finance, Elsevier, vol. 87(C), pages 468-485.
    281. Kilinc, Mustafa & Ulussever, Talat, 2024. "Changing landscape of the finance-growth nexus: Industry growth, credit types, and external financial dependence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 91(C).
    282. Teimouri, Sheida & Dutta, Nabamita, 2016. "Investment and bank credit recovery after banking crises," Journal of Financial Stability, Elsevier, vol. 26(C), pages 306-327.
    283. Thibaut Duprey & Benjamin Klaus & Tuomas Peltonen, 2016. "Dating Systemic Financial Stress Episodes in the EU Countries," Staff Working Papers 16-11, Bank of Canada.
    284. Giroud, Xavier & Mueller, Holger M., 2021. "Firm leverage and employment dynamics," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1381-1394.
    285. André K. Anundsen & Frank Hansen & Karsten Gerdrup & Kasper Kragh-Sørensen, 2014. "Bubbles and crises: The role of house prices and credit," Working Paper 2014/14, Norges Bank.
    286. Aizenman, Joshua & Jinjarak, Yothin & Nguyen, Hien Thi Kim & Park, Donghyun, 2018. "Fiscal space and government-spending & tax-rate cyclicality patterns: A cross-country comparison, 1960-2016," Working Paper Series 20837, Victoria University of Wellington, School of Economics and Finance.
    287. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Gern, Klaus-Jürgen & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Mösle, Saskia & Potjagailo, Galina & Stolzenburg, Ulrich, 2019. "Mittelfristprojektion für Deutschland im Herbst 2019 - Potenzialwachstum kommt in die Jahre," Kieler Konjunkturberichte 60, Kiel Institute for the World Economy.
    288. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Gern, Klaus-Jürgen & Groll, Dominik & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Mösle, Saskia & Stolzenburg, Ulrich, 2020. "Mittelfristprojektion für Deutschland im Herbst 2020. Wachstumspfad flacht sich ab - zusätzliche Risiken durch die Pandemie," Kieler Konjunkturberichte 72, Kiel Institute for the World Economy.
    289. Kpodar, Kangni & Abdallah, Chadi, 2017. "Dynamic fuel price pass-through: Evidence from a new global retail fuel price database," Energy Economics, Elsevier, vol. 66(C), pages 303-312.
    290. Dirk Bezemer & Maria Grydaki & Lu Zhang, 2016. "More Mortgages, Lower Growth?," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 652-674, January.
    291. Kiley, Michael T., 2021. "What macroeconomic conditions lead financial crises?," Journal of International Money and Finance, Elsevier, vol. 111(C).
    292. David Finck & Paul Rudel, 2020. "Do Credit Supply Shocks Have Asymmetric Effects?," MAGKS Papers on Economics 202026, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    293. Gete, Pedro & Gomez, Juan Pedro, 2017. "Dealing with Overleverage: Restricting Leverage vs. Restricting Variable Compensation," MPRA Paper 80642, University Library of Munich, Germany.
    294. Martin Kornejew & Chen Lian & Yueran Ma & Pablo Ottonello & Diego J. Perez, 2024. "Bankruptcy Resolution and Credit Cycles," NBER Chapters, in: NBER Macroeconomics Annual 2024, volume 39, pages 1-39, National Bureau of Economic Research, Inc.
    295. Joseph G. Haubrich, 2024. "Moritz Schularick, ed.: Leveraged: the new economics of debt and financial fragility," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 59(1), pages 60-61, January.
    296. Carrillo Julio A. & García Ana Laura, 2021. "The COVID-19 Economic Crisis in Mexico through the Lens of a Financial Conditions Index," Working Papers 2021-23, Banco de México.
    297. Johnson, Christopher, 2016. "Differences of Opinion, Liquidity, and Monetary Policy," MPRA Paper 70951, University Library of Munich, Germany.
    298. MeiChi Huang, 2021. "Regime switches and permanent changes in impacts of housing risk factors on MSA‐level housing returns," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 310-342, January.
    299. Gabrovski, Miroslav & Geromichalos, Athanasios & Herrenbrueck, Lucas & Kospentaris, Ioannis & Lee, Sukjoon, 2025. "The real effects of financial disruptions in a monetary economy," Journal of Monetary Economics, Elsevier, vol. 151(C).
    300. Gagari Chakrabarti, 2022. "Openness and Potential Fragility of the Global Banking System," India Studies in Business and Economics, in: Supravat Bagli & Gagari Chakrabarti & Prithviraj Guha (ed.), Persistent and Emerging Challenges to Development, chapter 0, pages 351-370, Springer.
    301. Mikkel Plagborg-Møller & Christian K. Wolf, 2020. "Local Projections and VARs Estimate the Same Impulse Responses," Working Papers 2020-16, Princeton University. Economics Department..
    302. Juan Carlos Castro Fernández & Juan Carlos Castro Fern�ndez, 2022. "Financial Crises and Expectation-driven Recessions," Documentos de Trabajo UEC 20129, Universidad Externado de Colombia.
    303. Baig, Ahmed S. & Blau, Benjamin M. & Butt, Hassan A. & Yasin, Awaid, 2023. "Reprint of: Do retail traders destabilize financial markets? An investigation surrounding the COVID-19 pandemic," Journal of Banking & Finance, Elsevier, vol. 147(C).
    304. Wasim Ahmad & Sanjay Sehgal, 2018. "Business Cycle and Financial Cycle Interdependence and the Rising Role of China in SAARC," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 16(2), pages 337-362, June.
    305. David López-Salido & Jeremy C. Stein & Egon Zakrajšek, 2016. "Credit-Market Sentiment and the Business Cycle," NBER Working Papers 21879, National Bureau of Economic Research, Inc.
    306. Jannsen, Nils, 2019. "Hat die Fehlallokation von Produktionsfaktoren zur Produktivitätsschwäche in Deutschland beigetragen?," Open Access Publications from Kiel Institute for the World Economy 225298, Kiel Institute for the World Economy.
    307. Pierre-Olivier Gourinchas & Hélène Rey, 2016. "Real Interest Rates, Imbalances and the Curse of Regional Safe Asset Providers at the Zero Lower Bound," NBER Working Papers 22618, National Bureau of Economic Research, Inc.
    308. Gulan, Adam & Haavio, Markus & Kilponen, Juha, 2014. "Kiss me deadly: From Finnish great depression to great recession," Bank of Finland Research Discussion Papers 24/2014, Bank of Finland.
    309. Croicu Andreea-Elena & Călin Adrian Cantemir, 2024. "Reconceptualizing Stability: Dynamics of Shadow Banking in Financial Markets," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 18(1), pages 1385-1397.
    310. Christopher Hansman & Harrison Hong & Wenxi Jiang & Yu-Jane Liu & Juan-Juan Meng, 2018. "Effects of Credit Expansions on Stock Market Booms and Busts," NBER Working Papers 24586, National Bureau of Economic Research, Inc.
    311. Pedro Bordalo & Nicola Gennaioli & Andrei Shleifer, 2016. "Diagnostic Expectations and Credit Cycles," NBER Working Papers 22266, National Bureau of Economic Research, Inc.
    312. Peter Dietsch, 2021. "Money creation, debt, and justice," Politics, Philosophy & Economics, , vol. 20(2), pages 151-179, May.
    313. Ferdaous Bahri & Taher Hamza, 2020. "The Impact of Market Power on Bank Risk-Taking: an Empirical Investigation," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1198-1233, September.
    314. Abiad, Abdul & Qureshi, Irfan A., 2023. "The macroeconomic effects of oil price uncertainty," Energy Economics, Elsevier, vol. 125(C).
    315. Schleer, Frauke & Semmler, Willi, 2015. "Financial sector and output dynamics in the euro area: Non-linearities reconsidered," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 235-263.
    316. Fernandez-Gallardo, Alvaro, 2023. "Preventing financial disasters: Macroprudential policy and financial crises," European Economic Review, Elsevier, vol. 151(C).
    317. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," Temi di discussione (Economic working papers) 1168, Bank of Italy, Economic Research and International Relations Area.
    318. Bezemer, Dirk & Grydaki, Maria & Zhang, Lu, 2014. "Is financial development bad for growth?," Research Report 14016-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    319. Ali Gungoraydinoglu & Özde Öztekin, 2022. "Financial crises, banking regulations, and corporate financing patterns around the world," International Review of Finance, International Review of Finance Ltd., vol. 22(3), pages 506-539, September.
    320. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2024. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 116-151, March.
    321. Dirma, Mantas & Karmelavičius, Jaunius, 2025. "Micro-assessment of macroprudential borrower-based measures," Journal of Banking & Finance, Elsevier, vol. 176(C).
    322. Wang, Shengquan & Chen, Langnan, 2019. "Driving factors of equity bubbles," The North American Journal of Economics and Finance, Elsevier, vol. 49(C), pages 304-317.
    323. Lopez Buenache, German & Borsi, Mihály Tamás & Rosa-García, Alfonso, 2020. "Credit cycles and labor market slacks: predictive evidence from Markov-switching models," MPRA Paper 100362, University Library of Munich, Germany.
    324. Eminidou, Snezana & Geiger, Martin & Zachariadis, Marios, 2023. "Public debt and state-dependent effects of fiscal policy in the euro area," Journal of International Money and Finance, Elsevier, vol. 130(C).
    325. Łukasz Goczek & Karol Partyka, 2017. "Polityka pieniężna i ceny nieruchomości w krajach OECD w modelu losowych współczynników," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 47, pages 101-112.
    326. Kim, Dohan, 2025. "The Asymmetric Bank Distress Amplifier of Recessions," Policy Research Working Paper Series 11170, The World Bank.
    327. Kilponen, Juha & Orjasniemi, Seppo & Ripatti, Antti & Verona, Fabio, 2016. "The Aino 2.0 model," Bank of Finland Research Discussion Papers 16/2016, Bank of Finland.
    328. Hristov, Nikolay & Roth, Markus, 2022. "Uncertainty shocks and systemic-risk indicators," Journal of International Money and Finance, Elsevier, vol. 122(C).
    329. da Rocha, Bruno T. & Solomou, Solomos, 2015. "The effects of systemic banking crises in the inter-war period," Journal of International Money and Finance, Elsevier, vol. 54(C), pages 35-49.
    330. Aldunate, Felipe & Jenter, Dirk & Korteweg, Arthur & Koudijs, Peter, 2021. "Shareholder liability and bank failure," LSE Research Online Documents on Economics 118863, London School of Economics and Political Science, LSE Library.
    331. Schularick, Moritz & Richter, Björn & Shim, Ilhyock, 2018. "The Costs of Macroprudential Policy," CEPR Discussion Papers 13124, C.E.P.R. Discussion Papers.
    332. Paul Wachtel, 2018. "Credit Deepening: Precursor to Growth or Crisis?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 34-43, March.
    333. Kirti, Divya, 2025. "Lending standards and output growth," Journal of Financial Stability, Elsevier, vol. 76(C).
    334. Lim, Jamus Jerome, 2019. "Growth in the shadow of debt," Journal of Banking & Finance, Elsevier, vol. 103(C), pages 98-112.
    335. De Nora, Giorgia & Pereira, Ana & Pirovano, Mara & Stammwitz, Florian, 2025. "From losses to buffer - calibrating the positive neutral CCyB rate in the euro area," Working Paper Series 3061, European Central Bank.
    336. Oliver Röhn & Aida Caldera Sánchez & Mikkel Hermansen & Morten Rasmussen, 2015. "Economic resilience: A new set of vulnerability indicators for OECD countries," OECD Economics Department Working Papers 1249, OECD Publishing.
    337. Bjarni G. Einarsson & Kristófer Gunnlaugsson & Thorvardur Tjörvi Ólafsson & Thórarinn G. Pétursson, 2016. "The long history of financial boom-bust cycles in Iceland - Part II: Financial cycles," Economics wp72, Department of Economics, Central bank of Iceland.
    338. Òscar Jordà & Fernanda Nechio, 2019. "Inflation Globally," Working Papers Central Bank of Chile 850, Central Bank of Chile.
    339. Gersbach, Hans & Rochet, Jean-Charles, 2017. "Capital regulation and credit fluctuations," Journal of Monetary Economics, Elsevier, vol. 90(C), pages 113-124.
    340. Aida Caldera Sánchez & Filippo Gori, 2016. "Can Reforms Promoting Growth Increase Financial Fragility?: An Empirical Assessment," OECD Economics Department Working Papers 1340, OECD Publishing.
    341. Thomas Grjebine & Urzula Szczerbowicz & Fabien Tripier, 2017. "Corporate Debt Structure and Economic Recoveries," Working papers 646, Banque de France.
    342. Anastasios Evgenidis & Anastasios G. Malliaris, 2022. "Monetary policy, financial shocks and economic activity," Review of Quantitative Finance and Accounting, Springer, vol. 59(2), pages 429-456, August.
    343. Johannes Matschke, 2022. "Effective Downward Nominal Wage Rigidities," Research Working Paper RWP 22-10, Federal Reserve Bank of Kansas City, revised 10 Jul 2024.
    344. Emile du Plessis & Ulrich Fritsche, 2025. "New forecasting methods for an old problem: Predicting 147 years of systemic financial crises," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 44(1), pages 3-40, January.
    345. Cañizares Martínez, Carlos, 2025. "Dating housing booms fueled by credit: A Markov switching approach," Journal of Financial Stability, Elsevier, vol. 78(C).
    346. Gemmi, Luca, 2024. "Rational overoptimism and limited liability," Journal of Monetary Economics, Elsevier, vol. 143(C).
    347. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    348. Moritz Schularick & Lucas ter Steege & Felix Ward, 2020. "Leaning against the Wind and Crisis Risk," CESifo Working Paper Series 8484, CESifo.
    349. Abdelsalam, Omneya & Chantziaras, Antonios & Batten, Jonathan A. & Aysan, Ahmet Faruk, 2021. "Major shareholders’ trust and market risk: Substituting weak institutions with trust," Journal of Corporate Finance, Elsevier, vol. 66(C).
    350. Dovern, Jonas & Jannsen, Nils, 2017. "Systematic errors in growth expectations over the business cycle," International Journal of Forecasting, Elsevier, vol. 33(4), pages 760-769.
    351. Nina Boyarchenko & Domenico Giannone & Anna Kovner, 2020. "Bank Capital and Real GDP Growth," Staff Reports 950, Federal Reserve Bank of New York.
    352. Kenny, Seán & Lennard, Jason & Turner, John D., 2021. "The macroeconomic effects of banking crises: Evidence from the United Kingdom, 1750–1938," Explorations in Economic History, Elsevier, vol. 79(C).
    353. Taylor, Alan M. & Jordà , Òscar & Singh, Sanjay, 2020. "Longer-run economic consequences of pandemics," CEPR Discussion Papers 14543, C.E.P.R. Discussion Papers.
    354. Bluwstein, Kristina & Buckmann, Marcus & Joseph, Andreas & Kapadia, Sujit & Şimşek, Özgür, 2023. "Credit growth, the yield curve and financial crisis prediction: Evidence from a machine learning approach," Journal of International Economics, Elsevier, vol. 145(C).
    355. Panagiotis Konstantinou & Anastasios Rizos & Artemis Stratopoulou, 2023. "The dynamic effect of macroprudential policies on income inequality: some evidence," Economics and Business Letters, Oviedo University Press, vol. 12(3), pages 248-265.
    356. Bezemer, Dirk & Zhang, Lu, 2019. "Credit composition and the severity of post-crisis recessions," Journal of Financial Stability, Elsevier, vol. 42(C), pages 52-66.
    357. Edmond Berisha & David Gabauer & Rangan Gupta & Chi Keung Marco Lau, 2021. "Time-varying influence of household debt on inequality in United Kingdom," Empirical Economics, Springer, vol. 61(4), pages 1917-1933, October.
    358. Paymon Khorrami & Fernando Mendo, 2021. "Rational Sentiments and Financial Frictions," Working Papers Central Bank of Chile 928, Central Bank of Chile.
    359. Dur, Ayşe & Martínez García, Enrique, 2020. "Mind the gap!—A monetarist view of the open-economy Phillips curve," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
    360. Shu-hen Chiang & Chien-Fu Chen, 2025. "Exploring Macroeconomic Determinants of Housing Bubbles: New Evidence from Dynamic Panel Probit Models," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 53(1), pages 3-17, June.
    361. Jan Ditzen & Francesco Ravazzolo, 2022. "Dominant Drivers of National Inflation," Working Papers No 08/2022, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    362. Deng, Chuang & Wu, Jian, 2023. "Macroeconomic downside risk and the effect of monetary policy," Finance Research Letters, Elsevier, vol. 54(C).
    363. Balcilar, Mehmet & Usman, Ojonugwa & Duman, Gazi Murat, 2024. "Nonlinear network connectedness: Assessing financial risk transmission in MENA and influence of external financial conditions," Emerging Markets Review, Elsevier, vol. 62(C).
    364. Bems, Rudolfs & Caselli, Francesca & Grigoli, Francesco & Gruss, Bertrand, 2020. "Gains from anchoring inflation expectations: Evidence from the taper tantrum shock," Economics Letters, Elsevier, vol. 188(C).
    365. Gu, Yanwei & Guo, Jing & Liang, Xiao & Zhao, Yajun, 2022. "Does the debt-growth link differ across private and public debt? Evidence from China," Economic Modelling, Elsevier, vol. 114(C).
    366. Bauer, Gregory H., 2017. "International house price cycles, monetary policy and credit," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 88-114.
    367. Ferrero, Giuseppe & Gross, Marco & Neri, Stefano, 2017. "On secular stagnation and low interest rates: demography matters," Working Paper Series 2088, European Central Bank.
    368. Badar Nadeem Ashraf & Sidra Arshad & Liang Yan, 2017. "Trade Openness and Bank Risk-Taking Behavior: Evidence from Emerging Economies," JRFM, MDPI, vol. 10(3), pages 1-18, July.
    369. Sander Hoog, 2018. "The Limits to Credit Growth: Mitigation Policies and Macroprudential Regulations to Foster Macrofinancial Stability and Sustainable Debt," Computational Economics, Springer;Society for Computational Economics, vol. 52(3), pages 873-920, October.
    370. Laura G√≥mez-Acevedo & Marc Hofstetter, 2020. "Disinflations and income distribution," Documentos CEDE 18481, Universidad de los Andes, Facultad de Economía, CEDE.
    371. Taylor, Alan M. & Jordà , Òscar, 2019. "Riders on the Storm," CEPR Discussion Papers 13978, C.E.P.R. Discussion Papers.
    372. Helene Olsen & Harald Wieslander, 2020. "The Impact of Monetary Policy on Leading Variables for Financial Stability in Norway," Working Papers No 02/2020, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    373. Huang, Chao-Hsi & Hsieh, Yi-Shan, 2021. "Leverage dynamics over the business cycle: Evidence from Taiwan listed and unlisted firms," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 373-391.
    374. de Ridder, M. & Pfajfar, D., 2017. "Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks," Cambridge Working Papers in Economics 1717, Faculty of Economics, University of Cambridge.
    375. Presbitero, Andrea & Eberhardt, Markus, 2021. "Commodity Prices and Banking Crises," CEPR Discussion Papers 15959, C.E.P.R. Discussion Papers.
    376. Claudio Borio & Enisse Kharroubi & Christian Upper & Fabrizio Zampolli, 2016. "Labour reallocation and productivity dynamics: financial causes, real consequences," BIS Working Papers 534, Bank for International Settlements.
    377. Teimouri, Sheida & Zietz, Joachim, 2017. "Economic costs of alternative monetary policy responses to speculative currency attacks," Journal of International Money and Finance, Elsevier, vol. 73(PB), pages 419-434.
    378. Zia Abbas & Syed Faizan Iftikhar & Shaista Alam, 2019. "Does bank capital affect the monetary policy transmission mechanism? A case study of Emerging Market Economies (EMEs)," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 6(02), pages 1-20, June.
    379. Breitenlechner, Max & Gächter, Martin & Sindermann, Friedrich, 2015. "The finance–growth nexus in crisis," Economics Letters, Elsevier, vol. 132(C), pages 31-33.
    380. Terhi Jokipii & Reto Nyffeler & Stéphane Riederer, 2021. "Exploring BIS credit-to-GDP gap critiques: the Swiss case," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 157(1), pages 1-19, December.
    381. Borsi, Mihály Tamás, 2018. "Credit contractions and unemployment," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 573-593.
    382. Klein, Mathias & Polattimur, Hamza & Winkler, Roland, 2022. "Fiscal spending multipliers over the household leverage cycle," European Economic Review, Elsevier, vol. 141(C).
    383. Wix, Carlo, 2017. "The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity," SAFE Working Paper Series 189, Leibniz Institute for Financial Research SAFE.
    384. Sara Ferreira Filipe, 2018. "Housing prices and mortgage credit in Luxembourg," BCL working papers 117, Central Bank of Luxembourg.
    385. Juan Carlos Cuestas & Karsten Staehr, 2015. "The Great Leveraging in the GIIPS Countries: Domestic Credit and Net Foreign Liabilities," Working Papers 2015012, The University of Sheffield, Department of Economics.
    386. David Aikman & Jonathan Bridges & Stephen Burgess & Richard Galletly & Iren Levina & Cian O'Neill & Alexandra Varadi, 2018. "Measuring risks to UK financial stability," Bank of England working papers 738, Bank of England.
    387. Santis, Roberto A. De, 2018. "Unobservable systematic risk, economic activity and stock market," Journal of Banking & Finance, Elsevier, vol. 97(C), pages 51-69.
    388. Uwe Vollmer, 2022. "Monetary policy or macroprudential policies: What can tame the cycles?," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1510-1538, December.
    389. Duc Thi Luu, 2022. "Portfolio Correlations in the Bank-Firm Credit Market of Japan," Computational Economics, Springer;Society for Computational Economics, vol. 60(2), pages 529-569, August.
    390. Michael D. Bordo & Oliver Bush & Bank of England, 2025. ""Muddling Through or Tunnelling Through?" UK Monetary and Fiscal Exceptionalism and The Great Inflation," Working Papers 347, Princeton University, Department of Economics, Center for Economic Policy Studies..
    391. Alessio Ciarlone, 2023. "Remittances in times of crisis: evidence from Italian corridors," Temi di discussione (Economic working papers) 1402, Bank of Italy, Economic Research and International Relations Area.
    392. Ambrocio, Gene, 2020. "Inflationary household uncertainty shocks," Bank of Finland Research Discussion Papers 5/2020, Bank of Finland.
    393. Nan-Kuang Chen & Han-Liang Cheng, 2017. "House price to income ratio and fundamentals: Evidence on long-horizon forecastability," Pacific Economic Review, Wiley Blackwell, vol. 22(3), pages 293-311, August.
    394. Dieppe,Alistair Matthew & Kilic Celik,Sinem & Okou,Cedric Iltis Finafa, 2020. "Implications of Major Adverse Events on Productivity," Policy Research Working Paper Series 9411, The World Bank.
    395. Rochet, Jean Charles & Gersbach, Hans & Scheffel, Martin, 2015. "Financial Intermediation, Capital Accumulation, and Recovery," CEPR Discussion Papers 10964, C.E.P.R. Discussion Papers.
    396. Vítor Martins & Alessandro Turrini & Bořek Vašíček & Madalina Zamfir, 2021. "Euro Area Housing Markets: Trends, Challenges and Policy Responses," European Economy - Discussion Papers 147, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    397. Eichengreen, Barry & Park, Donghyun & Shin, Kwanho, 2024. "Economic resilience: Why some countries recover more robustly than others from shocks," Economic Modelling, Elsevier, vol. 136(C).
    398. Salamaliki, Paraskevi K., 2024. "Globalization and fiscal policy after financial crises," European Journal of Political Economy, Elsevier, vol. 85(C).
    399. Ademmer, Martin & Boysen-Hogrefe, Jens & Carstensen, Kai & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Rossian, Thies & Stolzenburg, Ulrich, 2019. "Schätzung von Produktionspotenzial und -lücke: Eine Analyse des EU-Verfahrens und mögliche Verbesserungen," Kieler Beiträge zur Wirtschaftspolitik 19, Kiel Institute for the World Economy.
    400. Schüler, Yves S. & Peltonen, Tuomas A. & Hiebert, Paul, 2017. "Coherent financial cycles for G-7 countries: Why extending credit can be an asset," ESRB Working Paper Series 43, European Systemic Risk Board.
    401. David Aikman & Andreas Lehnert & J. Nellie Liang & Michele Modugno, 2016. "Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy," Finance and Economics Discussion Series 2016-055, Board of Governors of the Federal Reserve System (U.S.).
    402. Paolo Guarda & Alban Moura, 2019. "Measuring real and financial cycles in Luxembourg: An unobserved components approach," BCL working papers 126, Central Bank of Luxembourg.
    403. Grégory Levieuge, 2018. "La politique monétaire doit-elle être utilisée à des fins de stabilité financière ?," Revue française d'économie, Presses de Sciences-Po, vol. 0(3), pages 63-104.
    404. Giannoulakis, Stelios & Forletta, Marco & Gross, Marco & Tereanu, Eugen, 2023. "The effectiveness of borrower-based macroprudential policies: a cross-country analysis using an integrated micro-macro simulation model," Working Paper Series 2795, European Central Bank.
    405. Mathias Drehmann & Mikael Juselius & Anton Korinek, 2018. "Going With the Flows: New Borrowing, Debt Service and the Transmission of Credit Booms," NBER Working Papers 24549, National Bureau of Economic Research, Inc.
    406. Chen, William & Phelan, Gregory, 2025. "Digital currency and banking-sector stability," Journal of Financial Stability, Elsevier, vol. 78(C).
    407. Morana, Claudio, 2024. "A new macro-financial condition index for the euro area," Econometrics and Statistics, Elsevier, vol. 29(C), pages 64-87.
    408. Engelbert Stockhammer & Stefano Sgambati & Anastasia Nesvetailova, 2021. "Financialisation: continuity and change— introduction to the special issue," Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 389-401, December.
    409. Nikola Dacic & Marko Melolinna, 2022. "The empirics of granular origins: some challenges and solutions with an application to the UK," Journal of Productivity Analysis, Springer, vol. 58(2), pages 151-170, December.
    410. Kuhn, Moritz & Bartscher, Alina & Schularick, Moritz & Steins, Ulrike, 2020. "Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016," CEPR Discussion Papers 14667, C.E.P.R. Discussion Papers.
    411. Beckmann, Joscha & Bettendorf, Timo, 2025. "On the effects of global uncertainty shocks on portfolio flows," Discussion Papers 23/2025, Deutsche Bundesbank.
    412. Francesca Caselli & Agustin Roitman, 2016. "Non-Linear Exchange Rate Pass-Through in Emerging Markets," IMF Working Papers 2016/001, International Monetary Fund.
    413. Laidroo, Laivi & Männasoo, Kadri, 2017. "Do credit commitments compromise credit quality?," Research in International Business and Finance, Elsevier, vol. 41(C), pages 303-317.
    414. Sofya Donets & Alexey Ponomarenko, 2015. "Measuring Debt Burden," Bank of Russia Working Paper Series wps5, Bank of Russia.
    415. Moritz Schularick & Alan Taylor & Oscar Jorda, 2016. "The Great Mortgaging," 2016 Meeting Papers 185, Society for Economic Dynamics.
    416. D'Orazio, Paola, 2019. "Income inequality, consumer debt, and prudential regulation: An agent-based approach to study the emergence of crises and financial instability," Economic Modelling, Elsevier, vol. 82(C), pages 308-331.
    417. Thiago Christiano Silva & Carlos Eduardo de Almeida & Solange Maria Guerra & Benjamin Miranda Tabak, 2024. "COVID-19 and Credit Reallocation: evidence from bank branch lending in Brazil," Working Papers Series 601, Central Bank of Brazil, Research Department.
    418. Mohammed Mizanur Rahman & Munni Begum & Badar Nadeem Ashraf & Md. Abdul Kaium Masud, 2020. "Does Trade Openness Affect Bank Risk-Taking Behavior? Evidence from BRICS Countries," Economies, MDPI, vol. 8(3), pages 1-30, September.
    419. Karpestam, Peter & Johansson, Sebastian, 2019. "Interest-only-mortgages and housing market fluctuations in Denmark," Journal of Housing Economics, Elsevier, vol. 46(C).
    420. Gaudêncio, João & Mazany, Agnieszka & Schwarz, Claudia, 2019. "The impact of lending standards on default rates of residential real estate loans," Occasional Paper Series 220, European Central Bank.
    421. Juan Carlos Cuestas & Yannick Lucotte & Nicolas Reigl, 2022. "The evolution and heterogeneity of credit procyclicality in Central and Eastern Europe," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 911-942, January.
    422. Gross, Marco, 2022. "Beautiful cycles: A theory and a model implying a curious role for interest," Economic Modelling, Elsevier, vol. 106(C).
    423. Francesco Manaresi & Nicola Pierri, 2018. "Credit supply and productivity growth," BIS Working Papers 711, Bank for International Settlements.
    424. Fiedler, Salomon & Gern, Klaus-Jürgen & Jannsen, Nils & Wolters, Maik H., 2019. "Growth prospects, the natural interest rate, and monetary policy," Economics Discussion Papers 2019-17, Kiel Institute for the World Economy.
    425. Ye Li, 2018. "Fragile New Economy: The Rise of Intangible Capital and Financial Instability," 2018 Meeting Papers 1189, Society for Economic Dynamics.
    426. Kim, Young Il & Hwang, Min, 2016. "Household Debt and Consumer Spending in Korea: Evidence from Household Data," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 38(4), pages 23-44.
    427. Bianco, Timothy & Herrera, Ana María, 2025. "Monetary policy and credit flows: A tale of two effective lower bounds," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    428. Kong, Xiangwen & Sun, Yuxuan & Qiu, Huanguang, 2023. "Climatic disasters and Conflicts in GMO Approval," 2023 Annual Meeting, July 23-25, Washington D.C. 335544, Agricultural and Applied Economics Association.
    429. Bernardini, Marco & Forni, Lorenzo, 2020. "Private and public debt interlinkages in bad times," Journal of International Money and Finance, Elsevier, vol. 109(C).
    430. Yan Carrière-Swallow & José Marzluf, 2023. "Macrofinancial Causes of Optimism in Growth Forecasts," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(2), pages 509-537, June.
    431. Philip Bunn & May Rostom, 2015. "Household debt and spending in the United Kingdom," Bank of England working papers 554, Bank of England.
    432. Simona Malovaná & Josef Bajzík & Dominika Ehrenbergerová & Jan Janků, 2023. "A prolonged period of low interest rates in Europe: Unintended consequences," Journal of Economic Surveys, Wiley Blackwell, vol. 37(2), pages 526-572, April.
    433. Aizenman, Joshua & Jinjarak, Yothin & Nguyen, Hien Thi Kim & Park, Donghyun, 2019. "Fiscal space and government-spending and tax-rate cyclicality patterns: A cross-country comparison, 1960–2016," Journal of Macroeconomics, Elsevier, vol. 60(C), pages 229-252.
    434. Sturn, Simon & Epstein, Gerald, 2021. "How much should we trust five-year averaging to purge business cycle effects? A reassessment of the finance-growth and capital accumulation-unemployment nexus," Economic Modelling, Elsevier, vol. 96(C), pages 242-256.
    435. Zoë Venter, 2020. "The Interaction Between Conventional Monetary Policy and Financial Stability: Chile, Colombia, Japan, Portugal and the UK," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 62(3), pages 521-554, September.
    436. Richard Button & Samual Knott & Conor Macmanus & Matthew Willison, 2015. "Desperate adventurers and men of straw: the failure of City of Glasgow Bank and its enduring impact on the UK banking system," Bank of England Quarterly Bulletin, Bank of England, vol. 55(1), pages 23-35.
    437. Stockhammer, Engelbert & Bengtsson, Erik, 2019. "Financial effects in historic consumption and investment functions," Lund Papers in Economic History 188, Lund University, Department of Economic History.
    438. policy, Work stream on macroprudential & Albertazzi, Ugo & Martin, Alberto & Assouan, Emmanuelle & Tristani, Oreste & Galati, Gabriele & Vlassopoulos, Thomas, 2021. "The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area," Occasional Paper Series 272, European Central Bank.
    439. Nicu Sprincean, 2019. "Early Warning Indicators For Macrofinancial Activity In Romania," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 23, pages 137-162, June.
    440. Barry Eichengreen & Poonam Gupta, 2017. "Cuando los flujos de capital se detienen," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 20(2), pages 004-041, August.
    441. Stefan Angrick & Naoko Nemoto, 2018. "Breaking Par: Short-Term Determinants of Yen-Dollar Swap Deviations," ADBI Working Papers 859, Asian Development Bank Institute.
    442. Moramarco, Graziano, 2024. "Financial-cycle ratios and medium-term predictions of GDP: Evidence from the United States," International Journal of Forecasting, Elsevier, vol. 40(2), pages 777-795.
    443. Gallegati, Marco & Delli Gatti, Domenico, 2018. "Macrofinancial imbalances in historical perspective: A global crisis index," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 190-205.
    444. Claudio Borio, 2017. "Secular stagnation or financial cycle drag?," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 52(2), pages 87-98, April.
    445. Aymeric Ortmans & Fabien Tripier, 2020. "COVID-Induced Sovereign Risk in the Euro Area: When Did the ECB Stop the Contagion?," Working Papers 2020-11, CEPII research center.
    446. Andreas Fagereng & Magnus A. H. Gulbrandsen & Martin Holm & Gisle Natvik, 2023. "How Does Monetary Policy Affect Household Indebtedness?," Working Papers 05/2023, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    447. Jonathan Bridges & Christopher Jackson & Daisy McGregor, 2017. "Down in the slumps: the role of credit in five decades of recessions," Bank of England working papers 659, Bank of England.
    448. Yasin Mimir, 2023. "Leaning against persistent financial cycles with occasional crises," Working Papers 56, European Stability Mechanism.
    449. Paul Rudel, 2024. "Loan Supply Shocks, Prudential Regulation, and the Business Cycle," MAGKS Papers on Economics 202409, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    450. Rossi, Stefano & Gulen, Huseyin & Ion, Mihai, 2019. "Credit Cycles, Expectations, and Corporate Investment," CEPR Discussion Papers 13679, C.E.P.R. Discussion Papers.
    451. Brückbauer, Frank & Cezanne, Thibault, 2022. "Bank manager sentiment, loan growth and bank risk," ZEW Discussion Papers 22-066, ZEW - Leibniz Centre for European Economic Research.
    452. Shunsuke Haba & Yuichiro Ito & Shogo Nakano & Takahiro Yamanaka, 2024. "Assessing the Long-Term Impact of Monetary Policy," Bank of Japan Working Paper Series 24-E-19, Bank of Japan.
    453. Stefan Behrendt, 2017. "Low Long-Term Interest Rates - An alternative View," Jena Economics Research Papers 2017-001, Friedrich-Schiller-University Jena.
    454. Abd Samad, Khairunnisa & Mohd Daud, Siti Nurazira & Mohd Dali, Nuradli Ridzwan Shah, 2020. "Early Warning Indicators for Systemic Banking Crises: Household Debt and Property Prices," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 54(1), pages 121-134.
    455. Guido Bulligan & Lorenzo Burlon & Davide Delle Monache & Andrea Silvestrini, 2019. "Real and financial cycles: estimates using unobserved component models for the Italian economy," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 28(3), pages 541-569, September.
    456. Ashraf, Badar Nadeem, 2018. "Do trade and financial openness matter for financial development? Bank-level evidence from emerging market economies," Research in International Business and Finance, Elsevier, vol. 44(C), pages 434-458.
    457. Juan Carlos Cuestas & Luis A. Gil-Alana & Maria Malmierca, 2021. "Credit-to-GDP ratios. Non-linear trends and persistence: Evidence from 44 OECD economies," Working Papers 2021/05, Economics Department, Universitat Jaume I, Castellón (Spain).
    458. Stijn Ferrari & Mara Pirovano, 2016. "Does one size fit all at all times? The role of country specificities and state dependencies in predicting banking crises," Working Paper Research 297, National Bank of Belgium.
    459. Gustavo S. Cortes & Thiago Christiano Silva & Bernardus F. N. Van Doornik, 2019. "Credit Shock Propagation in Firm Networks: evidence from government bank credit expansions," Working Papers Series 507, Central Bank of Brazil, Research Department.
    460. Kristina Bluwstein & Julieta Yung, 2019. "Back to the real economy: the effects of risk perception shocks on the term premium and bank lending," Bank of England working papers 806, Bank of England.
    461. Atsebi, Jean-Marc & Ligonnière, Samuel & Mathonnat, Clément, 2025. "Not all banking crises are alike: Assessing their distributional impacts relative to pre-crisis credit gaps," Journal of International Money and Finance, Elsevier, vol. 150(C).
    462. Francesco Lamperti & Valentina Bosetti & Andrea Roventini & Massimo Tavoni, 2019. "The public costs of climate-induced financial instability," LEM Papers Series 2019/42, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    463. Tyler Muir, 2017. "Financial Crises and Risk Premia," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(2), pages 765-809.
    464. Maria Dolores Gadea Rivas & Gabriel Perez-Quiros, 2015. "The Failure To Predict The Great Recession—A View Through The Role Of Credit," Journal of the European Economic Association, European Economic Association, vol. 13(3), pages 534-559, June.
    465. Ampudia, Miguel & Lo Duca, Marco & Farkas, Mátyás & Perez-Quiros, Gabriel & Pirovano, Mara & Rünstler, Gerhard & Tereanu, Eugen, 2021. "Avoiding a financial epidemic – The role of macroprudential policies," Research Bulletin, European Central Bank, vol. 87.
    466. Loipersberger, Florian & Matschke, Johannes, 2022. "Financial cycles and domestic policy choices," European Economic Review, Elsevier, vol. 143(C).
    467. Geršl, Adam & Jašová, Martina, 2018. "Credit-based early warning indicators of banking crises in emerging markets," Economic Systems, Elsevier, vol. 42(1), pages 18-31.
    468. Martin Hodula & Lukas Pfeifer, 2018. "The Impact of Credit Booms and Economic Policy on Labour Productivity: A Sectoral Analysis," ACTA VSFS, University of Finance and Administration, vol. 12(1), pages 10-42.
    469. Ristolainen, Kim & Roukka, Tomi & Nyberg, Henri, 2024. "A thousand words tell more than just numbers: Financial crises and historical headlines," Journal of Financial Stability, Elsevier, vol. 70(C).
    470. Banerjee, Ryan N. & Gambacorta, Leonardo & Sette, Enrico, 2021. "The real effects of relationship lending✰," Journal of Financial Intermediation, Elsevier, vol. 48(C).
    471. Jensen, Henrik & Ravn, Søren Hove & Santoro, Emiliano, 2018. "Changing credit limits, changing business cycles," European Economic Review, Elsevier, vol. 102(C), pages 211-239.
    472. Kim, Dohan & Sohn, Wook, 2024. "Loan growth and quality over the credit cycle," International Review of Economics & Finance, Elsevier, vol. 95(C).
    473. Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Stolzenburg, Ulrich, 2015. "Konjunktur im Euroraum im Herbst 2015 - Moderate Erholung im Euroraum [Euro Area Economy Autumn 2015 - Euro Area: Moderate Recovery proceeds]," Kieler Konjunkturberichte 10, Kiel Institute for the World Economy.
    474. Dalia Mansour-Ibrahim, 2023. "Are the Eurozone Financial and Business Cycles Convergent Across Time and Frequency?," Computational Economics, Springer;Society for Computational Economics, vol. 61(1), pages 389-427, January.
    475. Manuel Buchholz, 2015. "How effective is macroprudential policy during financial downturns? Evidence from caps on banks̕ leverage," Bank of Estonia Working Papers wp2015-7, Bank of Estonia, revised 30 Dec 2015.
    476. Avdjiev, Stefan & Binder, Stephan & Sousa, Ricardo, 2021. "External debt composition and domestic credit cycles," Journal of International Money and Finance, Elsevier, vol. 115(C).
    477. Francesco Manaresi & Mr. Nicola Pierri, 2019. "Credit Supply and Productivity Growth," IMF Working Papers 2019/107, International Monetary Fund.
    478. Moritz Schularick, 2021. "Corporate indebtedness and macroeconomic stabilisation from a long-term perspective," ECONtribute Policy Brief Series 024, University of Bonn and University of Cologne, Germany.
    479. Friedrich Lucke, 2022. "The Great Moderation and the Financial Cycle," Working Papers REM 2022/0238, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    480. Robert Stewart & Murshed Chowdhury, 2025. "How does institutional quality respond to banking crises occurrences?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-40, December.
    481. J. Scott Davis & Adrienne Mack & Wesley Phoa & Anne Vandenabeele, 2014. "Credit booms, banking crises, and the current account," Globalization Institute Working Papers 178, Federal Reserve Bank of Dallas.
    482. Carlos Canizares Martinez, 2023. "Leaning against housing booms fueled by credit," Working and Discussion Papers WP 9/2023, Research Department, National Bank of Slovakia.
    483. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Gern, Klaus-Jürgen & Groll, Dominik & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Meuchelböck, Saskia & Stolzenburg, Ulrich, 2021. "Mittelfristprojektion für Deutschland im Frühjahr 2021 - Pandemiebedingte Potenzialschäden eher gering," Kieler Konjunkturberichte 78, Kiel Institute for the World Economy.
    484. Ademmer, Martin & Jannsen, Nils, 2018. "Post-crisis business investment in the euro area and the role of monetary policy," Open Access Publications from Kiel Institute for the World Economy 180839, Kiel Institute for the World Economy.
    485. Warapong Wongwachara & Bovonvich Jindarak & Nuwat Nookhwun & Sophon Tunyavetchakit & Chutipha Klungjaturavet, 2018. "Integrating Monetary Policy and Financial Stability: A New Framework," PIER Discussion Papers 100, Puey Ungphakorn Institute for Economic Research.
    486. Boysen-Hogrefe, Jens & Groll, Dominik & Hoffmann, Timo & Jannsen, Nils & Kooths, Stefan & Sonnenberg, Nils & Stamer, Vincent, 2022. "Deutsche Wirtschaft im Winter 2022 - Im Kriechgang durch die Energiekrise [German Economy Winter 2022 - Inching through the energy crisis]," Kieler Konjunkturberichte 98, Kiel Institute for the World Economy.
    487. Andersen, Henrik Yde, 2018. "Do tax incentives for saving in pension accounts cause debt accumulation? Evidence from Danish register data," European Economic Review, Elsevier, vol. 106(C), pages 35-53.
    488. Pascal Paul, 2019. "The Time-Varying Effect of Monetary Policy on Asset Prices," Working Paper Series 2017-09, Federal Reserve Bank of San Francisco.

  31. Oscar Jorda & John Fernald & Fernanda Nechio & Mary Daly, 2013. "Okun’s Macroscope: Changes in the Cyclical Behavior of Productivity and the Comovement between Output and Unemployment," 2013 Meeting Papers 1155, Society for Economic Dynamics.

    Cited by:

    1. Ziegenbein, Alexander, 2021. "Macroeconomic shocks and Okun’s Law," Economics Letters, Elsevier, vol. 202(C).

  32. Taylor, Alan M. & Jordà , Òscar, 2013. "The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy," CEPR Discussion Papers 9646, C.E.P.R. Discussion Papers.

    Cited by:

    1. Mr. Bernardin Akitoby & Mr. Jiro Honda & Hiroaki Miyamoto, 2019. "Countercyclical Fiscal Policy and Gender Employment: Evidence from the G-7 Countries," IMF Working Papers 2019/004, International Monetary Fund.
    2. Mokas, Dimitris & Giuliodori, Massimo, 2023. "Effects of LTV announcements in EU economies," Journal of International Money and Finance, Elsevier, vol. 133(C).
    3. Fernando Broner & Daragh Clancy & Alberto Martin & Aitor Erce, 2017. "Fiscal multipliers and foreign holdings of public debt," Economics Working Papers 1610, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2021.
    4. Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2023. "The effects of fiscal institutions on fiscal adjustment," Journal of International Money and Finance, Elsevier, vol. 134(C).
    5. Michael D. Bauer & Carolin Pflueger & Adi Sunderam, 2023. "Perceptions about Monetary Policy," Working Paper Series 2023-31, Federal Reserve Bank of San Francisco.
    6. Martins, Guilherme Klein & Carvalho, Laura, 2025. "Fiscal Austerity and the Decline of Liberal Democracy," SocArXiv 2vf5a_v1, Center for Open Science.
    7. Hack, Lukas & Istrefi, Klodiana & Meier, Matthias, 2023. "Identification of systematic monetary policy," Working Paper Series 2851, European Central Bank.
    8. Giuseppe Bertola & John Driffill & Harold James & Hans-Werner Sinn & Jan-Egbert Sturm & Ákos Valentinyi, 2014. "Chapter 3: Austerity: Hurting but Helping," EEAG Report on the European Economy, CESifo, vol. 0, pages 75-90, February.
    9. João Tovar Jalles & André Teixeira, 2025. "Austerity And Banking: The Impact Of Fiscal Consolidation On Bank Efficiency And Stability," Working Papers REM 2025/0370, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    10. Hebous, Shafik & Zimmermann, Tom, 2014. "Revisiting the Narrative Approach of Estimating Fiscal Multipliers," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100408, Verein für Socialpolitik / German Economic Association.
    11. Silvia Marchesi & Tania Masi & Pietro Bomprezzi, 2024. "Is to Forgive to Forget? Sovereign Risk in the Aftermath of Private or Official Debt Restructurings," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 292-334, March.
    12. Alberto Alesina & Gualtiero Azzalini & Carlo Favero & Francesco Giavazzi & Armando Miano, 2016. "Is it the "How" or the "When" that Matters in Fiscal Adjustments?," NBER Working Papers 22863, National Bureau of Economic Research, Inc.
    13. Karamysheva, Madina, 2022. "How do fiscal adjustments work? An empirical investigation," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
    14. Fernández Romero, Daniel, 2025. "The fiscal multiplier in presence of unconventional monetary policy: Evidence for 17 OECD countries," Economic Modelling, Elsevier, vol. 147(C).
    15. Arindrajit Dube & Daniele Girardi & Òscar Jordà & Alan M. Taylor, 2023. "A Local Projections Approach to Difference-in-Differences Event Studies," Working Paper Series 2023-12, Federal Reserve Bank of San Francisco.
    16. Bernd Hayo & Sascha Mierzwa, 2021. "State-Dependent Effects of Tax Changes in Germany and the United Kingdom," MAGKS Papers on Economics 202125, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    17. Hang Miao & Kui Zhao & Zhun Wang & Linbo Jiang & Quanhui Jia & Yanming Fang & Quan Yu, 2020. "Intelligent Credit Limit Management in Consumer Loans Based on Causal Inference," Papers 2007.05188, arXiv.org.
    18. Sosvilla-Rivero, Simón & Rubio-Guerrero, Juan J., 2022. "The economic effects of fiscal policy: Further evidence for Spain," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 305-313.
    19. Gong Cheng & Javier Diaz-Cassou & Aitor Erce, 2016. "The Macroeconomic Effects of Official Debt Restructuring: Evidence from the Paris Club," Working Papers 21, European Stability Mechanism, revised 24 Apr 2017.
    20. Alessio Terzi, 2019. "The Euro Crisis and Economic Growth: A Novel Counterfactual Approach," CESifo Working Paper Series 7746, CESifo.
    21. Alessandro Barattieri & Matteo Cacciatore, 2020. "Self-Harming Trade Policy? Protectionism and Production Networks," NBER Working Papers 27630, National Bureau of Economic Research, Inc.
    22. Romain Bouis & Mr. Romain A Duval & Johannes Eugster, 2016. "Product Market Deregulation and Growth: New Country-Industry-Level Evidence," IMF Working Papers 2016/114, International Monetary Fund.
    23. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," NBER Working Papers 20501, National Bureau of Economic Research, Inc.
    24. Alberto Alesina & Omar Barbiero & Carlo Favero & Francesco Giavazzi & Matteo Paradisi, 2017. "The Effects of Fiscal Consolidations: Theory and Evidence," NBER Working Papers 23385, National Bureau of Economic Research, Inc.
    25. Philipp Heimberger & Jakob Kapeller, 2016. "The performativity of potential output: Pro-cyclicality and path dependency in coordinating European fiscal policies," Working Papers Series 50, Institute for New Economic Thinking.
    26. Seth H. Giertz & Anil Kumar, 2024. "The local fiscal multiplier of intergovernmental grants: evidence from federal medicaid assistance to states," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(5), pages 1204-1228, October.
    27. U. Devrim Demirel, 2020. "Labor Market Effects of Tax Changes in Times of High and Low Unemployment: Working Paper 2020-05," Working Papers 56522, Congressional Budget Office.
    28. Ioannis Bournakis & Nelson R. Ramírez-Rondán, 2023. "Does uncertainty matter for the fiscal consolidation and investment nexus?," Working Papers 195, Peruvian Economic Association.
    29. Panagiotis Th. Konstantinou & Andromachi Partheniou & Athanasios Tagkalakis, 2022. "A functional classification analysis of government spending multipliers," Working Papers 298, Bank of Greece.
    30. García, Carlos J. & González, Wildo D. & Rivera, Tiare, 2024. "Robots at work in emerging developing countries: How bad could it be?," Labour Economics, Elsevier, vol. 87(C).
    31. António Afonso & João Tovar Jalles, 2017. "Fiscal Episodes and Market Power," Open Economies Review, Springer, vol. 28(2), pages 233-250, April.
    32. Mr. Salvatore Dell'Erba & Mr. Marcos Poplawski Ribeiro & Ksenia Koloskova, 2014. "Medium-Term Fiscal Multipliers during Protracted Recessions," IMF Working Papers 2014/213, International Monetary Fund.
    33. Mr. Tamon Asonuma & Mr. Marcos Chamon & Aitor Erce & Akira Sasahara, 2019. "Costs of Sovereign Defaults: Restructuring Strategies, Bank Distress and the Capital Inflow-Credit Channel," IMF Working Papers 2019/069, International Monetary Fund.
    34. Cacciatore, Matteo & Duval, Romain & Furceri, Davide & Zdzienicka, Aleksandra, 2021. "Fiscal multipliers and job-protection regulation," European Economic Review, Elsevier, vol. 132(C).
    35. Ignat Ignatov, 2021. "Unravelling the EU Debt Knot Over 2000-2019: An Injection-Leakage Approach," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 49-71.
    36. Kodjovi EKLOU & Stefania FABRIZIO & Roland Kangni KPODAR, 2019. "Export competitiveness - Fuel Price nexus in Developing Countries: Real or False Concern?," Working Papers P249, FERDI.
    37. Janusz Sawicki, 2014. "Dynamika zmian w bilansie płatniczym krajów Unii Gospodarczej i Walutowej - wnioski dla Polski," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 97-119.
    38. Philipp Heimberger, 2020. "The dynamic effects of fiscal consolidation episodes on income inequality: evidence for 17 OECD countries over 1978–2013," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(1), pages 53-81, February.
    39. Tafuro, Andrea, 2023. "Labour market rigidity and expansionary austerity," Journal of Macroeconomics, Elsevier, vol. 75(C).
    40. John Aguirre & Alan Ledesma & Fernando Perez & Youel Rojas, 2025. "Economic activity, inflation, and monetary policy after extreme weather events: ENSO and its economic impact on the Peruvian economy," BIS Working Papers 1276, Bank for International Settlements.
    41. Atanas Pekanov, 2018. "The New View on Fiscal Policy and its Implications for the European Monetary Union," WIFO Working Papers 562, WIFO.
    42. Sanjeev Gupta & João Tovar Jalles, 2020. "Tax Revenue Reforms and Income Distribution in Developing Countries," Working Papers REM 2020/0137, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    43. Gonçalves, Sílvia & Herrera, Ana María & Kilian, Lutz & Pesavento, Elena, 2024. "State-dependent local projections," Journal of Econometrics, Elsevier, vol. 244(2).
    44. Lenoël, Cyrille & Macchiarelli, Corrado & Young, Garry, 2022. "Greece 2010-18 what could we have done differently?," LSE Research Online Documents on Economics 115240, London School of Economics and Political Science, LSE Library.
    45. Nicholas Oulton, 2013. "Medium and long run prospects for UK growth in the aftermath of the financial crisis," Discussion Papers 1307, Centre for Macroeconomics (CFM).
    46. Mathias Klein, 2017. "Austerity and Private Debt," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1555-1585, October.
    47. Emilio Colombo & Davide Furceri & Pietro Pizzuto & Patrizio Tirelli, 2022. "Fiscal Multipliers and Informality," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2201, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    48. Antonio De Vito & Martin Jacob & Dirk Schindler & Guosong Xu, 2023. "How Do Corporate Tax Hikes Affect Investment Allocation within Multinationals?," CESifo Working Paper Series 10272, CESifo.
    49. David Bartolini & Agnese Sacchi & Simone Salotti & Raffaella Santolini, 2015. "Fiscal decentralisation in times of financial crises," Working Papers. Collection A: Public economics, governance and decentralization 1506, Universidade de Vigo, GEN - Governance and Economics research Network.
    50. Felipe Benguria & Alan M. Taylor, 2020. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," American Economic Review: Insights, American Economic Association, vol. 2(4), pages 509-526, December.
    51. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, C.E.P.R. Discussion Papers.
    52. Daniele Girardi & Riccardo Pariboni, 2015. "Autonomous demand and economic growth: some empirical evidence," Centro Sraffa Working Papers CSWP13, Centro di Ricerche e Documentazione 'Piero Sraffa'.
    53. Guilherme Spinato Morlin & Nikolas Passos & Riccardo Pariboni, 2021. "Growth theory and the growth model perspective: Insights from the supermultiplier," Department of Economics University of Siena 869, Department of Economics, University of Siena.
    54. Magud, Nicolas E. & Pienknagura, Samuel, 2024. "The return of expansionary austerity: Firms' investment response to fiscal adjustments in emerging markets," Journal of International Money and Finance, Elsevier, vol. 143(C).
    55. Iain McMenamin & Michael Breen & Juan Muñoz-Portillo, 2015. "Austerity and credibility in the Eurozone," European Union Politics, , vol. 16(1), pages 45-66, March.
    56. María del Carmen Ramos-Herrera & Simón Sosvilla-Rivero, 2017. "An empirical characterization of the effects of public debt on economic growth," Applied Economics, Taylor & Francis Journals, vol. 49(35), pages 3495-3508, July.
    57. Alberto Alesina & Carlo Favero & Francesco Giavazzi, 2019. "Effects of Austerity: Expenditure- and Tax-Based Approaches," Journal of Economic Perspectives, American Economic Association, vol. 33(2), pages 141-162, Spring.
    58. Funke, Manuel & Schularick, Moritz & Trebesch, Christoph, 2022. "Populist Leaders and the Economy," CEPR Discussion Papers 15405, C.E.P.R. Discussion Papers.
    59. Feng-Li Lin & Wen-Yi Chen, 2020. "Did the Consumption Voucher Scheme Stimulate the Economy? Evidence from Smooth Time-Varying Cointegration Analysis," Sustainability, MDPI, vol. 12(12), pages 1-16, June.
    60. Georgantas, Georgios & Kasselaki, Maria & Tagkalakis, Athanasios, 2023. "Τhe effects of fiscal consolidation in OECD countries," Economic Modelling, Elsevier, vol. 118(C).
    61. Zohair Alam & Mr. Adrian Alter & Jesse Eiseman & Mr. Gaston Gelos & Mr. Heedon Kang & Mr. Machiko Narita & Erlend Nier & Naixi Wang, 2019. "Digging Deeper--Evidence on the Effects of Macroprudential Policies from a New Database," IMF Working Papers 2019/066, International Monetary Fund.
    62. Diniz, André, 2016. "Effects of fiscal consolidations in Latin America," Textos para discussão 423, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    63. García, Carlos J. & González, Wildo & Valenzuela, Gabriel, 2025. "The valuation of economic recovery: The case for investment-led fiscal spending policies in open economies," International Review of Economics & Finance, Elsevier, vol. 99(C).
    64. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Bernhard Schütz, 2018. "Structual change in times of increasing openness," FMM Working Paper 39-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    65. Yan Carrière‐Swallow & Antonio C. David & Daniel Leigh, 2021. "Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: New Narrative Evidence from Latin America and the Caribbean," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(6), pages 1313-1335, September.
    66. Amelie Barbier-Gauchard & Kea Baret & Alexandru Minea, 2020. "National Fiscal Rules and Fiscal Discipline in the European Union," Working Papers hal-02992219, HAL.
    67. Mehdi El Herradi & Aurélien Leroy, 2021. "Monetary Policy and the Top 1%: Evidence from a Century of Modern Economic History," International Journal of Central Banking, International Journal of Central Banking, vol. 17(71), pages 1-41, December.
    68. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    69. Fisera,Boris & Martin Melecky & Dorothe Singer, 2024. "Financial Deepening and Carbon Emissions Intensity : Evidence from a Global Sample of Countries," Policy Research Working Paper Series 10948, The World Bank.
    70. Bardaka, Ioanna & Bournakis, Ioannis & Kaplanoglou, Georgia, 2020. "Total factor productivity (TFP) and fiscal consolidation: How harmful is austerity?," MPRA Paper 98880, University Library of Munich, Germany.
    71. Agarwala, M. & Burke, M. & Klusak, P. & Mohaddes, K. & Volz, U. & Zenghelis, D., 2021. "Climate Change and Fiscal Sustainability: Risks and Opportunities," Cambridge Working Papers in Economics 2163, Faculty of Economics, University of Cambridge.
    72. Marta Gómez-Puig & Simón Sosvilla-Rivero, 2017. "Heterogeneity in the debt-growth nexus: Evidence from EMU countries," IREA Working Papers 201706, University of Barcelona, Research Institute of Applied Economics, revised Mar 2017.
    73. Joseph Kopecky, 2021. "The Age for Austerity? Population Age Structure and Fiscal Multipliers," Trinity Economics Papers tep1621, Trinity College Dublin, Department of Economics.
    74. Dabla-Norris, Era & Lima, Frederico, 2023. "Macroeconomic effects of tax rate and base changes: Evidence from fiscal consolidations," European Economic Review, Elsevier, vol. 153(C).
    75. Barattieri, Alessandro & Borda, Patrice & Brugnoli, Alberto & Pelli, Martino & Tschopp, Jeanne, 2023. "The short-run, dynamic employment effects of natural disasters: New insights from Puerto Rico," Ecological Economics, Elsevier, vol. 205(C).
    76. Kwamivi Gomado, 2022. "Productivity growth effects of structural reforms: Evidence from developing countries," WIDER Working Paper Series wp-2022-92, World Institute for Development Economic Research (UNU-WIDER).
    77. Kim Nguyen, 2022. "The Real Effects of Debt Covenants: Evidence from Australia," RBA Research Discussion Papers rdp2022-05, Reserve Bank of Australia.
    78. Chuluunbayar, Delgerjargal, 2019. "The US Fiscal Consolidation, its impact and policy implications," MPRA Paper 98223, University Library of Munich, Germany.
    79. Ebeke, Christian H. & Eklou, Kodjovi M., 2023. "Automation and the employment elasticity of fiscal policy," Journal of Macroeconomics, Elsevier, vol. 75(C).
    80. Anna Kalbhenn & Livio Stracca, 2020. "Mad about Austerity? The Effect of Fiscal Consolidation on Public Opinion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(2-3), pages 531-548, March.
    81. Schwarzmüller, Tim & Wolters, Maik H., 2015. "The Macroeconomic Effects of Fiscal Consolidation in Dynamic General Equilibrium," Dynare Working Papers 43, CEPREMAP.
    82. Afonso, António & Alves, José & Jalles, João Tovar, 2022. "The (non-)Keynesian effects of fiscal austerity: New evidence from a large sample," Economic Systems, Elsevier, vol. 46(2).
    83. Antonio Afonso & Jose Alves & Joao Tovar Jalles, 2022. "To consolidate or not to consolidate? A multi-step analysis to assess needed fiscal sustainability," Working Papers 2022.02, International Network for Economic Research - INFER.
    84. Iván Kataryniuk & Javier Vallés, 2015. "Fiscal consolidation after the Great Recession:the role of composition," Working Papers 1515, Banco de España.
    85. Davide Furceri & Prakash Loungani & Jonathan D Ostry & Pietro Pizzuto, 2021. "The rise in inequality after pandemics: can fiscal support play a mitigating role? [Epidemics, inequality, and poverty in preindustrial and early industrial time]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(2), pages 445-457.
    86. Ibrar Hussain & Jawad Hussain & Arshad Ali & Shabir Ahmad, 2021. "A Dynamic Analysis of the Impact of Fiscal Adjustment on Economic Growth: Evidence From Pakistan," SAGE Open, , vol. 11(2), pages 21582440211, June.
    87. Mehdi El Herradi & Aurélien Leroy, 2020. "Monetary policy and the top one percent: Evidence from a century of modern economic history," AMSE Working Papers 2047, Aix-Marseille School of Economics, France.
    88. Guzman Martin & Heymann Daniel, 2015. "The IMF Debt Sustainability Analysis: Issues and Problems," Journal of Globalization and Development, De Gruyter, vol. 6(2), pages 387-404, December.
    89. Klein, Mathias & Winkler, Roland, 2017. "Austerity, Inequality, and Private Debt Overhang," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168076, Verein für Socialpolitik / German Economic Association.
    90. Anusha Chari & Peter Blair Henry, 2014. "Two Tales of Adjustment: East Asian Lessons for European Growth," Working Papers 14-04, New York University, Leonard N. Stern School of Business, Department of Economics.
    91. Tenreyro, Silvana & De Silva, Tiloka, 2021. "Climate-change pledges, actions and outcomes," LSE Research Online Documents on Economics 112139, London School of Economics and Political Science, LSE Library.
    92. Omid M. Ardakani & N. Kundan Kishor & Suyong Song, 2024. "Does membership of the EMU matter for economic and financial outcomes?," Contemporary Economic Policy, Western Economic Association International, vol. 42(3), pages 416-447, July.
    93. Çerçil, İrfan & Aksaray, Gorkem, 2025. "Monetary policy and inequality: Distributional effects of asset purchase programs," Journal of International Money and Finance, Elsevier, vol. 157(C).
    94. Zongwu Cai & Ying Fang & Ming Lin & Shengfang Tang, 2024. "Testing conditional independence in casual inference for time series data," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 78(2), pages 397-426, May.
    95. Marian Nehrebecki, 2023. "Zombification in Poland in particular during COVID-19 pandemic and low interest rates," Bank i Kredyt, Narodowy Bank Polski, vol. 54(2), pages 153-190.
    96. Klaus Gründler & Niklas Potrafke, 2019. "Ideologically-charged terminology: austerity, fiscal consolidation, and sustainable governance," CESifo Working Paper Series 7613, CESifo.
    97. Marco Bernardini & Selien De Schryder & Gert Peersman, 2020. "Heterogeneous Government Spending Multipliers in the Era Surrounding the Great Recession," The Review of Economics and Statistics, MIT Press, vol. 102(2), pages 304-322, May.
    98. Dinh Trung Nguyen, 2025. "Structural reforms and global value chains: a dynamic analysis of OECD countries based on local projections," International Economics and Economic Policy, Springer, vol. 22(3), pages 1-31, July.
    99. Peter H. Bent, 2018. "Recovery from Financial Crises in Peripheral Economies, 1870-1913," CEH Discussion Papers 07, Centre for Economic History, Research School of Economics, Australian National University.
    100. Kuvshinov, Dmitry & Zimmermann, Kaspar, 2019. "Sovereigns going bust: Estimating the cost of default," European Economic Review, Elsevier, vol. 119(C), pages 1-21.
    101. Bournakis, Ioannis & Ramirez-Rondan, Nelson R., 2022. "Does uncertainty matter for the fiscal consolidation and capital intensity nexus?," MPRA Paper 111592, University Library of Munich, Germany.
    102. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    103. Ignat Ignatov, 2020. "The Choice Of An Approach To Fiscal Consolidation," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 18(1), pages 131-144, July.
    104. Li, Xiang, 2021. "Dilemma and global financial cycle: Evidence from capital account liberalisation episodes," IWH Discussion Papers 13/2021, Halle Institute for Economic Research (IWH).
    105. Beetsma, Roel & Cimadomo, Jacopo & Giuliodori, Massimo & Furtuna, Oana, 2014. "The Confidence Effects of Fiscal Consolidations," CEPR Discussion Papers 10205, C.E.P.R. Discussion Papers.
    106. Staffa, Ruben Marek, 2023. "Macroeconomic effects from sovereign risk vs. Knightian uncertainty," IWH Discussion Papers 27/2023, Halle Institute for Economic Research (IWH).
    107. Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The macroeconomic effects of macroprudential policy," BIS Working Papers 740, Bank for International Settlements.
    108. Milivojevic, Lazar & Tatar, Balint, 2021. "Fixed exchange rate - a friend or foe of labor cost adjustments?," IMFS Working Paper Series 152, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    109. Bouis, Romain & Duval, Romain & Eugster, Johannes, 2020. "How fast does product market reform pay off? New evidence from non-manufacturing industry deregulation in advanced economies," Journal of Comparative Economics, Elsevier, vol. 48(1), pages 198-217.
    110. Paraskevi K. Salamaliki & Ioannis A. Venetis, 2024. "Fiscal Space and Policy Response to Financial Crises: Market Access and Deficit Concerns," Open Economies Review, Springer, vol. 35(2), pages 323-361, April.
    111. Marta Gómez-Puig & Simón Sosvilla-Rivero & Inmaculada Martínez-Zarzoso, 2019. "Re-examining the debt-growth nexus: A grouped fixed-effect approach," Documentos de Trabajo del ICAE 2019-21, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    112. Miss Anna R Bordon & Mr. Christian H Ebeke & Ms. Kazuko Shirono, 2016. "When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies," IMF Working Papers 2016/062, International Monetary Fund.
    113. Wifag Adnan & Kerim Peren Arin & Aysegul Corakci & Nicola Spagnolo, 2022. "On the heterogeneous effects of tax policy on labor market outcomes," Southern Economic Journal, John Wiley & Sons, vol. 88(3), pages 991-1036, January.
    114. D. Bonam & J.H.J. Lukkezen, 2014. "Government spending shocks, sovereign risk and the exchange rate regime," Working Papers 14-01, Utrecht School of Economics.
    115. Jacho, Domenica & Cruz, Zoe & Carrillo-Maldonado, Paul, 2024. "Effect of terms of trade on the Latin American Labor market," International Economics, Elsevier, vol. 180(C).
    116. Francesca Caselli & Mr. Philippe Wingender, 2018. "Bunching at 3 Percent: The Maastricht Fiscal Criterion and Government Deficits," IMF Working Papers 2018/182, International Monetary Fund.
    117. Shirota, Toyoichiro, 2018. "Evaluating the Unconventional Monetary Policy in Stock Markets : A Semi-parametric Approach," Discussion paper series. A 322, Graduate School of Economics and Business Administration, Hokkaido University.
    118. Greppmair, Stefan & Jank, Stephan & Smajlbegovic, Esad, 2023. "On the importance of fiscal space: Evidence from short sellers during the COVID-19 pandemic," Journal of Banking & Finance, Elsevier, vol. 147(C).
    119. Apeti, Ablam Estel & Bambe, Bao-We-Wal & Combes, Jean-Louis & Edoh, Eyah Denise, 2024. "Original sin: Fiscal rules and government debt in foreign currency in developing countries," Journal of Macroeconomics, Elsevier, vol. 80(C).
    120. Hjelm, Göran & Stockhammar, Pär, 2016. "Short Run Effects of Fiscal Policy on GDP and Employment: Swedish Evidence," Working Papers 147, National Institute of Economic Research.
    121. Philipp Heimberger, 2018. "The Dynamic Effects of Fiscal Consolidation Episodes on Income Inequality," wiiw Working Papers 147, The Vienna Institute for International Economic Studies, wiiw.
    122. Fratzscher, Marcel & Forbes, Kristin & Straub, Roland, 2014. "Capital Controls and Macroprudential Measures: What Are They Good For?," CEPR Discussion Papers 9798, C.E.P.R. Discussion Papers.
    123. Markus Brueckner & Gabriele Ciminelli & Norman Loayza, 2024. "External shocks and labor market reforms in autocracies and democracies: evidence from oil price windfalls," ANU Working Papers in Economics and Econometrics 2024-696, Australian National University, College of Business and Economics, School of Economics.
    124. Savu, A., 2021. "The Local Political Economy of Austerity: Lessons from Hospital Closures in Romania," Cambridge Working Papers in Economics 2120, Faculty of Economics, University of Cambridge.
    125. Scott Urban, 2014. "Policy Options for the Euro: Heterodoxy Ahead," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 742-757, July.
    126. Philipp Heimberger, 2016. "Did Fiscal Consolidation Cause the Double-Dip Recession in the Euro Area?," wiiw Working Papers 130, The Vienna Institute for International Economic Studies, wiiw.
    127. Uch, Raksmey & Miyamoto, Hiroaki & Kakinaka, Makoto, 2021. "Effects of a banking crisis on credit growth in developing countries," Finance Research Letters, Elsevier, vol. 43(C).
    128. Thommen, Yann, 2022. "Reforms of collective bargaining institutions in European Union countries: Bad timing, bad outcomes?," European Journal of Political Economy, Elsevier, vol. 71(C).
    129. Schroeder, Christofer & Stracca, Livio, 2023. "Pollution havens? Carbon taxes, globalization, and the geography of emissions," Working Paper Series 2862, European Central Bank.
    130. Itamar Caspi & Amit Friedman & Sigal Ribon, 2022. "The Immediate Impact and Persistent Effect of FX Purchases on the Exchange Rate," International Journal of Central Banking, International Journal of Central Banking, vol. 18(5), pages 1-31, December.
    131. Alessio Terzi & Pasqual Marco Marrazzo, 2017. "Wide-reaching Structural Reforms and Growth: A Cross-country Synthetic Control Approach," Growth Lab Working Papers 96, Harvard's Growth Lab.
    132. Sanjeev Gupta & João T Jalles & Carlos Mulas-Granados & Michela Schena, 2018. "Planned fiscal adjustments: Do governments fulfil their commitments?," European Union Politics, , vol. 19(3), pages 383-407, September.
    133. Jorge E. Galán & María Rodríguez Moreno, 2020. "At-risk measures and financial stability," Revista de Estabilidad Financiera, Banco de España, issue Otoño.
    134. Bomprezzi, Pietro & Marchesi, Silvia & Turk-Ariss, Rima, 2025. "IMF lending and firm investment decisions," Economics Letters, Elsevier, vol. 253(C).
    135. Joseph Kopecky, 2025. "A Union Divided? The euro and trade in the core and the periphery," Trinity Economics Papers tep1625, Trinity College Dublin, Department of Economics.
    136. Régis Barnichon & Christian Matthes, 2016. "Understanding the size of the government spending multiplier: It's in the sign," Economics Working Papers 1555, Department of Economics and Business, Universitat Pompeu Fabra.
    137. Yener Coskun & Nicholas Apergis & Esra Alp Coskun, 2022. "Nonlinear responses of consumption to wealth, income, and interest rate shocks," Empirical Economics, Springer, vol. 63(3), pages 1293-1335, September.
    138. Pablo A. Gluzmann & Martin M. Guzman & Joseph E. Stiglitz, 2018. "An Analysis of Puerto Rico's Debt Relief Needs to Restore Debt Sustainability," NBER Working Papers 25256, National Bureau of Economic Research, Inc.
    139. Gilles Dufrénot & Fredj Jawadi & Guillaume Khayat, 2018. "A model of fiscal dominance under the “Reinhart Conjecture”," Post-Print hal-01890414, HAL.
    140. Alesina, Alberto & Favero, Carlo & Giavazzi, Francesco, 2015. "The output effect of fiscal consolidation plans," Journal of International Economics, Elsevier, vol. 96(S1), pages 19-42.
    141. Staffa, Ruben, 2022. "The effects of sovereign risk: A high frequency identification based on news ticker data," IWH Discussion Papers 8/2022, Halle Institute for Economic Research (IWH).
    142. Brueckner, Markus & Ciminelli, Gabriele & Loayza, Norman, 2025. "Oil revenues and labor market reforms," World Development, Elsevier, vol. 193(C).
    143. George Chouliarakis & Tadeusz Gwiazdowski & Sophia Lazaretou, 2016. "The Effect of Fiscal Policy on Output in Times of Crisis and Prosperity: Historical Evidence From Greece ," Centre for Growth and Business Cycle Research Discussion Paper Series 230, Economics, The University of Manchester.
    144. Esra Alp Coşkun & Hakan Kahyaoglu & Chi Keung Marco Lau, 2023. "Which return regime induces overconfidence behavior? Artificial intelligence and a nonlinear approach," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-34, December.
    145. Benatti, Nicola & Groiss, Martin & Kelly, Petra & Lopez-Garcia, Paloma, 2024. "The impact of environmental regulation on clean innovation: are there crowding out effects?," Working Paper Series 2946, European Central Bank.
    146. Dell'Erba, Salvatore & Koloskova, Ksenia & Poplawski-Ribeiro, Marcos, 2018. "Medium-term fiscal multipliers during protracted economic contractions," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 35-52.
    147. Milivojevic,Lazar, 2023. "Natural Disasters and Fiscal Drought," Policy Research Working Paper Series 10298, The World Bank.
    148. João Tovar Jalles & Bryn Battersby & Rachel Lee, 2024. "Effectiveness of Fiscal Announcements: Early Evidence from COVID-19," Open Economies Review, Springer, vol. 35(3), pages 623-658, July.
    149. Angela Köppl & Margit Schratzenstaller-Altzinger, 2022. "Macroeconomic Effects of Green Recovery Programmes. Conceptual Framing and a Review of the Empirical Literature," WIFO Working Papers 646, WIFO.
    150. Bédhat Jean-Marc Atsebi & Jean-Louis Combes & Alexandru Minea, 2019. "The trade costs of financial crises," Working Papers halshs-01990335, HAL.
    151. Koiti Yano, 2020. "Government spending and multi-category treatment effects:The modified conditional independence assumption," Papers 2007.08396, arXiv.org, revised Aug 2020.
    152. Gilles Dufrénot & Aurélia Jambois & Laurine Jambois & Guillaume Khayat, 2016. "Regime-Dependent Fiscal Multipliers in the United States," Open Economies Review, Springer, vol. 27(5), pages 923-944, November.
    153. Antonis Adam & Sofia Tsarsitalidou, 2024. "Be my guest: the effect of foreign policy visits to the USA on FDI," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 160(2), pages 455-480, May.
    154. Maghyereh, Aktham & Abdoh, Hussein, 2021. "The effect of structural oil shocks on bank systemic risk in the GCC countries," Energy Economics, Elsevier, vol. 103(C).
    155. Rachel Yuting Fan & Daniel Lederman & Ha Nguyen & Claudio J. Rojas, 2024. "Calamities, Debt, and Growth in Developing Countries," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 487-507, March.
    156. Bechchani, Khalil, 2025. "Austerity reexamined: Uncovering the role of the shadow economy," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 1291-1317.
    157. Demirel, Ufuk Devrim, 2021. "The short-term effects of tax changes: The role of state dependence," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 918-934.
    158. Kleis, Mischa & Moessinger, Marc-Daniel, 2016. "The long-run effect of fiscal consolidation on economic growth: Evidence from quantitative case studies," ZEW Discussion Papers 16-047, ZEW - Leibniz Centre for European Economic Research, revised 2016.
    159. Barnichon, Regis & Matthes, Christian, 2015. "Stimulus versus Austerity: The Asymmetric Government Spending Multiplier," CEPR Discussion Papers 10584, C.E.P.R. Discussion Papers.
    160. António Afonso & João Tovar Jalles, 2015. "Fiscal Episodes, Technological Progress and Market Power," Working Papers Department of Economics 2015/09, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    161. Wiese, Rasmus & Jalles, João Tovar & de Haan, Jakob, 2025. "The impact of increasing labour market rigidity on employment growth in OECD countries," Economic Analysis and Policy, Elsevier, vol. 85(C), pages 2265-2275.
    162. Kristin Forbes & Marcel Fratzscher & Roland Straub, 2015. "Capital Flow Management Measures: What Are They Good For?," NBER Working Papers 20860, National Bureau of Economic Research, Inc.
    163. Boto-García, David & Albert, Juan Francisco & Gómez-Fernández, Nerea, 2024. "Carbon price shocks and tourism demand," Annals of Tourism Research, Elsevier, vol. 108(C).
    164. Beau Soederhuizen & Rutger Teulings & Rob Luginbuhl, 2023. "Estimating the impact of the financial cycle on fiscal policy," Empirical Economics, Springer, vol. 65(6), pages 2669-2709, December.
    165. Shafik Hebous & Tom Zimmermann, 2014. "Revisiting the Narrative Approach of Estimating Tax Multipliers," CESifo Working Paper Series 5040, CESifo.
    166. David, Antonio C. & Guajardo, Jaime & Yepez, Juan F., 2022. "The rewards of fiscal consolidations: Sovereign spreads and confidence effects," Journal of International Money and Finance, Elsevier, vol. 123(C).
    167. Fernández-Gallardo, Álvaro & Payá, Iván, 2025. "Public debt burden and crisis severity," European Economic Review, Elsevier, vol. 176(C).
    168. Holtemöller, Oliver & Pohle, Felix, 2020. "Employment effects of introducing a minimum wage: The case of Germany," Economic Modelling, Elsevier, vol. 89(C), pages 108-121.
    169. Jung, Alexander, 2025. "The quantity theory of money: An empirical analysis for 1870 - 2020," Journal of Macroeconomics, Elsevier, vol. 85(C).
    170. Pandey, Radhika & Pasricha, Gurnain K. & Patnaik, Ila & Shah, Ajay, 2016. "Motivations for capital controls and their effectiveness," Working Papers 16/168, National Institute of Public Finance and Policy.
    171. Thibault Lemaire, 2020. "Fiscal Consolidations and Informality in Latin America and the Caribbean," Working papers 764, Banque de France.
    172. Sigl-Glöckner, Philippa & Krahé, Max & Kern, Florian & Schuster, Florian, 2022. "Zur Weiterentwicklung der europäischen Fiskalregeln," Papers 277895, Dezernat Zukunft - Institute for Macrofinance, Berlin.
    173. Viral V. Acharya & Lea Borchert & Maximilian Jager & Sascha Steffen, 2023. "Kicking the Can Down the Road: Government Interventions in the European Banking Sector," CRC TR 224 Discussion Paper Series crctr224_2023_446, University of Bonn and University of Mannheim, Germany.
    174. Gabriel, Ricardo Duque & Klein, Mathias & Pessoa, Sofia, 2022. "The Political Costs of Austerity," Working Paper Series 418, Sveriges Riksbank (Central Bank of Sweden).
    175. Ortmans, Aymeric & Tripier, Fabien, 2021. "COVID-induced sovereign risk in the euro area: When did the ECB stop the spread?," European Economic Review, Elsevier, vol. 137(C).
    176. Panizza, Ugo & Fatás, Antonio & Ghosh, Atish R. & ,, 2019. "The Motives to Borrow," CEPR Discussion Papers 13735, C.E.P.R. Discussion Papers.
    177. D�ra Győrffy, 2015. "Austerity and growth in Central and Eastern Europe: understanding the link through contrasting crisis management in Hungary and Latvia," Post-Communist Economies, Taylor & Francis Journals, vol. 27(2), pages 129-152, June.
    178. Gatien Bon & Gong Cheng, 2020. "China’s debt relief actions overseas and macroeconomic implications," EconomiX Working Papers 2020-27, University of Paris Nanterre, EconomiX.
    179. Biolsi, Christopher, 2017. "Nonlinear effects of fiscal policy over the business cycle," Journal of Economic Dynamics and Control, Elsevier, vol. 78(C), pages 54-87.
    180. Benatti, Nicola & Groiss, Martin & Kelly, Petra & Lopez-Garcia, Paloma, 2024. "Environmental regulation and productivity growth in the euro area: Testing the porter hypothesis," Journal of Environmental Economics and Management, Elsevier, vol. 126(C).
    181. Beck, Roland & Di Nino, Virginia & Stracca, Livio, 2024. "Globalisation and the efficiency-equity trade-off," Journal of International Money and Finance, Elsevier, vol. 148(C).
    182. Caselli, Francesca & Wingender, Philippe, 2021. "Heterogeneous effects of fiscal rules: The Maastricht fiscal criterion and the counterfactual distribution of government deficits✰," European Economic Review, Elsevier, vol. 136(C).
    183. Osiebuni Collins OBU & Wilfred I. UKPERE, 2022. "The Implications of the Incursion of Cryptocurrency on the Effectiveness of Fiscal Policy," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 23(1), pages 134-150, June.
    184. Elien Meuleman & Rudi Vander Vennet, 2020. "Macroprudential policy, monetary policy and Eurozone bank risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 20/1004, Ghent University, Faculty of Economics and Business Administration.
    185. João Tovar Jalles & Georgios Karras, 2023. "Tax Progressivity and Output: Evidence from OECD countries," Working Papers REM 2023/0293, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    186. Ricardo Alonzo Fern'andez Salguero, 2025. "The Crisis Simulator for Bolivia (KISr-p): An Empirically Grounded Modeling Framework," Papers 2510.16537, arXiv.org.
    187. Melinda Fremerey & Andreas Lichter & Max Löffler, 2022. "Fiscal and Economic Effects of Local Austerity," CESifo Working Paper Series 9800, CESifo.
    188. Ando, Sakai & Mishra, Prachi & Patel, Nikhil & Peralta-Alva, Adrian & Presbitero, Andrea F., 2025. "Fiscal consolidation and public debt," Journal of Economic Dynamics and Control, Elsevier, vol. 170(C).
    189. Kwamivi Mawuli GOMADO, 2025. "Labor productivity growth effects of structural reforms: evidence from developing countries," Journal of Productivity Analysis, Springer, vol. 63(2), pages 151-182, April.
    190. Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2024. "The medium-term effects of fiscal policy rules," Journal of International Money and Finance, Elsevier, vol. 142(C).
    191. Nicoletta Batini & Mr. Luc Eyraud & Miss Anke Weber, 2014. "A Simple Method to Compute Fiscal Multipliers," IMF Working Papers 2014/093, International Monetary Fund.
    192. João Tovar Jalles, 2021. "Promised Fiscal Expansions and Politics: A European Union Assessment," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(1), pages 84-116, March.
    193. Mehdi El Herradi & Aurélien Leroy, 2021. "Monetary Policy and the Top 1%: Evidence from a Century of Modern Economic History," Post-Print hal-03513433, HAL.
    194. C Alexiou & J G Nellis, 2016. "A post-mortem of austerity: the Greek experience," Economic Issues Journal Articles, Economic Issues, vol. 21(2), pages 1-32, September.
    195. António Afonso & José Alves, 2022. "Are fiscal consolidation episodes helpful for public sector efficiency?," Working Papers REM 2022/0230, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    196. Alves, José & Jalles, João Tovar & Menescal, Lucas, 2025. "When austerity pays off: fiscal consolidations and public sector efficiency in emerging markets," Journal of International Money and Finance, Elsevier, vol. 157(C).
    197. Philipp Heimberger, 2024. "Fiscal consolidation and its growth effects in euro area countries: Past, present and future outlook," FMM Working Paper 109-2024, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    198. Colombier, Carsten, 2024. "How does government size affect economic growth? New results from a historical dataset," FiFo Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 24-1, University of Cologne, FiFo Institute for Public Economics.
    199. Badru, Ruth & Calef, Andrea & Ilori, Ayobami E. & Omoju, Oluwasola E., 2025. "Fiscal consolidation and asymmetric macroeconomic effects: Evidence from Sub-Saharan African countries," Economic Modelling, Elsevier, vol. 147(C).
    200. Ciminelli, Gabriele & Ernst, Ekkehard & Merola, Rossana & Giuliodori, Massimo, 2019. "The composition effects of tax-based consolidation on income inequality," European Journal of Political Economy, Elsevier, vol. 57(C), pages 107-124.
    201. Zhang, Jingyue & Tian, Grace Li & Yuan, Shengli & Tu, Yongqian, 2024. "Exploring the nexus between mineral policies, natural resource utilization, and green reforms for driving economic growth in China," Resources Policy, Elsevier, vol. 89(C).
    202. Yuwen Dai, 2022. "Monetary Policy and Financial Sustainability in a Two-State Open Economy," Sustainability, MDPI, vol. 14(8), pages 1-12, April.
    203. Christoffer Koch & Diaa Noureldin, 2024. "How we missed the inflation surge: An anatomy of post‐2020 inflation forecast errors," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(4), pages 852-870, July.
    204. Romain Duval & Davide Furceri, 2018. "The Effects of Labor and Product Market Reforms: The Role of Macroeconomic Conditions and Policies," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(1), pages 31-69, March.
    205. Francisco Arizala & Jesus Gonzalez-Garcia & Charalambos G. Tsangarides & Mustafa Yenice, 2021. "The impact of fiscal consolidations on growth in sub-Saharan Africa," Empirical Economics, Springer, vol. 61(1), pages 1-33, July.
    206. Concepción Foronda-Robles & Luis Galindo-Pérez-de-Azpillaga, 2016. "From initial dissemination to consolidated impact: the concept of crisis in the field of tourism," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 261-281, October.
    207. Schularick, Moritz & Richter, Björn & Shim, Ilhyock, 2018. "The Costs of Macroprudential Policy," CEPR Discussion Papers 13124, C.E.P.R. Discussion Papers.
    208. Aldasoro, Iñaki & Beltrán, Paula & Grinberg, Federico & Mancini-Griffoli, Tommaso, 2023. "The macro-financial effects of international bank lending on emerging markets," Journal of International Economics, Elsevier, vol. 142(C).
    209. Bechchani, Khalil, 2025. "Fiscal austerity and informality: Twin deficits as a cushion in Latin American countries," Economics Letters, Elsevier, vol. 246(C).
    210. Giovanna Ciaffi & Matteo Deleidi & Michele Capriati, 2024. "Government spending, multipliers, and public debt sustainability: an empirical assessment for OECD countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(2), pages 521-542, July.
    211. Davide Debortoli & Mario Forni & Luca Gambetti & Luca Sala, 2020. "Asymmetric Effects of Monetary Policy Easing and Tightening," Center for Economic Research (RECent) 146, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
    212. Simona Malovana & Jan Janku & Martin Hodula, 2023. "Macroprudential Policy and Income Inequality: The Trade-off Between Crisis Prevention and Credit Redistribution," Working Papers 2023/3, Czech National Bank, Research and Statistics Department.
    213. Gupta, Sanjeev & Jalles, João Tovar, 2022. "Do tax reforms affect income distribution? Evidence from developing countries," Economic Modelling, Elsevier, vol. 110(C).
    214. Antonis Adam & Evi Tsavou, 2024. "Assessing the effect of international terrorism on civil liberties using a potential outcomes framework," Public Choice, Springer, vol. 200(1), pages 201-236, July.
    215. Cyrille Lenoël & Corrado Macchiarelli & Garry Young, 2023. "Greece 2010–18: What Could Have Been Done Differently?," Open Economies Review, Springer, vol. 34(2), pages 281-315, April.
    216. James Cloyne & Òscar Jordà & Alan M. Taylor, 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," Working Paper Series 2023-05, Federal Reserve Bank of San Francisco.
    217. Ola Bergström & Alexander Styhre, 2022. "It takes change to remain the same: The transformation of Swedish government policy making in economic crises and the involvement of social partners," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 43(4), pages 1564-1587, November.
    218. Moritz Schularick & Ilhyock Shim, 2017. "Household credit in Asia-Pacific," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial systems and the real economy, volume 91, pages 129-144, Bank for International Settlements.
    219. Apeti, Ablam Estel & Ly, Alpha, 2024. "Power constraints and firm-level total factor productivity in developing countries," Energy, Elsevier, vol. 309(C).
    220. El-Shagi, Makram & Schweinitz, Gregor von, 2021. "Fiscal policy and fiscal fragility: Empirical evidence from the OECD," Journal of International Money and Finance, Elsevier, vol. 115(C).
    221. Antonio Fatás, 2019. "Fiscal Policy, Potential Output, and the Shifting Goalposts," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 684-702, September.
    222. Kodjovi M. Eklou & Mamour Fall, 2020. "The (Subjective) Well-Being Cost of Fiscal Policy Shocks," IMF Working Papers 2020/005, International Monetary Fund.
    223. Rasmus Wiese & Joåo Tovar Jalles & Jakob de Haan & João Tovar Jalles, 2024. "Labour Market Counter-Reforms in OECD Countries: Conditional Impact on Output and Employment Growth," CESifo Working Paper Series 11199, CESifo.
    224. Rother, Philipp & Cugnasca, Alessandro, 2015. "Fiscal multipliers during consolidation: evidence from the European Union," Working Paper Series 1863, European Central Bank.
    225. George Kapetanios & Panagiotis Koutroumpis & Christopher Tsoukis, 2022. "Expansionary and contractionary fiscal multipliers in the U.S," Working Papers 939, Queen Mary University of London, School of Economics and Finance.
    226. Saishuang Wu & Donglan Zhang & Xinyue Li & Jin Zhao & Xiaoning Sun & Lu Shi & Yuping Mao & Yunting Zhang & Fan Jiang, 2022. "Siblings and Early Childhood Development: Evidence from a Population-Based Cohort in Preschoolers from Shanghai," IJERPH, MDPI, vol. 19(9), pages 1-12, May.
    227. Paternesi Meloni, Walter & Romaniello, Davide & Stirati, Antonella, 2022. "Inflation and the NAIRU: assessing the role of long-term unemployment as a cause of hysteresis," Economic Modelling, Elsevier, vol. 113(C).
    228. Kristin J. Forbes & Michael W. Klein, 2015. "Pick Your Poison: The Choices and Consequences of Policy Responses to Crises," NBER Working Papers 20987, National Bureau of Economic Research, Inc.
    229. Kopecky, Joseph, 2022. "The age for austerity? Population age structure and fiscal consolidation multipliers," Journal of Macroeconomics, Elsevier, vol. 73(C).
    230. Banerjee, Ryan & Zampolli, Fabrizio, 2019. "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," Economic Modelling, Elsevier, vol. 82(C), pages 420-436.
    231. Sheng, Xuguang Simon & Sukaj, Rubena, 2021. "Identifying external debt shocks in low- and middle-income countries," Journal of International Money and Finance, Elsevier, vol. 110(C).
    232. Steven M. Fazzari & James Morley & Irina B. Panovska, 2017. "When Do Discretionary Changes in Government Spending or Taxes Have Larger Effects?," Discussion Papers 2017-04, School of Economics, The University of New South Wales.
    233. Matthew Agarwala & Matt Burke & Patrycja Klusak & Kamiar Mohaddes & Ulrich Volz & Dimitri Zenghelis, 2021. "Climate Change and Fiscal Responsibility: Risks and Opportunities," Working Papers 008, The Productivity Institute.
    234. Nathaniel P. S. Cook & Jason C. Jones, 2021. "The African Growth and Opportunity Act and growth in sub‐Saharan Africa: A local projection approach," The World Economy, Wiley Blackwell, vol. 44(1), pages 234-261, January.
    235. Nabil Daher, 2025. "Is growth at risk from natural disasters ? Evidence from quantile local projections," EconomiX Working Papers 2025-9, University of Paris Nanterre, EconomiX.
    236. Kuruc, Kevin, 2022. "Are IMF rescue packages effective? A synthetic control analysis of macroeconomic crises," Journal of Monetary Economics, Elsevier, vol. 127(C), pages 38-53.
    237. Philipp Heimberger, 2020. "Potential Output, EU Fiscal Surveillance and the COVID-19 Shock," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(3), pages 167-174, May.
    238. Masahiro Tanaka, 2025. "Quasi-Bayesian Local Projections: Simultaneous Inference and Extension to the Instrumental Variable Method," Papers 2503.20249, arXiv.org, revised Dec 2025.
    239. Jarmila Botev & Annabelle Mourougane, 2017. "Fiscal Consolidation: What Are the Breakeven Fiscal Multipliers?," CESifo Economic Studies, CESifo Group, vol. 63(3), pages 295-316.
    240. Zheng, Huanhuan, 2023. "Sovereign debt responses to the COVID-19 pandemic," Journal of International Economics, Elsevier, vol. 143(C).
    241. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2021. "Revenue- versus spending-based fiscal consolidation announcements: Multipliers and follow-up," Journal of International Economics, Elsevier, vol. 131(C).
    242. Konstantinou, Panagiotis Th. & Partheniou, Andromachi, 2021. "The Effects of Government Spending Over the Business Cycle: A Disaggregated Analysis for OECD and Non-OECD Countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 809-822.
    243. Checherita-Westphal, Cristina & Pesso, Tom, 2024. "Fiscal policy and inflation: accounting for non-linearities in government debt," Working Paper Series 2996, European Central Bank.
    244. Roberto Tamborini & Matteo Tomaselli, 2020. "When does public debt impair economic growth? A literature review in search of a theory," DEM Working Papers 2020/7, Department of Economics and Management.
    245. Amendola, Marco & Ciampa, Valerio & Germani, Lorenzo, 2024. "The distributional effects of labour market deregulation: Wage share and fixed-term contracts," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 328-338.
    246. Komarek, Timothy M. & Wagner, Gary A., 2020. "The distributional effects of job loss from fiscal consolidation: Evidence from the Budget Control Act of 2011," Economics Letters, Elsevier, vol. 196(C).
    247. André Diniz, 2018. "Effects of Fiscal Consolidations in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(4), pages 694-731, December.
    248. Joseph Kopecky, 2024. "A Match Made in Maastricht: Estimating The Treatment Effect of the Euro On Trade," Open Economies Review, Springer, vol. 35(1), pages 159-187, February.
    249. Salamaliki, Paraskevi K., 2024. "Globalization and fiscal policy after financial crises," European Journal of Political Economy, Elsevier, vol. 85(C).
    250. Fourné, Marius, 2025. "Cross-border transmission of climate policies through global production networks," IWH Discussion Papers 19/2025, Halle Institute for Economic Research (IWH).
    251. Kwamivi Mawuli Gomado, 2024. "Distributional Effects of Structural Reforms in Developing Countries: Evidence from Financial Liberalization," Open Economies Review, Springer, vol. 35(5), pages 1051-1084, November.
    252. Bettarelli, Luca & Furceri, Davide & Pizzuto, Pietro & Yarveisi, Khatereh, 2024. "Regional fiscal spillovers: The role of trade linkages," Journal of International Money and Finance, Elsevier, vol. 140(C).
    253. Antonio Fatas & Bram Gootjes & Joseph Mawejje, 2025. "Dynamic Effects of Fiscal Rules : Do Initial Conditions Matter ?," Policy Research Working Paper Series 11066, The World Bank.
    254. Manos Matsaganis & Chrysa Leventi, 2014. "Distributive Effects of the Crisis and Austerity in Seven EU Countries," ImPRovE Working Papers 14/04, Herman Deleeck Centre for Social Policy, University of Antwerp.
    255. Madsen, Jakob & Minniti, Antonio & Venturini, Francesco, 2024. "Declining research productivity and income inequality: A centenary perspective," Journal of Economic Dynamics and Control, Elsevier, vol. 167(C).
    256. Andrea Tafuro, 2024. "Lagging behind: the hysteresis of austerity," Empirical Economics, Springer, vol. 66(1), pages 327-368, January.
    257. Marco Amendola & Marcelo C. Pereira, 2025. "Are fiscal multipliers state dependent? Insights from an agent-based model," LEM Papers Series 2025/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    258. Ciminelli, Gabriele & Rogers, John & Wu, Wenbin, 2022. "The effects of U.S. monetary policy on international mutual fund investment," Journal of International Money and Finance, Elsevier, vol. 127(C).
    259. Francesca Caselli & Agustin Roitman, 2016. "Non-Linear Exchange Rate Pass-Through in Emerging Markets," IMF Working Papers 2016/001, International Monetary Fund.
    260. Georgios Georgantas & Maria Kasselaki & Athanasios Tagkalakis, 2022. "The short-run effects of fiscal adjustment in OECD countries," Working Papers 308, Bank of Greece.
    261. Woldu, Gabriel Temesgen & Szakálné Kanó, Izabella, 2023. "Macroeconomic effects of fiscal consolidation on economic activity in SSA countries," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    262. Moritz Schularick & Alan Taylor & Oscar Jorda, 2016. "The Great Mortgaging," 2016 Meeting Papers 185, Society for Economic Dynamics.
    263. Roberto Tamborini, 2024. "Good Debt or Bad Debt?," CESifo Working Paper Series 11503, CESifo.
    264. Arin, K. Peren & Devereux, Kevin & Mazur, Mieszko, 2023. "Taxes and firm investment," Journal of Macroeconomics, Elsevier, vol. 76(C).
    265. Bouteska, Ahmed & Harasheh, Murad & Abedin, Mohammad Zoynul, 2023. "Revisiting overconfidence in investment decision-making: Further evidence from the U.S. market," Research in International Business and Finance, Elsevier, vol. 66(C).
    266. Sonya Georgieva, 2021. "Fiscal Multipliers in Bulgaria and Central and Eastern Europe Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 131-167.
    267. Martin Geiger & Wolfgang Luhan & Johann Scharler, 2015. "When do Fiscal Consolidations Lead to Consumption Booms? Lessons from a Laboratory Experiment," Working Papers 2015-06, Faculty of Economics and Statistics, Universität Innsbruck.
    268. Bruno Bonizzi, 2017. "International financialisation, developing countries and the contradictions of privatised Keynesianism," Economic and Political Studies, Taylor & Francis Journals, vol. 5(1), pages 21-40, January.
    269. Sangyup Choi & Gabriele Ciminelli & Davide Furceri, 2022. "Is Domestic Uncertainty a Local Pull Factor Driving Foreign Capital Inflows? New Cross-Country Evidence," Working papers 2022rwp-195, Yonsei University, Yonsei Economics Research Institute.
    270. Dimitris Mokas & Massimo Giuliodori, 2021. "Effects of LTV announcements in EU economies," Working Papers 704, DNB.
    271. Colombo, Emilio & Furceri, Davide & Pizzuto, Pietro & Tirelli, Patrizio, 2024. "Public expenditure multipliers and informality," European Economic Review, Elsevier, vol. 164(C).
    272. Sturn, Simon & Epstein, Gerald, 2021. "How much should we trust five-year averaging to purge business cycle effects? A reassessment of the finance-growth and capital accumulation-unemployment nexus," Economic Modelling, Elsevier, vol. 96(C), pages 242-256.
    273. Stefan Angrick & Naoko Nemoto, 2018. "Breaking Par: Short-Term Determinants of Yen-Dollar Swap Deviations," ADBI Working Papers 859, Asian Development Bank Institute.
    274. Mr. Tamon Asonuma & Mr. Marcos Chamon & Akira Sasahara, 2016. "Trade Costs of Sovereign Debt Restructurings: Does a Market-Friendly Approach Improve the Outcome?," IMF Working Papers 2016/222, International Monetary Fund.
    275. Kai Arvai & Ricardo Duque Gabriel, 2024. "Gains from Commitment: The Case for Pegging the Exchange Rate," Working papers 974, Banque de France.
    276. Philipp Heimberger, 2016. "Das "strukturelle Defizit" in der österreichischen Budgetpolitik: Berechnungsprobleme, Revisionen und wirtschaftspolitische Relevanz," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 42(3), pages 451-463.
    277. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2017. "Revenue- versus spending-based fiscal consolidation announcements: follow-up, multipliers and confidence," CEPR Discussion Papers 12133, C.E.P.R. Discussion Papers.
    278. Aymeric Ortmans & Fabien Tripier, 2020. "COVID-Induced Sovereign Risk in the Euro Area: When Did the ECB Stop the Contagion?," Working Papers 2020-11, CEPII research center.
    279. Yang Zhou, 2022. "The Effects of Capital Controls on Housing Prices," Discussion Paper Series DP2022-29, Research Institute for Economics & Business Administration, Kobe University.
    280. Sawicki, Janusz, . "Dynamika zmian w bilansie płatniczym krajów Unii Gospodarczej i Walutowej - wnioski dla Polski," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2014(1).
    281. Maarten De Ridder & Simona Hannon & Damjan Pfajfar, 2020. "The Multiplier Effect of Education Expenditure," Finance and Economics Discussion Series 2020-058, Board of Governors of the Federal Reserve System (U.S.).
    282. Esin Serin & Nicholas Stern & Anna Valero & John Van Reenen & Bob Ward & Dimitri Zenghelis, 2024. "Boosting growth and productivity in the United Kingdom through investments in the sustainable economy," CEP Reports 43, Centre for Economic Performance, LSE.
    283. Kihiu, Evelyne Nyathira & Amuakwa-Mensah, Franklin, 2021. "Agricultural market access and dietary diversity in Kenya: Gender considerations towards improved household nutritional outcomes," Food Policy, Elsevier, vol. 100(C).
    284. Santos, Mariana, 2020. "The impact of labor income tax progressivity on the fiscal multipliers in the context of fiscal consolidation programs," MPRA Paper 98736, University Library of Munich, Germany.
    285. Francesco Prota & Maria Jennifer Grisorio, 2018. "Public expenditure in time of crisis: are Italian policymakers choosing the right mix?," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 35(2), pages 337-365, August.
    286. Adams Echono, 2024. "Analysing the Effect of Climate Change on Budget Defficit Dynamics in Nigeria," MakeLearn 2024: Artificial Intelligence for Human-Technologies-Economy Sustainable Development,, ToKnowPress.
    287. Domenico Ferraro & Soroush Ghazi & Pietro F Peretto, 2023. "Labour Taxes, Market Size and Productivity Growth," The Economic Journal, Royal Economic Society, vol. 133(654), pages 2210-2250.
    288. Ciaffi, Giovanna & Deleidi, Matteo & Di Domenico, Lorenzo, 2024. "Fiscal policy and public debt: Government investment is most effective to promote sustainability," Journal of Policy Modeling, Elsevier, vol. 46(6), pages 1186-1209.
    289. Acharya, Viral & Steffen, Sascha & Steinruecke, Lea & Jager, Maximilian, 2020. "Kicking the can down the road: government interventions in the European banking sector," CEPR Discussion Papers 15009, C.E.P.R. Discussion Papers.
    290. NAKAJIMA, Jouchi, 2025. "Time-varying Local Projections with Stochastic Volatility," Discussion Paper Series 761, Institute of Economic Research, Hitotsubashi University.
    291. Antonis Adam & Sofia Tsarsitalidou, 2023. "Serving two masters: the effect of state religion on fiscal capacity," Public Choice, Springer, vol. 194(1), pages 181-203, January.
    292. Marrazzo, Marco & Terzi, Alessio, 2017. "Structural reform waves and economic growth," Working Paper Series 2111, European Central Bank.
    293. Atsebi, Jean-Marc & Ligonnière, Samuel & Mathonnat, Clément, 2025. "Not all banking crises are alike: Assessing their distributional impacts relative to pre-crisis credit gaps," Journal of International Money and Finance, Elsevier, vol. 150(C).
    294. François Geerolf & Thomas Grjebine, 2018. "Property Tax Shocks and Macroeconomics," Working Papers 2018-03, CEPII research center.
    295. Kaehler, Juergen & Weber, Christoph S., 2023. "Inflation in the aftermath of financial crises," Economic Modelling, Elsevier, vol. 128(C).
    296. Duval, Romain & Furceri, Davide & Tovar Jalles, João, 2022. "Labor and product market reforms and external Imbalances: Evidence from advanced economies," Journal of International Money and Finance, Elsevier, vol. 121(C).
    297. Furceri,Davide & Hannan,Swarnali A. & Ostry,Jonathan D. & ROSE,ANDREW K., 2021. "The Macroeconomy After Tariffs," Policy Research Working Paper Series 9854, The World Bank.
    298. Klein, Mathias, 2016. "Austerity and Private Debt," VfS Annual Conference 2016 (Augsburg): Demographic Change 145681, Verein für Socialpolitik / German Economic Association.
    299. José Antonio Ocampo-Gaviria & Carlos Eduardo Caballero Argáez & María del Pilar Esguerra-Umaña & Miguel Urrutia-Montoya & Antonio Hernández-Gamarra, 2023. "Ensayos de historia económica. Cien años del Banco de la República," Books, Banco de la Republica de Colombia, number 2023-isbn:9789586644730 edited by Luis I.Jácome & Samuel Pienknagura & Leonardo Villar Gómez & Esguerra Umaña Pilar, November.
    300. Beck, Roland & Duca, Ioana A. & Stracca, Livio, 2019. "Medium term treatment and side effects of quantitative easing: international evidence," Working Paper Series 2229, European Central Bank.
    301. Konstantinou, Panagiotis Th., 2024. "Fiscal consolidations and income inequality: Evaluating the evidence," The Quarterly Review of Economics and Finance, Elsevier, vol. 97(C).
    302. Imre Ersoy & Talha Yanmaz, 2016. "The Impact of Austerity Measures on Government Borrowing in GIIPS," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(12), pages 106-112, December.
    303. Asonuma, Tamon & Chamon, Marcos & Erce, Aitor & Sasahara, Akira, 2024. "Costs of sovereign debt crises: Restructuring strategies and bank intermediation," Journal of International Economics, Elsevier, vol. 152(C).
    304. Cláudia Braz & Maria Manuel Campos, 2021. "Challenges in measuring fiscal effects," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    305. Wang, Lipeng & Zhang, Mengyu & Verousis, Thanos, 2021. "The road to economic recovery: Pandemics and innovation," International Review of Financial Analysis, Elsevier, vol. 75(C).
    306. Destefanis, Sergio & Rehman, Naqeeb Ur, 2023. "Investment, innovation activities and employment across European regions," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 474-490.
    307. Jung, Alexander & Romelli, Davide & Farvaque, Etienne, 2025. "Do central bank reforms lead to more monetary discipline?," Working Paper Series 3049, European Central Bank.
    308. Mr. Tobias Adrian & Andrea Deghi & Mitsuru Katagiri & Mr. Sohaib Shahid & Nico Valckx, 2020. "Predicting Downside Risks to House Prices and Macro-Financial Stability," IMF Working Papers 2020/011, International Monetary Fund.
    309. Robert Stewart & Murshed Chowdhury, 2025. "How does institutional quality respond to banking crises occurrences?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-40, December.
    310. Alberto Alesina & Gabriele Ciminelli & Davide Furceri & Giorgio Saponaro, 2024. "Austerity and elections," Economica, London School of Economics and Political Science, vol. 91(363), pages 1075-1099, July.
    311. Cafora, Alfonso & Romano, Antonio Angelo & Ronghi, Monica & Giuseppe, Scandurra, 2017. "Substituting fossil energy sources: the role of the climate funds and effects on the economic growth," MPRA Paper 82373, University Library of Munich, Germany.
    312. Shirota, Toyoichiro, 2023. "State-dependent effects of the unconventional monetary policy in stock markets," Japan and the World Economy, Elsevier, vol. 67(C).

  33. Òscar Jordà & Malte Knuppel & Massimiliano Marcellino, 2012. "Empirical simultaneous prediction regions for path-forecasts," Working Paper Series 2012-05, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Kung, Ko-Lun & MacMinn, Richard D. & Kuo, Weiyu & Tsai, Chenghsien Jason, 2022. "Multi-population mortality modeling: When the data is too much and not enough," Insurance: Mathematics and Economics, Elsevier, vol. 103(C), pages 41-55.
    2. Svetlana Makarova, 2014. "Risk and Uncertainty: Macroeconomic Perspective," UCL SSEES Economics and Business working paper series 129, UCL School of Slavonic and East European Studies (SSEES).
    3. Ilhan Kilic & Faruk Balli, 2024. "Measuring economic country-specific uncertainty in Türkiye," Empirical Economics, Springer, vol. 67(4), pages 1649-1689, October.
    4. Lee, Seohyun, 2017. "Three essays on uncertainty: real and financial effects of uncertainty shocks," MPRA Paper 83617, University Library of Munich, Germany.
    5. Petropoulos, Fotios & Apiletti, Daniele & Assimakopoulos, Vassilios & Babai, Mohamed Zied & Barrow, Devon K. & Ben Taieb, Souhaib & Bergmeir, Christoph & Bessa, Ricardo J. & Bijak, Jakub & Boylan, Joh, 2022. "Forecasting: theory and practice," International Journal of Forecasting, Elsevier, vol. 38(3), pages 705-871.
      • Fotios Petropoulos & Daniele Apiletti & Vassilios Assimakopoulos & Mohamed Zied Babai & Devon K. Barrow & Souhaib Ben Taieb & Christoph Bergmeir & Ricardo J. Bessa & Jakub Bijak & John E. Boylan & Jet, 2020. "Forecasting: theory and practice," Papers 2012.03854, arXiv.org, revised Jan 2022.
    6. Constantin Burgi, 2016. "What Do We Lose When We Average Expectations?," Working Papers 2016-013, The George Washington University, The Center for Economic Research.
    7. Knüppel, Malte, 2014. "Forecast-error-based estimation of forecast uncertainty when the horizon is increased," Discussion Papers 40/2014, Deutsche Bundesbank.
    8. Giuseppe Cavaliere & Dimitris N. Politis & Anders Rahbek & Michael Wolf & Dan Wunderli, 2015. "Recent developments in bootstrap methods for dependent data," Journal of Time Series Analysis, Wiley Blackwell, vol. 36(3), pages 352-376, May.
    9. Hendry, David F. & Pretis, Felix, 2023. "Analysing differences between scenarios," International Journal of Forecasting, Elsevier, vol. 39(2), pages 754-771.
    10. Diego Fresoli, 2022. "Bootstrap VAR forecasts: The effect of model uncertainties," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(2), pages 279-293, March.
    11. Gonçalves Mazzeu, Joao Henrique & Ruiz Ortega, Esther & Veiga, Helena, 2015. "Model uncertainty and the forecast accuracy of ARMA models: A survey," DES - Working Papers. Statistics and Econometrics. WS ws1508, Universidad Carlos III de Madrid. Departamento de Estadística.

  34. Oscar Jorda & Moritz Schularick & Alan Taylor, 2012. "When Credit Bites Back: Leverage, Business Cycles and Crises," Working Papers 172, University of California, Davis, Department of Economics.

    Cited by:

    1. Konstantinos N. Baltas, 2025. "The nexus between bank efficiency and leverage," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 811-839, January.
    2. Binici, Mahir & Köksal, Bülent & Orman, Cüneyt, 2012. "Stock return comovement and systemic risk in the Turkish banking system," MPRA Paper 38663, University Library of Munich, Germany.
    3. Mary C. Daly & Bart Hobijn & Aysegül Sahin & Robert G. Valletta, 2012. "A Search and Matching Approach to Labor Markets: Did the Natural Rate of Unemployment Rise?," Journal of Economic Perspectives, American Economic Association, vol. 26(3), pages 3-26, Summer.
    4. Leroi RAPUTSOANE, 2015. "Alternative Measures of Credit Extension for Countercyclical Buffer Decisions in South Africa," Turkish Economic Review, KSP Journals, vol. 2(4), pages 210-221, December.
    5. Barry Eichengreen, 2015. "Deflation and Monetary Policy," Working Papers 2015-25, Economic Research Institute, Bank of Korea.
    6. Schularick, Moritz, 2012. "Public debt and financial crises in the twentieth century," Discussion Papers 2012/1, Free University Berlin, School of Business & Economics.
    7. Rafiq, Shuddhasattwa, 2022. "How did house and stock prices respond to different crisis episodes since the 1870s?," Economic Modelling, Elsevier, vol. 114(C).
    8. Frauke Schleer & Willi Semmler, 2014. "Financial Sector and Output Dynamics in the Euro Area: Non-linearities Reconsidered," SCEPA working paper series. 2014-5, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    9. Ignacio Lozano & Alexander Guarín, 2014. "Fragilidad Bancaria en Colombia: Un Análisis Basado en las Hojas de Balance," Borradores de Economia 813, Banco de la Republica de Colombia.
    10. Caroline Mehigan, 2016. "Bilateral Adjustment of Bank Assets: Boom and Bust," Trinity Economics Papers tep0616, Trinity College Dublin, Department of Economics.
    11. Kevin H. O'Rourke & Alan M. Taylor, 2013. "Cross of Euros," Journal of Economic Perspectives, American Economic Association, vol. 27(3), pages 167-192, Summer.
    12. Villa, Stefania, 2013. "Financial frictions in the euro area: a Bayesian assessment," Working Paper Series 1521, European Central Bank.
    13. Claessens, Stijn & Kose, M. Ayhan, 2013. "Financial Crises: Explanations, Types, and Implications," CEPR Discussion Papers 9329, C.E.P.R. Discussion Papers.
    14. Gurnain Pasricha, 2017. "Policy Rules for Capital Controls," Staff Working Papers 17-42, Bank of Canada.
    15. Asian Development Bank Institute, 2015. "Asian Development Outlook 2015 Financing Asia’s Future Growth," Working Papers id:6666, eSocialSciences.
    16. Reinhart, Carmen & Trebesch, Christoph, 2015. "The International Monetary Fund: 70 Years of Reinvention," Working Paper Series 15-077, Harvard University, John F. Kennedy School of Government.
    17. Guste Santini, 2013. "Promocija knjige prof. dr. sc. Dragoljuba Stojanova: Ekonomska kriza i kriza ekonomske znanosti," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 383-386.
    18. Cukierman, Alex, 2013. "Monetary policy and institutions before, during, and after the global financial crisis," Journal of Financial Stability, Elsevier, vol. 9(3), pages 373-384.
    19. Lozej, Matija & Onorante, Luca & Rannenberg, Ansgar, 2018. "Countercyclical capital regulation in a small open economy DSGE model," Working Paper Series 2144, European Central Bank.
    20. William R. White, 2014. "The Prudential Regulation of Financial Institutions: Why Regulatory Responses to the Crisis Might Not Prove Sufficient," OECD Economics Department Working Papers 1108, OECD Publishing.
    21. Carlos Canizares Martinez, 2023. "Leaning against housing booms fueled by credit," Working Papers 513, University of Milano-Bicocca, Department of Economics.
    22. TRENCA Ioan & MUTU Simon & COROVEI Emilia, 2014. "Improving Ews For Banking Crises: Roc And Auroc Analysis," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 66(3), pages 106-118.
    23. John C. Williams, 2012. "The economic outlook and monetary policy," Speech 100, Federal Reserve Bank of San Francisco.
    24. Olszewski, Krzysztof, 2012. "The impact of commercial real estate on the financial sector, its tracking by central banks and some recommendations for the macro-financial stability policy of central banks," MPRA Paper 41059, University Library of Munich, Germany.
    25. Bezemer, Dirk & Grydaki, Maria, 2014. "Nonfinancial sectors debt and the U.S. great moderation," Research Report 14030-GEM, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    26. Nicholas Oulton & María Sebastiá-Barriel, 2013. "Long and Short-Term Effects of the Financial Crisis on Labour Productivity, Capital and Output," CEP Discussion Papers dp1185, Centre for Economic Performance, LSE.
    27. Nicholas Oulton, 2013. "Medium and long run prospects for UK growth in the aftermath of the financial crisis," Discussion Papers 1307, Centre for Macroeconomics (CFM).
    28. Dwyer, Gerald P. & Devereux, John & Baier, Scott & Tamura, Robert, 2013. "Recessions, growth and banking crises," Journal of International Money and Finance, Elsevier, vol. 38(C), pages 18-40.
    29. Balázs Égert & Douglas Sutherland, 2014. "The Nature of Financial and Real Business Cycles: The Great Moderation and Banking Sector Pro-Cyclicality," Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(1), pages 98-117, February.
    30. Bezemer, Dirk & Grydaki, Maria, 2013. "Debt and the U.S. Great Moderation," MPRA Paper 47399, University Library of Munich, Germany.
    31. Pagano, Marco, 2014. "Dealing with financial crises: How much help from research?," CFS Working Paper Series 481, Center for Financial Studies (CFS).
    32. Ignacio Lozano & Alexander Guar�n, 2014. "Banking Fragility in Colombia: An Empirical Analysis Based on Balance Sheets," Borradores de Economia 11145, Banco de la Republica.
    33. Percic Stanislav & Apostoaie Constantin-Marius & Chirlesan Dan, 2013. "A Tale Of Two Cycles In Developing And Advanced Economies: A Country Case Study Comparison," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 440-450, December.
    34. A. Bruggeman & Ch. Van Nieuwenhuyze, 2013. "Size and dynamics of debt positions in Belgium and in the euro area," Economic Review, National Bank of Belgium, issue i, pages 57-77, June.
    35. Xiaochun Jiang & Wei Sun & Peng Su & Ting Wang, 2019. "The Synergy of Financial Volatility between China and the United States and the Risk Conduction Paths," Sustainability, MDPI, vol. 11(15), pages 1-22, August.
    36. Reinhart, Carmen & Kenneth, Rogoff, 2012. "This Time is Different, Again? The United States Five Years after the Onset of Subprime," MPRA Paper 51257, University Library of Munich, Germany.
    37. Douglas Sutherland & Peter Hoeller & Rossana Merola & Volker Ziemann, 2012. "Debt and Macroeconomic Stability," OECD Economics Department Working Papers 1003, OECD Publishing.
    38. Gurgone, Andrea & Iori, Giulia & Jafarey, Saqib, 2018. "The effects of interbank networks on efficiency and stability in a macroeconomic agent-based model," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 257-288.
    39. Farboodi, Maryam & Kondor, Peter, 2021. "Cleansing by tight credit: rational cycles and endogenous lending standards," LSE Research Online Documents on Economics 118900, London School of Economics and Political Science, LSE Library.
    40. Josip Baotic, 2013. "Hrvatska u novom regionalnom okruženju i lokalne/podrucne samouprave u regionalnom razvoju RH," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 337-344.
    41. Sandra Bebek, 2013. "Dragoljub Stojanov: Ekonomska kriza i kriza ekonomske znanosti, Rijeka - Ekonomski fakultet, 2013," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 443-449.
    42. Claudio Borio, 2014. "Monetary policy and financial stability: what role in prevention and recovery?," BIS Working Papers 440, Bank for International Settlements.
    43. Douglas Sutherland & Peter Hoeller, 2012. "Debt and Macroeconomic Stability: An Overview of the Literature and Some Empirics," OECD Economics Department Working Papers 1006, OECD Publishing.
    44. Avner Offer, 2017. "The market turn: from social democracy to market liberalism," Economic History Review, Economic History Society, vol. 70(4), pages 1051-1071, November.
    45. Alessi, Lucia & Antunes, Antonio & Babecky, Jan & Baltussen, Simon & Behn, Markus & Bonfim, Diana & Bush, Oliver & Detken, Carsten & Frost, Jon & Guimaraes, Rodrigo & Havranek, Tomas & Joy, Mark & Kau, 2015. "Comparing different early warning systems: Results from a horse race competition among members of the Macro-prudential Research Network," MPRA Paper 62194, University Library of Munich, Germany.
    46. Werner, Richard A., 2012. "Towards a new research programme on ‘banking and the economy’ — Implications of the Quantity Theory of Credit for the prevention and resolution of banking and debt crises," International Review of Financial Analysis, Elsevier, vol. 25(C), pages 1-17.
    47. Dragomir Vojnic, 2013. "Ekonomska znanost i ekonomska politika u svjetlu aktualnog trenutka razvoja," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 361-377.
    48. Franz Alonso Hamann Salcedo & Rafael Hernández & Luisa Fernanda Silva EScobar & Fernando Tenjo Galarza, 2013. "Credit Pro-cyclicality and Bank Balance Sheet in Colombia," Borradores de Economia 762, Banco de la Republica de Colombia.
    49. Merike Kukk, 2015. "How Did Household Indebtedness Hamper Consumption during the Recession? Evidence from Micro Data," a/ Working Papers Series 1505, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    50. Borio, Claudio, 2014. "The financial cycle and macroeconomics: What have we learnt?," Journal of Banking & Finance, Elsevier, vol. 45(C), pages 182-198.
    51. Mihaela Bratu, 2013. "Econometric Models or Smoothing Exponential Techniques to Predict Macroeconomic Indicators in Romania," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 255-272.
    52. Thomas Laubach & John C. Williams, 2015. "Measuring the natural rate of interest redux," Working Paper Series 2015-16, Federal Reserve Bank of San Francisco.
    53. Rajesh Sharma, 2018. "Health and economic growth: Evidence from dynamic panel data of 143 years," PLOS ONE, Public Library of Science, vol. 13(10), pages 1-20, October.
    54. Pérez-Quirós, Gabriel & Gadea Rivas, Maria Dolores & Gomez-Loscos, Ana, 2015. "The Great Moderation in historical perspective.Is it that great?," CEPR Discussion Papers 10825, C.E.P.R. Discussion Papers.
    55. Azra Hadžiahmetovic, 2013. "Promocija knjige prof. dr. Dragoljuba Stojanova "Ekonomska kriza i kriza ekonomske znanosti: Quo vadis Economics"," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 393-398.
    56. Deba Prasad Rath & Pratik Mitra & Joice John, 2017. "A Measure of Finance-Neutral Output Gap for India," Working Papers id:11986, eSocialSciences.
    57. Òscar Jordà & Alan M. Taylor, 2013. "The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy," Working Paper Series 2013-25, Federal Reserve Bank of San Francisco.
    58. Claudio Borio & Frank Piti Disyatat & Mikael Juselius, 2013. "Rethinking potential output: Embedding information about the financial cycle," BIS Working Papers 404, Bank for International Settlements.
    59. Bucher, Monika & Dietrich, Diemo & Hauck, Achim, 2013. "Implications of Bank Regulation for Credit Intermediation and Bank Stability: A Dynamic Perspective," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79792, Verein für Socialpolitik / German Economic Association.
    60. Veselin Draškovic, 2013. "Diskusija na skupu u Zagrebu 24.10.2012," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 345-348.
    61. Bucher, Monika & Dietrich, Diemo & Hauck, Achim, 2013. "Business cycles, bank credit and crises," Economics Letters, Elsevier, vol. 120(2), pages 229-231.
    62. Yi, Xingjian & Liu, Sheng & Wu, Zhouheng, 2022. "What drives credit expansion worldwide?——An empirical investigation with long-term cross-country panel data," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 225-242.
    63. Mathias Drehmann & Kostas Tsatsaronis, 2014. "The credit-to-GDP gap and countercyclical capital buffers: questions and answers," BIS Quarterly Review, Bank for International Settlements, March.
    64. Kaelo Mpho Ntwaepelo, 2021. "The Effects of Macroprudential and Monetary Policy Shocks in BRICS economies," Economics Discussion Papers em-dp2021-20, Department of Economics, University of Reading.
    65. Philip Lane, 2013. "International Capital Flows and Domestic Financial Conditions: Lessons for Emerging Asia," The Institute for International Integration Studies Discussion Paper Series iiisdp438, IIIS.
    66. Mimo Draškovic & Veselin Draškovic, 2013. "Kritika metodološkog individualizma," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 273-296.
    67. Zdravko Bazdan, 2013. "Globalization, Marina Tourism, Management and Business Intelligence," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 237-254.
    68. Michel Bordo & John Lando-Lane, 2013. "Does Expansionary Monetary Policy Cause Asset Price Booms? Some Historical and Empirical Evidence," Working Papers Central Bank of Chile 710, Central Bank of Chile.
    69. William R. White, 2013. "Is monetary policy a science? the interaction of theory and practice over the last 50 years," Globalization Institute Working Papers 155, Federal Reserve Bank of Dallas.
    70. Charles Goodhart, 2013. "From National towards European/Global Financial Regulation," SUERF 50th Anniversary Volume Chapters, in: Morten Balling & Ernest Gnan (ed.), 50 Years of Money and Finance: Lessons and Challenges, chapter 7, pages 229-262, SUERF - The European Money and Finance Forum.
    71. James M. Nason & Ellis W. Tallman, 2012. "Business cycles and financial crises: the roles of credit supply and demand shocks," Working Papers (Old Series) 1221, Federal Reserve Bank of Cleveland.
    72. Davis, J. Scott & Mack, Adrienne & Phoa, Wesley & Vandenabeele, Anne, 2016. "Credit booms, banking crises, and the current account," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 360-377.
    73. Alan M. Taylor, 2012. "The great leveraging," BIS Working Papers 398, Bank for International Settlements.
    74. Jaanika Merikull, 2012. "Households borrowing during a creditless recovery," Bank of Estonia Working Papers wp2012-2, Bank of Estonia, revised 22 Feb 2012.
    75. Baker, Andrew, 2015. "The bankers’ paradox: the political economy of macroprudential regulation," LSE Research Online Documents on Economics 61998, London School of Economics and Political Science, LSE Library.
    76. Schleer, Frauke & Semmler, Willi, 2013. "Financial sector-output dynamics in the euro area: Non-linearities reconsidered," ZEW Discussion Papers 13-068, ZEW - Leibniz Centre for European Economic Research.
    77. Sumru Altug & Fabio Canova, 2014. "Do Institutions and Culture Matter for Business Cycles?," Open Economies Review, Springer, vol. 25(1), pages 93-122, February.
    78. Bezemer, Dirk & Grydaki, Maria, 2014. "Financial fragility in the Great Moderation," Journal of Banking & Finance, Elsevier, vol. 49(C), pages 169-177.
    79. Silvana Bartoletto & Bruno Chiarini & Elisabetta Marzano & Paolo Piselli, 2018. "Banking crises and business cycle: evidence for Italy(1861-2016)," Journal of Financial Economic Policy, Emerald Group Publishing Limited, vol. 11(1), pages 34-61, October.
    80. Weshah Razzak, 2014. "New Zealand Labour Market Dynamics: Pre- and Post-global Financial Crisis," Treasury Working Paper Series 14/03, New Zealand Treasury.
    81. Vorada Limjaroenrat, 2017. "Distributional Effects of Monetary Policy on Housing Bubbles: Some Evidence," PIER Discussion Papers 74, Puey Ungphakorn Institute for Economic Research.
    82. William R. White, 2013. "Is Monetary Policy a Science? The Interaction of Theory and Practice over the Last 50 Years," SUERF 50th Anniversary Volume Chapters, in: Morten Balling & Ernest Gnan (ed.), 50 Years of Money and Finance: Lessons and Challenges, chapter 3, pages 73-116, SUERF - The European Money and Finance Forum.
    83. Klaus Abberger & Biswa Nath Bhattacharyay & Chang Woon Nam & Gernot Nerb & Siegfried Schönherr, 2014. "How Can the Crisis Vulnerability of Emerging Economies Be Reduced?," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 65.
    84. Òscar Jordà, 2013. "Assessing the Historical Role of Credit: Business Cycles, Financial Crises, and the Legacy of Charles S. Peirce," Working Paper Series 2013-19, Federal Reserve Bank of San Francisco.
    85. Fikret Cauševic, 2013. "Ekonomska teorija i ekonomska politika," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 399-426.
    86. Serena Ng & Jonathan H. Wright, 2013. "Facts and Challenges from the Great Recession for Forecasting and Macroeconomic Modeling," NBER Working Papers 19469, National Bureau of Economic Research, Inc.
    87. Martin Hodula & Ngoc Anh Ngo, 2022. "Finance, growth and (macro)prudential policy: European evidence," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(2), pages 537-571, May.
    88. Mathias Drehmann & Claudio Borio & Kostas Tsatsaronis, 2012. "Characterising the financial cycle: don't lose sight of the medium term!," BIS Working Papers 380, Bank for International Settlements.
    89. Alan S. Blinder & Michael Ehrmann & Jakob de Haan & David-Jan Jansen, 2016. "Necessity as the Mother of Invention: Monetary Policy after the Crisis," NBER Working Papers 22735, National Bureau of Economic Research, Inc.
    90. Michael D. Bordo & John Landon-Lane, 2013. "Does expansionary monetary policy cause asset price booms? some historical and empirical evidence," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 16(2), pages 04-52, August.
    91. Željko Šain, 2013. "Uvodna rijec dekana prof. dr. sc. Željka Šaina," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 381-382.
    92. SERGI BASCO & John P. Tang, 2017. "The Samurai Bond: Credit Supply And Economic Growth In Pre-War Japan," CEH Discussion Papers 05, Centre for Economic History, Research School of Economics, Australian National University.
    93. Anton Glavinic, 2013. "Oblikovanje matematickog modela za analizu meduodnosa izmedu odabranih makroekonomskih velicina," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 297-310.
    94. Ms. Sally Chen & Mr. Philip Liu & Andrea M. Maechler & Chris Marsh & Mr. Sergejs Saksonovs & Mr. Hyun S Shin, 2012. "Exploring the Dynamics of Global Liquidity," IMF Working Papers 2012/246, International Monetary Fund.
    95. Dendramis, Yiannis & Kapetanios, George & Tzavalis, Elias, 2015. "Shifts in volatility driven by large stock market shocks," Journal of Economic Dynamics and Control, Elsevier, vol. 55(C), pages 130-147.
    96. Afrin, Sadia, 2017. "The role of financial shocks in business cycles with a liability side financial friction," Economic Modelling, Elsevier, vol. 64(C), pages 249-269.
    97. Zoran Jašic, 2013. "Diskusija na znanstvenom skupu: Regionalni razvoj - prioritet EU," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 349-350.
    98. Mary C. Daly & Bast Hobijn & Ayşeqül Şahin & Robert G. Valletta, 2012. "Rynki pracy w modelu poszukiwań i dopasowań: czy naturalna stopa bezrobocia rzeczywiście wzrosła?," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 11-12, pages 147-172.
    99. Romeo-Victor Ionescu, 2015. "Europe 2020 Strategy’s Viability under This More Volatile Economic World," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 11(1), pages 120-136, February.
    100. Bilal Bagis, 2017. "Central Banking in the New Era," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(4), pages 197-225.
    101. Thomas Philippon & Ariell Reshef, 2013. "An International Look at the Growth of Modern Finance," Journal of Economic Perspectives, American Economic Association, vol. 27(2), pages 73-96, Spring.
    102. Dragoljub Stojanov & Pavle Jakovac, 2013. "Ekonomska teorija na raskrižju ili Put u mega-kapitalizam," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 311-333.
    103. David Aikman & Andrew G. Haldane & Benjamin D. Nelson, 2015. "Curbing the Credit Cycle," Economic Journal, Royal Economic Society, vol. 125(585), pages 1072-1109, June.
    104. Jan Libich & Liam Lenten, 2022. "Hero or villain? The financial system in the 21st century," Journal of Economic Surveys, Wiley Blackwell, vol. 36(1), pages 3-40, February.
    105. Francesco Manaresi & Nicola Pierri, 2017. "Credit Constraints and Firm Productivity: Evidence from Italy," Mo.Fi.R. Working Papers 137, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    106. Òscar Jordà, 2012. "Credit: a starring role in the downturn," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue apr16.
    107. Lindé, J. & Smets, F. & Wouters, R., 2016. "Challenges for Central Banks’ Macro Models," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2185-2262, Elsevier.
    108. Dwyer, Gerald P & Devereux, John & Baier, Scott L. & Tamura, Robert, 2013. "Recessions, Growth and Financial Crises," MPRA Paper 48843, University Library of Munich, Germany, revised Oct 2012.
    109. Igor M Tomic & John Angelidis, 2018. "Macroprudential Policy: Resolution and Continued Challenges," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 9(4), pages 43-50, October.
    110. Martin Hodula & Ngoc Anh Ngo, 2021. "Does Macroprudential Policy Leak? Evidence from Non-Bank Credit Intermediation in EU Countries," Working Papers 2021/5, Czech National Bank, Research and Statistics Department.
    111. Philip R. Lane & Peter McQuade, 2014. "Domestic Credit Growth and International Capital Flows," Scandinavian Journal of Economics, Wiley Blackwell, vol. 116(1), pages 218-252, January.
    112. Esteban Gómez & Andrés Murcia Pabón & Nancy Zamudio Gómez, 2013. "Foreign Debt Flows and Domestic Credit: A Principal-Agent Approach," Temas de Estabilidad Financiera 075, Banco de la Republica de Colombia.
    113. Bouwman, Kees & Buis, Boyd & Pieterse-Bloem, Mary & Tham, Wing Wah, 2015. "A practical approach to constructing price-based funding liquidity factors," International Review of Economics & Finance, Elsevier, vol. 40(C), pages 90-97.
    114. Žarko Primorac, 2013. "Hrvatska u novom regionalnom okruženju," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 351-360.
    115. Łukasz Lenart & Mateusz Pipień, 2015. "Empirical Properties of the Credit and Equity Cycle within Almost Periodically Correlated Stochastic Processes - the Case of Poland, UK and USA," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 7(3), pages 169-186, September.
    116. Jorge Feregrino & Juan Felipe Espinosa-Cristia & Nelson Lay & Luis Leyton, 2022. "Inappropriate Corporate Strategies: Latin American Companies That Increase Their Value by Short-Term Liabilities," IJFS, MDPI, vol. 10(4), pages 1-15, October.
    117. Gropp, Reint E. & Krainer, John & Laderman, Elizabeth, 2014. "Did consumers want less debt? Consumer credit demand versus supply in the wake of the 2008-2009 financial crisis," SAFE Working Paper Series 42, Leibniz Institute for Financial Research SAFE.
    118. Nadja Dwenger & Viktor Steiner, 2014. "Financial leverage and corporate taxation: evidence from German corporate tax return data," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 21(1), pages 1-28, February.
    119. Grégory Levieuge, 2015. "Explaining and forecasting bank loans. Good times and crisis," Working papers 566, Banque de France.
    120. Fatás, Antonio & Summers, Lawrence H., 2018. "The permanent effects of fiscal consolidations," Journal of International Economics, Elsevier, vol. 112(C), pages 238-250.
    121. Claudio Borio, 2014. "The financial cycle and macroeconomics: what have we learned and what are the policy implications?," Chapters, in: Ewald Nowotny & Doris Ritzberger-Grünwald & Peter Backé (ed.), Financial Cycles and the Real Economy, chapter 2, pages 10-35, Edward Elgar Publishing.
    122. Oscar Jorda & John Fernald & Fernanda Nechio & Mary Daly, 2013. "Okun’s Macroscope: Changes in the Cyclical Behavior of Productivity and the Comovement between Output and Unemployment," 2013 Meeting Papers 1155, Society for Economic Dynamics.
    123. Dragoljub Stojanov, 2013. "Ekonomski imperijalizam i ekonomska kakofonija," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 427-439.
    124. Buncic, Daniel & Melecky, Martin, 2014. "Equilibrium credit: The reference point for macroprudential supervisors," Journal of Banking & Finance, Elsevier, vol. 41(C), pages 135-154.
    125. Silvana Bartoletto & Bruno Chiarini & Elisabetta Marzano & Paolo Piselli, 2017. "Business Cycles, Credit Cycles, and Bank Holdings of Sovereign Bonds: Historical Evidence for Italy 1861-2013," Quaderni di storia economica (Economic History Working Papers) 43, Bank of Italy, Economic Research and International Relations Area.
    126. Catarina Lourenço Soares & Adelaide Maria de Sousa Figueiredo & Fernanda Otília de Sousa Figueiredo, 2014. "Analysis of Public, Private and Financial Sectors in European Countries Through the Statis Methodology," FEP Working Papers 541, Universidade do Porto, Faculdade de Economia do Porto.
    127. Mr. Jaromir Benes & Mr. Douglas Laxton & Mr. Joannes Mongardini, 2016. "Mitigating the Deadly Embrace in Financial Cycles: Countercyclical Buffers and Loan-to-Value Limits," IMF Working Papers 2016/087, International Monetary Fund.
    128. Michalis Nikiforos, 2013. "Employment Recovery? after the Great Recession," Economics Policy Note Archive 13-03, Levy Economics Institute.
    129. Falter, Alexander, 2019. "Macro to the rescue? An analysis of macroprudential instruments to regulate housing credit," Discussion Papers 25/2019, Deutsche Bundesbank.
    130. Grydaki, Maria & Bezemer, Dirk, 2013. "Did Credit Decouple from Output in the Great Moderation?," MPRA Paper 47424, University Library of Munich, Germany.
    131. Levine, Paul & Lima, Diana, 2015. "Policy mandates for macro-prudential and monetary policies in a new Keynesian framework," Working Paper Series 1784, European Central Bank.
    132. Giakas, Konstantinos, 2023. "Hysteresis, financial frictions and monetary policy," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    133. Atif R. Mian & Amir Sufi & Francesco Trebbi, 2012. "Resolving Debt Overhang: Political Constraints in the Aftermath of Financial Crises," NBER Working Papers 17831, National Bureau of Economic Research, Inc.
    134. William R. White, 2012. "Ultra easy monetary policy and the law of unintended consequences," Globalization Institute Working Papers 126, Federal Reserve Bank of Dallas.
    135. Gary B. Gorton, 2012. "Some Reflections on the Recent Financial Crisis," NBER Working Papers 18397, National Bureau of Economic Research, Inc.
    136. Concha Betrán & María A. Pons, 2013. "Understanding Spanish Financial crises, 1850-2000: What determined their severity?," Working Papers 0048, European Historical Economics Society (EHES).
    137. Franz Hamann & Rafael Hern�ndez & Luisa Silva & Fernando Tenjo G., 2014. "Leverage Pro-cyclicality and Bank Balance Sheet in Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 32(73), pages 50-76.
    138. RAMON-DANGLA, Remedios & YAÑEZ-MUÑOZ, Leonardo, 2018. "How The Public Spending On Defense Can Affect Business Survival? The Case Of Shipbuilding In Spain," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 18(2), pages 71-86.
    139. Fabio Verona & Manuel M. F. Martins & Inês Drumond, 2014. "Financial Shocks and Optimal Monetary Policy Rules," CEF.UP Working Papers 1402, Universidade do Porto, Faculdade de Economia do Porto.
    140. Fatás, Antonio & Mihov, Ilian, 2013. "Recoveries," CEPR Discussion Papers 9551, C.E.P.R. Discussion Papers.
    141. Leroi RAPUTSOANE, 2016. "Disaggregated Credit Extension and Financial Distress in South Africa," Journal of Economics Library, KSP Journals, vol. 3(2), pages 226-240, June.
    142. Veselin Draškovic, 2013. "Promocija knjige prof. dr. sc. Dragoljuba Stojanova: Ekonomska kriza i kriza ekonomske znanosti," Ekonomija Economics, Rifin d.o.o., vol. 19(2), pages 387-392.
    143. Stefania Villa, 2014. "Financial frictions in the Euro Area and the United States: a Bayesian assessment," BCAM Working Papers 1407, Birkbeck Centre for Applied Macroeconomics.
    144. Silvana Bartoletto & Bruno Chiarini & Elisabetta Marzano & Paolo Piselli, 2018. "Banking Crises and Boom-Bust Dynamics: Evidence for Italy (1861-2016)," CESifo Working Paper Series 6972, CESifo.
    145. Florian Peters & Doris Neuberger & Oliver Reinhardt & Adelinde Uhrmacher, 2022. "A basic macroeconomic agent-based model for analyzing monetary regime shifts," PLOS ONE, Public Library of Science, vol. 17(12), pages 1-39, December.
    146. Taylor, Alan M., 2012. "External Imbalances and Financial Crises," CEPR Discussion Papers 9255, C.E.P.R. Discussion Papers.
    147. Ignacio Hernando & Pedro del Río & Irene Pablos, 2015. "Adjustment and growth prospects in the developed economies," Economic Bulletin, Banco de España, issue MAR, pages 29-44, March.
    148. Ryan-Collins, Josh & Werner, Richard A. & Castle, Jennifer, 2016. "A half-century diversion of monetary policy? An empirical horse-race to identify the UK variable most likely to deliver the desired nominal GDP growth rate," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 43(C), pages 158-176.

  35. Travis J. Berge & Òscar Jordà, 2011. "A chronology of turning points in economic activity: Spain 1850-2011," Working Paper Series 2011-28, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Claudia Pacella, 2020. "Essays on Forecasting," ULB Institutional Repository 2013/307579, ULB -- Universite Libre de Bruxelles.
    2. Nezih Guner & Ezgi Kaya & Virginia Sánchez-Marcos, 2014. "Gender gaps in Spain: policies and outcomes over the last three decades," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(1), pages 61-103, March.
    3. Ricci L. Reber & Sarah J. Pack, 2014. "Methods of Temporal Disaggregation for Estimating Output of the Insurance Industry," BEA Working Papers 0115, Bureau of Economic Analysis.
    4. Mercè Sala-Rios & Teresa Torres-Solé & Mariona Farré-Perdiguer, 2016. "Credit and business cycles’ relationship: evidence from Spain," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 15(3), pages 149-171, December.
    5. Broadberry, Stephen & Lennard, Jason, 2024. "European business cycles and economic growth, 1300-2000," LSE Research Online Documents on Economics 123968, London School of Economics and Political Science, LSE Library.
    6. Miguel Angel Saldarriaga, 2017. "Credit Booms in Commodity Exporters," Working Papers 98, Peruvian Economic Association.
    7. Martínez-García, Enrique & Grossman, Valerie & Mack, Adrienne, 2015. "A contribution to the chronology of turning points in global economic activity (1980–2012)," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 170-185.
    8. Jéfferson A. Colombo & Martinho R. Lazzari, 2020. "Same, but different? A state-level chronology of the 2014-2016 Brazilian economic recession and comparisons with the GFC and (early data on) COVID-19," Economics Bulletin, AccessEcon, vol. 40(3), pages 2445-2456.
    9. Stephen Broadberry & Jagjit S. Chadha & Jason Lennard & Ryland Thomas, 2023. "Dating business cycles in the United Kingdom, 1700–2010," Economic History Review, Economic History Society, vol. 76(4), pages 1141-1162, November.
    10. Hanna, Alan J., 2018. "A top-down approach to identifying bull and bear market states," International Review of Financial Analysis, Elsevier, vol. 55(C), pages 93-110.

  36. Òscar Jordà & Alan M. Taylor, 2011. "Performance Evaluation of Zero Net-Investment Strategies," NBER Working Papers 17150, National Bureau of Economic Research, Inc.

    Cited by:

    1. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Working Papers 19506, National Bureau of Economic Research, Inc.
    2. Sarlin, Peter, 2013. "On policymakers' loss function and the evaluation of early warning systems," Working Paper Series 1509, European Central Bank.
    3. Buckmann, Marcus & Gallego Marquez, Paula & Gimpelewicz, Mariana & Kapadia, Sujit & Rismanchi, Katie, 2023. "The more the merrier? Evidence on the value of multiple requirements in bank regulation," Journal of Banking & Finance, Elsevier, vol. 149(C).
    4. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "The Great Mortgaging: Housing Finance, Crises, and Business Cycles," NBER Working Papers 20501, National Bureau of Economic Research, Inc.
    5. Christos Chrysanthakopoulos & Athanasios Tagkalakis, 2022. "The effects of fiscal institutions on fiscal adjustments," Working Papers 305, Bank of Greece.
    6. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Betting the house," Journal of International Economics, Elsevier, vol. 96(S1), pages 2-18.
    7. Taylor, Alan M. & Davis, Josh, 2019. "The Leverage Factor: Credit Cycles and Asset Returns," CEPR Discussion Papers 14115, C.E.P.R. Discussion Papers.
    8. Felipe Benguria & Alan M. Taylor, 2020. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," American Economic Review: Insights, American Economic Association, vol. 2(4), pages 509-526, December.
    9. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    10. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Leveraged bubbles," Working Paper Series 2015-10, Federal Reserve Bank of San Francisco.
    11. Jordà, Òscar & Taylor, Alan M., 2014. "The time for austerity: Estimating the average treatment effect of fiscal policy," SAFE Working Paper Series 79, Leibniz Institute for Financial Research SAFE.
    12. Cesa-Bianchi, Ambrogio & Martin, Fernando Eguren & Thwaites, Gregory, 2017. "Foreign booms, domestic busts: The global dimension of banking crises," LSE Research Online Documents on Economics 86166, London School of Economics and Political Science, LSE Library.
    13. Çakmaklı, Cem & van Dijk, Dick, 2016. "Getting the most out of macroeconomic information for predicting excess stock returns," International Journal of Forecasting, Elsevier, vol. 32(3), pages 650-668.
    14. Maas, Benedikt, 2019. "Nowcasting and forecasting US recessions: Evidence from the Super Learner," MPRA Paper 96408, University Library of Munich, Germany.
    15. Knut Are Aastveit & Andr K. Anundsen & Eyo I. Herstad, 2017. "Residential investment and recession predictability," Working Papers No 8/2017, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    16. Accominotti, Olivier & Chambers, David, 2016. "If you’re so smart: John Maynard Keynes and currency speculation in the interwar years," LSE Research Online Documents on Economics 64722, London School of Economics and Political Science, LSE Library.
    17. Jordà, Òscar & Taylor, Alan M., 2012. "The carry trade and fundamentals: Nothing to fear but FEER itself," Journal of International Economics, Elsevier, vol. 88(1), pages 74-90.
    18. Kirschenmann, Karolin & Malinen, Tuomas & Nyberg, Henri, 2016. "The risk of financial crises: Is there a role for income inequality?," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 161-180.
    19. Martínez-García, Enrique & Grossman, Valerie & Mack, Adrienne, 2015. "A contribution to the chronology of turning points in global economic activity (1980–2012)," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 170-185.
    20. Gaston Giordana & Michael H. Ziegelmeyer, 2022. "Using household-level data to guide borrower-based macro-prudential policy," BCL working papers 161, Central Bank of Luxembourg.
    21. Òscar Jordà, 2013. "Assessing the Historical Role of Credit: Business Cycles, Financial Crises, and the Legacy of Charles S. Peirce," Working Paper Series 2013-19, Federal Reserve Bank of San Francisco.
    22. Bruno Spilak & Wolfgang Karl Hardle, 2020. "Tail-risk protection: Machine Learning meets modern Econometrics," Papers 2010.03315, arXiv.org, revised Aug 2021.
    23. Liu, Weiling & Moench, Emanuel, 2016. "What predicts US recessions?," International Journal of Forecasting, Elsevier, vol. 32(4), pages 1138-1150.
    24. Mathias Drehmann & Claudio Borio & Kostas Tsatsaronis, 2011. "Anchoring Countercyclical Capital Buffers: The role of Credit Aggregates," International Journal of Central Banking, International Journal of Central Banking, vol. 7(4), pages 189-240, December.
    25. Karolin Kirschenmann & Tuomas Malinen & Henri Nyberg, 2014. "The risk of financial crises: Is it in real or financial factors?," Working Papers 336, ECINEQ, Society for the Study of Economic Inequality.
    26. Detken, Carsten & Weeken, Olaf & Alessi, Lucia & Bonfim, Diana & Boucinha, Miguel & Castro, Christian & Frontczak, Sebastian & Giordana, Gaston & Giese, Julia & Wildmann, Nadya & Kakes, Jan & Klaus, B, 2014. "Operationalising the countercyclical capital buffer: indicator selection, threshold identification and calibration options," ESRB Occasional Paper Series 5, European Systemic Risk Board.
    27. Bowen Fu, 2019. "Bubbles and crises: Replicating the Anundsen et al. (2016) results," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(5), pages 822-826, August.
    28. Marcus Buckmann & Paula Gallego Marquez & Mariana Gimpelewicz & Sujit Kapadia & Katie Rismanchi, 2021. "The more the merrier? Evidence from the global financial crisis on the value of multiple requirements in bank regulation," Bank of England working papers 905, Bank of England.
    29. Dick, Christian D. & MacDonald, Ronald & Menkhoff, Lukas, 2011. "Individual exchange rate forecasts and expected fundamentals," ZEW Discussion Papers 11-062, ZEW - Leibniz Centre for European Economic Research.

  37. Oscar Jorda & Hsieh Fushing & Shu-Chun Chen & Travis J. Berge, 2010. "A Chronology of International Business Cycles Through Non-parametric Decoding," Working Papers 216, University of California, Davis, Department of Economics.

    Cited by:

    1. Sergey V. Smirnov & Nikolai V. Kondrashov & Anna V. Petronevich, 2016. "Dating Cyclical Turning Points for Russia: Formal Methods and Informal Choices," HSE Working papers WP BRP 122/EC/2016, National Research University Higher School of Economics.
    2. Aastveit, Knut Are & Jore, Anne Sofie & Ravazzolo, Francesco, 2016. "Identification and real-time forecasting of Norwegian business cycles," International Journal of Forecasting, Elsevier, vol. 32(2), pages 283-292.
    3. Andrea Giusto & Jeremy Piger, 2013. "Nowcasting U.S. Business Cycle Turning Points with Vector Quantization," Working Papers daleconwp2013-02, Dalhousie University, Department of Economics.
    4. Adrian Pagan, 2013. "Patterns and Their Uses," NCER Working Paper Series 96, National Centre for Econometric Research.
    5. Giusto, Andrea & Piger, Jeremy, 2017. "Identifying business cycle turning points in real time with vector quantization," International Journal of Forecasting, Elsevier, vol. 33(1), pages 174-184.
    6. Travis J. Berge & Òscar Jordà, 2011. "A chronology of turning points in economic activity: Spain, 1850-2011," Research Working Paper RWP 11-14, Federal Reserve Bank of Kansas City.
    7. Sharma, Susan Sunila & Narayan, Paresh Kumar, 2022. "Technology shocks and stock returns: A long-term perspective," Journal of Empirical Finance, Elsevier, vol. 68(C), pages 67-83.
    8. Kroencke, Tim A., 2022. "Recessions and the stock market," Journal of Monetary Economics, Elsevier, vol. 131(C), pages 61-77.

  38. Marcellino, Massimiliano & Knüppel, Malte & Jordà , Òscar, 2010. "Empirical Simultaneous Confidence Regions for Path-Forecasts," CEPR Discussion Papers 7797, C.E.P.R. Discussion Papers.

    Cited by:

    1. Kung, Ko-Lun & MacMinn, Richard D. & Kuo, Weiyu & Tsai, Chenghsien Jason, 2022. "Multi-population mortality modeling: When the data is too much and not enough," Insurance: Mathematics and Economics, Elsevier, vol. 103(C), pages 41-55.
    2. Sinclair, Tara M. & Stekler, H.O., 2013. "Examining the quality of early GDP component estimates," International Journal of Forecasting, Elsevier, vol. 29(4), pages 736-750.
    3. Svetlana Makarova, 2014. "Risk and Uncertainty: Macroeconomic Perspective," UCL SSEES Economics and Business working paper series 129, UCL School of Slavonic and East European Studies (SSEES).
    4. Hans Christian Müller-Dröge & Tara M. Sinclair & Herman O. Stekler, 2014. "Evaluating Forecasts Of A Vector Of Variables: A German Forecasting Competition," Working Papers 2014-004, The George Washington University, The Center for Economic Research.
    5. Ilhan Kilic & Faruk Balli, 2024. "Measuring economic country-specific uncertainty in Türkiye," Empirical Economics, Springer, vol. 67(4), pages 1649-1689, October.
    6. Lee, Seohyun, 2017. "Three essays on uncertainty: real and financial effects of uncertainty shocks," MPRA Paper 83617, University Library of Munich, Germany.
    7. Petropoulos, Fotios & Apiletti, Daniele & Assimakopoulos, Vassilios & Babai, Mohamed Zied & Barrow, Devon K. & Ben Taieb, Souhaib & Bergmeir, Christoph & Bessa, Ricardo J. & Bijak, Jakub & Boylan, Joh, 2022. "Forecasting: theory and practice," International Journal of Forecasting, Elsevier, vol. 38(3), pages 705-871.
      • Fotios Petropoulos & Daniele Apiletti & Vassilios Assimakopoulos & Mohamed Zied Babai & Devon K. Barrow & Souhaib Ben Taieb & Christoph Bergmeir & Ricardo J. Bessa & Jakub Bijak & John E. Boylan & Jet, 2020. "Forecasting: theory and practice," Papers 2012.03854, arXiv.org, revised Jan 2022.
    8. Constantin Burgi, 2016. "What Do We Lose When We Average Expectations?," Working Papers 2016-013, The George Washington University, The Center for Economic Research.
    9. Sinclair, Tara M. & Stekler, H.O. & Carnow, Warren, 2015. "Evaluating a vector of the Fed’s forecasts," International Journal of Forecasting, Elsevier, vol. 31(1), pages 157-164.
    10. Knüppel, Malte, 2014. "Forecast-error-based estimation of forecast uncertainty when the horizon is increased," Discussion Papers 40/2014, Deutsche Bundesbank.
    11. Tara M. Sinclair & H.O. Stekler, 2011. "Differences in Early GDP Component Estimates Between Recession and Expansion," Working Papers 2011-05, The George Washington University, Institute for International Economic Policy.
    12. Giuseppe Cavaliere & Dimitris N. Politis & Anders Rahbek & Michael Wolf & Dan Wunderli, 2015. "Recent developments in bootstrap methods for dependent data," Journal of Time Series Analysis, Wiley Blackwell, vol. 36(3), pages 352-376, May.
    13. Hendry, David F. & Pretis, Felix, 2023. "Analysing differences between scenarios," International Journal of Forecasting, Elsevier, vol. 39(2), pages 754-771.
    14. Thomai Filippeli, 2011. "Theoretical Priors for BVAR Models & Quasi-Bayesian DSGE Model Estimation," 2011 Meeting Papers 396, Society for Economic Dynamics.
    15. Diego Fresoli, 2022. "Bootstrap VAR forecasts: The effect of model uncertainties," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(2), pages 279-293, March.
    16. Filippeli, Thomai & Harrison, Richard & Theodoridis, Konstantinos, 2018. "DSGE-based Priors for BVARs & Quasi-Bayesian DSGE Estimation," Cardiff Economics Working Papers E2018/5, Cardiff University, Cardiff Business School, Economics Section.
    17. Michael Wolf & Dan Wunderli, 2012. "Bootstrap joint prediction regions," ECON - Working Papers 064, Department of Economics - University of Zurich, revised May 2013.
    18. Filippeli, Thomai & Harrison, Richard & Theodoridis, Konstantinos, 2020. "DSGE-based priors for BVARs and quasi-Bayesian DSGE estimation," Econometrics and Statistics, Elsevier, vol. 16(C), pages 1-27.
    19. Gonçalves Mazzeu, Joao Henrique & Ruiz Ortega, Esther & Veiga, Helena, 2015. "Model uncertainty and the forecast accuracy of ARMA models: A survey," DES - Working Papers. Statistics and Econometrics. WS ws1508, Universidad Carlos III de Madrid. Departamento de Estadística.
    20. Tara M. Sinclair & H.O. Stekler & Warren Carnow, 2012. "A New Approach For Evaluating Economic Forecasts," Working Papers 2012-004, The George Washington University, The Center for Economic Research.

  39. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2010. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," NBER Working Papers 16567, National Bureau of Economic Research, Inc.

    Cited by:

    1. Zuzana Rakovska & Dominika Ehrenbergerova & Martin Hodula, 2020. "The Power of Sentiment: Irrational Beliefs of Households and Consumer Loan Dynamics," Working Papers 2020/10, Czech National Bank, Research and Statistics Department.
    2. Sbrana, Giacomo & Silvestrini, Andrea, 2020. "Forecasting with the damped trend model using the structural approach," International Journal of Production Economics, Elsevier, vol. 226(C).
    3. Fabrizio Perri & Vincenzo Quadrini, 2011. "International Recessions," NBER Working Papers 17201, National Bureau of Economic Research, Inc.
    4. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Working Papers 19506, National Bureau of Economic Research, Inc.
    5. Valentina Aprigliano & Danilo Liberati, 2019. "Using credit variables to date business cycle and to estimate the probabilities of recession in real time," Temi di discussione (Economic working papers) 1229, Bank of Italy, Economic Research and International Relations Area.
    6. Kalatie, Simo & Laakkonen, Helinä & Tölö, Eero, 2015. "Indicators used in setting the countercyclical capital buffer," Bank of Finland Research Discussion Papers 8/2015, Bank of Finland.
    7. Punzi, Maria Teresa, 2016. "Financial cycles and co-movements between the real economy, finance and asset price dynamics in large-scale crises," FinMaP-Working Papers 61, Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents.
    8. Daniela Marchettini & Mr. Rodolfo Maino, 2015. "Systemic Risk Assessment in Low Income Countries: Balancing Financial Stability and Development," IMF Working Papers 2015/190, International Monetary Fund.
    9. Mathias Drehmann, 2013. "Evaluating early warning indicators of banking crises: Satisfying policy requirements," BIS Working Papers 421, Bank for International Settlements.
    10. Sarlin, Peter, 2013. "On policymakers' loss function and the evaluation of early warning systems," Working Paper Series 1509, European Central Bank.
    11. Mikel Bedayo & Gabriel Jiménez & José-Luis Peydró & Raquel Vegas, 2020. "Screening and loan origination time: lending standards, loan defaults and bank failures," Working Papers 2037, Banco de España.
    12. Norman Loayza & Amine Ouazad & Romain Ranciere, 2017. "Financial Development, Growth, and Crisis: Is There a Trade-Off?," Working Papers 114, Peruvian Economic Association.
    13. Guarin, Alexander & Lozano, Ignacio, 2017. "Credit funding and banking fragility: A forecasting model for emerging economies," Emerging Markets Review, Elsevier, vol. 32(C), pages 168-189.
    14. Calderón, César & Kubota, Megumi, 2013. "Sudden stops: Are global and local investors alike?," Journal of International Economics, Elsevier, vol. 89(1), pages 122-142.
    15. Hakan Kara, 2016. "A brief assessment of Turkey's macroprudential policy approach : 2011–2015," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 16(3), pages 85-92.
    16. António R. Antunes & Diana Bonfim & Nuno Monteiro & Paulo M.M. Rodrigues, 2016. "Forecasting banking crises with dynamic panel probit models," Working Papers w201613, Banco de Portugal, Economics and Research Department.
    17. Saktinil Roy & David M. Kemme, 2022. "Are capital inflow bonanzas a common precursor to banking crises? A categorical data analysis," The World Economy, Wiley Blackwell, vol. 45(10), pages 3192-3223, October.
    18. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2011. "When credit bites back: leverage, business cycles, and crises," Working Paper Series 2011-27, Federal Reserve Bank of San Francisco.
    19. Schularick, Moritz, 2012. "Public debt and financial crises in the twentieth century," Discussion Papers 2012/1, Free University Berlin, School of Business & Economics.
    20. A.Hakan KARA, 2012. "Küresel kriz sonrası para politikası," Iktisat Isletme ve Finans, Bilgesel Yayincilik, vol. 27(315), pages 09-36.
    21. Alexander Guarín-López & Ignacio Lozano-Espitia, 2016. "Credit Funding and Banking Fragility: An Empirical Analysis for Emerging Economies," Borradores de Economia 931, Banco de la Republica de Colombia.
    22. Mariam Camarero & María Dolores Gadea-Rivas & Ana Gómez-Loscos & Cecilio Tamarit, 2019. "External imbalances and recoveries," Working Papers 1912, Department of Applied Economics II, Universidad de Valencia.
    23. Mikkel Hermansen & Oliver Röhn, 2015. "Economic resilience: The usefulness of early warning indicators in OECD countries," OECD Economics Department Working Papers 1250, OECD Publishing.
    24. Roy, Saktinil & Kemme, David M., 2012. "Causes of banking crises: Deregulation, credit booms and asset bubbles, then and now," International Review of Economics & Finance, Elsevier, vol. 24(C), pages 270-294.
    25. Sun, Yunpeng & Gozgor, Giray & Lau, Chi Keung Marco & Soliman, Alaa M., 2025. "Inclusive finance and sustainability: The dynamic spillover effects of uncertainties on access to credit," Research in International Business and Finance, Elsevier, vol. 73(PA).
    26. Frédéric Boissay & Fabrice Collard & Frank Smets, 2016. "Booms and Banking Crises," Journal of Political Economy, University of Chicago Press, vol. 124(2), pages 489-538.
    27. Rémi Bazillier & Jérôme Héricourt & Samuel Ligonnière, 2021. "Structure of income inequality and household leverage : Cross-country causal evidence," Post-Print halshs-03099741, HAL.
    28. Evangelia Papapetrou & Pinelopi Tsalaporta, 2018. "Macroeconomic outcomes, collective bargaining and intersectoral productivity differentials: a panel approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 45(4), pages 765-799, November.
    29. Patty Duijm, 2022. "Foreign‐funded credit: Funding the credit cycle?," International Finance, Wiley Blackwell, vol. 25(2), pages 167-182, August.
    30. Nick Gallent & Dan Durrant & Neil May, 2017. "Housing supply, investment demand and money creation: A comment on the drivers of London’s housing crisis," Urban Studies, Urban Studies Journal Limited, vol. 54(10), pages 2204-2216, August.
    31. Jakubik, Petr & Moinescu, Bogdan, 2015. "Assessing optimal credit growth for an emerging banking system," Economic Systems, Elsevier, vol. 39(4), pages 577-591.
    32. José Alves & Rita Pereira, 2017. "The Portuguese Households' Indebtedness," Working Papers Department of Economics 2017/07, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    33. Gregory Bauer, 2014. "International House Price Cycles, Monetary Policy and Risk Premiums," Staff Working Papers 14-54, Bank of Canada.
    34. Mathias Drehmann & James Yetman, 2021. "Which Credit Gap Is Better at Predicting Financial Crises? A Comparison of Univariate Filters," International Journal of Central Banking, International Journal of Central Banking, vol. 17(70), pages 1-31, October.
    35. Constantinescu, Mihnea & Nguyen, Anh Dinh Minh, 2021. "A century of gaps: Untangling business cycles from secular trends," Economic Modelling, Elsevier, vol. 100(C).
    36. Vonnák, Dzsamila, 2018. "Why do firms default on their foreign currency loans? The case of Hungary," Journal of International Money and Finance, Elsevier, vol. 86(C), pages 207-222.
    37. Gomes, João F. & Grotteria, Marco & Wachter, Jessica A., 2023. "Foreseen risks," Journal of Economic Theory, Elsevier, vol. 212(C).
    38. Catullo, Ermanno & Gallegati, Mauro & Palestrini, Antonio, 2015. "Towards a credit network based early warning indicator for crises," Journal of Economic Dynamics and Control, Elsevier, vol. 50(C), pages 78-97.
    39. A. Kara, 2013. "Monetary Policy after the Global Crisis," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 41(1), pages 51-74, March.
    40. Oliveira, Fernando Nascimento de, 2016. "Financial and Real Sector Leading Indicators of Recessions in Brazil Using Probabilistic Models," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 70(3), September.
    41. Pisicoli, Beniamino, 2023. "Financial development, diversity, and economic stability: Micro and systemic evidence," International Economics, Elsevier, vol. 175(C), pages 187-200.
    42. Gozgor, Giray, 2014. "Determinants of domestic credit levels in emerging markets: The role of external factors," Emerging Markets Review, Elsevier, vol. 18(C), pages 1-18.
    43. Obstfeld, Maurice, 2011. "Financial Flows, Financial Crises, and Global Imbalances," CEPR Discussion Papers 8611, C.E.P.R. Discussion Papers.
    44. Hodula, Martin & Pfeifer, Lukáš & Janků, Jan, 2022. "The effect of structural risks on financial downturns," ESRB Working Paper Series 138, European Systemic Risk Board.
    45. Ms. Aleksandra Zdzienicka & Ms. Sally Chen & Federico Diaz Kalan & Stefan Laseen & Katsiaryna Svirydzenka, 2015. "Effects of Monetary and Macroprudential Policies on Financial Conditions: Evidence from the United States," IMF Working Papers 2015/288, International Monetary Fund.
    46. Brandão-Marques, Luis & Chen, Qianying & Raddatz, Claudio & Vandenbussche, Jérôme & Xie, Peichu, 2022. "The riskiness of credit allocation and financial stability," Journal of Financial Intermediation, Elsevier, vol. 51(C).
    47. Barnichon, Regis & Matthes, Christian & Ziegenbein, Alexander, 2016. "Assessing the Non-Linear Effects of Credit Market Shocks," CEPR Discussion Papers 11410, C.E.P.R. Discussion Papers.
    48. Hakan Kara & Hande Kucuk & Tolga Tiryaki & Canan Yuksel, 2014. "In Search of a Reasonable Credit Growth Rate for Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 14(1), pages 1-14.
    49. Amat Adarov, 2019. "Financial Cycles in Europe: Dynamics, Synchronicity and Implications for Business Cycles and Macroeconomic Imbalances," wiiw Working Papers 166, The Vienna Institute for International Economic Studies, wiiw.
    50. Michel Alexandre & Gilberto Tadeu Lima, 2020. "Combining monetary policy and prudential regulation: an agent-based modeling approach," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 15(2), pages 385-411, April.
    51. Luigi Bonatti & Andrea Fracasso, 2012. "A Germans� dilemma: save the euro or preserve their socio-economic model," Department of Economics Working Papers 1207, Department of Economics, University of Trento, Italia.
    52. Moreno Ibáñez, Antonio & Ongena, Steven & Ventula Veghazy, Alexia & Wagner, Alexander F., 2022. "“Long GFC†? The Global Financial Crisis, Health Care, and COVID-19 Deaths," CEPR Discussion Papers 15900, C.E.P.R. Discussion Papers.
    53. Bhatt, Vipul & Kishor, N. Kundan, 2022. "Role of credit and expectations in house price dynamics," Finance Research Letters, Elsevier, vol. 50(C).
    54. Fernando N. de Oliveira, 2015. "Financial and Real Sector Leading Indicators of Recessions in Brazil using Probabilistic Models," Working Papers Series 402, Central Bank of Brazil, Research Department.
    55. Ghassan, Hassan B. & Drissi, Ramzi, 2016. "Intertemporal Modeling of the Current Account," MPRA Paper 96729, University Library of Munich, Germany, revised 2018.
    56. Török, Ádám, 2011. "Intézményépítés a túlzott államadósság elleni védekezés érdekében [Building institutions to guard against excessive state debt]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 577-591.
    57. Demir, Müge & Önder, Zeynep, 2019. "Financial connectivity and excessive liquidity: Benefit or risk?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 62(C), pages 203-221.
    58. Miguel Fuentes D. & Diego Saravia, 2014. "Tales of Two Recessions in Chile: Financial Frictions in 1999 and 2009," Central Banking, Analysis, and Economic Policies Book Series, in: Miguel Fuentes D. & Claudio E. Raddatz & Carmen M. Reinhart (ed.),Capital Mobility and Monetary Policy, edition 1, volume 18, chapter 5, pages 137-163, Central Bank of Chile.
    59. Andreas Hoffmann, 2014. "Zero-interest Rate Policy and Unintended Consequences in Emerging Markets," The World Economy, Wiley Blackwell, vol. 37(10), pages 1367-1387, October.
    60. Felipe Benguria & Alan M. Taylor, 2020. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," American Economic Review: Insights, American Economic Association, vol. 2(4), pages 509-526, December.
    61. Bespalova, Olga, 2018. "Forecast Evaluation in Macroeconomics and International Finance. Ph.D. thesis, George Washington University, Washington, DC, USA," MPRA Paper 117706, University Library of Munich, Germany.
    62. Maurice Obstfeld, 2012. "Does the Current Account Still Matter?," NBER Working Papers 17877, National Bureau of Economic Research, Inc.
    63. Fabiani, Andrea & Piñeros, Martha López & Peydró, José-Luis & Soto, Paul E., 2022. "Capital controls, domestic macroprudential policy and the bank lending channel of monetary policy," Journal of International Economics, Elsevier, vol. 139(C).
    64. Casabianca, Elizabeth Jane & Catalano, Michele & Forni, Lorenzo & Giarda, Elena & Passeri, Simone, 2022. "A machine learning approach to rank the determinants of banking crises over time and across countries," Journal of International Money and Finance, Elsevier, vol. 129(C).
    65. Michael D. Bordo, 2017. "An historical perspective on financial stability and monetary policy regimes: A case for caution in central banks current obsession with financial stability," Working Paper 2018/5, Norges Bank.
    66. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2013. "When Credit Bites Back," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(s2), pages 3-28, December.
    67. Gabriel P. Mathy, 2015. "Hysteresis and Persistent Long-Term Unemployment: Lessons from the Great Depression and World War II," Working Papers 2015-02, American University, Department of Economics.
    68. Meller, Barbara & Metiu, Norbert, 2017. "The synchronization of credit cycles," Journal of Banking & Finance, Elsevier, vol. 82(C), pages 98-111.
    69. Feldkircher, Martin, 2014. "The determinants of vulnerability to the global financial crisis 2008 to 2009: Credit growth and other sources of risk," Journal of International Money and Finance, Elsevier, vol. 43(C), pages 19-49.
    70. Kajal Lahiri & Liu Yang, 2018. "Confidence Bands for ROC Curves With Serially Dependent Data," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 36(1), pages 115-130, January.
    71. Sotirios Kokas & Dmitri Vinogradov & Marios Zachariadis, 2018. "Which Banks Smooth and at What Price?," Working Papers 2018_03, Business School - Economics, University of Glasgow.
    72. M. Zharikov & М. Жариков, 2018. "Инструменты реформы мировой валютной системы: интернационализация валют стран БРИКС // The Instruments to Reform the World System of Currencies: Internationalising the Currencies of the BRICS," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 6(3), pages 19-28.
    73. Huber, Joseph, 2017. "Geldsicherheit und stabilere Finanzen durch Vollgeld," IBF Paper Series 17-17, IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main.
    74. Bjorn Richter & Moritz Schularick & Paul Wachtel, 2018. "When to Lean Against the Wind," Working Papers 18-10, New York University, Leonard N. Stern School of Business, Department of Economics.
    75. German Forero-Laverde, 2016. "Are All Booms and Busts Created Equal? A New Methodology for Understanding Bull and Bear Stock Markets," UB School of Economics Working Papers 2016/339, University of Barcelona School of Economics.
    76. Juan Sebasti�n Amador Torres & Jos� Eduardo G�mez G. & Andr�s Murcia Pab�n, 2013. "Loans Growth and Banks� Risk: New Evidence," Borradores de Economia 10710, Banco de la Republica.
    77. Chung‐Hua Shen & Hsing‐Hua Hsu, 2022. "The determinants of Asian banking crises—Application of the panel threshold logit model," International Review of Finance, International Review of Finance Ltd., vol. 22(1), pages 248-277, March.
    78. Ernaningsih, Indria & Smaoui, Houcem & Temimi, Akram, 2023. "The effect of capitalization on the competition-stability Nexus: Evidence from dual banking systems," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    79. López, Tania & Winkler, Adalbert, 2019. "Does financial inclusion mitigate credit boom-bust cycles?," Journal of Financial Stability, Elsevier, vol. 43(C), pages 116-129.
    80. Oleksiy Kryvtsov & Miguel Molico & Ben Tomlin, 2015. "On the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research," Discussion Papers 15-7, Bank of Canada.
    81. Andrej Sokol & Michael Kumhof & Marco Pinchetti & Phurichai Rungcharoenkitkul, 2023. "CBDC policies in open economies," BIS Working Papers 1086, Bank for International Settlements.
    82. Lukasz Goczek, 2011. "Federal Policy Responses To The 2007-2009 Credit Crunch In The Us," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 6(3), pages 27-42, September.
    83. Tiago Pinheiro & Francisco Rivadeneyra & Marc Teignier, 2017. "Financial Development, Credit, and Business Cycles," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1653-1665, October.
    84. Giannetti, Mariassunta & Jang, Yeejin, 2021. "Who Lends Before Banking Crises? Evidence from the International Syndicated Loan Market," CEPR Discussion Papers 15737, C.E.P.R. Discussion Papers.
    85. Schlegl, Matthias & Illing, Gerhard & Ono, Yoshiyasu, 2017. "Asset Prices and Leverage in a Model of Persistent Stagnation," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168174, Verein für Socialpolitik / German Economic Association.
    86. Martin Hodula & Jan Janku & Lukas Pfeifer, 2021. "Interaction of Cyclical and Structural Systemic Risks: Insights from Around and After the Global Financial Crisis," Research and Policy Notes 2021/03, Czech National Bank, Research and Statistics Department.
    87. Masciandaro, Donato & Russo, Riccardo, 2024. "Monetary and macroprudential policies: How to Be green? A political-economy approach," Economic Modelling, Elsevier, vol. 141(C).
    88. Calderon, Cesar & Kubota, Megumi, 2012. "Gross inflows gone wild : gross capital inflows, credit booms and crises," Policy Research Working Paper Series 6270, The World Bank.
    89. P. Butzen & M. Deroose & S. Ide, 2014. "Global imbalances and gross capital flows," Economic Review, National Bank of Belgium, issue ii, pages 39-60, September.
    90. Lo Duca, Marco & Koban, Anne & Basten, Marisa & Bengtsson, Elias & Klaus, Benjamin & Kusmierczyk, Piotr & Lang, Jan Hannes & Detken, Carsten & Peltonen, Tuomas, 2017. "A new database for financial crises in European countries," Occasional Paper Series 194, European Central Bank.
    91. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2015. "Going to Extremes: Politics after Financial Crises, 1870-2014," CESifo Working Paper Series 5553, CESifo.
    92. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Martha López Piñeros & Andrea Fabiani & Paul E. Soto & José-Luis Peydró, 2022. "Capital Controls, Corporate Debt and Real Effects," Working Papers 1339, Barcelona School of Economics.
    93. M. Zharikov & М. Жариков В., 2018. "Российский рубль в региональной и глобальной динамике // The Russian Rouble in the Regional and Global Dynamics," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 6(4), pages 6-17.
    94. Kumhof, Michael, 2025. "The Chicago Plan Revisited - Debt-free Money, Growth, and Stability," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325358, Verein für Socialpolitik / German Economic Association.
    95. Olivier Coibion & Yuriy Gorodnichenko & Dmitri Koustas, 2013. "Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence," NBER Working Papers 19600, National Bureau of Economic Research, Inc.
    96. Juan Guillermo Bedoya Ospina, 2017. "Ciclos de crédito, liquidez global y regímenes monetarios: una aproximación para América Latina," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, vol. 78.
    97. Rémi Bazillier & Jérôme Hericourt, 2014. "The Circulare Relationship between inequality, Leverage and Financial Crisis," Working Papers halshs-01204821, HAL.
    98. Valery F. Anisimov & Yuri V. Truntsevsky & Valery V. Bessel & Saltanat Yessetova, 2020. "Prospects of Development of the Oil Industry in the Global Economy and in the Regional Economies," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 265-279.
    99. Rey, Hélène & ,, 2017. "Financial Cycles with Heterogeneous Intermediaries," CEPR Discussion Papers 11907, C.E.P.R. Discussion Papers.
    100. CIMPOERU Smaranda, 2016. "European Economies Facing The Global Financial Crisis: Are Emerging Economies More Vulnerable Than Advanced Ones?," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 68(2), pages 69-85, September.
    101. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Macrofinancial History and the New Business Cycle Facts," NBER Working Papers 22743, National Bureau of Economic Research, Inc.
    102. Wojnilower, Joshua, 2018. "On credit and output: Is the supply of credit relevant?," The North American Journal of Economics and Finance, Elsevier, vol. 45(C), pages 38-56.
    103. Ambrogio Cesa-Bianchi & Michael Kumhof & Andrej Sokol & Gregory Thwaites, 2019. "Towards a new monetary theory of exchange rate determination," Bank of England working papers 817, Bank of England.
    104. Klein, Paul-Olivier & Turk-Ariss, Rima, 2022. "Bank capital and economic activity," Journal of Financial Stability, Elsevier, vol. 62(C).
    105. Tran Huynh & Silke Uebelmesser, 2022. "Early warning models for systemic banking crises: can political indicators improve prediction?," Jena Economics Research Papers 2022-007, Friedrich-Schiller-University Jena.
    106. Todorović Miloš & Marković Ivan & Grahovac Dijana, 2019. "Overcoming the Effects of Restrictive Fiscal Policy: The Case of Argentina and Serbia," Economic Themes, Sciendo, vol. 57(2), pages 165-179, June.
    107. Joshua Duarte & João Sousa Andrade & Pedro Bação, 2023. "Dynamic effects of financial development on economic activity," Applied Economics, Taylor & Francis Journals, vol. 55(29), pages 3329-3346, June.
    108. Bilge Erten & Anton Korinek & José Antonio Ocampo, 2019. "Capital Controls: Theory and Evidence," NBER Working Papers 26447, National Bureau of Economic Research, Inc.
    109. Ward, Felix, 2014. "Spotting the Danger Zone - Forecasting Financial Crises with Classification Tree Ensembles and Many Predictors," Bonn Econ Discussion Papers 01/2014, University of Bonn, Bonn Graduate School of Economics (BGSE).
    110. A. Hakan Kara, 2012. "Monetary Policy in Turkey After the Global Crisis," Working Papers 1217, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    111. Riccardo Fiorentini, 2011. "Global Imbalances, the International Crisis and the Role of the Dollar," Working Papers 18/2011, University of Verona, Department of Economics.
    112. Luis Angeles, 2020. "Four Phases in the History of Money," Working Papers 2020_24, Business School - Economics, University of Glasgow.
    113. Haakon Kavli & Nicola Viegi, 2017. "Are Determinants of Portfolio Flows Always the Same? - South African Results from a Time Varying Parameter Var Model," South African Journal of Economics, Economic Society of South Africa, vol. 85(1), pages 3-27, March.
    114. Soyoung Kim & Aaron Mehrotra, 2019. "Examining macroprudential policy and its macroeconomic effects - some new evidence," BIS Working Papers 825, Bank for International Settlements.
    115. Michael Kumhof & Phurichai Rungcharoenkitkul & Andrej Sokol, 2020. "How does international capital flow?," Bank of England working papers 884, Bank of England.
    116. Agarwal, Manmohan & Walsh, Sean & Wang, Jing & Whalley, John & Yan, Chen, 2013. "Expected worsening or improving financial instability and the 2008 financial crisis," The North American Journal of Economics and Finance, Elsevier, vol. 26(C), pages 92-105.
    117. Martin Hodula & Simona Malovana & Jan Frait, 2019. "Too Much of a Good Thing? Households' Macroeconomic Conditions and Credit Dynamics," Working Papers 2019/11, Czech National Bank, Research and Statistics Department.
    118. Mehdi El Herradi & Aurélien Leroy, 2022. "The rich, poor, and middle class: Banking crises and income distribution," Post-Print hal-03770620, HAL.
    119. Emmanuel Caiazzo, 2025. "Systemic banking crises in complex economies," Mo.Fi.R. Working Papers 190, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    120. M. Zharikov & М. Жариков, 2019. "Москва как новый офшорный центр юаня // Moscow to be a New Offshore Centre of the Yuan," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 7(1), pages 6-18.
    121. Eidenberger, Judith & Neudorfer, Benjamin & Sigmund, Michael & Stein, Ingrid, 2014. "What predicts financial (in)stability? A Bayesian approach," Discussion Papers 36/2014, Deutsche Bundesbank.
    122. Carlos A. Carrasco & Felipe Serrano, 2014. "Global and European Imbalances:A critical review," Working papers wpaper42, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    123. Branimir Jovanovic & Egzona Hani & Ljupka Georgievska, 2017. "Post-crisis credit slowdown in South-East Europe: return to normality?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 44(4), pages 733-780, November.
    124. Arvind Krishnamurthy & Tyler Muir, 2017. "How Credit Cycles across a Financial Crisis," NBER Working Papers 23850, National Bureau of Economic Research, Inc.
    125. Zuzana Košťálová & Eva Horvátová & Štefan Lyócsa & Peter Gernát, 2022. "New Credit Drivers: Results from a Small Open Economy," Eastern European Economics, Taylor & Francis Journals, vol. 60(1), pages 79-112, January.
    126. Puriya Abbassi & Falk Bräuning & Falko Fecht & José-Luis Peydró, 2017. "International financial integration, crises and monetary policy: evidence from the Euro area interbank crises," Economics Working Papers 1566, Department of Economics and Business, Universitat Pompeu Fabra.
    127. Ekinci, Mehmet Fatih & Omay, Tolga, 2020. "Current account and credit growth: The role of household credit and financial depth," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    128. Dan Costin NIŢESCU & Florin Alexandru DUNĂ & Adriana Daniela CIUREL, 2020. "Banking sector and bank liquidity – key actors within financial crises?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(623), S), pages 147-168, Summer.
    129. Roy, Saktinil & Kemme, David M., 2020. "The run-up to the global financial crisis: A longer historical view of financial liberalization, capital inflows, and asset bubbles," International Review of Financial Analysis, Elsevier, vol. 69(C).
    130. Andrew Lee-Poy, 2018. "Characterizing the Canadian Financial Cycle with Frequency Filtering Approaches," Staff Analytical Notes 2018-34, Bank of Canada.
    131. Bluedorn, John C. & Decressin, Jörg & Terrones, Marco E., 2016. "Do asset price drops foreshadow recessions?," International Journal of Forecasting, Elsevier, vol. 32(2), pages 518-526.
    132. Marcus Buckmann & Andy Haldane & Anne-Caroline Hüser, 2021. "Comparing minds and machines: implications for financial stability," Bank of England working papers 937, Bank of England.
    133. José-Luis Peydró [AP BACKUP – NOW EXTERNAL] & Falko Fecht & Falk Brauning & Puriya Abbassi & José-Luis Peydró, 2017. "International Financial Integration, Crises and Monetary Policy: Cross-Border Interbank Lending During the Euro Crises," Working Papers 965, Barcelona School of Economics.
    134. Paraskevi K. Salamaliki & Ioannis A. Venetis, 2024. "Fiscal Space and Policy Response to Financial Crises: Market Access and Deficit Concerns," Open Economies Review, Springer, vol. 35(2), pages 323-361, April.
    135. Can Xu & Jan P. A. M. Jacobs & Jakob de Haan, 2023. "Does Household Borrowing Reduce the Trade Balance? Evidence from Developing and Developed Countries," Open Economies Review, Springer, vol. 34(4), pages 759-787, September.
    136. Arvind Krishnamurthy & Wenhao Li, 2020. "Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment," NBER Working Papers 27088, National Bureau of Economic Research, Inc.
    137. Ohnsorge, Franziska & Koh, Wee Chian & Kose, M. Ayhan & Nagle, Peter & Sugawara, Naotaka, 2020. "Debt and Financial Crises," CEPR Discussion Papers 14442, C.E.P.R. Discussion Papers.
    138. Pérez-Quirós, Gabriel & Gadea Rivas, Maria Dolores & Gomez-Loscos, Ana, 2015. "The Great Moderation in historical perspective.Is it that great?," CEPR Discussion Papers 10825, C.E.P.R. Discussion Papers.
    139. Simona Malovaná & Martin Hodula & Zuzana Gric & Josef Bajzík, 2025. "Borrower‐based macroprudential measures and credit growth: How biased is the existing literature?," Journal of Economic Surveys, Wiley Blackwell, vol. 39(1), pages 66-102, February.
    140. Zorobabel Bicaba & Daniel Kapp & Francesco Molteni, 2011. "Stability periods between financial crises : The role of macroeconomic fundamentals and crises management policies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00639869, HAL.
    141. Martin Feldkircher & Thomas Gruber & Isabella Moder, 2014. "Using a Threshold Approach to Flag Vulnerabilities in CESEE Economies," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 8-30.
    142. Ms. Sally Chen & Minsuk Kim & Marijn Otte & Kevin Wiseman & Ms. Aleksandra Zdzienicka, 2015. "Private Sector Deleveraging and Growth Following Busts," IMF Working Papers 2015/035, International Monetary Fund.
    143. Riccardo Fiorentini & Guido Montani, 2012. "The New Global Political Economy," Books, Edward Elgar Publishing, number 14443.
    144. Donato Masciandaro & Riccardo Russo, 2022. "Central Banks and Climate Policy: Unpleasant Trade–Offs? A Principal–Agent Approach," BAFFI CAREFIN Working Papers 22181, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    145. Victor Mendes & Andrea Amaral & Margarida Abreu, 2014. "The Spatial Probit Model – An Application to the Study of Banking Crises at the End of the 90’s," EcoMod2014 6623, EcoMod.
    146. Mourouzidou-Damtsa, Stella & Milidonis, Andreas & Stathopoulos, Konstantinos, 2019. "National culture and bank risk-taking," Journal of Financial Stability, Elsevier, vol. 40(C), pages 132-143.
    147. Channarith Meng & Roberto Leon Gonzalez, 2017. "Credit Booms in Developing Countries: Are They Different from Those in Advanced and Emerging Market Countries?," Open Economies Review, Springer, vol. 28(3), pages 547-579, July.
    148. Gunther Tichy, 2020. "Zur Prognostizierbarkeit von Krisen," WIFO Monatsberichte (monthly reports), WIFO, vol. 93(3), pages 193-206, March.
    149. Ray Barrell & Karim Dilruba, 2020. "Bank capital: excess credit and crisis incidence," Post-Print hal-03606037, HAL.
    150. Catão, Luis A.V. & Milesi-Ferretti, Gian Maria, 2014. "External liabilities and crises," Journal of International Economics, Elsevier, vol. 94(1), pages 18-32.
    151. Selim Elekdag & Yiqun Wu, 2013. "Rapid Credit Growth in Emerging Markets: Boon or Boom-Bust?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 49(5), pages 45-62, September.
    152. Levieuge, Grégory & Lucotte, Yannick & Pradines-Jobet, Florian, 2021. "The cost of banking crises: Does the policy framework matter?," Journal of International Money and Finance, Elsevier, vol. 110(C).
    153. Eberhardt, Markus, 2018. "(At Least) Four Theories for Sovereign Default," CEPR Discussion Papers 13084, C.E.P.R. Discussion Papers.
    154. Comín, Francisco & Cuevas, Joaquim, 2017. "The Deadly Embrace Between The Banks And The State In Spain, 1850-2015," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 35(3), pages 387-414, December.
    155. Beutel, Johannes & List, Sophia & von Schweinitz, Gregor, 2019. "Does machine learning help us predict banking crises?," Journal of Financial Stability, Elsevier, vol. 45(C).
    156. Mr. Selim A Elekdag & Mr. Yiqun Wu, 2011. "Rapid Credit Growth: Boon or Boom-Bust?," IMF Working Papers 2011/241, International Monetary Fund.
    157. Ruiz Claudia & Roldán-Peña Jessica & Peydró José-Luis & Morais Bernardo, 2017. "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects," Working Papers 2017-15, Banco de México.
    158. José-Luis Peydró, 2013. "Comment," NBER Macroeconomics Annual, University of Chicago Press, vol. 27(1), pages 420-428.
    159. Ansell, Ben & Broz, Lawrence, 2015. "Global capital markets, housing prices, and partisan fiscal policies," LSE Research Online Documents on Economics 60930, London School of Economics and Political Science, LSE Library.
    160. Pierre L. Siklos, 2020. "Looking into the Rear-View Mirror: Lessons from Japan for the Eurozone and the U.S?," IMES Discussion Paper Series 20-E-02, Institute for Monetary and Economic Studies, Bank of Japan.
    161. Oana Peia, 2017. "Banking Crises and Investments in Innovation," Working Papers 201727, School of Economics, University College Dublin.
    162. Laeven, Luc & Baron, Matthew & Penasse, Julien & Usenko, Yevhenii, 2021. "Investing in Crises," CEPR Discussion Papers 15858, C.E.P.R. Discussion Papers.
    163. Ebrahimi Kahou, Mahdi & Lehar, Alfred, 2017. "Macroprudential policy: A review," Journal of Financial Stability, Elsevier, vol. 29(C), pages 92-105.
    164. Braun, Matías & Marcet, Francisco & Raddatz, Claudio, 2024. "The good, the bad, and the not-so-ugly of credit booms?: capital allocation and financial constraints," Journal of Banking & Finance, Elsevier, vol. 161(C).
    165. Xavier Freixas, 2018. "Credit Growth, Rational Bubbles and Economic Efficiency," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(1), pages 87-104, March.
    166. Jean-Pierre Andre, 2011. "Economic Imbalances: New Zealand's Structural Challenge," Treasury Working Paper Series 11/03, New Zealand Treasury.
    167. Claudio Borio, 2014. "The international monetary and financial system: its Achilles heel and what to do about it," Globalization Institute Working Papers 203, Federal Reserve Bank of Dallas.
    168. Kovács, Bernadett & Csuka, Gyöngyi, 2012. "The role of independent fiscal institutions in managing the European sovereign debt crisis: The case of the United Kingdom, Germany and Poland," MPRA Paper 40354, University Library of Munich, Germany.
    169. Afonso, António & Blanco-Arana, M. Carmen, 2022. "Financial and economic development in the context of the global 2008-09 financial crisis," International Economics, Elsevier, vol. 169(C), pages 30-42.
    170. Ghassan, Hassan B. & Al-Jefri, Essam H., 2015. "الحساب الجاري في المدى البعيد عبر نموذج داخلي الزمن [The Current Account in the Long Run through the Intertemporal Model]," MPRA Paper 66527, University Library of Munich, Germany.
    171. Kim Ristolainen & Tomi Roukka & Henri Nyberg, 2021. "A Thousand Words Tell More Than Just Numbers: Financial Crises and Historical Headlines," Discussion Papers 149, Aboa Centre for Economics.
    172. Michael D. Bordo & Christopher M. Meissner, 2016. "Fiscal and Financial Crises," NBER Working Papers 22059, National Bureau of Economic Research, Inc.
    173. Roy, Saktinil, 2022. "What drives the systemic banking crises in advanced economies?," Global Finance Journal, Elsevier, vol. 54(C).
    174. Faulwasser Timm & Gross Marco & Semmler Willi & Loungani Prakash, 2020. "Unconventional monetary policy in a nonlinear quadratic model," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 24(5), pages 1-19, December.
    175. Hakan Kara, 2016. "Turkey's experience with macroprudential policy," BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential policy, volume 86, pages 123-139, Bank for International Settlements.
    176. Singh, Rajesh & Hasan, Mohammad, 2023. "Cross-country Spillovers in Interbank Liquidity Crises," ISU General Staff Papers 202311011603320000, Iowa State University, Department of Economics.
    177. Neil Bhutta & Jesse Bricker & Lisa J. Dettling & Jimmy Kelliher & Steven Laufer, 2019. "Stress Testing Household Debt," Finance and Economics Discussion Series 2019-008, Board of Governors of the Federal Reserve System (U.S.).
    178. Mathias Drehmann, 2013. "Total credit as an early warning indicator for systemic banking crises," BIS Quarterly Review, Bank for International Settlements, June.
    179. Xavier Timbeau & Signe Dahl & Georg Feigl & Xavier Timbeau & Xavier Timbeau & Andrew Watt, 2016. "The Elusive Recovery. Independent Annual Growth Survey (iAGS) 2017," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 164, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    180. Carola Moreno & Carlos Saavedra & Bárbara Ulloa, 2014. "Commodity Price Cycles and Financial Stability," Working Papers Central Bank of Chile 738, Central Bank of Chile.
    181. Vítor Castro & Rodrigo Martins, 2020. "Riding the Wave of Credit: Are Longer Expansions Really a Bad Omen?," Open Economies Review, Springer, vol. 31(4), pages 729-751, September.
    182. Heather Ba & William K. Winecoff, 2024. "American financial hegemony, global capital cycles, and the macroeconomic growth environment," Economics and Politics, Wiley Blackwell, vol. 36(1), pages 334-372, March.
    183. Engin Yilmaz & Bora Suslu, 2016. "Turkish Non-Core Bank Liabilities," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 14(1), pages 75-92.
    184. Jia, Pengfei, 2021. "Trust Shocks, Financial Crises, and Money," MPRA Paper 106343, University Library of Munich, Germany.
    185. James M. Nason & Ellis W. Tallman, 2012. "Business cycles and financial crises: the roles of credit supply and demand shocks," Working Papers (Old Series) 1221, Federal Reserve Bank of Cleveland.
    186. Vítor Castro & Pedro A. Cerqueira & Rodrigo Martins, 2024. "Is There a Pervasive World Real Credit Cycle?," Open Economies Review, Springer, vol. 35(1), pages 99-119, February.
    187. Marcin Pietrzak, 2021. "Can Financial Soundness Indicators Help Predict Financial Sector Distress?," IMF Working Papers 2021/197, International Monetary Fund.
    188. John C. Williams, 2014. "Inflation targeting and the global financial crisis: successes and challenges," Speech 134, Federal Reserve Bank of San Francisco.
    189. Isabel Cairo & Jae Sim, 2017. "Income Inequality, Financial Crises and Monetary Policy," 2017 Meeting Papers 1433, Society for Economic Dynamics.
    190. Davis, J. Scott & Mack, Adrienne & Phoa, Wesley & Vandenabeele, Anne, 2016. "Credit booms, banking crises, and the current account," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 360-377.
    191. Adél Bosch & Steven F. Koch, 2020. "The South African Financial Cycle and its Relation to Household Deleveraging," South African Journal of Economics, Economic Society of South Africa, vol. 88(2), pages 145-173, June.
    192. Alan M. Taylor, 2012. "The great leveraging," BIS Working Papers 398, Bank for International Settlements.
    193. Mercè Sala-Rios & Teresa Torres-Solé & Mariona Farré-Perdiguer, 2016. "Credit and business cycles’ relationship: evidence from Spain," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 15(3), pages 149-171, December.
    194. Abbassi, Puriya & Bräuning, Falk & Fecht, Falko & Peydró, José-Luis, 2022. "Cross-border interbank liquidity, crises, and monetary policy," Journal of International Economics, Elsevier, vol. 139(C).
    195. Amaral, Andrea & Abreu, Margarida & Mendes, Victor, 2014. "The spatial Probit model—An application to the study of banking crises at the end of the 1990’s," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 415(C), pages 251-260.
    196. Máximo Camacho & Gonzalo Palmieri, 2021. "Evaluating the OECD’s main economic indicators at anticipating recessions," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 40(1), pages 80-93, January.
    197. Simona Malovaná & Martin Hodula & Josef Bajzík & Zuzana Gric, 2024. "Bank capital, lending, and regulation: A meta‐analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 38(3), pages 823-851, July.
    198. Oleksiy Kryvtsov & Rhys R. Mendes, 2015. "The Optimal Level of the Inflation Target: A Selective Review of the Literature and Outstanding Issues," Discussion Papers 15-8, Bank of Canada.
    199. Yildirim, Yusuf & Sanyal, Anirban, 2022. "Evaluating the Effectiveness of Early Warning Indicators: An Application of Receiver Operating Characteristic Curve Approach to Panel Data," EconStor Preprints 251726, ZBW - Leibniz Information Centre for Economics.
    200. Martin Gächter & Martin Geiger & Florentin Glötzl & Helene Schuberth, 2015. "Sectoral Deleveraging in Europe and Its Economic Implications," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 8-23.
    201. Karim, Dilruba & Liadze, Iana & Barrell, Ray & Davis, E. Philip, 2013. "Off-balance sheet exposures and banking crises in OECD countries," Journal of Financial Stability, Elsevier, vol. 9(4), pages 673-681.
    202. Mathias Drehmann & James Yetman, 2018. "Why you should use the Hodrick-Prescott filter - at least to generate credit gaps," BIS Working Papers 744, Bank for International Settlements.
    203. Alfred Duncan & Charles Nolan, 2017. "Financial Frictions in Macroeconomic Models," Studies in Economics 1719, School of Economics, University of Kent.
    204. Miguel Angel Saldarriaga, 2017. "Credit Booms in Commodity Exporters," Working Papers 98, Peruvian Economic Association.
    205. Annaert, Jan & Mensah, Lord, 2014. "Cross-sectional predictability of stock returns, evidence from the 19th century Brussels Stock Exchange (1873–1914)," Explorations in Economic History, Elsevier, vol. 52(C), pages 22-43.
    206. Gary B. Gorton, 2016. "The History and Economics of Safe Assets," NBER Working Papers 22210, National Bureau of Economic Research, Inc.
    207. Juan Amador & José Gómez-González & Andrés Pabón, 2013. "Loan growth and bank risk: new evidence," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 27(4), pages 365-379, December.
    208. Comunale, Mariarosaria, 2022. "A panel VAR analysis of macro-financial imbalances in the EU," Journal of International Money and Finance, Elsevier, vol. 121(C).
    209. Martínez-García, Enrique & Grossman, Valerie & Mack, Adrienne, 2015. "A contribution to the chronology of turning points in global economic activity (1980–2012)," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 170-185.
    210. Amat Adarov, 2019. "Dynamic Interactions Between Financial and Macroeconomic Imbalances: A Panel VAR Analysis," wiiw Working Papers 162, The Vienna Institute for International Economic Studies, wiiw.
    211. M. Zharikov & М. Жариков, 2019. "Высокочастотная торговля в современной микроструктуре финансового рынка: возможности и угрозы // High‑Frequency Trading in the Modern Market Microstructure: Opportunities and Threats," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 7(3), pages 25-36.
    212. Ghassan, Hassan B. & Drissi, Ramzi, 2015. "Long Run Current Account through theoretical Intertemporal Model," MPRA Paper 71997, University Library of Munich, Germany, revised 04 Apr 2015.
    213. Fendoğlu, Salih, 2017. "Credit cycles and capital flows: Effectiveness of the macroprudential policy framework in emerging market economies," Journal of Banking & Finance, Elsevier, vol. 79(C), pages 110-128.
    214. Gheorghe Hurduzeu & Maria-Isadora Lazar, 2015. "An Analysis of Economic Growth, Competitiveness and Macroeconomic Imbalances in the European Union," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(57), pages 37-50, September.
    215. Mahir Binici & Aytül Ganioglu, 2021. "Net external position, financial development, and banking crisis," Empirical Economics, Springer, vol. 61(3), pages 1225-1251, September.
    216. Mr. Markus Eberhardt & Mr. Andrea F Presbitero, 2018. "Commodity Price Movements and Banking Crises," IMF Working Papers 2018/153, International Monetary Fund.
    217. Claudio Borio & Piti Disyatat, 2016. "Capital Flows and the Current Account: Taking Financing (More) Seriously," PIER Discussion Papers 14, Puey Ungphakorn Institute for Economic Research.
    218. Sreenivasulu Puli & Nagaraju Thota & A. C. V. Subrahmanyam, 2024. "Assessing Machine Learning Techniques for Predicting Banking Crises in India," JRFM, MDPI, vol. 17(4), pages 1-16, March.
    219. Michael D. Bordo, 2017. "An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime," NBER Working Papers 24154, National Bureau of Economic Research, Inc.
    220. Kirti, Divya, 2018. "Lending standards and output growth," ESRB Working Paper Series 79, European Systemic Risk Board.
    221. António R. Antunes & Diana Bonfim & Nuno Monteiro & Paulo M.M. Rodrigues, 2014. "Early Warning Indicators of Banking Crises: Exploring new Data and Tools," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    222. Ma, Chang & Rogers, John H. & Zhou, Sili, 2020. "Modern pandemics: Recession and recovery," BOFIT Discussion Papers 16/2020, Bank of Finland Institute for Emerging Economies (BOFIT).
    223. Hessou, Hélyoth T.S. & Lensink, Robert & Soumaré, Issouf & Tchakoute Tchuigoua, Hubert, 2021. "Provisioning over the business cycle: Some insights from the microfinance industry," International Review of Financial Analysis, Elsevier, vol. 77(C).
    224. Giannoula Karamichailidou & David G. Mayes & Hanno Stremmel, 2018. "Achieving a balance between the avoidance of banking problems and their resolution—can financial cycle dynamics predict bank distress?," Journal of Banking Regulation, Palgrave Macmillan, vol. 19(1), pages 18-32, January.
    225. Beutel, Johannes & List, Sophia & von Schweinitz, Gregor, 2019. "An evaluation of early warning models for systemic banking crises: Does machine learning improve predictions?," IWH Discussion Papers 2/2019, Halle Institute for Economic Research (IWH).
    226. Marcus Kappler & Helmut Reisen & Moritz Schularick & Edouard Turkisch, 2013. "The Macroeconomic Effects of Large Exchange Rate Appreciations," Open Economies Review, Springer, vol. 24(3), pages 471-494, July.
    227. Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Nørvang Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim , 2016. "The Elusive Recovery," Sciences Po Economics Publications (main) hal-03612850, HAL.
      • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Nørvang Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim , 2016. "The Elusive Recovery," PSE Working Papers hal-03612850, HAL.
      • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Nørvang Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Achim Truger & Andrew Wa, 2016. "The Elusive Recovery," Post-Print hal-03459084, HAL.
      • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Nørvang Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Achim Truger & Andrew Wa, 2016. "The Elusive Recovery," PSE-Ecole d'économie de Paris (Postprint) hal-03459084, HAL.
      • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Nørvang Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim , 2016. "The Elusive Recovery," PSE-Ecole d'économie de Paris (Postprint) hal-03612850, HAL.
      • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Nørvang Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Thomas Theobald & Achim , 2016. "The Elusive Recovery," Working Papers hal-03612850, HAL.
      • Georg Feigl & Markus Marterbauer & Miriam Rehm & Matthias Schnetzer & Sepp Zuckerstätter & Lars Nørvang Andersen & Thea Nissen & Signe Dahl & Peter Hohlfeld & Benjamin Lojak & Achim Truger & Andrew Wa, 2016. "The Elusive Recovery," Sciences Po Economics Publications (main) hal-03459084, HAL.
    228. Gary Gorton & Guillermo Ordo?ez, 2014. "Collateral Crises," American Economic Review, American Economic Association, vol. 104(2), pages 343-378, February.
    229. Òscar Jordà, 2013. "Assessing the Historical Role of Credit: Business Cycles, Financial Crises, and the Legacy of Charles S. Peirce," Working Paper Series 2013-19, Federal Reserve Bank of San Francisco.
    230. Mariarosaria Comunale, 2016. "A Closer Look at EU Current Accounts," CEIS Research Paper 393, Tor Vergata University, CEIS, revised 11 Aug 2016.
    231. Nicolas Cachanosky & Andreas Hoffmann, 2014. "Monetary Policy, the Composition of GDP, and Crisis Duration in Europe," ICER Working Papers 08-2014, ICER - International Centre for Economic Research.
    232. Eduardo Cavallo & Barry Eichengreen & Ugo Panizza, 2018. "Can countries rely on foreign saving for investment and economic development?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 154(2), pages 277-306, May.
    233. Youssef Ghallada & Alexandre Girard & Kim Oosterlinck, 2021. "Crises, credit booms and monetary regime," ULB Institutional Repository 2013/335337, ULB -- Universite Libre de Bruxelles.
    234. İlhan Ali, 2022. "Examining the effect of credit on monetary policy with Markov regime switching: Evidence from Turkey," Economics and Business Review, Sciendo, vol. 8(4), pages 68-87, December.
    235. Zhandos Ybrayev & Andrey Talakin & Yerlan Kairullayev & Talgat Zharkynbay, 2024. "Household debt service ratio in a developing economy: borrower-based analytical tools and macroprudential policy overview in Kazakhstan," Journal of Banking Regulation, Palgrave Macmillan, vol. 25(1), pages 58-72, March.
    236. Piergiorgio Alessandri & Pierluigi Bologna & Maddalena Galardo, 2022. "Financial Crises, Macroprudential Policy and the Reliability of Credit-to-GDP Gaps," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(4), pages 625-667, December.
    237. Sabri Boubaker & Duc Khuong Nguyen & Vanja Piljak & Andreas Savvides, 2018. "Financial Development, Government Bond Returns, and Stability: International Evidence," Working Papers 2018-007, Department of Research, Ipag Business School.
    238. Tiago Pinheiro & Francisco Rivadeneyra & Marc Teignier, 2013. "Financial Development and the Volatility of Income," Staff Working Papers 13-4, Bank of Canada.
    239. Masud Alam, 2024. "Volatility in U.S. Housing Sector and the REIT Equity Return," The Journal of Real Estate Finance and Economics, Springer, vol. 69(3), pages 505-544, October.
    240. Vítor Castro & Rodrigo Martins, 2021. "What drives the duration of credit booms?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 1531-1549, January.
    241. David Elliott & Ralf R. Meisenzahl & José-Luis Peydró, 2023. "Nonbank Lenders as Global Shock Absorbers: Evidence from US Monetary Policy Spillovers," Working Paper Series WP 2023-29, Federal Reserve Bank of Chicago.
    242. Benmelech, Efraim & Frydman, Carola & Papanikolaou, Dimitris, 2019. "Financial frictions and employment during the Great Depression," Journal of Financial Economics, Elsevier, vol. 133(3), pages 541-563.
    243. Rafael Repullo & Jesús Saurina, 2011. "The Countercyclical Capital Buffer of Basel III: A Critical Assessment," Working Papers wp2011_1102, CEMFI, revised Jun 2011.
    244. Jose Eduardo Gomez-Gonzalez & Juliana Gamboa-Arbeláez & Jorge Hirs-Garzón & Andrés Pinchao-Rosero, 2018. "When Bubble Meets Bubble: Contagion in OECD Countries," The Journal of Real Estate Finance and Economics, Springer, vol. 56(4), pages 546-566, May.
    245. Antonio Moreno & Steven Ongena & Alexia Ventula Veghazy & Alexander F. Wagner, 2024. "“Long GFC”? The global financial crisis, health care, and COVID‐19 deaths," Economic Inquiry, Western Economic Association International, vol. 62(2), pages 865-891, April.
    246. Tano Santos & Pietro Veronesi, 2016. "Leverage," NBER Working Papers 22905, National Bureau of Economic Research, Inc.
    247. Panizza, Ugo & Fatás, Antonio & Ghosh, Atish R. & ,, 2019. "The Motives to Borrow," CEPR Discussion Papers 13735, C.E.P.R. Discussion Papers.
    248. Régis Barnichon & Christian Matthes & Alexander Ziegenbein, 2016. "Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market Disruptions," Working Paper 16-15, Federal Reserve Bank of Richmond.
    249. Feng Min & Fenghua Wen & Jiayu Xu & Nan Wu, 2023. "Credit supply, house prices, and financial stability," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 2088-2108, April.
    250. Atkeson, Andrew G. & Eisfeldt, Andrea L. & Weill, Pierre-Olivier, 2017. "Measuring the financial soundness of U.S. firms, 1926–2012," Research in Economics, Elsevier, vol. 71(3), pages 613-635.
    251. Kiley, Michael T., 2021. "What macroeconomic conditions lead financial crises?," Journal of International Money and Finance, Elsevier, vol. 111(C).
    252. Meller, Barbara & Metiu, Norbert, 2015. "The synchronization of European credit cycles," Discussion Papers 20/2015, Deutsche Bundesbank.
    253. Travis J. Berge & Òscar Jordà, 2011. "A chronology of turning points in economic activity: Spain, 1850-2011," Research Working Paper RWP 11-14, Federal Reserve Bank of Kansas City.
    254. Vratislav Izák, 2016. "Podnikový sektor - vybrané aspekty empirické analýzy zemí Evropské unie [Corporate Sector-Selected Aspects of Empirical Analysis of the EU Member States]," Politická ekonomie, Prague University of Economics and Business, vol. 2016(2), pages 161-175.
    255. Deryugina, Elena & Ponomarenko, Alexey & Rozhkova, Anna, 2020. "When are credit gap estimates reliable?," Economic Analysis and Policy, Elsevier, vol. 67(C), pages 221-238.
    256. Campbell, Gareth & Coyle, Christopher & Turner, John D., 2016. "This time is different: Causes and consequences of British banking instability over the long run," Journal of Financial Stability, Elsevier, vol. 27(C), pages 74-94.
    257. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2019. "The Total Risk Premium Puzzle," NBER Working Papers 25653, National Bureau of Economic Research, Inc.
    258. Galstyan, Vahagn & Velic, Adnan, 2017. "Debt thresholds and real exchange rates: An emerging markets perspective," Journal of International Money and Finance, Elsevier, vol. 70(C), pages 452-470.
    259. Mr. Luis M. Cubeddu & Signe Krogstrup & Gustavo Adler & Mr. Pau Rabanal & Mai Dao & Mrs. Swarnali A Hannan & Luciana Juvenal & Ms. Carolina Osorio-Buitron & Cyril Rebillard & Mr. Daniel Garcia-Macia &, 2019. "The External Balance Assessment Methodology: 2018 Update," IMF Working Papers 2019/065, International Monetary Fund.
    260. Reshma & Wahyu Widodo, 2024. "The Effect of Exchange Rates and World Crude Oil Prices on Inflation: Evidence from Emerging Economies," Journal of Economic Sciences, Federal Urdu University Islamabad, Department of Economics, vol. 3(2), pages 146-161, December.
    261. Jón Daníelsson & Marcela Valenzuela & Ilknur Zer, 2016. "Learning from History : Volatility and Financial Crises," Finance and Economics Discussion Series 2016-093, Board of Governors of the Federal Reserve System (U.S.).
    262. Rémi Bazillier & Jérôme Héricourt, 2014. "The Circular Relationship between Inequality, Leverage, and Financial Crises: Intertwined Mechanisms and Competing Evidence," Working Papers 2014-22, CEPII research center.
    263. Alessi, Lucia & Detken, Carsten, 2018. "Identifying excessive credit growth and leverage," Journal of Financial Stability, Elsevier, vol. 35(C), pages 215-225.
    264. Kauko, Karlo, 2014. "How to foresee banking crises? A survey of the empirical literature," Economic Systems, Elsevier, vol. 38(3), pages 289-308.
    265. Jon Frost & Ayako Saiki, 2014. "Early Warning for Currency Crises: What Is the Role of Financial Openness?," Review of International Economics, Wiley Blackwell, vol. 22(4), pages 722-743, September.
    266. David Aikman & Andrew G. Haldane & Benjamin D. Nelson, 2015. "Curbing the Credit Cycle," Economic Journal, Royal Economic Society, vol. 125(585), pages 1072-1109, June.
    267. Siti Nurazira Mohd Daud & Abd Halim Ahmad & Jan M Podivinsky, 2017. "Credit and the housing boom in Malaysa: a come back?," Economics and Business Letters, Oviedo University Press, vol. 6(4), pages 110-115.
    268. Oliver Röhn & Aida Caldera Sánchez & Mikkel Hermansen & Morten Rasmussen, 2015. "Economic resilience: A new set of vulnerability indicators for OECD countries," OECD Economics Department Working Papers 1249, OECD Publishing.
    269. Lahura, Erick, 2011. "An Empirical Analysis of the Credit-Output Relationship: Evidence from Peru," Working Papers 2011-018, Banco Central de Reserva del Perú.
    270. Thomas Grjebine & Urzula Szczerbowicz & Fabien Tripier, 2017. "Corporate Debt Structure and Economic Recoveries," Working papers 646, Banque de France.
    271. Johannes Matschke, 2022. "Effective Downward Nominal Wage Rigidities," Research Working Paper RWP 22-10, Federal Reserve Bank of Kansas City, revised 10 Jul 2024.
    272. Camarero, Mariam & Gadea-Rivas, María Dolores & Gómez-Loscos, Ana & Tamarit, Cecilio, 2021. "Effects of external imbalances on GDP recovery patterns," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 349-362.
    273. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    274. Rachel Cho & Rodolphe Desbordes & Markus Eberhardt, 2022. "The causal effects of the darker side of financial development," Discussion Papers 2022-04, University of Nottingham, GEP.
    275. Lin, Ching-Chung & Yang, Shou-Lin, 2016. "Bank fundamentals, economic conditions, and bank failures in East Asian countries," Economic Modelling, Elsevier, vol. 52(PB), pages 960-966.
    276. Philip R. Lane, 2013. "Cross-Border Financial Integration in Asia and the Macro-Financial Policy Framework," The Institute for International Integration Studies Discussion Paper Series iiisdp423, IIIS.
    277. Vazquez, Francisco, 2020. "Credit Reversals," MPRA Paper 104869, University Library of Munich, Germany.
    278. Betz, Frank & Oprica, Silviu & Peltonen, Tuomas A. & Sarlin, Peter, 2013. "Predicting distress in European banks," Working Paper Series 1597, European Central Bank.
    279. Tihana Skrinjaric, 2022. "Macroeconomic effects of systemic stress: a rolling spillover index approach," Public Sector Economics, Institute of Public Finance, vol. 46(1), pages 109-140.
    280. Gozgor, Giray, 2018. "Determinants of the domestic credits in developing economies: The role of political risks," Research in International Business and Finance, Elsevier, vol. 46(C), pages 430-443.
    281. Cesa-Bianchi, Ambrogio & Eguren Martin, Fernando & Thwaites, Gregory, 2019. "Foreign booms, domestic busts: The global dimension of banking crises," Journal of Financial Intermediation, Elsevier, vol. 37(C), pages 58-74.
    282. Adarov, Amat, 2021. "Dynamic interactions between financial cycles, business cycles and macroeconomic imbalances: A panel VAR analysis," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 434-451.
    283. Bezemer, Dirk & Zhang, Lu, 2019. "Credit composition and the severity of post-crisis recessions," Journal of Financial Stability, Elsevier, vol. 42(C), pages 52-66.
    284. Samba Mbaye & Ms. Marialuz Moreno Badia & Kyungla Chae, 2018. "Bailing Out the People? When Private Debt Becomes Public," IMF Working Papers 2018/141, International Monetary Fund.
    285. Scott A. Brave & Jose A. Lopez, 2018. "Calibrating Macroprudential Policy to Forecasts of Financial Stability," Working Paper Series 2017-17, Federal Reserve Bank of San Francisco.
    286. Paymon Khorrami & Fernando Mendo, 2021. "Rational Sentiments and Financial Frictions," Working Papers Central Bank of Chile 928, Central Bank of Chile.
    287. te Kaat, Daniel Marcel & Dinger, Valeriya, 2015. "Global Imbalances and Bank Risk-Taking," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112866, Verein für Socialpolitik / German Economic Association.
    288. Ambrocio, Gene, 2019. "Measuring household uncertainty in EU countries," Bank of Finland Research Discussion Papers 17/2019, Bank of Finland.
    289. Philip Lane, 2013. "Financial Globalisation and the Crisis," Open Economies Review, Springer, vol. 24(3), pages 555-580, July.
    290. Stijn Claessens & M. Ayhan Kose, 2013. "Financial Crises: Review and Evidence," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 13(3), pages 1-23.
    291. Ghassan, Hassan B. & Al-Jefri, Essam H., 2016. "الحساب الجاري للاقتصاد السعودي عبر نموذج داخلي الزمن دلائل من منهجية نموذج التقهقر الذاتي البنيوي [The Current Account of Saudi Economy through Intertemporal Model: Evidence from SVAR]," MPRA Paper 80302, University Library of Munich, Germany, revised Jun 2017.
    292. Bauer, Gregory H., 2017. "International house price cycles, monetary policy and credit," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 88-114.
    293. Christopher M. Meissner, 2013. "Capital Flows, Credit Booms, and Financial Crises in the Classical Gold Standard Era," NBER Working Papers 18814, National Bureau of Economic Research, Inc.
    294. Michael Kumhof & Mauricio Salgado-Moreno, 2024. "Quantitative easing and quantitative tightening: the money channel," Bank of England working papers 1090, Bank of England.
    295. Mark Copelovitch & David A. Singer, 2017. "Tipping the (Im)balance: Capital inflows, financial market structure, and banking crises," Economics and Politics, Wiley Blackwell, vol. 29(3), pages 179-208, November.
    296. Pérez-Quirós, Gabriel & Gadea Rivas, Maria Dolores & Laeven, Luc, 2020. "Growth-and-Risk Trade-off," CEPR Discussion Papers 14492, C.E.P.R. Discussion Papers.
    297. Andres Murcia & Emanuel Kohlscheen, 2016. "Moving in tandem: bank provisioning in emerging market economies," BIS Working Papers 548, Bank for International Settlements.
    298. Marc Steffen Rapp & Iuliia A. Udoieva, 2018. "What matters in the finance–growth nexus of advanced economies? Evidence from OECD countries," Applied Economics, Taylor & Francis Journals, vol. 50(6), pages 676-690, February.
    299. Zoe Venter, 2019. "The Interaction Between ConventionalMonetary Policy and Financial Stability: Chile, Colombia, Japan, Portugal and the UK," Working Papers REM 2019/96, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    300. Krishnamurthy, Arvind & Vissing-Jørgensen, Annette, 2015. "The Impact of Treasury Supply on Financial Sector Lending and Stability," CEPR Discussion Papers 10717, C.E.P.R. Discussion Papers.
    301. Andrea Fabiani & Martha López & José-Luis Peydró & Paul E. Soto, 2023. "Capital Controls, Corporate Debt and Real Effects: Evidence from Boom and Crisis Times," Borradores de Economia 1244, Banco de la Republica de Colombia.
    302. Barrell, Ray & Karim, Dilly & Macchiarelli, Corrado, 2017. "Towards an understanding of credit cycles do all credit booms cause crises?," LSE Research Online Documents on Economics 118943, London School of Economics and Political Science, LSE Library.
    303. Ibáñez-Hernández, Francisco J. & Peña-Cerezo, Miguel A. & Araujo-de-la-Mata, Andrés, 2019. "Corporate governance and procyclicality in a banking crisis: Empirical evidence and implications," Finance Research Letters, Elsevier, vol. 30(C), pages 271-275.
    304. Presbitero, Andrea & Eberhardt, Markus, 2021. "Commodity Prices and Banking Crises," CEPR Discussion Papers 15959, C.E.P.R. Discussion Papers.
    305. Jacob M. Meyer, 2019. "Checks and Imbalances: Exploring the Links between Political Constraints and Banking Crises using Econometric Mediation," EERI Research Paper Series EERI RP 2019/07, Economics and Econometrics Research Institute (EERI), Brussels.
    306. Benbouzid, Nadia & Mallick, Sushanta K. & Sousa, Ricardo M., 2017. "Do country-level financial structures explain bank-level CDS spreads?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 48(C), pages 135-145.
    307. Breitenlechner, Max & Gächter, Martin & Sindermann, Friedrich, 2015. "The finance–growth nexus in crisis," Economics Letters, Elsevier, vol. 132(C), pages 31-33.
    308. Borsi, Mihály Tamás, 2018. "Credit contractions and unemployment," International Review of Economics & Finance, Elsevier, vol. 58(C), pages 573-593.
    309. Mark Gertler & Nobuhiro Kiyotaki & Andrea Prestipino, 2020. "Credit Booms, Financial Crises and Macroprudential Policy," Working Papers 2020-62, Princeton University. Economics Department..
    310. Zorobabel Bicaba & Daniel Kapp & Francesco Molteni, 2011. "Stability periods between financial crises : The role of macroeconomic fundamentals and crises management policies," Post-Print halshs-00639869, HAL.
    311. Oliver Bush & Katie Farrant & Michelle Wright, 2011. "Financial Stability Paper No 13: Reform of the International Monetary and Financial System," Bank of England Financial Stability Papers 13, Bank of England.
    312. Annalisa Ferrando & Maria†Teresa Marchica & Roberto Mura, 2017. "Financial Flexibility and Investment Ability Across the Euro Area and the UK," European Financial Management, European Financial Management Association, vol. 23(1), pages 87-126, January.
    313. Schularick, Moritz & Wachtel, Paul, 2012. "The making of America's imbalances," Discussion Papers 2012/16, Free University Berlin, School of Business & Economics.
    314. Brei, Michael & Gadanecz, Blaise & Mehrotra, Aaron, 2020. "SME lending and banking system stability: Some mechanisms at work," Emerging Markets Review, Elsevier, vol. 43(C).
    315. Sleibi, Yacoub & Casalin, Fabrizio & Fazio, Giorgio, 2023. "Unconventional monetary policies and credit co-movement in the Eurozone," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 85(C).
    316. Monahan, Emma Kahle, 2020. "Income instability and child maltreatment: Exploring associations and mechanisms," Children and Youth Services Review, Elsevier, vol. 108(C).
    317. Mathias Drehmann & Mikael Juselius & Anton Korinek, 2018. "Going With the Flows: New Borrowing, Debt Service and the Transmission of Credit Booms," NBER Working Papers 24549, National Bureau of Economic Research, Inc.
    318. Alimov, Behzod, 2019. "Private debt, public debt, and capital misallocation," IWH-CompNet Discussion Papers 7/2019, Halle Institute for Economic Research (IWH).
    319. O'Brien, Martin & Velasco, Sofia, 2020. "Unobserved components models with stochastic volatility for extracting trends and cycles in credit," Research Technical Papers 09/RT/20, Central Bank of Ireland.
    320. Milan Nedeljkovic & Branko Uroševic & Emir Zildžovic, 2012. "Jackknife Model Averaging of the Current Account Determinants," Working papers 23, National Bank of Serbia.
    321. Toni Ahnert & Enrico Perotti, 2018. "Seeking Safety," Staff Working Papers 18-41, Bank of Canada.
    322. Marlon Fritz & Thomas Gries & Yuanhua Feng, 2016. "Growth Trends and Systematic Patterns of Booms and Busts - Testing 200 Years of Business Cycle Dynamics -," Working Papers CIE 96, Paderborn University, CIE Center for International Economics.
    323. de Moraes, Claudio Oliveira & Costa, Ágata, 2023. "Credit behavior and financial stability in an emerging economy," Economic Systems, Elsevier, vol. 47(2).
    324. Bouvatier, Vincent & Delatte, Anne-Laure & Rehault, Pierre-Nicolas, 2022. "Measuring credit procyclicality: A new database," Emerging Markets Review, Elsevier, vol. 52(C).
    325. Ganioğlu, Aytül, 2013. "Rapid credit growth and current account deficit as the leading determinants of financial crises," Economics Discussion Papers 2013-35, Kiel Institute for the World Economy.
    326. Borio, Claudio, 2016. "On the centrality of the current account in international economics," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 266-274.
    327. Degryse, Hans & Huylebroek, Cédric, 2023. "Fiscal support and banks’ loan loss provisions during the COVID-19 crisis," Journal of Financial Stability, Elsevier, vol. 67(C).
    328. Bernardini, Marco & Forni, Lorenzo, 2020. "Private and public debt interlinkages in bad times," Journal of International Money and Finance, Elsevier, vol. 109(C).
    329. Soumaré, Issouf & Tchakoute Tchuigoua, Hubert & Hessou, Hélyoth T.S., 2020. "Are microfinance institutions resilient to economic slowdown? Evidence from their capital ratio adjustment over the business cycle," Economic Modelling, Elsevier, vol. 92(C), pages 1-22.
    330. Xianglong Liu, 2023. "Towards Better Banking Crisis Prediction: Could an Automatic Variable Selection Process Improve the Performance?," The Economic Record, The Economic Society of Australia, vol. 99(325), pages 288-312, June.
    331. Dutra, Tiago Mota & Dias, José Carlos & Teixeira, João C.A., 2022. "Measuring financial cycles: Empirical evidence for Germany, United Kingdom and United States of America," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 599-630.
    332. Lorenzo Esposito & Giuseppe Mastromatteo, 2020. "Profitti, rischi e capital ratios: come sviluppare una vigilanza prudenziale neutrale al risk-appetite delle banche (Profits, risk, and capital ratios: how to design a prudential supervision neutral w," Moneta e Credito, Economia civile, vol. 73(290), pages 141-154.
    333. Rihab Bousnina & Foued Badr Gabsi, 2022. "Current Account Balance and Financial Development in MENA Countries: The Role of Institutions," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(1), pages 109-142, March.
    334. Angeloni, Ignazio & Kasinger, Johannes & Chantawit Tantasith, 2021. "The geography of banks in the United States (1990-2020)," SAFE Working Paper Series 321, Leibniz Institute for Financial Research SAFE.
    335. Egan, Mark L. & Mulligan, Casey B. & Philipson, Tomas J., 2013. "Adjusting Measures of Economic Output for Health: Is the Business Cycle Countercyclical?," Working Papers 246, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    336. Gallegati, Marco & Delli Gatti, Domenico, 2018. "Macrofinancial imbalances in historical perspective: A global crisis index," Journal of Economic Dynamics and Control, Elsevier, vol. 91(C), pages 190-205.
    337. José-Luis Peydró, 2012. "Comment on "Risk Heterogeneity and Credit Supply: Evidence from the Mortgage Market"," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 420-428, National Bureau of Economic Research, Inc.
    338. Unger, Robert, 2018. "Revisiting the finance and growth nexus: A deeper look at sectors and instruments," Discussion Papers 55/2018, Deutsche Bundesbank.
    339. Simona Malovana & Martin Hodula & Josef Bajzik & Zuzana Gric, 2021. "A Tale of Different Capital Ratios: How to Correctly Assess the Impact of Capital Regulation on Lending," Working Papers 2021/8, Czech National Bank, Research and Statistics Department.
    340. Bats, Joost V. & Houben, Aerdt C.F.J., 2020. "Bank-based versus market-based financing: Implications for systemic risk," Journal of Banking & Finance, Elsevier, vol. 114(C).
    341. Sabaté, Marcela & Fillat, Carmen & Escario, Regina, 2019. "Budget deficits and money creation: Exploring their relation before Bretton Woods," Explorations in Economic History, Elsevier, vol. 72(C), pages 38-56.
    342. Carmen M. Reinhart, 2019. "Financial crises: past and future," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 54(1), pages 3-15, January.
    343. Veronesi, Pietro & Santos, Tano, 2016. "Habits and Leverage," CEPR Discussion Papers 11681, C.E.P.R. Discussion Papers.
    344. Cao, Jin & Dinger, Valeriya & Gómez, Tomás & Gric, Zuzana & Hodula, Martin & Jara, Alejandro & Juelsrud, Ragnar & Liaudinskas, Karolis & Malovaná, Simona & Terajima, Yaz, 2023. "Monetary policy spillover to small open economies: Is the transmission different under low interest rates?," Journal of Financial Stability, Elsevier, vol. 65(C).
    345. Thibaut Duprey & Alexander Ueberfeldt, 2020. "Managing GDP Tail Risk," Staff Working Papers 20-3, Bank of Canada.
    346. Sami Ben Naceur & Bertrand Candelon & Quentin Lajaunie, 2019. "Taming Financial Development to Reduce Crises," IMF Working Papers 2019/094, International Monetary Fund.
    347. Ben W. Ansell & J. Lawrence Broz & Thomas Flaherty, 2018. "Global capital markets, housing prices, and partisan fiscal policies," Economics and Politics, Wiley Blackwell, vol. 30(3), pages 307-339, November.
    348. Gary Gorton & Ping He, 2023. "Optimal monetary policy in a collateralized economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 75(1), pages 55-89, January.
    349. Choy, Swee Yew & Chit, Myint Moe & Teo, Wing Leong, 2021. "Sovereign credit ratings: Discovering unorthodox factors and variables," Global Finance Journal, Elsevier, vol. 48(C).
    350. Ellis W. Tallman, 2012. "The Panic of 1907," Working Papers (Old Series) 1228, Federal Reserve Bank of Cleveland.
    351. Duarte Maia & Ivan De Lorenzo Buratta, 2022. "Mind the Build-up: Quantifying Tail Risks for Credit Growth in Portugal," Working Papers w202207, Banco de Portugal, Economics and Research Department.
    352. Lorenzo Danieli & Petr Jakubik, 2022. "Early Warning System for the European Insurance Sector," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(1), pages 3-21, January.
    353. Nazli Toraganli & Hasan Murat Ertugrul, 2016. "Does credit composition matter for current account dynamics? Evidence from Turkey," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 25(8), pages 1090-1100, November.
    354. Tyler Muir, 2017. "Financial Crises and Risk Premia," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 132(2), pages 765-809.
    355. Maria Dolores Gadea Rivas & Gabriel Perez-Quiros, 2015. "The Failure To Predict The Great Recession—A View Through The Role Of Credit," Journal of the European Economic Association, European Economic Association, vol. 13(3), pages 534-559, June.
    356. Chinn, Menzie & Ferrara, Laurent & Mignon, Valérie, 2014. "Explaining US employment growth after the great recession: The role of output–employment non-linearities," Journal of Macroeconomics, Elsevier, vol. 42(C), pages 118-129.
    357. Taylor, Alan M., 2012. "External Imbalances and Financial Crises," CEPR Discussion Papers 9255, C.E.P.R. Discussion Papers.
    358. Emanuele BACCHIOCCHI & Andrea BASTIANIN & Alessandro MISSALE & Eduardo ROSSI, 2016. "Structural Analysis With Mixed Frequency: Monetary Policy, Uncertainty And Gross Capital Flows," Departmental Working Papers 2016-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    359. Wang, Shengquan, 2023. "Income inequality and systemic banking crises: A nonlinear nexus," Economic Systems, Elsevier, vol. 47(4).
    360. Strašek Sebastjan, 2017. "From Subprime and Eurozone Crisis with Full Speed into the Next Financial Crisis," Naše gospodarstvo/Our economy, Sciendo, vol. 63(3), pages 3-11, September.
    361. José Ricardo Borges Alves & Rita Maria Henriques Pereira, 2020. "The indebtedness of households up until the economic adjustment programme for Portugal: an empirical assessment," Public Sector Economics, Institute of Public Finance, vol. 44(4), pages 529-550.
    362. Mr. Plamen K Iossifov, 2021. "Cyclical Patterns of Systemic Risk Metrics: Cross-Country Analysis," IMF Working Papers 2021/028, International Monetary Fund.
    363. Boyd, John H. & De Nicolò, Gianni & Rodionova, Tatiana, 2019. "Banking crises and crisis dating: Disentangling shocks and policy responses," Journal of Financial Stability, Elsevier, vol. 41(C), pages 45-54.
    364. Mircea Epure & Irina Mihai & Camelia Minoiu & José-Luis Peydró, 2017. "Global financial cycle, household credit, and macroprudential policies," Economics Working Papers 1590, Department of Economics and Business, Universitat Pompeu Fabra, revised Mar 2023.
    365. Avdjiev, Stefan & Binder, Stephan & Sousa, Ricardo, 2021. "External debt composition and domestic credit cycles," Journal of International Money and Finance, Elsevier, vol. 115(C).
    366. John C. Williams, 2012. "The outlook and monetary policy challenges," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue july23.
    367. Kroencke, Tim A., 2022. "Recessions and the stock market," Journal of Monetary Economics, Elsevier, vol. 131(C), pages 61-77.
    368. Friedrich Lucke, 2022. "The Great Moderation and the Financial Cycle," Working Papers REM 2022/0238, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    369. Kim, Soyoung & Mehrotra, Aaron & Shim, Seri, 2025. "Governance arrangements and the use of macroprudential policy," Journal of International Money and Finance, Elsevier, vol. 154(C).
    370. John C. Williams, 2013. "The economic recovery: past, present, and future," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue july1.
    371. Thibault Duprey & Mathias Lé, 2014. "Bank Capital Adjustment Process and Aggregate Lending," Working papers 499, Banque de France.
    372. Simona Malovaná & Martin Hodula & Jan Frait, 2021. "What Does Really Drive Consumer Confidence?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 155(3), pages 885-913, June.
    373. Adam, Antonis & Moutos, Thomas, 2014. "Do capital importing countries pay higher prices for their imports of goods?," Journal of International Money and Finance, Elsevier, vol. 40(C), pages 95-108.
    374. Hamdaoui, Mekki, 2016. "Are systemic banking crises in developed and developing countries predictable?," Journal of Multinational Financial Management, Elsevier, vol. 37, pages 114-138.

  40. Taylor, Alan M. & Jordà , Òscar & Chong, Yanping, 2010. "The Harrod-Balassa-Samuelson Hypothesis: Real Exchange Rates and their Long-Run Equilibrium," CEPR Discussion Papers 7902, C.E.P.R. Discussion Papers.

    Cited by:

    1. BERTINELLI, Luisito & CARDI, Olivier & RESTOUT, Romain, 2020. "Relative Productivity And Search Unemployment In An Open Economy," Journal of Economic Dynamics and Control, Elsevier, vol. 117(C).
    2. Bellia, Mario & Christensen, Kim & Kolokolov, Aleksey & Pelizzon, Loriana & Renò, Roberto, 2022. "Do designated market makers provide liquidity during a flash crash?," SAFE Working Paper Series 270, Leibniz Institute for Financial Research SAFE, revised 2022.
    3. Joel Hasbrouck, 2021. "Price Discovery in High Resolution," Journal of Financial Econometrics, Oxford University Press, vol. 19(3), pages 395-430.
    4. Hongjun Li & Zhongjian Lin & Cheng Hsiao, 2015. "Testing purchasing power parity hypothesis: a semiparametric varying coefficient approach," Empirical Economics, Springer, vol. 48(1), pages 427-438, February.
    5. KAFANDO, Namalguebzanga, 2014. "L'industrialisation de l'Afrique: l'importance des facteurs structurels et du régime de change [The industrialization of Africa: the importance of structural factors and exchange rate regime]," MPRA Paper 68736, University Library of Munich, Germany.
    6. Martin Berka & Daan Steenkamp, 2018. "Deviations in real exchange rate levels in the OECD countries and their structural determinants," Reserve Bank of New Zealand Discussion Paper Series DP2018/08, Reserve Bank of New Zealand.
    7. Christopoulos, Dimitris K. & Gente, Karine & León-Ledesma, Miguel A., 2012. "Net foreign assets, productivity and real exchange rates in constrained economies," European Economic Review, Elsevier, vol. 56(3), pages 295-316.
    8. Ahmad, Yamin & Craighead, William D., 2011. "Temporal aggregation and purchasing power parity persistence," Journal of International Money and Finance, Elsevier, vol. 30(5), pages 817-830, September.
    9. Mehmet Balcilar & Rangan Gupta & Charl Jooste, 2014. "Is the Rand Really Decoupled from Economic Fundamentals?," Working Papers 201439, University of Pretoria, Department of Economics.
    10. Christian K. Tipoy & Marthinus C. Breitenbach & Mulatu F. Zerihun, 2017. "Equilibrium Exchange Rates and Misalignments: The Case of Homogenous Emerging Market Economies," Working Papers 201769, University of Pretoria, Department of Economics.
    11. Afonso Óscar, 2019. "The role of IPRs on prices, wages and growth in a two country directed technical change model," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(1), pages 1-27, January.
    12. Nihar Shah, 2022. "Doubly heterogeneous monetary spillovers," International Finance, Wiley Blackwell, vol. 25(2), pages 126-150, August.
    13. Dong He & Lillian Cheung & Wenlang Zhang & Tommy Wu, 2012. "How would Capital Account Liberalisation Affect China's Capital Flows and the Renminbi Real Exchange Rates?," Working Papers 092012, Hong Kong Institute for Monetary Research.
    14. Radek Stefanski, 2019. "Boom Goes the Price: Giant Resource Discoveries and Real Exchange Rate Appreciation," 2019 Meeting Papers 101, Society for Economic Dynamics.
    15. Robert J. Sonora & Josip Tica, 2014. "Harrod, Balassa, and Samuelson (re)visit Eastern Europe," Cogent Economics & Finance, Taylor & Francis Journals, vol. 2(1), pages 1-17, December.
    16. Fischer, Christoph, 2019. "Equilibrium real exchange rate estimates across time and space," Discussion Papers 14/2019, Deutsche Bundesbank.
    17. O’Brien, Thomas J. & Ruiz de Vargas, Santiago, 2019. "Currency indexes and consistent currency misvaluation: Illustrations using Big Mac data," Research in International Business and Finance, Elsevier, vol. 48(C), pages 464-474.
    18. Yoshihiko Hogen & Yojiro Ito & Kenji Kanai & Naoya Kishi, 2024. "Changes in the Global Economic Landscape and Issues for Japan's Economy," Bank of Japan Working Paper Series 24-E-3, Bank of Japan.
    19. He, Qing & Korhonen, Iikka & Qian, Zongxin, 2021. "Monetary policy transmission with two exchange rates of a single currency: The Chinese experience," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 558-576.
    20. Javier Cravino & Sam Haltenhof, 2020. "Real Exchange Rates, Income per Capita, and Sectoral Input Shares," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 180-194, March.
    21. Del Negro, Marco & Giannone, Domenico & Giannoni, Marc P. & Tambalotti, Andrea, 2019. "Global trends in interest rates," Journal of International Economics, Elsevier, vol. 118(C), pages 248-262.
    22. Bordo, Michael D. & Choudhri, Ehsan U. & Fazio, Giorgio & MacDonald, Ronald, 2017. "The real exchange rate in the long run: Balassa-Samuelson effects reconsidered," Journal of International Money and Finance, Elsevier, vol. 75(C), pages 69-92.
    23. Byrne, David & Foster, Sorcha, 2023. "Transmission of monetary policy: Bank interest rate pass-through in Ireland and the euro area," Economic Letters 3/EL/23, Central Bank of Ireland.
    24. Fischer, Christoph & Hossfeld, Oliver, 2014. "A consistent set of multilateral productivity approach-based indicators of price competitiveness," Discussion Papers 10/2014, Deutsche Bundesbank.
    25. Njindan Iyke, Bernard, 2016. "The Penn Effect Revisited: New Evidence from Latin America," MPRA Paper 70593, University Library of Munich, Germany.
    26. Jordà, Òscar & Taylor, Alan M., 2012. "The carry trade and fundamentals: Nothing to fear but FEER itself," Journal of International Economics, Elsevier, vol. 88(1), pages 74-90.
    27. Christian K. Tipoy & Marthinus C. Breitenbach & Mulatu F. Zerihun, 2016. "Equilibrium Exchange Rates and Misalignments: The Case of Homogenous Emerging Countries," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 66(4), pages 3-25, October-D.
    28. Clemens Struck & Adnan Velic, 2016. "Relative Prices, Non-Homothetic Preferences, and Product Quality," Trinity Economics Papers tep1516, Trinity College Dublin, Department of Economics.
    29. Grisse, Christian & Scheidegger, Fabian, 2021. "Covariability of real exchange rates and fundamentals," Economics Letters, Elsevier, vol. 201(C).
    30. Bernard Njindan Iyke, 2017. "The Penn Effect revisited: New evidence from Latin America," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 1364-1379, November.
    31. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, May.
    32. Couharde, Cécile & Delatte, Anne-Laure & Grekou, Carl & Mignon, Valérie & Morvillier, Florian, 2020. "Measuring the Balassa-Samuelson effect: A guidance note on the RPROD database," International Economics, Elsevier, vol. 161(C), pages 237-247.
    33. Njindan Iyke, Bernard & Odhiambo, Nicholas M., 2017. "An empirical test of the Balassa-Samuelson hypothesis: Evidence from eight middle-income countries in Africa," Economic Systems, Elsevier, vol. 41(2), pages 297-304.
    34. Tomoo INOUE & Tatsuyoshi OKIMOTO, 2022. "Exploring the Dynamic Relationship between Mobility and the Spread of COVID-19, and the Role of Vaccines," Discussion papers 22011, Research Institute of Economy, Trade and Industry (RIETI).
    35. Dahlquist, Magnus & Pénasse, Julien, 2022. "The missing risk premium in exchange rates," Journal of Financial Economics, Elsevier, vol. 143(2), pages 697-715.
    36. Peter Dolton & Arno Hantzsche, 2024. "Follow the leader? The long‐run interaction between public and private sector wage growth in the UK," Economica, London School of Economics and Political Science, vol. 91(363), pages 837-879, July.
    37. Fischer, Christoph & Hossfeld, Oliver, 2014. "A consistent set of multilateral productivity approach-based indicators of price competitiveness – Results for Pacific Rim economies," Journal of International Money and Finance, Elsevier, vol. 49(PA), pages 152-169.
    38. Montecino, Juan Antonio, 2015. "Capital controls and the real exchange rate: Do controls promote disequilibria?," UMASS Amherst Economics Working Papers 2015-02, University of Massachusetts Amherst, Department of Economics.
    39. Parantap Basu & Yoseph Getachew, 2017. "Redistributive Innovation Policy, Inequality and Efficiency," Working Papers 201768, University of Pretoria, Department of Economics.
    40. Taya Dumrongrittikul & Heather Anderson & Farshid Vahid, 2014. "The Effects of Productivity Gains in Asian Emerging Economies: A Global Perspective," Monash Econometrics and Business Statistics Working Papers 23/14, Monash University, Department of Econometrics and Business Statistics.
    41. Kose, M. Ayhan & Claessens, Stijn, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CEPR Discussion Papers 12460, C.E.P.R. Discussion Papers.
    42. Roni Frish, 2016. "The Real Exchange Rate in the Long Term," Bank of Israel Working Papers 2016.03, Bank of Israel.
    43. Qing, He & Korhonen, Iikka & Zongxin, Qian, 2017. "Monetary policy transmission with two exchange rates and a single currency: The Chinese experience," BOFIT Discussion Papers 14/2017, Bank of Finland Institute for Emerging Economies (BOFIT).
    44. Nathaniel P. S. Cook & Jason C. Jones, 2021. "The African Growth and Opportunity Act and growth in sub‐Saharan Africa: A local projection approach," The World Economy, Wiley Blackwell, vol. 44(1), pages 234-261, January.
    45. Wang, Weiguo & Xue, Jing & Du, Chonghua, 2016. "The Balassa–Samuelson hypothesis in the developed and developing countries revisited," Economics Letters, Elsevier, vol. 146(C), pages 33-38.
    46. Oscar Afonso & Manuela Magalhães, 2021. "The role of intellectual property rights in a directed technical change model," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2142-2176, April.
    47. Chen, Show-Lin & Wu, Jyh-Lin, 2020. "Revisiting the persistence of real exchange rates," Journal of International Money and Finance, Elsevier, vol. 103(C).
    48. Richard Frensch & Achim Schmillen, 2011. "The Penn Effect and Transition : The New EU Member States in International Perspective," Working Papers 295, Leibniz Institut für Ost- und Südosteuropaforschung (Leibniz Institute for East and Southeast European Studies).
    49. Jian Song, 2024. "Environmental pollution, manufacturing cost disease and structural change," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(8), pages 21169-21195, August.
    50. Coen Teulings & Nick Zubanov, 2011. "Is economic recovery a myth? Robust estimation of impulse responses," CPB Discussion Paper 131, CPB Netherlands Bureau for Economic Policy Analysis.

  41. Travis J. Berge & Òscar Jordà & Alan M. Taylor, 2010. "Currency Carry Trades," NBER Working Papers 16491, National Bureau of Economic Research, Inc.

    Cited by:

    1. Rongju Zhang & Mark Aarons & Gregoire Loeper, 2019. "Optimal FX Hedge Tenor with Liquidity Risk," Papers 1903.06346, arXiv.org.
    2. Bank for International Settlements, 2015. "Currency carry trades in Latin America," BIS Papers, Bank for International Settlements, number 81, May.
    3. Shehadeh, Ali & Erdős, Péter & Li, Youwei & Moore, Michael, 2016. "US Dollar Carry Trades in the Era of “Cheap Money”," MPRA Paper 70770, University Library of Munich, Germany.
    4. Pavel Trunin & Sergey Narkevich, 2013. "Prospects for the Russian Ruble to Become Regional Reserve Currency," Working Papers 118, Gaidar Institute for Economic Policy, revised 2015.
    5. Òscar Jordà & Alan M. Taylor, 2011. "Performance Evaluation of Zero Net-Investment Strategies," NBER Working Papers 17150, National Bureau of Economic Research, Inc.
    6. Accominotti, Olivier & Chambers, David, 2016. "If you’re so smart: John Maynard Keynes and currency speculation in the interwar years," LSE Research Online Documents on Economics 64722, London School of Economics and Political Science, LSE Library.
    7. Travis J. Berge, 2011. "Forecasting disconnected exchange rates," Research Working Paper RWP 11-12, Federal Reserve Bank of Kansas City.
    8. Reitz, Stefan & Umlandt, Dennis, 2021. "Currency returns and FX dealer balance sheets," Journal of International Economics, Elsevier, vol. 133(C).
    9. Travis J. Berge & Òscar Jordà, 2011. "A chronology of turning points in economic activity: Spain, 1850-2011," Research Working Paper RWP 11-14, Federal Reserve Bank of Kansas City.
    10. Elias, Nikolaos & Smyrnakis, Dimitris & Tzavalis, Elias, 2024. "The forward premium anomaly and the currency carry trade hypothesis," The Quarterly Review of Economics and Finance, Elsevier, vol. 95(C), pages 203-218.
    11. Stanislav Anatolyev & Nikolay Gospodinov & Ibrahim Jamali & Xiaochun Liu, 2015. "Foreign exchange predictability during the financial crisis: implications for carry trade profitability," FRB Atlanta Working Paper 2015-6, Federal Reserve Bank of Atlanta.
    12. Yung, Julieta, 2021. "Can interest rate factors explain exchange rate fluctuations?," Journal of Empirical Finance, Elsevier, vol. 61(C), pages 34-56.
    13. Sergey Narkevich & Pavel Trunin, 2012. "Reserve Currencies: Factors of Evolution and their Role in the World Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 162P.
    14. Anatolyev, Stanislav & Gospodinov, Nikolay & Jamali, Ibrahim & Liu, Xiaochun, 2017. "Foreign exchange predictability and the carry trade: A decomposition approach," Journal of Empirical Finance, Elsevier, vol. 42(C), pages 199-211.

  42. Taylor, Alan M. & Jordà , Òscar, 2009. "The Carry Trade and Fundamentals: Nothing to Fear But FEER Itself," CEPR Discussion Papers 7568, C.E.P.R. Discussion Papers.

    Cited by:

    1. Baoqiang Zhan & Shu Zhang & Helen S. Du & Xiaoguang Yang, 2022. "Exploring Statistical Arbitrage Opportunities Using Machine Learning Strategy," Computational Economics, Springer;Society for Computational Economics, vol. 60(3), pages 861-882, October.
    2. Yamani, Ehab, 2019. "Diversification role of currency momentum for carry trade: Evidence from financial crises," Journal of Multinational Financial Management, Elsevier, vol. 49(C), pages 1-19.
    3. Egbers, Tom & Swinkels, Laurens, 2015. "Can implied volatility predict returns on the currency carry trade?," Journal of Banking & Finance, Elsevier, vol. 59(C), pages 14-26.
    4. Michał Rubaszek & Joscha Beckmann & Michele Ca’ Zorzi & Marek Kwas, 2025. "Boosting Carry with Equilibrium Exchange Rate Estimates," Open Economies Review, Springer, vol. 36(4), pages 1281-1307, September.
    5. Byrne, Joseph P. & Ibrahim, Boulis Maher & Sakemoto, Ryuta, 2022. "The time-varying risk price of currency portfolios," Journal of International Money and Finance, Elsevier, vol. 124(C).
    6. Colacito, Riccardo & Riddiough, Steven J. & Sarno, Lucio, 2020. "Business cycles and currency returns," Journal of Financial Economics, Elsevier, vol. 137(3), pages 659-678.
    7. Malin Gardberg, 2022. "Exchange Rate Sensitivity and the Net Foreign Asset Composition," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(2-3), pages 569-598, March.
    8. Ahmed, Jameel & Straetmans, Stefan, 2015. "Predicting exchange rate cycles utilizing risk factors," Journal of Empirical Finance, Elsevier, vol. 34(C), pages 112-130.
    9. Charles Engel, 2013. "Exchange Rates and Interest Parity," NBER Working Papers 19336, National Bureau of Economic Research, Inc.
    10. Andrew Clare & James Seaton & Peter N. Smith & Stephen Thomas, 2015. "Carry and Trend Following Returns in the Foreign Exchange Market," Discussion Papers 15/07, Department of Economics, University of York.
    11. Malliaris, A.G. & Malliaris, Mary, 2011. "Are foreign currency markets interdependent? evidence from data mining technologies," MPRA Paper 35261, University Library of Munich, Germany.
    12. Boonman, T.M. & Jacobs, J.P.A.M. & Kuper, G.H., 2013. "Sovereign debt crises in Latin America," Research Report 13016-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    13. Chernov, Mikhail & Creal, Drew, 2018. "Multihorizon Currency Returns and Purchasing Power Parity," CEPR Discussion Papers 12893, C.E.P.R. Discussion Papers.
    14. Charles Engel, 2015. "Exchange Rates, Interest Rates, and the Risk Premium," NBER Working Papers 21042, National Bureau of Economic Research, Inc.
    15. Gokcen Ogruk, 2014. "Is Implied Taylor Rule Interest Rate Applicable as a Carry Trade Strategy?," International Journal of Economics and Financial Issues, Econjournals, vol. 4(4), pages 909-919.
    16. Hoffmann, Mathias & Studer-Suter, Rahel, 2017. "Systematic consumption risk in currency returns," Journal of International Money and Finance, Elsevier, vol. 74(C), pages 187-208.
    17. Engel, Charles, 2011. "The Real Exchange Rate, Real Interest Rates, and the Risk Premium," Economics Series 265, Institute for Advanced Studies.
    18. Christian Gayer & Alessandro Girardi & Andreas Reuter, 2016. "Replacing Judgment by Statistics: Constructing Consumer Confidence Indicators on the basis of Data-driven Techniques. The Case of the Euro Area," Working Papers LuissLab 16125, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    19. Daehwan Kim & Chi-Young Song, 2014. "Country Fundamentals and Currency Excess Returns," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 18(2), pages 111-142.
    20. Geert Bekaert & George Panayotov, 2019. "Good Carry, Bad Carry," NBER Working Papers 25420, National Bureau of Economic Research, Inc.
    21. Berg, Kimberly A. & Mark, Nelson C., 2018. "Measures of global uncertainty and carry-trade excess returns," Journal of International Money and Finance, Elsevier, vol. 88(C), pages 212-227.
    22. Maldonado, Norma & Rozo, Carlos A., 2017. "Currency carry trade and the cost of international reserves in Mexico," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    23. Tim Meyer, 2019. "On the Directional Accuracy of United States Housing Starts Forecasts: Evidence from Survey Data," The Journal of Real Estate Finance and Economics, Springer, vol. 58(3), pages 457-488, April.
    24. Aastveit, Knut Are & Anundsen, André K. & Herstad, Eyo I., 2019. "Residential investment and recession predictability," International Journal of Forecasting, Elsevier, vol. 35(4), pages 1790-1799.
    25. Travis J. Berge & Òscar Jordà & Alan M. Taylor, 2010. "Currency Carry Trades," NBER Working Papers 16491, National Bureau of Economic Research, Inc.
    26. Tarek A. Hassan & Rui C. Mano, 2014. "Forward and Spot Exchange Rates in a Multi-currency World," NBER Working Papers 20294, National Bureau of Economic Research, Inc.
    27. Sarno, Lucio & Menkhoff, Lukas & Schmeling, Maik & Schrimpf, Paul, 2016. "Currency Value," CEPR Discussion Papers 11324, C.E.P.R. Discussion Papers.
    28. Jeremy Graveline & Irina Zviadadze & Mikhail Chernov, 2012. "Crash Risk in Currency Returns," 2012 Meeting Papers 753, Society for Economic Dynamics.
    29. Maas, Benedikt, 2019. "Nowcasting and forecasting US recessions: Evidence from the Super Learner," MPRA Paper 96408, University Library of Munich, Germany.
    30. Rogoff, Kenneth S. & Tashiro, Takeshi, 2015. "Japan’s exorbitant privilege," Scholarly Articles 34299169, Harvard University Department of Economics.
    31. Feng, Wenjun & Zhang, Zhengjun, 2023. "Currency exchange rate predictability: The new power of Bitcoin prices," Journal of International Money and Finance, Elsevier, vol. 132(C).
    32. Cavusoglu, Nevin & Goldberg, Michael D. & Stillwagon, Josh, 2021. "Currency returns and downside risk: Debt, volatility, and the gap from benchmark values," Journal of Macroeconomics, Elsevier, vol. 68(C).
    33. Sam Nasypbek & Scheherazade S Rehman, 2011. "Explaining the returns of active currency managers," BIS Papers chapters, in: Bank for International Settlements (ed.), Portfolio and risk management for central banks and sovereign wealth funds, volume 58, pages 211-256, Bank for International Settlements.
    34. Engel, Charles & Wu, Steve Pak Yeung, 2021. "Forecasting the U.S. Dollar in the 21st Century," CEPR Discussion Papers 15915, C.E.P.R. Discussion Papers.
    35. Maake, Tebogo & Bonga-Bonga, Lumengo, 2019. "The relationship between carry trade and asset markets in South Africa," MPRA Paper 96667, University Library of Munich, Germany.
    36. Emilio Colombo & Gianfranco Forte & Roberto Rossignoli, 2017. "Carry trade returns with Support Vector Machines," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis1705, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    37. Òscar Jordà & Alan M. Taylor, 2011. "Performance Evaluation of Zero Net-Investment Strategies," NBER Working Papers 17150, National Bureau of Economic Research, Inc.
    38. Huang, Huichou & MacDonald, Ronald & Zhao, Yang, 2012. "Global Currency Misalignments, Crash Sensitivity, and Downside Insurance Costs," MPRA Paper 53745, University Library of Munich, Germany, revised 18 Nov 2013.
    39. Wenliang Guo, 2020. "Currency Regimes, Volatility Risks, and Carry Trades: The Option Value of Government Currency Intervention in Emerging Markets," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 10(3), pages 1-4.
    40. Byrne, Joseph P. & Sakemoto, Ryuta, 2021. "The conditional volatility premium on currency portfolios," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
    41. Kenneth S. ROGOFF & Takeshi TASHIRO, 2014. "Japan's Exorbitant Privilege," Discussion papers 14047, Research Institute of Economy, Trade and Industry (RIETI).
    42. Melvin, Michael & Prins, John & Shand, Duncan, 2013. "Forecasting Exchange Rates: an Investor Perspective," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 721-750, Elsevier.
    43. Cepni, Oguzhan & Emirmahmutoglu, Furkan & Guney, Ibrahim Ethem & Yilmaz, Muhammed Hasan, 2023. "Do the carry trades respond to geopolitical risks? Evidence from BRICS countries," Economic Systems, Elsevier, vol. 47(2).
    44. Travis J. Berge, 2011. "Forecasting disconnected exchange rates," Research Working Paper RWP 11-12, Federal Reserve Bank of Kansas City.
    45. Mr. Reinout De Bock & Mr. Irineu E de Carvalho Filho, 2013. "The Behavior of Currencies during Risk-off Episodes," IMF Working Papers 2013/008, International Monetary Fund.
    46. Mulder, Arjen & Tims, Ben, 2018. "Conditioning carry trades: Less risk, more return," Journal of International Money and Finance, Elsevier, vol. 85(C), pages 1-19.
    47. Christopher J. Neely & Paul A. Weller, 2011. "Lessons from the evolution of foreign exchange trading strategies," Working Papers 2011-021, Federal Reserve Bank of St. Louis.
    48. Dupuy, Philippe, 2021. "Risk-adjusted return managed carry trade," Journal of Banking & Finance, Elsevier, vol. 129(C).
    49. Aydanur GACENER-ATIŞ & Deniz ERER, 2019. "Effects of Capital Flows on Carry Trade Activities: The Case of TurkeyAbstract: Carry trade is described as the capital flow coming into a country based on interest rate differential. A negative chang," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(42).
    50. Javier Prado-Dominguez & Carlos Fernández-Herráiz, 2015. "A Sharpe-ratio-based measure for currencies," European Journal of Government and Economics, Europa Grande, vol. 4(1), pages 67-75, June.
    51. Ding, Liang & Ma, Jun, 2013. "Portfolio reallocation and exchange rate dynamics," Journal of Banking & Finance, Elsevier, vol. 37(8), pages 3100-3124.
    52. Stijn Claessens & M Ayhan Kose, 2018. "Frontiers of macrofinancial linkages," BIS Papers, Bank for International Settlements, number 95, May.
    53. Copeland, Laurence & Lu, Wenna, 2016. "Dodging the steamroller: Fundamentals versus the carry trade," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 42(C), pages 115-131.
    54. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2010. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," NBER Working Papers 16567, National Bureau of Economic Research, Inc.
    55. Mario Cerrato & Danyang Li & Zhekai Zhang, 2020. "Factor Investing and forex Portfolio Management," Working Papers 2020_01, Business School - Economics, University of Glasgow.
    56. Hambuckers, J. & Ulm, M., 2023. "On the role of interest rate differentials in the dynamic asymmetry of exchange rates," Economic Modelling, Elsevier, vol. 129(C).
    57. Liu, Weiling & Moench, Emanuel, 2016. "What predicts US recessions?," International Journal of Forecasting, Elsevier, vol. 32(4), pages 1138-1150.
    58. Laborda, Juan & Laborda, Ricardo & Olmo, Jose, 2014. "Optimal currency carry trade strategies," International Review of Economics & Finance, Elsevier, vol. 33(C), pages 52-66.
    59. Kremens, Lukas & Martin, Ian, 2019. "The quanto theory of exchange rates," LSE Research Online Documents on Economics 89839, London School of Economics and Political Science, LSE Library.
    60. Travis J. Berge & Òscar Jordà, 2011. "A chronology of turning points in economic activity: Spain, 1850-2011," Research Working Paper RWP 11-14, Federal Reserve Bank of Kansas City.
    61. Dahlquist, Magnus & Pénasse, Julien, 2022. "The missing risk premium in exchange rates," Journal of Financial Economics, Elsevier, vol. 143(2), pages 697-715.
    62. Kunkler, Michael, 2022. "Hedging local currency risk with precious metals," The North American Journal of Economics and Finance, Elsevier, vol. 59(C).
    63. Christian Mueller-Kademann, 2016. "The puzzle that just isn't," Papers 1604.08895, arXiv.org.
    64. Grossmann, Axel & Orlov, Alexei G., 2022. "Exchange rate misalignments, capital flows and volatility," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
    65. Elias, Nikolaos & Smyrnakis, Dimitris & Tzavalis, Elias, 2022. "Predicting future exchange rate changes based on interest rates and holding-period returns differentials net of the forward risk premium effects," International Review of Economics & Finance, Elsevier, vol. 79(C), pages 694-715.
    66. Michael Melvin & Duncan Shand, 2016. "When Carry Goes Bad: The Magnitude, Causes, and Duration of Currency Carry Unwinds," CESifo Working Paper Series 6210, CESifo.
    67. Habib, Maurizio M. & Stracca, Livio, 2012. "Getting beyond carry trade: What makes a safe haven currency?," Journal of International Economics, Elsevier, vol. 87(1), pages 50-64.
    68. Elias, Nikolaos & Smyrnakis, Dimitris & Tzavalis, Elias, 2024. "The forward premium anomaly and the currency carry trade hypothesis," The Quarterly Review of Economics and Finance, Elsevier, vol. 95(C), pages 203-218.
    69. Xue Jiang & Liyan Han & Yang Xu, 2021. "How does skewness perform in the Chinese commodity futures market?," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 41(8), pages 1268-1285, August.
    70. Liu, Yang & Shaliastovich, Ivan, 2022. "Government policy approval and exchange rates," Journal of Financial Economics, Elsevier, vol. 143(1), pages 303-331.
    71. Kose, M. Ayhan & Claessens, Stijn, 2017. "Asset Prices and Macroeconomic Outcomes: A Survey," CEPR Discussion Papers 12460, C.E.P.R. Discussion Papers.
    72. Accominotti, Olivier & Chambers, David, 2014. "Out-of-Sample Evidence on the Returns to Currency Trading," CEPR Discussion Papers 9852, C.E.P.R. Discussion Papers.
    73. Kwas, Marek & Beckmann, Joscha & Rubaszek, Michał, 2024. "Are consensus FX forecasts valuable for investors?," International Journal of Forecasting, Elsevier, vol. 40(1), pages 268-284.
    74. Stanislav Anatolyev & Nikolay Gospodinov & Ibrahim Jamali & Xiaochun Liu, 2015. "Foreign exchange predictability during the financial crisis: implications for carry trade profitability," FRB Atlanta Working Paper 2015-6, Federal Reserve Bank of Atlanta.
    75. Bozhechkova Alexandra & Trunin Pavel & Sinelnikova-Muryleva Elena & Petrova Diana & Chentsov Alexander, 2018. "Building of monetary and currency markets models," Research Paper Series, Gaidar Institute for Economic Policy, issue 175P, pages 1-96.
    76. Jiang, Xue & Han, Liyan & Yin, Libo, 2019. "Currency strategies based on momentum, carry trade and skewness," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 517(C), pages 121-131.
    77. Mei-Li Shen & Cheng-Feng Lee & Hsiou-Hsiang Liu & Po-Yin Chang & Cheng-Hong Yang, 2021. "An Effective Hybrid Approach for Forecasting Currency Exchange Rates," Sustainability, MDPI, vol. 13(5), pages 1-29, March.
    78. Alexandra Janssen & Rahel Studer, 2014. "The Swiss franc's honeymoon," ECON - Working Papers 170, Department of Economics - University of Zurich, revised Jan 2017.
    79. Kimberly Berg & Nelson C. Mark, 2016. "Global Macro Risks in Currency Excess Returns," Staff Working Papers 16-32, Bank of Canada.
    80. Silvia Miranda Agrippino & Hélène Rey, 2013. "Funding Flows and Credit in Carry Trade Economies," RBA Annual Conference Volume (Discontinued), in: Alexandra Heath & Matthew Lilley & Mark Manning (ed.),Liquidity and Funding Markets, Reserve Bank of Australia.
    81. Dahlquist, Magnus & Hasseltoft, Henrik, 2020. "Economic momentum and currency returns," Journal of Financial Economics, Elsevier, vol. 136(1), pages 152-167.
    82. Hsu, Po-Hsuan & Taylor, Mark P. & Wang, Zigan & Li, Yan, 2024. "The out-of-sample performance of carry trades," Journal of International Money and Finance, Elsevier, vol. 143(C).
    83. Pierdzioch, Christian & Rülke, Jan-Christoph, 2015. "On the directional accuracy of forecasts of emerging market exchange rates," International Review of Economics & Finance, Elsevier, vol. 38(C), pages 369-376.
    84. Gardberg, Malin, 2018. "Linking Net Foreign Portfolio Debt and Equity to Exchange Rate Movements," Working Paper Series 1246, Research Institute of Industrial Economics.
    85. Hasselgren, Anton & Peltomäki, Jarkko & Graham, Michael, 2020. "Speculator activity and the cross-asset predictability of FX returns," International Review of Financial Analysis, Elsevier, vol. 72(C).
    86. Ian Martin, 2011. "The Forward Premium Puzzle in a Two-Country World," NBER Working Papers 17564, National Bureau of Economic Research, Inc.
    87. Byrne, Joseph P & Ibrahim, Boulis Maher & Sakemoto, Ryuta, 2017. "Carry Trades and Commodity Risk Factors," MPRA Paper 80789, University Library of Munich, Germany.
    88. Kent Daniel & Robert J. Hodrick & Zhongjin Lu, 2014. "The Carry Trade: Risks and Drawdowns," NBER Working Papers 20433, National Bureau of Economic Research, Inc.
    89. Travis J. Berge & Òscar Jordà, 2011. "Evaluating the Classification of Economic Activity into Recessions and Expansions," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(2), pages 246-277, April.
    90. Mikhail Chernov & Magnus Dahlquist & Lars Lochstoer, 2023. "Pricing Currency Risks," Journal of Finance, American Finance Association, vol. 78(2), pages 693-730, April.
    91. Cho, Dooyeon & Doblas-Madrid, Antonio, 2014. "Trade intensity and purchasing power parity," Journal of International Economics, Elsevier, vol. 93(1), pages 194-209.
    92. Bowen Fu, 2019. "Bubbles and crises: Replicating the Anundsen et al. (2016) results," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(5), pages 822-826, August.
    93. Alessio Anzuini & Fabio Fornari, 2011. "Macroeconomic determinants of carry trade activity," Temi di discussione (Economic working papers) 817, Bank of Italy, Economic Research and International Relations Area.
    94. Anatolyev, Stanislav & Gospodinov, Nikolay & Jamali, Ibrahim & Liu, Xiaochun, 2017. "Foreign exchange predictability and the carry trade: A decomposition approach," Journal of Empirical Finance, Elsevier, vol. 42(C), pages 199-211.
    95. André Mollick & Tibebe Assefa, 2013. "Carry-trades on the yen and the Swiss franc: are they different?," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 37(3), pages 402-423, July.
    96. Tim A. Kroencke & Felix Schindler & Andreas Schrimpf, 2014. "International Diversification Benefits with Foreign Exchange Investment Styles," Review of Finance, European Finance Association, vol. 18(5), pages 1847-1883.
    97. Chernov, Mikhail & Graveline, Jeremy & Zviadadze, Irina, 2012. "Sources of Risk in Currency Returns," CEPR Discussion Papers 8745, C.E.P.R. Discussion Papers.
    98. Robert E. Cumby, 2010. "Comment on "Currency Carry Trades"," NBER Chapters, in: NBER International Seminar on Macroeconomics 2010, pages 389-394, National Bureau of Economic Research, Inc.
    99. Coudert, Virginie & Mignon, Valérie, 2013. "The “forward premium puzzle” and the sovereign default risk," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 491-511.
    100. Grossmann, Axel & Paul, Chris & Simpson, Marc W., 2017. "The impact of exchange rate deviations from relative PPP equilibrium on the U.S. demand for foreign equities," Journal of International Money and Finance, Elsevier, vol. 77(C), pages 57-76.
    101. Ristolainen, Kim & Roukka, Tomi & Nyberg, Henri, 2024. "A thousand words tell more than just numbers: Financial crises and historical headlines," Journal of Financial Stability, Elsevier, vol. 70(C).
    102. Kornél Kisgergely, 2012. "Is there a carry trade channel of monetary policy in emerging countries?," MNB Working Papers 2012/3, Magyar Nemzeti Bank (Central Bank of Hungary).
    103. Auer, Benjamin R. & Hoffmann, Andreas, 2016. "Do carry trade returns show signs of long memory?," The Quarterly Review of Economics and Finance, Elsevier, vol. 61(C), pages 201-208.
    104. Snaith, Stuart & Coakley, Jerry & Kellard, Neil, 2013. "Does the forward premium puzzle disappear over the horizon?," Journal of Banking & Finance, Elsevier, vol. 37(9), pages 3681-3693.
    105. Dick, Christian D. & MacDonald, Ronald & Menkhoff, Lukas, 2011. "Individual exchange rate forecasts and expected fundamentals," ZEW Discussion Papers 11-062, ZEW - Leibniz Centre for European Economic Research.

  43. Oscar Jorda & Massimiliano Marcellino, 2008. "Path Forecast Evaluation," Working Papers 131, University of California, Davis, Department of Economics.

    Cited by:

    1. Matei Demetrescu & Mu-Chun Wang, 2014. "Incorporating Asymmetric Preferences into Fan Charts and Path Forecasts," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 76(2), pages 287-297, April.
    2. Michael W. McCracken & Joseph McGillicuddy, 2017. "An Empirical Investigation of Direct and Iterated Multistep Conditional Forecasts," Working Papers 2017-40, Federal Reserve Bank of St. Louis.
    3. Grabowski, Daniel & Staszewska-Bystrova, Anna, 2018. "Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181590, Verein für Socialpolitik / German Economic Association.
    4. Stefan Bruder, 2014. "Comparing several methods to compute joint prediction regions for path forecasts generated by vector autoregressions," ECON - Working Papers 181, Department of Economics - University of Zurich, revised Dec 2015.
    5. Ricardo J. Bessa & Corinna Möhrlen & Vanessa Fundel & Malte Siefert & Jethro Browell & Sebastian Haglund El Gaidi & Bri-Mathias Hodge & Umit Cali & George Kariniotakis, 2017. "Towards Improved Understanding of the Applicability of Uncertainty Forecasts in the Electric Power Industry," Energies, MDPI, vol. 10(9), pages 1-48, September.
    6. Andrew Martinez, 2017. "Testing for Differences in Path Forecast Accuracy: Forecast-Error Dynamics Matter," Working Papers (Old Series) 1717, Federal Reserve Bank of Cleveland.
    7. Lütkepohl, Helmut & Staszewska-Bystrova, Anna & Winker, Peter, 2020. "Constructing joint confidence bands for impulse response functions of VAR models – A review," Econometrics and Statistics, Elsevier, vol. 13(C), pages 69-83.
    8. Staszewska-Bystrova Anna, 2013. "Modified Scheffé’s Prediction Bands," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(5-6), pages 680-690, October.
    9. Jeanne Aslak Petersen & Ditte Heide-Jørgensen & Nina Detlefsen & Trine Boomsma, 2016. "Short-term balancing of supply and demand in an electricity system: forecasting and scheduling," Annals of Operations Research, Springer, vol. 238(1), pages 449-473, March.
    10. Kilian, Lutz & Kim, Yun Jung, 2009. "Do Local Projections Solve the Bias Problem in Impulse Response Inference?," CEPR Discussion Papers 7266, C.E.P.R. Discussion Papers.
    11. Schüssler, Rainer & Trede, Mark, 2016. "Constructing minimum-width confidence bands," Economics Letters, Elsevier, vol. 145(C), pages 182-185.
    12. Lynda Khalaf & Beatriz Peraza López, 2020. "Simultaneous Indirect Inference, Impulse Responses and ARMA Models," Econometrics, MDPI, vol. 8(2), pages 1-26, April.
    13. Christodoulakis, George, 2020. "Estimating the term structure of commodity market preferences," European Journal of Operational Research, Elsevier, vol. 282(3), pages 1146-1163.
    14. Pinto, Rui & Bessa, Ricardo J. & Matos, Manuel A., 2017. "Multi-period flexibility forecast for low voltage prosumers," Energy, Elsevier, vol. 141(C), pages 2251-2263.
    15. Farooq Akram & Andrew Binning & Junior Maih, 2016. "Joint prediction bands for macroeconomic risk management," Working Paper 2016/7, Norges Bank.
    16. Carson, Richard T. & Cenesizoglu, Tolga & Parker, Roger, 2011. "Forecasting (aggregate) demand for US commercial air travel," International Journal of Forecasting, Elsevier, vol. 27(3), pages 923-941, July.
    17. Ivan Svetunkov & Nikolaos Kourentzes & Rebecca Killick, 2024. "Multi-step estimators and shrinkage effect in time series models," Computational Statistics, Springer, vol. 39(3), pages 1203-1239, May.
    18. Regmi, Hari & Kuethe, Todd H. & Foster, Kenneth A., 2022. "Evaluation of USDA's Agricultural Exports Projections," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322363, Agricultural and Applied Economics Association.
    19. Håvard Hungnes, 2020. "Equal predictability test for multi-step-ahead system forecasts invariant to linear transformations," Discussion Papers 931, Statistics Norway, Research Department.
    20. Helmut Lütkepohl & Anna Staszewska-Bystrova & Peter Winker, 2014. "Confidence Bands for Impulse Responses: Bonferroni versus Wald," CESifo Working Paper Series 4634, CESifo.
    21. Tomasz Serafin & Grzegorz Marcjasz & Rafal Weron, 2020. "Trading on short-term path forecasts of intraday electricity prices," WORking papers in Management Science (WORMS) WORMS/20/17, Department of Operations Research and Business Intelligence, Wroclaw University of Science and Technology.
    22. Antoniadis, Anestis & Brossat, Xavier & Cugliari, Jairo & Poggi, Jean-Michel, 2016. "A prediction interval for a function-valued forecast model: Application to load forecasting," International Journal of Forecasting, Elsevier, vol. 32(3), pages 939-947.
    23. Charemza, Wojciech & Makarova, Svetlana & Rybiński, Krzysztof, 2022. "Economic uncertainty and natural language processing; The case of Russia," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 546-562.
    24. Jordà, Òscar & Knüppel, Malte & Marcellino, Massimiliano, 2013. "Empirical simultaneous prediction regions for path-forecasts," International Journal of Forecasting, Elsevier, vol. 29(3), pages 456-468.
    25. Lütkepohl, Helmut & Staszewska-Bystrova, Anna & Winker, Peter, 2013. "Comparison of methods for constructing joint confidence bands for impulse response functions," SFB 649 Discussion Papers 2013-031, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    26. Olga Isengildina‐Massa & Berna Karali & Todd H. Kuethe & Ani L. Katchova, 2021. "Joint Evaluation of the System of USDA's Farm Income Forecasts," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(3), pages 1140-1160, September.
    27. Cepni, Oguzhan & Clements, Michael P., 2024. "How local is the local inflation factor? Evidence from emerging European countries," International Journal of Forecasting, Elsevier, vol. 40(1), pages 160-183.
    28. Giuseppe Cavaliere & Dimitris N. Politis & Anders Rahbek & Michael Wolf & Dan Wunderli, 2015. "Recent developments in bootstrap methods for dependent data," Journal of Time Series Analysis, Wiley Blackwell, vol. 36(3), pages 352-376, May.
    29. Dag Kolsrud, 2015. "A Time‐Simultaneous Prediction Box for a Multivariate Time Series," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 34(8), pages 675-693, December.
    30. Hendry, David F. & Pretis, Felix, 2023. "Analysing differences between scenarios," International Journal of Forecasting, Elsevier, vol. 39(2), pages 754-771.
    31. Chevillon, Guillaume, 2016. "Multistep forecasting in the presence of location shifts," International Journal of Forecasting, Elsevier, vol. 32(1), pages 121-137.
    32. Anna Staszewska‐Bystrova, 2011. "Bootstrap prediction bands for forecast paths from vector autoregressive models," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 30(8), pages 721-735, December.
    33. Chevillon, Guillaume, 2009. "Multi-step forecasting in emerging economies: An investigation of the South African GDP," International Journal of Forecasting, Elsevier, vol. 25(3), pages 602-628, July.
    34. Kuethe, Todd H. & Regmi, Hari, 2023. "An Evaluation of Congressional Budget Office’s Baseline Projections of USDA Mandatory Farm and Nutrition Programs," 2023 Annual Meeting, July 23-25, Washington D.C. 335690, Agricultural and Applied Economics Association.
    35. Jeanne Aslak Petersen & Ditte Mølgård Heide-Jørgensen & Nina Kildegaard Detlefsen & Trine Krogh Boomsma, 2016. "Short-term balancing of supply and demand in an electricity system: forecasting and scheduling," Annals of Operations Research, Springer, vol. 238(1), pages 449-473, March.
    36. Staszewska-Bystrova, Anna & Winker, Peter, 2013. "Constructing narrowest pathwise bootstrap prediction bands using threshold accepting," International Journal of Forecasting, Elsevier, vol. 29(2), pages 221-233.
    37. Paolo Vidoni, 2017. "Improved multivariate prediction regions for Markov process models," Statistical Methods & Applications, Springer;Società Italiana di Statistica, vol. 26(1), pages 1-18, March.
    38. Pinson, P. & Girard, R., 2012. "Evaluating the quality of scenarios of short-term wind power generation," Applied Energy, Elsevier, vol. 96(C), pages 12-20.

  44. Oscar Jorda, 2007. "Inference for Impulse Responses," Working Papers 201, University of California, Davis, Department of Economics.

    Cited by:

    1. Uluc Aysun & Ryan Brady & Adam Honig, 2009. "Financial Frictions and Monetary Transmission Strength: A Cross-Country Analysis," Working papers 2009-24, University of Connecticut, Department of Economics, revised Jun 2010.
    2. Ryan R. Brady, 2007. "Measuring the diffusion of housing prices across space and over time," Departmental Working Papers 19, United States Naval Academy Department of Economics.

  45. Òscar Jordà & Sharon Kozicki, 2007. "Estimation and Inference by the Method of Projection Minimum Distance," Staff Working Papers 07-56, Bank of Canada.

    Cited by:

    1. Alastair R. Hall & Atsushi Inoue & James M Nason & Barbara Rossi, 2009. "Information Criteria for Impulse Response Function Matching Estimation of DSGE Models," Centre for Growth and Business Cycle Research Discussion Paper Series 127, Economics, The University of Manchester.
    2. Poghosyan, Karen & Boldea, Otilia, 2013. "Structural versus matching estimation: Transmission mechanisms in Armenia," Economic Modelling, Elsevier, vol. 30(C), pages 136-148.
    3. Yu, Qionglei & McManus, Richard & Yen, Dorothy A. & Li, Xiang (Robert), 2020. "Tourism boycotts and animosity: A study of seven events," Annals of Tourism Research, Elsevier, vol. 80(C).
    4. Marcellino, Massimiliano & Jordà , Òscar, 2008. "Path Forecast Evaluation," CEPR Discussion Papers 7009, C.E.P.R. Discussion Papers.
    5. Kilian, Lutz & Kim, Yun Jung, 2009. "Do Local Projections Solve the Bias Problem in Impulse Response Inference?," CEPR Discussion Papers 7266, C.E.P.R. Discussion Papers.
    6. Poghosyan, K., 2012. "Structural and reduced-form modeling and forecasting with application to Armenia," Other publications TiSEM ad1a24c3-15e6-4f04-b338-3, Tilburg University, School of Economics and Management.
    7. Konstantinos Theodoridis, 2011. "An efficient minimum distance estimator for DSGE models," Bank of England working papers 439, Bank of England.
    8. Francisco RUGE-MURCIA, 2014. "Indirect Inference Estimation of Nonlinear Dynamic General Equilibrium Models : With an Application to Asset Pricing under Skewness Risk," Cahiers de recherche 15-2014, Centre interuniversitaire de recherche en économie quantitative, CIREQ.

  46. Oscar Jorda & Sharon Kozicki, 2006. "Projection Minimum Distance: An Estimator for Dynamic Macroeconomic Models," Working Papers 154, University of California, Davis, Department of Economics.

    Cited by:

    1. Oscar Jorda, 2007. "Joint Inference and Counterfactual experimentation for Impulse Response Functions by Local Projections," Working Papers 107, University of California, Davis, Department of Economics.
    2. Stefan Collignon, 2024. "The Tale of Two Economies: Inflationary Dynamics in the Euro Area and the US in the Context of Uncertainty," Economies, MDPI, vol. 12(7), pages 1-27, June.

  47. Oscar Jorda, 2003. "Random-Time Aggregation In Partial Ajustment Models," Working Papers 212, University of California, Davis, Department of Economics.

    Cited by:

    1. David Berger & Ricardo Caballero & Eduardo Engel, 2017. "Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models," Working Papers wp446, University of Chile, Department of Economics.
    2. Rafal Raciborski, 2008. "Searching for additional sources of inflation persistence : the micro-price panel data approach," Working Paper Research 132, National Bank of Belgium.
    3. Artem Prokhorov & Peter Radchenko & Alexander Semenov & Anton Skrobotov, 2024. "Change-Point Detection in Time Series Using Mixed Integer Programming," Papers 2408.05665, arXiv.org, revised May 2025.
    4. Shigeru Fujita & Garey Ramey, 2006. "The cyclicality of job loss and hiring," Working Papers 06-17, Federal Reserve Bank of Philadelphia.
    5. Oscar Jorda & Massimiliano Marcellino, 2003. "Time-Scale Transformations of Discrete-Time Processes," Working Papers 65, University of California, Davis, Department of Economics.
    6. Claudia Foroni & Massimiliano Marcellino, 2013. "Mixed frequency structural models: estimation, and policy analysis," Working Paper 2013/15, Norges Bank.
    7. Lin, Winston T. & Chen, Yueh H. & Hung, TingShu, 2019. "A partial adjustment valuation approach with stochastic and dynamic speeds of partial adjustment to measuring and evaluating the business value of information technology," European Journal of Operational Research, Elsevier, vol. 272(2), pages 766-779.
    8. Lin, Winston T. & Kao, Ta-Wei (Daniel), 2014. "The partial adjustment valuation approach with dynamic and variable speeds of adjustment to evaluating and measuring the business value of information technology," European Journal of Operational Research, Elsevier, vol. 238(1), pages 208-220.
    9. Massimiliano Marcellino & Oscar Jorda, "undated". "Stochastic Processes Subject to Time-Scale Transformations: An Application to High-Frequency FX Data," Working Papers 164, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.

  48. Oscar Jorda & James D. Hamilton, 2003. "A model for the federal funds rate target," Working Papers 176, University of California, Davis, Department of Economics.

    Cited by:

    1. Juan J. Dolado & Ramón María‐Dolores, 2002. "Evaluating changes in the Bank of Spain's interest rate target: an alternative approach using marked point processes," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 64(2), pages 159-182, May.
    2. Giuseppe Cavaliere & Thomas Mikosch & Anders Rahbek & Frederik Vilandt, 2022. "The Econometrics of Financial Duration Modeling," Papers 2208.02098, arXiv.org, revised Dec 2022.
    3. William H.Greene & Max Gillman & Mark N. Harris & Christopher Spencer, 2013. "The Tempered Ordered Probit (TOP) model with an application to monetary policy," Discussion Paper Series 2013_10, Department of Economics, Loughborough University, revised Sep 2013.
    4. Dunbar, Kwamie & Amin, Abu S., 2012. "Credit risk dynamics in response to changes in the federal funds target: The implication for firm short-term debt," Review of Financial Economics, Elsevier, vol. 21(3), pages 141-152.
    5. Michael C. Davis, 2007. "The dynamics of daily retail gasoline prices," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(7), pages 713-722.
    6. Tim Bollerslev, 2008. "Glossary to ARCH (GARCH)," CREATES Research Papers 2008-49, Department of Economics and Business Economics, Aarhus University.
    7. Christopher J. Neely & Drew B. Winters, 2005. "Year-end seasonality in one-month LIBOR derivatives," Working Papers 2003-040, Federal Reserve Bank of St. Louis.
    8. Rebeca I. Muñoz Torres & David Shepherd, 2014. "Inflation Targeting and the Consistency of Monetary Policy Decisions in Mexico: an Empirical Analysis with Discrete Choice Models," Manchester School, University of Manchester, vol. 82, pages 21-46, December.
    9. Nowak, Sylwia & Anderson, Heather M., 2014. "How does public information affect the frequency of trading in airline stocks?," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 26-38.
    10. Oscar Jorda & Paul Bergin, 2003. "Monetary Policy Coordination: A New Empirical Approach," Working Papers 313, University of California, Davis, Department of Economics.
    11. Liao, Yin, 2013. "The benefit of modeling jumps in realized volatility for risk prediction: Evidence from Chinese mainland stocks," Pacific-Basin Finance Journal, Elsevier, vol. 23(C), pages 25-48.
    12. Eugene F. Fama, 2013. "Does the Fed Control Interest Rates?," The Review of Asset Pricing Studies, Society for Financial Studies, vol. 3(2), pages 180-199.
    13. Hakan Danis, 2017. "Nonlinearity and asymmetry in the monetary policy reaction function: a partially generalized ordered probit approach," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 7(2), pages 161-178, August.
    14. Gurnain Pasricha, 2017. "Policy Rules for Capital Controls," Staff Working Papers 17-42, Bank of Canada.
    15. Sirchenko Andrei, 2012. "A model for ordinal responses with an application to policy interest rate," EERC Working Paper Series 12/13e, EERC Research Network, Russia and CIS.
    16. Selva Demiralp, 2001. "Monetary policy in a changing world: rising role of expectations and the anticipation effect," Finance and Economics Discussion Series 2001-55, Board of Governors of the Federal Reserve System (U.S.).
    17. Sönksen, Jantje & Grammig, Joachim, 2021. "Empirical asset pricing with multi-period disaster risk: A simulation-based approach," Journal of Econometrics, Elsevier, vol. 222(1), pages 805-832.
    18. Baris Kocaarslan & Ugur Soytas, 2021. "The Asymmetric Impact of Funding Liquidity Risk on the Volatility of Stock Portfolios during the COVID-19 Crisis," Sustainability, MDPI, vol. 13(4), pages 1-12, February.
    19. Bauwens, Luc & Hautsch, Nikolaus, 2007. "Modelling financial high frequency data using point processes," SFB 649 Discussion Papers 2007-066, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    20. Selva Demiralp & Òscar Jordà, 2001. "The Pavlovian response of term rates to Fed announcements," Finance and Economics Discussion Series 2001-10, Board of Governors of the Federal Reserve System (U.S.).
    21. Selva Demiralp & Hakan Kara & Pinar Ozlu, 2011. "Monetary Policy Communication Under Inflation Targeting : Do Words Speak Louder Than Actions?," Working Papers 1118, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    22. Baris Kocaarslan, 2025. "Reserve currency and the time-varying link between uncertainties in commodity and financial markets," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 39(3), pages 415-441, September.
    23. Benjamin Gardner & Chiara Scotti & Clara Vega, 2021. "Words Speak as Loudly as Actions: Central Bank Communication and the Response of Equity Prices to Macroeconomic Announcements," Finance and Economics Discussion Series 2021-074, Board of Governors of the Federal Reserve System (U.S.).
    24. Thomas Gilbert & Chiara Scotti & Georg Strasser & Clara Vega, 2015. "Is the Intrinsic Value of Macroeconomic News Announcements Related to their Asset Price Impact?," Finance and Economics Discussion Series 2015-46, Board of Governors of the Federal Reserve System (U.S.).
    25. Liu, Yi & Liu, Huifang & Zhang, Lei, 2019. "Modeling and forecasting return jumps using realized variation measures," Economic Modelling, Elsevier, vol. 76(C), pages 63-80.
    26. Torben G. Andersen & Tim Bollerslev & Xin Huang, 2007. "A Reduced Form Framework for Modeling Volatility of Speculative Prices based on Realized Variation Measures," CREATES Research Papers 2007-14, Department of Economics and Business Economics, Aarhus University.
    27. Lucio Sarno & Daniel L. Thornton, 2002. "The dynamic relationship between the federal funds rate and the Treasury bill rate: an empirical investigation," Working Papers 2000-032, Federal Reserve Bank of St. Louis.
    28. Dimitrakopoulos, Stefanos & Dey, Dipak K., 2017. "Discrete-response state space models with conditional heteroscedasticity: An application to forecasting the federal funds rate target," Economics Letters, Elsevier, vol. 154(C), pages 20-23.
    29. Marlene Amstad & Andreas M. Fischer, 2009. "Do macroeconomic announcements move inflation forecasts?," Review, Federal Reserve Bank of St. Louis, vol. 91(Sep), pages 507-518.
    30. Michael C. Davis & James D. Hamilton, 2003. "Why Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices," NBER Working Papers 9741, National Bureau of Economic Research, Inc.
    31. Kevin Salyer & Oscar Jorda, 2003. "The Response of Term Rates to Monetary Policy Uncertainty," Working Papers 274, University of California, Davis, Department of Economics.
    32. Lahiri, Kajal & Yang, Liu, 2013. "Forecasting Binary Outcomes," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 1025-1106, Elsevier.
    33. Fischer, Andreas & Amstad, Marlene, 2005. "Shock Identification of Macroeconomic Forecasts Based on Daily Panels," CEPR Discussion Papers 5008, C.E.P.R. Discussion Papers.
    34. Baris Kocaarslan & Ugur Soytas, 2025. "How do the reserve currency and uncertainties in major markets affect the uncertainty of oil prices over time?," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 2016-2041, April.
    35. Kobayashi, Teruyoshi, 2009. "Announcements and the effectiveness of monetary policy: A view from the US prime rate," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2253-2266, December.
    36. Petar Chobanov & Amine LAHIANI & Nikolay NENOVSKY, 2010. "Money Market Integration and Sovereign CDS Spreads Dynamics in the New EU States," LEO Working Papers / DR LEO 1253, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    37. JdD Tena & E. Otranto, 2008. "A Realistic Model for Official Interest Rates," Working Paper CRENoS 200802, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    38. Sylvérie Herbert & Paul Hubert & Mathias Lé, 2025. "When does Monetary Policy Matter? Policy Stance vs. Term Premium News," Working papers 1017, Banque de France.
    39. Fernandes, Marcelo & Grammig, Joachim, 2005. "Nonparametric specification tests for conditional duration models," Journal of Econometrics, Elsevier, vol. 127(1), pages 35-68, July.
    40. George Monokroussos, 2005. "Dynamic Limited Dependent Variable Modeling and US Monetary Policy," Computing in Economics and Finance 2005 460, Society for Computational Economics.
    41. Toru Kitagawa & Weining Wang & Mengshan Xu, 2024. "Policy choice in time series by empirical welfare maximization," CeMMAP working papers 27/24, Institute for Fiscal Studies.
    42. Eichler, M. & Grothe, O. & Manner, H. & Türk, D.D.T., 2012. "Modeling spike occurrences in electricity spot prices for forecasting," Research Memorandum 029, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    43. Oscar Jorda, 2004. "Model-Free Impulse Responses," Macroeconomics 0403016, University Library of Munich, Germany.
    44. Belderbos, Rene & Ikeuchi, Kenta & Fukao, Kyoji & Kim, Young Gak & Kwon, Hyeog Ug, 2013. "Plant Productivity Dynamics and Private and Public R&D Spillovers: Technological, Geographic and Relational Proximity," CEI Working Paper Series 2013-05, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    45. Kocaarslan, Baris & Soytas, Ugur, 2019. "Dynamic correlations between oil prices and the stock prices of clean energy and technology firms: The role of reserve currency (US dollar)," Energy Economics, Elsevier, vol. 84(C).
    46. Peter Christoffersen & Denis Pelletier, 2003. "Backtesting Value-at-Risk: A Duration-Based Approach," CIRANO Working Papers 2003s-05, CIRANO.
    47. Ecenur Ugurlu‐Yildirim & Baris Kocaarslan & Beyza M. Ordu‐Akkaya, 2021. "Monetary policy uncertainty, investor sentiment, and US stock market performance: New evidence from nonlinear cointegration analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 1724-1738, April.
    48. Kocaarslan, Baris & Soytas, Ugur, 2023. "The role of major markets in predicting the U.S. municipal green bond market performance: New evidence from machine learning models," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    49. Zihui Yang & Yinggang Zhou, 2017. "Quantitative Easing and Volatility Spillovers Across Countries and Asset Classes," Management Science, INFORMS, vol. 63(2), pages 333-354, February.
    50. Sjoerd van den Hauwe & Dick van Dijk & Richard Paap, 2011. "Bayesian Forecasting of Federal Funds Target Rate Decisions," Tinbergen Institute Discussion Papers 11-093/4, Tinbergen Institute.
    51. Renne, Jean-Paul, 2016. "A tractable interest rate model with explicit monetary policy rates," European Journal of Operational Research, Elsevier, vol. 251(3), pages 873-887.
    52. Michael J. Dueker, 1998. "Conditional heteroskedasticity in qualitative response models of time series: a Gibbs sampling approach to the bank prime rate," Working Papers 1998-011, Federal Reserve Bank of St. Louis.
    53. Duan, Qihong & Wei, Ying & Chen, Zhiping, 2014. "Relationship between the benchmark interest rate and a macroeconomic indicator," Economic Modelling, Elsevier, vol. 38(C), pages 220-226.
    54. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    55. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2017. "The effects of quasi-random monetary experiments," NBER Working Papers 23074, National Bureau of Economic Research, Inc.
    56. Thomas B. King, 2003. "Discipline and liquidity in the market for federal funds," Supervisory Policy Analysis Working Papers 2003-02, Federal Reserve Bank of St. Louis.
    57. Lee A. Smales, 2013. "The Determinants of RBA Target Rate Decisions: A Choice Modelling Approach," The Economic Record, The Economic Society of Australia, vol. 89(287), pages 556-569, December.
    58. Ángel León & Francis Benito & Juan Nave, 2006. "Modeling The Euro Overnight Rate," Working Papers. Serie AD 2006-11, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    59. Zihui Yang & Yinggang Zhou & Xin Cheng, 2020. "Systemic risk in global volatility spillover networks: Evidence from option‐implied volatility indices," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 40(3), pages 392-409, March.
    60. Pauwels, Laurent L. & Vasnev, Andrey L., 2016. "A note on the estimation of optimal weights for density forecast combinations," International Journal of Forecasting, Elsevier, vol. 32(2), pages 391-397.
    61. Bouezmarni, Taoufik & Rombouts, Jeroen V.K., 2010. "Nonparametric density estimation for positive time series," Computational Statistics & Data Analysis, Elsevier, vol. 54(2), pages 245-261, February.
    62. Daniel L. Thornton, 2005. "When did the FOMC begin targeting the federal funds rate? what the verbatim transcripts tell us," Working Papers 2004-015, Federal Reserve Bank of St. Louis.
    63. Thornton, Daniel L., 2000. "The relationship between the federal funds rate and the Fed's federal funds rate target: is it open market or open mouth operations?," Discussion Paper Series 1: Economic Studies 2000,09, Deutsche Bundesbank.
    64. Sylwia Nowak, 2008. "How Do Public Announcements Affect The Frequency Of Trading In U.S. Airline Stocks?," CAMA Working Papers 2008-38, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    65. Li, Di & Wu, Zhige & Tang, Yixuan, 2024. "Do climate risks affect dirty–clean energy stock price dynamic correlations?," Energy Economics, Elsevier, vol. 136(C).
    66. Guglielmo Maria Caporale & Luis A. Gil-Alana, 2012. "Persistence and Cycles in the US Federal Funds Rate," CESifo Working Paper Series 4035, CESifo.
    67. Arabinda Basistha & Richard Startz, 2004. "Why were changes in the federal funds rate smaller in the 1990s?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(3), pages 339-354.
    68. Mark F. Peterson & Mikael Søndergaard, 2014. "Countries, Within-Country Regions, and Multiple-Country Regions in International Management: A Functional, Institutional, and Critical Event (FICE) Perspective," Management International Review, Springer, vol. 54(6), pages 781-800, December.
    69. Giuseppe Cavaliere & Thomas Mikosch & Anders Rahbek & Frederik Vilandt, 2025. "Beyond the Mean: Limit Theory and Tests for Infinite-Mean Autoregressive Conditional Durations," Papers 2505.06190, arXiv.org.
    70. Nautz, Dieter & Schmidt, Sandra, 2008. "Monetary Policy Implementation and the Federal Funds Rate," ZEW Discussion Papers 08-025, ZEW - Leibniz Centre for European Economic Research.
    71. Oscar Jorda & Kevin Hoover, 2000. "Measuring Systematic Monetary Policy," Working Papers 203, University of California, Davis, Department of Economics.
    72. Bontemps, Christian, 2014. "Simple moment-based tests for value-at-risk models and discrete distribution," TSE Working Papers 14-535, Toulouse School of Economics (TSE).
    73. Ielpo, Florian & Guégan, Dominique, 2006. "An econometric specification of monetary policy dark art," MPRA Paper 1004, University Library of Munich, Germany, revised 07 Oct 2006.
    74. Farrokh Nourzad & James Calhoun & Adam Kurkiewicz, 2012. "Federal funds futures, risk premium and monetary policy actions," Applied Financial Economics, Taylor & Francis Journals, vol. 22(16), pages 1317-1330, August.
    75. Luis A. Ahumada & Álvaro García & Luis Opazo & Jorge Selaive, 2009. "Interbank Rate and the Liquidity of the Market," Working Papers Central Bank of Chile 516, Central Bank of Chile.
    76. Santosh Mishra & Gloria Gonzalez-Rivera & Tae-Hwy Lee, 2004. "Jumps in Rank and Expected Returns. Introducing Varying Cross-sectional Risk," Econometric Society 2004 North American Winter Meetings 356, Econometric Society.
    77. Selva Demiralp & Oscar Jorda, "undated". "The Announcement Effect: Evidence from Open Market Desk Data," Department of Economics 01-04, California Davis - Department of Economics.
    78. Farvaque, Etienne & Malan, Franck & Stanek, Piotr, 2020. "Misplaced childhood: When recession children grow up as central bankers," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
    79. Maarten van Oordt, 2017. "Which Model to Forecast the Target Rate?," Staff Working Papers 17-60, Bank of Canada.
    80. Clements, A.E. & Herrera, R. & Hurn, A.S., 2015. "Modelling interregional links in electricity price spikes," Energy Economics, Elsevier, vol. 51(C), pages 383-393.
    81. Andrei Sirchenko, 2019. "A regime-switching model for the federal funds rate target," UvA-Econometrics Working Papers 19-01, Universiteit van Amsterdam, Dept. of Econometrics.
    82. Hyeongwoo Kim & Wen Shi, 2017. "The Determinants of the Benchmark Interest Rates in China: A Discrete Choice Model Approach," Auburn Economics Working Paper Series auwp2017-04, Department of Economics, Auburn University.
    83. Yin Liao, 2012. "Does Modeling Jumps Help? A Comparison of Realized Volatility Models for Risk Prediction," CAMA Working Papers 2012-26, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    84. Igor Kheifets & Carlos Velasco, 2013. "New Goodness-of-fit Diagnostics for Conditional Discrete Response Models," Cowles Foundation Discussion Papers 1924, Cowles Foundation for Research in Economics, Yale University.
    85. Hyeongwoo Kim, 2014. "Estimating Interest Rate Setting Behavior in Korea: An Ordered Probit Model Approach," Auburn Economics Working Paper Series auwp2014-02, Department of Economics, Auburn University.
    86. Gloria González-Rivera & Tae-Hwy Lee & Santosh Mishra, 2008. "Jumps in cross-sectional rank and expected returns: a mixture model," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 23(5), pages 585-606.
    87. Christensen, T.M. & Hurn, A.S. & Lindsay, K.A., 2012. "Forecasting spikes in electricity prices," International Journal of Forecasting, Elsevier, vol. 28(2), pages 400-411.
    88. Henri Nyberg, 2018. "Forecasting US interest rates and business cycle with a nonlinear regime switching VAR model," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 37(1), pages 1-15, January.
    89. Santos, Douglas G. & Candido, Osvaldo & Tófoli, Paula V., 2022. "Forecasting risk measures using intraday and overnight information," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
    90. Hyeongwoo Kim & Wen Shi & Kwang-Myoung Hwang, 2016. "Estimating interest rate setting behaviour in Korea: a constrained ordered choices model approach," Applied Economics, Taylor & Francis Journals, vol. 48(23), pages 2199-2214, May.
    91. Laurent L. Pauwels & Andrey L. Vasnev, 2017. "Forecast combination for discrete choice models: predicting FOMC monetary policy decisions," Empirical Economics, Springer, vol. 52(1), pages 229-254, February.
    92. Ansgar Belke & Daniel Gros, 2005. "Asymmetries in the Trans-Atlantic Monetary Policy Relationship: Does the ECB follow the Fed?," CESifo Working Paper Series 1428, CESifo.
    93. Kim, Hyeongwoo & Shi, Wen, 2018. "The determinants of the benchmark interest rates in China," Journal of Policy Modeling, Elsevier, vol. 40(2), pages 395-417.
    94. Fratzscher, Marcel, 2002. "The Euro bloc, the Dollar bloc and the Yen bloc: how much monetary policy independence can exchange rate flexibility buy in an interdependent world?," Working Paper Series 154, European Central Bank.
    95. Liu, Chun & Maheu, John M., 2012. "Intraday dynamics of volatility and duration: Evidence from Chinese stocks," Pacific-Basin Finance Journal, Elsevier, vol. 20(3), pages 329-348.
    96. Mr. Zhiwei Zhang, 2001. "Speculative Attacks in the Asian Crisis," IMF Working Papers 2001/189, International Monetary Fund.
    97. Bennett Schmanski & Chiara Scotti & Clara Vega, 2023. "Fed Communication, News, Twitter, and Echo Chambers," Finance and Economics Discussion Series 2023-036, Board of Governors of the Federal Reserve System (U.S.).
    98. Dieter Nautz & Christian J. Offermanns, 2007. "The dynamic relationship between the euro overnight rate, the ECB's policy rate and the term spread," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 12(3), pages 287-300.
    99. Tae-Hwan Kim & Paul Mizen & Alan Thanaset, 2006. "Forecasting changes in UK interest rates," Discussion Papers 06/06, University of Nottingham, Granger Centre for Time Series Econometrics.
    100. Jianping Shi & Yu Gao, 2010. "A study on KLR financial crisis early-warning model," Frontiers of Economics in China, Springer;Higher Education Press, vol. 5(2), pages 254-275, June.
    101. Leonardo Bartolini & Giuseppe Bertola & Alessandro Prati, 2000. "Day-to-day monetary policy and the volatility of the federal funds interest rate," Staff Reports 110, Federal Reserve Bank of New York.
    102. Tsai, Chun-Li, 2011. "The reaction of stock returns to unexpected increases in the federal funds rate target," Journal of Economics and Business, Elsevier, vol. 63(2), pages 121-138.
    103. Selva Demiralp & Kevin Hoover & Stephen Perez, 2014. "Still puzzling: evaluating the price puzzle in an empirically identified structural vector autoregression," Empirical Economics, Springer, vol. 46(2), pages 701-731, March.
    104. Dunbar, Kwamie & Amin, Abu S., 2015. "The nature and impact of the market forecasting errors in the Federal funds futures market," The North American Journal of Economics and Finance, Elsevier, vol. 31(C), pages 174-192.
    105. Toru Kitagawa & Weining Wang & Mengshan Xu, 2022. "Policy Choice in Time Series by Empirical Welfare Maximization," Papers 2205.03970, arXiv.org, revised Nov 2025.
    106. Bontemps, Christian, 2013. "Moment-Based Tests for Discrete Distributions," IDEI Working Papers 772, Institut d'Économie Industrielle (IDEI), Toulouse, revised Oct 2014.
    107. Igor Kheifets & Carlos Velasco, 2012. "Model Adequacy Checks for Discrete Choice Dynamic Models," Working Papers w0170, New Economic School (NES).
    108. Michael J. Dueker & Robert H. Rasche, 2004. "Discrete policy changes and empirical models of the federal funds rate," Review, Federal Reserve Bank of St. Louis, vol. 86(Nov), pages 61-72.
    109. Qin, Jingrui & Cong, Xiaoping & Ma, Di & Rong, Xueyun, 2024. "Dynamic quantile connectedness between oil and stock markets: Theimpactof theinterestrate," Energy Economics, Elsevier, vol. 136(C).
    110. Brooks, Robert & Harris, Mark & Spencer, Christopher, 2007. "An Inflated Ordered Probit Model of Monetary Policy: Evidence from MPC Voting Data," MPRA Paper 8509, University Library of Munich, Germany.
    111. Adam Clements & Joanne Fuller & Stan Hurn, 2013. "Semi-parametric Forecasting of Spikes in Electricity Prices," The Economic Record, The Economic Society of Australia, vol. 89(287), pages 508-521, December.
    112. Jungyeon Yoon & Juanjuan Fan, 2024. "Forecasting the direction of the Fed's monetary policy decisions using random forest," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(7), pages 2848-2859, November.
    113. Asger Lunde & Allan Timmermann, 2005. "Completion time structures of stock price movements," Annals of Finance, Springer, vol. 1(3), pages 293-326, August.
    114. Armin Seibert & Andrei Sirchenko & Gernot Muller, 2018. "A Model for Policy Interest Rates," HSE Working papers WP BRP 192/EC/2018, National Research University Higher School of Economics.
    115. Auer, Simone, 2019. "Monetary policy shocks and foreign investment income: Evidence from a large Bayesian VAR," Journal of International Money and Finance, Elsevier, vol. 93(C), pages 142-166.
    116. Jianping Shi & Yu Gao, 2010. "A Study on KLR Financial Crisis Early-Warning Model," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 5(2), pages 254-275, June.
    117. Demiralp, Selva & Kara, Hakan & Özlü, Pınar, 2012. "Monetary policy communication in Turkey," European Journal of Political Economy, Elsevier, vol. 28(4), pages 540-556.
    118. Tsai, Chun-Li, 2011. "The reaction of stock returns to unexpected increases in the federal funds rate target," Journal of Economics and Business, Elsevier, vol. 63(2), pages 121-138, March.
    119. Kocaarslan, Baris & Mushtaq, Rizwan, 2024. "The impact of liquidity conditions on the time-varying link between U.S. municipal green bonds and major risky markets during the COVID-19 crisis: A machine learning approach," Energy Policy, Elsevier, vol. 184(C).
    120. Saeed, Tareq & Bouri, Elie & Alsulami, Hamed, 2021. "Extreme return connectedness and its determinants between clean/green and dirty energy investments," Energy Economics, Elsevier, vol. 96(C).
    121. Shin-ichi Fukuda, 2012. "Infrequent Changes of the Policy Target: Robust Optimal Monetary Policy under Ambiguity," CARF F-Series CARF-F-295, Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo.
    122. Cavaliere, Giuseppe & Mikosch, Thomas & Rahbek, Anders & Vilandt, Frederik, 2024. "Tail behavior of ACD models and consequences for likelihood-based estimation," Journal of Econometrics, Elsevier, vol. 238(2).
    123. Sarno, Lucio & Thornton, Daniel L & Valente, Giorgio, 2005. "Federal Funds Rate Prediction," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(3), pages 449-471, June.
    124. Jeffrey M. Lacker, 2003. "Payment system disruptions and the Federal Reserve following September 11, 2001," Working Paper 03-16, Federal Reserve Bank of Richmond.
    125. Douglas, Christopher C. & Kolar, Marek, 2009. "Capturing the time dynamics of central bank intervention," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(5), pages 950-968, December.
    126. Su Zhou, 2007. "The dynamic relationship between the federal funds rate and the Eurodollar rates under interest‐rate targeting," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 34(2), pages 90-102, May.
    127. Dong He & Laurent Pauwels, 2008. "What Prompts the People's Bank of China to Change its Monetary Policy Stance? Evidence from a Discrete Choice Model," Working Papers 0806, Hong Kong Monetary Authority.
    128. Gloria González-Rivera & Tae-Hwy Lee, 2007. "Nonlinear Time Series in Financial Forecasting," Working Papers 200803, University of California at Riverside, Department of Economics, revised Feb 2008.
    129. Aric Shafran, 2011. "Self-protection against repeated low probability risks," Journal of Risk and Uncertainty, Springer, vol. 42(3), pages 263-285, June.
    130. Timothy Armstrong & Martin Weidner & Andrei Zeleneev, 2024. "Robust estimation and inference in panels with interactive fixed effects," IFS Working Papers WCWP28/24, Institute for Fiscal Studies.
    131. Brown, David P. & Eckert, Andrew, 2018. "The effect of default rates on retail competition and pricing decisions of competitive retailers: The case of Alberta," Energy Policy, Elsevier, vol. 118(C), pages 298-311.
    132. Clive G. Bowsher, 2003. "Modelling Security Market Events in Continuous Time: Intensity Based, Multivariate Point Process Models," Economics Papers 2003-W03, Economics Group, Nuffield College, University of Oxford.
    133. Chun Liu & John M Maheu, 2010. "Intraday Dynamics of Volatility and Duration: Evidence from the Chinese Stock Market," Working Papers tecipa-401, University of Toronto, Department of Economics.
    134. Jean-Sébastien Fontaine, 2012. "Estimating the Policy Rule from Money Market Rates when Target Rate Changes Are Lumpy," Staff Working Papers 12-41, Bank of Canada.
    135. Ellen E. Meade, 2005. "The FOMC: preferences, voting, and consensus," Review, Federal Reserve Bank of St. Louis, vol. 87(Mar), pages 93-101.
    136. O. David Gulley & Jahangir Sultan, 2011. "Economics, politics and the federal funds markets: does the Fed play politics?," Applied Financial Economics, Taylor & Francis Journals, vol. 21(14), pages 1005-1019.
    137. Odusami, Babatunde O., 2021. "Volatility jumps and their determinants in REIT returns," Journal of Economics and Business, Elsevier, vol. 113(C).
    138. Pasricha, Gurnain K., 2022. "Estimated policy rules for capital controls," Journal of International Money and Finance, Elsevier, vol. 122(C).
    139. Fuentes, Fernanda & Herrera, Rodrigo & Clements, Adam, 2023. "Forecasting extreme financial risk: A score-driven approach," International Journal of Forecasting, Elsevier, vol. 39(2), pages 720-735.
    140. Seung Chan Ahn & Michael Melvin, 2007. "Exchange Rates and FOMC Days," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(5), pages 1245-1266, August.
    141. Gabriel Pérez Quirós & Jorge Sicilia, 2002. "Is the European Central Bank (and the United States Federal Reserve) predictable?," Working Papers 0229, Banco de España.
    142. Mr. Abdul d Abiad, 2003. "Early Warning Systems: A Survey and a Regime-Switching Approach," IMF Working Papers 2003/032, International Monetary Fund.
    143. Kocaarslan, Baris & Soytas, Ugur, 2021. "Reserve currency and the volatility of clean energy stocks: The role of uncertainty," Energy Economics, Elsevier, vol. 104(C).
    144. Michael J. Dueker, 2003. "Dynamic forecasts of qualitative variables: a Qual VAR model of U.S. recessions," Working Papers 2001-012, Federal Reserve Bank of St. Louis.
    145. Renault, Eric & van der Heijden, Thijs & Werker, Bas J.M., 2014. "The dynamic mixed hitting-time model for multiple transaction prices and times," Journal of Econometrics, Elsevier, vol. 180(2), pages 233-250.
    146. Paulo Rogério Faustino Matos & Jayme Andrade Neto, 2015. "Analyzing COPOM’s Decisions," Brazilian Business Review, Fucape Business School, vol. 12(6), pages 24-47, November.
    147. Kim, Hyerim & Kang, Kyu Ho, 2022. "The Bank of Korea watch," Journal of International Money and Finance, Elsevier, vol. 126(C).
    148. Hyeongwoo Kim & John Jackson & Richard Saba, 2009. "Forecasting the FOMC's interest rate setting behavior: a further analysis," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 28(2), pages 145-165.
    149. Refet S. Gürkaynak, 2005. "Using federal funds futures contracts for monetary policy analysis," Finance and Economics Discussion Series 2005-29, Board of Governors of the Federal Reserve System (U.S.).
    150. Zhanyu Chen & Kai Zhang & Hongbiao Zhao, 2022. "A Skellam market model for loan prime rate options," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 42(3), pages 525-551, March.
    151. Massimiliano Marcellino & Oscar Jorda, "undated". "Stochastic Processes Subject to Time-Scale Transformations: An Application to High-Frequency FX Data," Working Papers 164, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.

  49. Oscar Jorda & Alvaro Escribano, 2003. "Improved Testing And Specification Of Smooth Transition Regression Models," Working Papers 210, University of California, Davis, Department of Economics.

    Cited by:

    1. Jonathan B. Hill, 2004. "Consistent LM-Tests for Linearity Against Compound Smooth Transition Alternatives," Econometric Society 2004 North American Summer Meetings 42, Econometric Society.
    2. Munehisa Kasuya, 2005. "Regime-switching approach to monetary policy effects," Applied Economics, Taylor & Francis Journals, vol. 37(3), pages 307-326.
    3. Ivan Paya & David Peel, 2005. "The process followed by PPP data. On the properties of linearity tests," Applied Economics, Taylor & Francis Journals, vol. 37(21), pages 2515-2522.
    4. Kiliç, Rehim, 2009. "Further on nonlinearity, persistence, and integration properties of real exchange rates," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(2), pages 207-221, April.
    5. Gabriella Legrenzi & Costas Milas, 2004. "Non-linear real exchange rate effects in the UK labour market," International Finance 0411007, University Library of Munich, Germany.
    6. Saumitra N. Bhaduri & Ashwin Andrew Samuel, 2009. "International Equity Market Integration," Journal of Emerging Market Finance, Institute for Financial Management and Research, vol. 8(1), pages 45-66, April.
    7. Soubarna Pal, 2011. "Productivity Differential and Bilateral Real Exchange Rate between India and US," Journal of Quantitative Economics, The Indian Econometric Society, vol. 9(1), pages 146-155.
    8. Brannolte Cord & Kim Jeong-Ryeol & Hansen Gerd, 1999. "Nonlinear Error Correction Modeling in German Interest Rates / Ein nichtlineares Fehlerkorrekturmodell für die deutsche Zinsstruktur," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 219(3-4), pages 271-283, June.
    9. Dufrénot, Gilles & Lardic, Sandrine & Mathieu, Laurent & Mignon, Valérie & Péguin-Feissolle, Anne, 2008. "Explaining the European exchange rates deviations: Long memory or non-linear adjustment?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 18(3), pages 207-215, July.
    10. Jawadi Fredj & Koubaa Yousra, 2004. "Threshold Cointegration between Stock Returns : An application of STECM Models," Econometrics 0412001, University Library of Munich, Germany.
    11. Escribano, Álvaro & Jordá, Óscar, 1997. "Testing nonlinearity: decision rules for selecting between logistic and exponential star models," DES - Working Papers. Statistics and Econometrics. WS 6216, Universidad Carlos III de Madrid. Departamento de Estadística.
    12. Derek Stimel, 2009. "An examination of U.S. Phillips curve nonlinearity and its relationship to the business cycle," Economics Bulletin, AccessEcon, vol. 29(2), pages 736-748.
    13. Chapda Nana, Guy & Larue, Bruno & Gervais, Jean-Philippe, 2012. "Regional integration and dynamic adjustments: Evidence from gross national product functions for Canada and the United States," The North American Journal of Economics and Finance, Elsevier, vol. 23(2), pages 246-264.
    14. Norman, Stephen, 2010. "How well does nonlinear mean reversion solve the PPP puzzle?," Journal of International Money and Finance, Elsevier, vol. 29(5), pages 919-937, September.
    15. Mr. Gene L. Leon & Serineh Najarian, 2003. "Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates," IMF Working Papers 2003/159, International Monetary Fund.
    16. Jonathan B. Hill, 2004. "LM-Tests for Linearity Against Smooth Transition Alternatives: A Bootstrap Simulation Study," Econometrics 0401004, University Library of Munich, Germany, revised 05 Jul 2004.
    17. Gilles Dufrenot & Laurent Mathieu & Valerie Mignon & Anne Peguin-Feissolle, 2006. "Persistent misalignments of the European exchange rates: some evidence from non-linear cointegration," Applied Economics, Taylor & Francis Journals, vol. 38(2), pages 203-229.
    18. Param Silvapulle & Titi Kanti Lestari & Jae Kim, 2004. "Nonlinear Modelling of Purchasing Power Parity in Indonesia," Econometric Society 2004 Australasian Meetings 316, Econometric Society.
    19. Dick van Dijk & Timo Terasvirta & Philip Hans Franses, 2002. "Smooth Transition Autoregressive Models — A Survey Of Recent Developments," Econometric Reviews, Taylor & Francis Journals, vol. 21(1), pages 1-47.
    20. Giorgio Busetti & Matteo Manera, 2003. "STAR-GARCH Models for Stock Market Interactions in the Pacific Basin Region, Japan and US," Working Papers 2003.43, Fondazione Eni Enrico Mattei.
    21. Emel Siklar & Ilyas Siklar, 2021. "Is There a Change in the Money Demand Stability in Turkey? A Nonlinear Approach," International Journal of Economics and Financial Research, Academic Research Publishing Group, vol. 7(2), pages 28-42, 06-2021.
    22. Mehmet Balcilar & Rangan Gupta & Stephen M. Miller, 2012. "The Out-of-Sample Forecasting Performance of Non-Linear Models of Regional Housing Prices in the US," Working papers 2012-12, University of Connecticut, Department of Economics.
    23. Sang-Kuck Chung, 2006. "The out-of-sample forecasts of nonlinear long-memory models of the real exchange rate," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 11(4), pages 355-370.
    24. Wan, Jer-Yuh & Kao, Chung-Wei, 2009. "Evidence on the contrarian trading in foreign exchange markets," Economic Modelling, Elsevier, vol. 26(6), pages 1420-1431, November.
    25. Jonathan B. Hill, 2004. "Consistent Model Specification Tests Against Smooth Transition Alternatives," Econometrics 0402004, University Library of Munich, Germany, revised 05 Aug 2005.
    26. Hyginus Leon & Serineh Najarian, 2005. "Asymmetric adjustment and nonlinear dynamics in real exchange rates," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 10(1), pages 15-39.
    27. E Pavlidis & I Paya & D Peel, 2009. "Forecasting the Real Exchange Rate using a Long Span of Data. A Rematch: Linear vs Nonlinear," Working Papers 601190, Lancaster University Management School, Economics Department.
    28. Álvaro Escribano, 1999. "Predicción y análisis de funciones de exportación e importación en España," Investigaciones Economicas, Fundación SEPI, vol. 23(1), pages 55-94, January.
    29. Samira Haddou, 2011. "Is Tunisian Real Effective Exchange Rate Mean Reverting? Evidence from Nonlinear Models," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 18(1), pages 164-178, September.
    30. Alina M. Spiru, 2008. "Inflation Convergence In Central And Eastern European Economies," Romanian Economic Business Review, Romanian-American University, vol. 3(4), pages 14-34, Winter.
    31. López Villavicencio, Antonia, 2008. "Nonlinearities or outliers in real exchange rates?," Economic Modelling, Elsevier, vol. 25(4), pages 714-730, July.
    32. Ivan Paya & David A. Peel, 2005. "A New Analysis Of The Determinants Of The Real Dollar-Sterling Exchange Rate: 1871-1994," Working Papers. Serie AD 2005-16, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

  50. Oscar Jorda & Massimiliano Marcellino, 2003. "Time-Scale Transformations of Discrete-Time Processes," Working Papers 65, University of California, Davis, Department of Economics.

    Cited by:

    1. Andrea, SILVESTRINI, 2005. "Temporal aggregaton of univariate linear time series models," Discussion Papers (ECON - Département des Sciences Economiques) 2005044, Université catholique de Louvain, Département des Sciences Economiques.
    2. Shigeru Fujita & Garey Ramey, 2006. "The cyclicality of job loss and hiring," Working Papers 06-17, Federal Reserve Bank of Philadelphia.
    3. Kunst, Robert M. & Franses, Philip Hans, 2010. "Asymmetric Time Aggregation and its Potential Benefits for Forecasting Annual Data," Economics Series 252, Institute for Advanced Studies.
    4. Andrea Silvestrini & David Veredas, 2008. "Temporal Aggregation Of Univariate And Multivariate Time Series Models: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 22(3), pages 458-497, July.

  51. Kevin Salyer & Oscar Jorda, 2003. "The Response of Term Rates to Monetary Policy Uncertainty," Working Papers 274, University of California, Davis, Department of Economics.

    Cited by:

    1. Akosah, Nana Kwame & Alagidede, Imhotep Paul & Schaling, Eric, 2020. "Testing for asymmetry in monetary policy rule for small-open developing economies: Multiscale Bayesian quantile evidence from Ghana," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
    2. Marfatia, Hardik A., 2015. "Monetary policy's time-varying impact on the US bond markets: Role of financial stress and risks," The North American Journal of Economics and Finance, Elsevier, vol. 34(C), pages 103-123.
    3. Òscar Jordà, 2005. "Estimation and Inference of Impulse Responses by Local Projections," American Economic Review, American Economic Association, vol. 95(1), pages 161-182, March.
    4. Uluc Aysun, 2006. "Testing for Balance Sheet Effects in Emerging Market Countries," Working papers 2006-28, University of Connecticut, Department of Economics.
    5. Clostermann, Jörg & Seitz, Franz, 2005. "Are bond markets really overpriced: The case of the US," Arbeitsberichte – Working Papers 11, Technische Hochschule Ingolstadt (THI).
    6. Michael Ehrmann & Marcel Fratzscher, 2003. "Monetary Policy Announcements and Money Markets: A Transatlantic Perspective," International Finance, Wiley Blackwell, vol. 6(3), pages 309-328, November.
    7. Oscar Jorda, 2004. "Model-Free Impulse Responses," Macroeconomics 0403016, University Library of Munich, Germany.
    8. Yang Hu & Yanran Hong & Kai Feng & Jikai Wang, 2023. "Evaluating the Importance of Monetary Policy Uncertainty: The Long- and Short-Term Effects and Responses," Evaluation Review, , vol. 47(2), pages 264-286, April.
    9. Bianca De Paoli, Alasdair Scott, Olaf Weeken, 2007. "Asset pricing implications for a New Keynesian model," Money Macro and Finance (MMF) Research Group Conference 2006 156, Money Macro and Finance Research Group.
    10. Scharler, Johann, 2008. "Bank lending and the stock market's response to monetary policy shocks," International Review of Economics & Finance, Elsevier, vol. 17(3), pages 425-435.
    11. Bandholz, Harm & Clostermann, Jörg & Seitz, Franz, 2007. "Explaining the US bond yield conundrum," Weidener Diskussionspapiere 2, University of Applied Sciences Amberg-Weiden (OTH).
    12. Peter Tillmann, 2020. "Monetary Policy Uncertainty and the Response of the Yield Curve to Policy Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(4), pages 803-833, June.
    13. Abayomi T. Onanuga & Sheriffdeen A. Tella & Adenike M. Osoba, 2016. "Uncertainty of Output Gap and Monetary Policy-Making in Nigeria," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 12(5), pages 227-237, OCTOBER.
    14. Uluc Aysun, 2010. "Testing for Balance Sheet Effects in Emerging Markets: A Non‐Crisis Setting," International Finance, Wiley Blackwell, vol. 13(2), pages 223-256, August.
    15. Timothy Cogley, 2005. "Changing Beliefs and the Term Structure of Interest Rates: Cross-Equation Restrictions with Drifting Parameters," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 8(2), pages 420-451, April.
    16. Dudley Cooke, 2016. "Optimal Monetary Policy with Endogenous Export Participation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 21, pages 72-88, July.
    17. Ono, Sadayuki, 2019. "Term structure dynamics in a monetary economy with learning," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 730-745.
    18. Christian Grisse, 2023. "Lower Bound Uncertainty and Long‐Term Interest Rates," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(2-3), pages 619-634, March.
    19. Alain N. Kabundi & Mr. Montfort Mlachila & Jiaxiong Yao, 2022. "How Persistent are Climate-Related Price Shocks? Implications for Monetary Policy," IMF Working Papers 2022/207, International Monetary Fund.
    20. Balázs Romhányi, 2005. "A learning hypothesis of the term structure of interest rates," Macroeconomics 0503001, University Library of Munich, Germany.
    21. Dennis Nsafoah & Apostolos Serletis, 2020. "Monetary Policy and Interest Rate Spreads," Open Economies Review, Springer, vol. 31(3), pages 707-727, July.
    22. Don Bredin & Stilianos Fountas, 2008. "Macroeconomic Uncertainty and Performance in the European Union and Implications for the objectives of Monetary Policy," Discussion Paper Series 2008_01, Department of Economics, University of Macedonia, revised Jan 2008.

  52. Oscar Jorda & Selva Demiralp, 2003. "The Pavlovian Response of Term Rates to Fed Announcements," Working Papers 192, University of California, Davis, Department of Economics.

    Cited by:

    1. Oscar Jorda & Paul Bergin, 2003. "Monetary Policy Coordination: A New Empirical Approach," Working Papers 313, University of California, Davis, Department of Economics.
    2. Selva Demiralp, 2001. "Monetary policy in a changing world: rising role of expectations and the anticipation effect," Finance and Economics Discussion Series 2001-55, Board of Governors of the Federal Reserve System (U.S.).
    3. Michael Ehrmann & Marcel Fratzscher, 2003. "Monetary Policy Announcements and Money Markets: A Transatlantic Perspective," International Finance, Wiley Blackwell, vol. 6(3), pages 309-328, November.
    4. Michael Woodford, 2001. "Monetary Policy in the Information Economy," NBER Working Papers 8674, National Bureau of Economic Research, Inc.
    5. Sylwia Nowak, 2008. "How Do Public Announcements Affect The Frequency Of Trading In U.S. Airline Stocks?," CAMA Working Papers 2008-38, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Kevin D. Hoover & Oscar Jorda, "undated". "Measuring Systematic Monetary Policy," Department of Economics 00-05, California Davis - Department of Economics.
    7. Gabriel Pérez Quirós & Jorge Sicilia, 2002. "Is the European Central Bank (and the United States Federal Reserve) predictable?," Working Papers 0229, Banco de España.

  53. Oscar Jorda & Holly Liu & Jeffrey Williams & Selva Demiralp, 2003. "The Announcement Effect: Evidence from Open Market Desk Data," Working Papers 282, University of California, Davis, Department of Economics.

    Cited by:

    1. Sahminan Sahminan, 2008. "Effectiveness of monetary policy communication in Indonesia and Thailand," BIS Working Papers 262, Bank for International Settlements.
    2. Carpenter, Seth & Demiralp, Selva, 2006. "Anticipation of Monetary Policy and Open Market Operations," MPRA Paper 704, University Library of Munich, Germany.
    3. Selva Demiralp, 2001. "Monetary policy in a changing world: rising role of expectations and the anticipation effect," Finance and Economics Discussion Series 2001-55, Board of Governors of the Federal Reserve System (U.S.).
    4. Daniel L. Thornton, 2005. "Open market operations and the federal funds rate," Working Papers 2005-063, Federal Reserve Bank of St. Louis.
    5. Michael Woodford, 2005. "Central bank communication and policy effectiveness," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, issue Aug, pages 399-474.
    6. Ehrmann, Michael & Fratzscher, Marcel, 2002. "Interdependence between the euro area and the US: what role for EMU?," Working Paper Series 200, European Central Bank.
    7. Michael Ehrmann & Marcel Fratzscher, 2007. "Transparency, Disclosure, and the Federal Reserve," International Journal of Central Banking, International Journal of Central Banking, vol. 3(1), pages 179-225, March.
    8. Baeriswyl, Romain & Cornand, Camille, 2007. "Can Opacity of a Credible Central Bank Explain Excessive Inflation?," Discussion Papers in Economics 1376, University of Munich, Department of Economics.
    9. Adigozalov, Shaig & Huseynov, Salman, 2015. "İnflyasiya hədəflənməsinin əməliyyat çərçivəsi: ölkə təcrübələri AMB üçün nə vəd edir? [Operational framework of Inflation Targeting: what promises do country experiences make to the CBAR?]," MPRA Paper 76349, University Library of Munich, Germany.
    10. Kobayashi, Teruyoshi, 2009. "Announcements and the effectiveness of monetary policy: A view from the US prime rate," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2253-2266, December.
    11. Pérez Quirós, Gabriel & Sicilia, Jorge, 2002. "Is the European Central Bank (and the United States Federal Reserve) predictable?," Working Paper Series 192, European Central Bank.
    12. Ehrmann, Michael & Fratzscher, Marcel, 2004. "Taking stock: monetary policy transmission to equity markets," Working Paper Series 354, European Central Bank.
    13. Michael Woodford, 2001. "Monetary Policy in the Information Economy," NBER Working Papers 8674, National Bureau of Economic Research, Inc.
    14. Paolo Angelini, 2002. "Liquidity and Announcement Effects in the Euro Area," Temi di discussione (Economic working papers) 451, Bank of Italy, Economic Research and International Relations Area.
    15. Demiralp, Selva & Farley, Dennis, 2005. "Declining required reserves, funds rate volatility, and open market operations," Journal of Banking & Finance, Elsevier, vol. 29(5), pages 1131-1152, May.
    16. Alan S. Blinder & Michael Ehrmann & Marcel Fratzscher & Jakob De Haan & David-Jan Jansen, 2008. "Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence," NBER Working Papers 13932, National Bureau of Economic Research, Inc.
    17. Andrea Monticini & Francesco Ravazzolo, 2011. "Forecasting the intraday market price of money," Working Paper 2011/06, Norges Bank.
    18. Benjamin M. Friedman & Kenneth N. Kuttner, 2010. "Implementation of Monetary Policy: How Do Central Banks Set Interest Rates?," NBER Working Papers 16165, National Bureau of Economic Research, Inc.
    19. Andreas Schabert, "undated". "Identifying Monetary Policy Shocks with Changes in Open Market Operations," Working Papers 2003_10, Business School - Economics, University of Glasgow, revised Jun 2003.
    20. Gerlach-Kristen, Petra, 2008. "Taking two steps at a time: On the optimal pattern of policy interest rates," Journal of Economic Dynamics and Control, Elsevier, vol. 32(2), pages 550-570, February.
    21. Leonardo Bartolini & Alessandro Prati, 2003. "The execution of monetary policy: a tale of two central banks," Staff Reports 165, Federal Reserve Bank of New York.
    22. Nautz, Dieter & Schmidt, Sandra, 2009. "Monetary policy implementation and the federal funds rate," Journal of Banking & Finance, Elsevier, vol. 33(7), pages 1274-1284, July.
    23. Matthew Rafferty & Marc Tomljanovich, 2002. "Central bank transparency and market efficiency: An econometric analysis," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 26(2), pages 150-161, June.
    24. Anna Bykhovskaya & James A. Duffy, 2022. "The Local to Unity Dynamic Tobit Model," Papers 2210.02599, arXiv.org, revised May 2024.
    25. Assenmacher, Katrin & Glöckler, Gabriel & Holton, Sarah & Trautmann, Peter & Ioannou, Demosthenes & Mee, Simon & Alonso, Conception & Argiri, Eleni & Arigoni, Filippo & Bakk-Simon, Klára & Bergbauer, , 2021. "Clear, consistent and engaging: ECB monetary policy communication in a changing world," Occasional Paper Series 274, European Central Bank.
    26. Byungkwon Lim & Hyeon Sook Kim & Jaehwan Park, 2021. "Implicit Interpretation of Indonesian Export Bans on LME Nickel Prices: Evidence from the Announcement Effect," Risks, MDPI, vol. 9(5), pages 1-7, May.
    27. Hanes, Christopher, 2019. "Explaining the appearance of open-mouth operations in the 1990s U.S," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 682-701.
    28. Aleksandar Murdzhev & Marc Tomljanovich, 2006. "What Color is Alan Greenspan's Tie? How Central Bank Policy Announcements Have Changed Financial Markets," Eastern Economic Journal, Eastern Economic Association, vol. 32(4), pages 571-593, Fall.
    29. Karel Brůna, 2010. "Monetary Policy Implementation and Liquidity Management of the Czech Banking System," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2010(3), pages 15-41.

  54. Oscar Jorda & Kevin Hoover, 2000. "Measuring Systematic Monetary Policy," Working Papers 203, University of California, Davis, Department of Economics.

    Cited by:

    1. Hanson, Michael S., 2006. "Varying monetary policy regimes: A vector autoregressive investigation," Journal of Economics and Business, Elsevier, vol. 58(5-6), pages 407-427.
    2. Oscar Jorda & Kevin Salyer, 2003. "The Response of Term Rates to Monetary Policy Uncertainty," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 941-962, October.
    3. Piyachart Phiromswad, 2014. "Measuring monetary policy with empirically grounded identifying restrictions," Empirical Economics, Springer, vol. 46(2), pages 681-699, March.
    4. Bachmeier, Lance, 2008. "Monetary policy and the transmission of oil shocks," Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1738-1755, December.
    5. Fabio Milani & John Treadwell, 2012. "The Effects of Monetary Policy “News” and “Surprises”," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(8), pages 1667-1692, December.
    6. Fabio Milani & John Treadwell, 2012. "The Effects of Monetary Policy “News” and “Surprises”," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44(8), pages 1667-1692, December.
    7. Eduard Hochreiter & Anton Korinek & Pierre L. Siklos, 2003. "The potential consequences of alternative exchange rate regimes: A study of three candidate regions," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(4), pages 327-349.
    8. Filardo, Andrew & Hubert, Paul & Rungcharoenkitkul, Phurichai, 2022. "Monetary policy reaction function and the financial cycle," Journal of Banking & Finance, Elsevier, vol. 142(C).
    9. Kirstin Hubrich & Peter Vlaar, 2004. "Monetary transmission in Germany: Lessons for the Euro area," Empirical Economics, Springer, vol. 29(2), pages 383-414, May.
    10. Ajisafe, Rufus A. & Adesina, Kehinde E. & Okunade, Solomon O., . "Effects of Anticipated and Unanticipated Monetary Policy on Output in Nigeria," African Journal of Economic Review, African Journal of Economic Review, vol. 10(2).
    11. Andrew Filardo & Paul Hubert & Phurichai Rungcharoenkitkul, 2019. "The reaction function channel of monetary policy and the financial cycle," Documents de Travail de l'OFCE 2019-16, Observatoire Francais des Conjonctures Economiques (OFCE).
    12. Brady, Ryan R., 2014. "The spatial diffusion of regional housing prices across U.S. states," Regional Science and Urban Economics, Elsevier, vol. 46(C), pages 150-166.
    13. Martin Lettau & Sydney C. Ludvigson & Charles Steindel, 2002. "Monetary policy transmission through the consumption-wealth channel," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(May), pages 117-133.
    14. Kenneth N. Kuttner & Patricia C. Mosser, 2002. "The monetary transmission mechanism: some answers and further questions," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(May), pages 15-26.

  55. Oscar Jorda & Paul Bergin, 2000. "Measuring Monetary Policy Interdependence," Working Papers 72, University of California, Davis, Department of Economics.

    Cited by:

    1. James McNeil, 2024. "Modeling interest rate setting at the European Central Bank with bargaining models and counterfactuals," Empirical Economics, Springer, vol. 66(3), pages 1037-1053, March.
    2. Jinjarak, Yothin, 2014. "Equity prices and financial globalization," International Review of Financial Analysis, Elsevier, vol. 33(C), pages 49-57.
    3. Grammig, Joachim & Kehrle, Kerstin, 2008. "A new marked point process model for the federal funds rate target: Methodology and forecast evaluation," Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2370-2396, July.
    4. Yin-wong Cheung & Dickson Tam & Matthew S. Yiu, 2006. "Does the Chinese Interest Rate Follow the US Interest Rate?," Working Papers 192006, Hong Kong Institute for Monetary Research.
    5. Chiara Scotti, 2006. "A bivariate model of Fed and ECB main policy rates," International Finance Discussion Papers 875, Board of Governors of the Federal Reserve System (U.S.).
    6. Anthony Landry, 2005. "The Mundell-Fleming-Dornbusch Model in a New Bottle," Computing in Economics and Finance 2005 455, Society for Computational Economics.
    7. Chortareas, Georgios & Noikokyris, Emmanouil, 2017. "Federal reserve's policy, global equity markets, and the local monetary policy stance," Journal of Banking & Finance, Elsevier, vol. 77(C), pages 317-327.
    8. Ansgar Belke & Thorsten Polleit, 2005. "(How) Do Stock Market Returns React to Monetary Policy? - An ARDL Cointegration Analysis for Germany," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 253/2005, Department of Economics, University of Hohenheim, Germany.
    9. Ullrich, Katrin, 2003. "A Comparison Between the Fed and the ECB: Taylor Rules," ZEW Discussion Papers 03-19, ZEW - Leibniz Centre for European Economic Research.

  56. Oscar Jorda, 1998. "Decision Rules for Selecting between Exponential and Logistic STAR," Working Papers 207, University of California, Davis, Department of Economics.

    Cited by:

    1. Virginie Coudert & Cécile Couharde & Valérie Mignon, 2010. "Exchange Rate Flexibility across Financial Crises," CEPN Working Papers hal-00845254, HAL.
    2. Brannolte Cord & Kim Jeong-Ryeol & Hansen Gerd, 1999. "Nonlinear Error Correction Modeling in German Interest Rates / Ein nichtlineares Fehlerkorrekturmodell für die deutsche Zinsstruktur," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 219(3-4), pages 271-283, June.

  57. Escribano, Álvaro & Jordá, Óscar, 1997. "Testing nonlinearity: decision rules for selecting between logistic and exponential star models," DES - Working Papers. Statistics and Econometrics. WS 6216, Universidad Carlos III de Madrid. Departamento de Estadística.

    Cited by:

    1. Claude Diebolt & Mohamed Chikhi, 2021. "Testing The Weak Form Efficiency Of The French Etf Market With Lstar-Anlstgarch Approach Using A Semiparametric Estimation," Working Papers 09-21, Association Française de Cliométrie (AFC).
    2. Liu, Bing & Yin, Weijun & Chen, Gang & Yao, Jing, 2023. "The threshold effect of climate risk and the non-linear role of climate policy uncertainty on insurance demand: Evidence from OECD countries," Finance Research Letters, Elsevier, vol. 55(PA).
    3. Jean-François Verne, 2021. "Smooth Threshold Autoregressive models and Markov process: An application to the Lebanese GDP growth rate," International Econometric Review (IER), Econometric Research Association, vol. 13(3), pages 71-88, September.
    4. Ahmad, Yamin & Craighead, William D., 2011. "Temporal aggregation and purchasing power parity persistence," Journal of International Money and Finance, Elsevier, vol. 30(5), pages 817-830, September.
    5. Zhenxi Chen & Stefan Reitz, 2020. "Dynamics of the European sovereign bonds and the identification of crisis periods," Empirical Economics, Springer, vol. 58(6), pages 2761-2781, June.
    6. Christina Anderl & Guglielmo Maria Caporale, 2022. "Nonlinearities in the Exchange Rate Pass-Through: The Role of Inflation Expectations," CESifo Working Paper Series 9544, CESifo.
    7. Ordóñez, Javier & Sala, Hector & Silva, José I., 2010. "Oil Price Shocks and Labor Market Fluctuations," IZA Discussion Papers 5096, Institute of Labor Economics (IZA).
    8. Franchi, Massimo & Ordóñez, Javier, 2011. "Multiple equilibria in Spanish unemployment," Structural Change and Economic Dynamics, Elsevier, vol. 22(1), pages 71-80, February.
    9. Yamin Ahmad & Stuart Glosser, 2011. "Searching for nonlinearities in real exchange rates," Applied Economics, Taylor & Francis Journals, vol. 43(15), pages 1829-1845.
    10. Ourania Dimitraki & Kyriakos Emmanouilidis, 2025. "Interactional Impact of Defence Expenditure and Political Instability on Economic Growth in Nigeria: Revisited," Defence and Peace Economics, Taylor & Francis Journals, vol. 36(4), pages 533-554, May.
    11. Liew, Venus Khim-Sen & Baharumshah, Ahmad Zubaidi & Lau, Sie-Hoe, 2002. "Forecasting performance of Logistic STAR exchange rate model: The original and reparameterised versions," MPRA Paper 511, University Library of Munich, Germany.
    12. Michał Brzoza-Brzezina & Jacek Kotlowski, 2016. "The nonlinear nature of country risk and its implications for DSGE models," NBP Working Papers 250, Narodowy Bank Polski.
    13. Jacek Kotłowski & Michał Brzoza-Brzezina, 2016. "The nonlinear nature of country risk," EcoMod2016 9416, EcoMod.
    14. Ordonez, Javier, 2003. "Stability and non-linear dynamics in the broad demand for money in Spain," Economics Letters, Elsevier, vol. 78(1), pages 139-146, January.
    15. Kumawat, Lokendra & Bhanumurthy, N. R., 2016. "Regime Shifts in India's Monetary Policy Response Function," Working Papers 16/177, National Institute of Public Finance and Policy.
    16. Engemann, Kristie M. & Owyang, Michael T., 2010. "Whatever Happened To The Business Cycle? A Bayesian Analysis Of Jobless Recoveries," Macroeconomic Dynamics, Cambridge University Press, vol. 14(5), pages 709-726, November.
    17. Andrew Phiri, 2019. "Does Military Spending Nonlinearly Affect Economic Growth in South Africa?," Defence and Peace Economics, Taylor & Francis Journals, vol. 30(4), pages 474-487, June.
    18. Liew, Venus Khim-Sen, 2008. "An overview on various ways of bootstrap methods," MPRA Paper 7163, University Library of Munich, Germany.
    19. Phiri, Andrew, 2015. "Examining asymmetric effects in the South African Philips curve: Evidence from logistic smooth transition regression (LSTR) models," MPRA Paper 64487, University Library of Munich, Germany.
    20. Christina Anderl & Guglielmo Maria Caporale, 2021. "Testing for UIP: Nonlinearities, Monetary Announcements and Interest Rate Expectations," CESifo Working Paper Series 9027, CESifo.
    21. Escribano Alvaro & Torrado María, 2018. "Nonlinear and asymmetric pricing behaviour in the Spanish gasoline market," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 22(5), pages 1-19, December.
    22. Gabriella Legrenzi & Costas Milas, 2005. "Non-linear real exchange rate effects in the UK labour market," Macroeconomics 0507019, University Library of Munich, Germany.
    23. Derek Stimel, 2010. "Choice of Aggregate Demand Proxy and its Affect on Phillips Curve Nonlinearity: U.S. Evidence," Economics Bulletin, AccessEcon, vol. 30(1), pages 543-557.
    24. Escribano, Álvaro & Wang, Dandan, 2021. "Mixed random forest, cointegration, and forecasting gasoline prices," International Journal of Forecasting, Elsevier, vol. 37(4), pages 1442-1462.
    25. Jawadi, Fredj & Bourghelle, David & Rozin, Philippe & Cheffou, Abdoulkarim Idi & Uddin, Gazi Salah, 2024. "Sentiment and energy price volatility: A nonlinear high frequency analysis," Energy Economics, Elsevier, vol. 133(C).
    26. Yamin Ahmad & Ming Chien Lo & Olena Mykhaylova, 2011. "Volatility and Persistence of Simulated DSGE Real Exchange Rates," Working Papers 11-01, UW-Whitewater, Department of Economics, revised Nov 2012.
    27. Sahin, Afsin, 2013. "Estimating Money Demand Function by a Smooth Transition Regression Model: An Evidence for Turkey," MPRA Paper 46851, University Library of Munich, Germany.
    28. Christina Anderl & Guglielmo Maria Caporale, 2022. "Testing for UIP-Type Relationships: Nonlinearities, Monetary Announcements and Interest Rate Expectations," Open Economies Review, Springer, vol. 33(4), pages 705-749, September.
    29. Wang, Zheng-Xin & Jv, Yue-Qi, 2022. "A smooth difference-in-differences model for assessing gradual policy effects: Revisiting the impact of banking deregulation on income distribution," Finance Research Letters, Elsevier, vol. 50(C).
    30. Konstantin A., Kholodilin, 2003. "Identifying and Forecasting the Turns of the Japanese Business Cycle," LIDAM Discussion Papers IRES 2003008, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    31. Escribano, A. & Franses, Ph.H.B.F. & van Dijk, D.J.C., 1998. "Nonlinearities and outliers: robust specification of STAR models," Econometric Institute Research Papers EI 9832, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    32. Hagemejer, Jan & Hałka, Aleksandra & Kotłowski, Jacek, 2022. "Global value chains and exchange rate pass-through—The role of non-linearities," International Review of Economics & Finance, Elsevier, vol. 82(C), pages 461-478.
    33. Alvaro Escribano & Oscar Jorda, "undated". "Improved Testing And Specification Of Smooth Transition Regression Models," Department of Economics 97-26, California Davis - Department of Economics.

Articles

  1. Òscar Jordà & Sanjay R. Singh & Alan M. Taylor, 2023. "Does Monetary Policy Have Long-Run Effects?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2023(23), pages 1-6, September.

    Cited by:

    1. Amanda Mavundla & Simiso Msomi & Malibongwe Cyprian Nyati, 2025. "Exploring the Nature and Dynamics of Monetary–Fiscal Policy Interactions in South Africa," Risks, MDPI, vol. 13(10), pages 1-19, September.

  2. Jordà, Òscar & Nechio, Fernanda, 2023. "Inflation and wage growth since the pandemic," European Economic Review, Elsevier, vol. 156(C).
    See citations under working paper version above.
  3. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M Taylor, 2022. "Zombies at Large? Corporate Debt Overhang and the Macroeconomy," The Review of Financial Studies, Society for Financial Studies, vol. 35(10), pages 4561-4586.
    See citations under working paper version above.
  4. Òscar Jordà & Celeste Liu & Fernanda Nechio & Fabián Rivera-Reyes, 2022. "Wage Growth When Inflation Is High," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(25), pages 1-6, September.

    Cited by:

    1. Adiah Bailey & Victor Hernandez Martinez, 2023. "The Effect of Higher Financing Costs on Job Openings and Online Job Postings," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2023(09), pages 1-7, May.
    2. Philip Schnattinger & Prachi Srivastava, 2025. "Household Inflation Uncertainty and Wage Growth Expectations," CESifo Working Paper Series 12216, CESifo.
    3. Gödl, Maximilian & Gödl-Hanisch, Isabel, 2023. "Wage Setting in Times of High and Low Inflation," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277641, Verein für Socialpolitik / German Economic Association.
    4. Bank of Korea, 2023. "Labour markets and inflation," BIS Papers chapters, in: Bank for International Settlements (ed.), Inflation and labour markets, volume 127, pages 195-202, Bank for International Settlements.

  5. Oscar Jorda & Sanjay R. Singh & Alan M. Taylor, 2022. "Longer-Run Economic Consequences of Pandemics," The Review of Economics and Statistics, MIT Press, vol. 104(1), pages 166-175, March.
    See citations under working paper version above.
  6. Òscar Jordà & Celeste Liu & Fernanda Nechio & Fabián Rivera-Reyes, 2022. "Why Is U.S. Inflation Higher than in Other Countries?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(07), pages 1-06, March.

    Cited by:

    1. Carlomagno, Guillermo & Eterovic, Nicolás & Hernández-Román, Luis G., 2024. "Disentangling demand and supply inflation shocks from electronic payments data," Economic Modelling, Elsevier, vol. 141(C).
    2. Reuven Glick & Sylvain Leduc & Mollie Pepper, 2022. "Will Workers Demand Cost-of-Living Adjustments?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(21), pages 1-6, August.
    3. Òscar Jordà & Fernanda Nechio, 2023. "Inflation and Wage Growth Since the Pandemic," Working Paper Series 2022-17, Federal Reserve Bank of San Francisco.
    4. Serdar Kabaca & Kerem Tuzcuoglu, 2023. "Supply Drivers of US Inflation Since the COVID-19 Pandemic," Staff Working Papers 23-19, Bank of Canada.
    5. Isik, Sayim & Mert, Mehmet & Ulug, Mehmet, 2025. "Profit produced by post-pandemic inflation: Evidence from an emerging economy," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 233-244.
    6. Christopher David Cotton, 2023. "Excess stimulus and monetary policy," Economics Bulletin, AccessEcon, vol. 43(3), pages 1528-1538.

  7. Òscar Jordà & Björn Richter & Moritz Schularick & Alan M Taylor, 2021. "Bank Capital Redux: Solvency, Liquidity, and Crisis," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(1), pages 260-286.
    See citations under working paper version above.
  8. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2020. "The effects of quasi-random monetary experiments," Journal of Monetary Economics, Elsevier, vol. 112(C), pages 22-40.
    See citations under working paper version above.
  9. Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2019. "Global Financial Cycles and Risk Premiums," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(1), pages 109-150, March.
    See citations under working paper version above.
  10. Òscar Jordà & Alan M. Taylor, 2019. "Riders on the Storm," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    See citations under working paper version above.
  11. Òscar Jordà & Chitra Marti & Fernanda Nechio & Eric Tallman, 2019. "Inflation: Stress-Testing the Phillips Curve," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Kabundi, Alain & Poon, Aubrey & Wu, Ping, 2023. "A time-varying Phillips curve with global factors: Are global factors important?," Economic Modelling, Elsevier, vol. 126(C).
    2. Christian Pfister & Jean-Guillaume Sahuc, 2020. "Unconventional Monetary Policies: A Stock-Taking Exercise," Working papers 761, Banque de France.
    3. Aguiar-Conraria, Luís & Martins, Manuel M.F. & Soares, Maria Joana, 2023. "The Phillips curve at 65: Time for time and frequency," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    4. Moretti, Laura & Onorante, Luca & Zakipour-Saber, Shayan, 2019. "Phillips curves in the euro area," Research Technical Papers 8/RT/19, Central Bank of Ireland.
    5. Byron Botha & Lauren Kuhn & Daan Steenkamp, 2020. "Is the Phillips curve framework still useful for understanding inflation dynamics in South Africa," Working Papers 10211, South African Reserve Bank.
    6. A. Moutaabbid, 2024. "Les determinants de la dynamique des salaires en France : approches macro et sectorielles par la courbe de Phillips," Documents de Travail de l'Insee - INSEE Working Papers 2024-20, Institut National de la Statistique et des Etudes Economiques.
    7. Pattanaik, Sitikantha & Muduli, Silu & Ray, Soumyajit, 2019. "Inflation Expectations of Households: Do They Influence Wage-Price Dynamics in India?," EconStor Preprints 193462, ZBW - Leibniz Information Centre for Economics.
    8. Roudari, Soheil & Ahmadian- Yazdi, Farzaneh & Namazizadeh, Ehsan & Maghsoodi, Hamidreza, 2024. "منحنی فیلیپس نیوکینزی و درجه عبور نرخ ارز در اقتصاد ایران: شواهدی جدید از الگوی Mcwt [New Keynesian Phillips curve and exchange rate pass-through in Iran's economy: New evidence from the MCWT Model," MPRA Paper 126958, University Library of Munich, Germany.

  12. Òscar Jordà & Chitra Marti & Fernanda Nechio & Eric Tallman, 2019. "Why Is Inflation Low Globally?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Mary C. Daly, 2023. "Forward-Looking Policy in a Real-Time World," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2023(08), pages 1-8, March.
    2. Hauptmeier, Sebastian & Kamps, Christophe, 2022. "Debt policies in the aftermath of COVID-19 — The SGP’s debt benchmark revisited," European Journal of Political Economy, Elsevier, vol. 75(C).
    3. Hauptmeier, Sebastian & Kamps, Christophe, 2020. "Debt rule design in theory and practice: the SGP’s debt benchmark revisited," Working Paper Series 2379, European Central Bank.
    4. Kamal Lahlou & Hicham Bennouna, 2022. "Contributions des facteurs domestiques et externes à la dynamique de l’inflation au Maroc," Document de travail 2022-1, Bank Al-Maghrib, Département de la Recherche.
    5. Giacomo Mangiante, 2022. "Demographic Trends and the Transmission of Monetary Policy," Cahiers de Recherches Economiques du Département d'économie 22.04, Université de Lausanne, Faculté des HEC, Département d’économie.

  13. Òscar Jordà & Katharina Knoll & Dmitry Kuvshinov & Moritz Schularick & Alan M Taylor, 2019. "The Rate of Return on Everything, 1870–2015," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(3), pages 1225-1298.
    See citations under working paper version above.
  14. Joshua D. Angrist & Òscar Jordà & Guido M. Kuersteiner, 2018. "Semiparametric Estimates of Monetary Policy Effects: String Theory Revisited," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 36(3), pages 371-387, July.
    See citations under working paper version above.
  15. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2017. "Macrofinancial History and the New Business Cycle Facts," NBER Macroeconomics Annual, University of Chicago Press, vol. 31(1), pages 213-263.
    See citations under working paper version above.
  16. Òscar Jordà & Alan M. Taylor, 2016. "The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy," Economic Journal, Royal Economic Society, vol. 126(590), pages 219-255, February.
    See citations under working paper version above.
  17. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Bubbles, Credit, and Their Consequences," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Caspi, Itamar & Graham, Meital, 2018. "Testing for bubbles in stock markets with irregular dividend distribution," Finance Research Letters, Elsevier, vol. 26(C), pages 89-94.

  18. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "The great mortgaging: housing finance, crises and business cycles," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 31(85), pages 107-152.
    See citations under working paper version above.
  19. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Sovereigns Versus Banks: Credit, Crises, And Consequences," Journal of the European Economic Association, European Economic Association, vol. 14(1), pages 45-79, February.
    See citations under working paper version above.
  20. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Leveraged bubbles," Journal of Monetary Economics, Elsevier, vol. 76(S), pages 1-20.
    See citations under working paper version above.
  21. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2015. "Interest rates and house prices: pill or poison?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Mary C. Daly, 2020. "2020 Lessons, 2021 Priorities," Speech 93099, Federal Reserve Bank of San Francisco.

  22. Jordà, Òscar & Schularick, Moritz & Taylor, Alan M., 2015. "Betting the house," Journal of International Economics, Elsevier, vol. 96(S1), pages 2-18.
    See citations under working paper version above.
  23. Early Elias & Helen Irvin & Òscar Jordà, 2014. "Monetary policy when the spyglass is smudged," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Sandra Gomes & Pascal Jacquinot, 2023. "A single monetary policy for heterogeneous labour markets: the case of the euro area," Working Papers w202301, Banco de Portugal, Economics and Research Department.
    2. Mikhail V. Oet & Kalle Lyytinen, 2017. "Does Financial Stability Matter to the Fed in Setting US Monetary Policy?," Review of Finance, European Finance Association, vol. 21(1), pages 389-432.

  24. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2014. "Interpreting deviations from Okun’s Law," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Amy Y. Guisinger & Ruben Hernandez-Murillo & Michael T. Owyang & Tara M. Sinclair, 2015. "A State-Level Analysis of Okun's Law," Working Papers 2015-29, Federal Reserve Bank of St. Louis.
    2. Natsuki Arai, 2016. "Evaluating the Efficiency of the FOMC's New Economic Projections," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 48(5), pages 1019-1049, August.
    3. Roberto Bande & Ángel Martín-Román, 2018. "Regional differences in the Okun’s Relationship: New Evidence for Spain (1980-2015)," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 41, pages 137-165.
    4. John G. Fernald, 2014. "Productivity and Potential Output Before, During, and After the Great Recession," Working Paper Series 2014-15, Federal Reserve Bank of San Francisco.
    5. Early Elias & Helen Irvin & Òscar Jordà, 2014. "Monetary policy when the spyglass is smudged," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    6. Milen V. Velev, 2014. "A Research on the Relationship between the Real Aggregate Output and the Unemployment Rate in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 58-91.
    7. Porras, María Sylvina & Martín-Román, Ángel L., 2017. "Self-employment and Okun’s Law relationship: the Spanish case," GLO Discussion Paper Series 157, Global Labor Organization (GLO).
    8. John G. Fernald & J. Christina Wang, 2016. "Why has the cyclicality of productivity changed? What does it mean?," Working Paper Series 2016-7, Federal Reserve Bank of San Francisco.
    9. Elva Bova & Christina Kolerus & Sampawende Tapsoba, 2015. "A fiscal job? An analysis of fiscal policy and the labor market," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-17, December.
    10. Durech, Richard & Minea, Alexandru & Mustea, Lavinia & Slusna, Lubica, 2014. "Regional evidence on Okun's Law in Czech Republic and Slovakia," Economic Modelling, Elsevier, vol. 42(C), pages 57-65.
    11. Sánchez-Fung, José R., 2015. "Producto, desempleo y la Ley de Okun en la República Dominicana [Output, unemployment and Okun’s law in the Dominican Republic]," MPRA Paper 63656, University Library of Munich, Germany.
    12. Porras-Arena, M. Sylvina & Martín-Román, Ángel L., 2019. "Self-employment and the Okun's law," Economic Modelling, Elsevier, vol. 77(C), pages 253-265.
    13. Foroni, Claudia & Furlanetto, Francesco, 2022. "Explaining deviations from Okun’s law," Working Paper Series 2699, European Central Bank.

  25. Jordà, Òscar, 2014. "Assessing the historical role of credit: Business cycles, financial crises and the legacy of Charles S. Peirce," International Journal of Forecasting, Elsevier, vol. 30(3), pages 729-740.
    See citations under working paper version above.
  26. Daly, Mary C. & Fernald, John G. & Jordà, Òscar & Nechio, Fernanda, 2014. "Labour Markets in the Global Financial Crisis: The Good, the Bad and the Ugly," National Institute Economic Review, National Institute of Economic and Social Research, vol. 228, pages 58-64, May.
    See citations under working paper version above.
  27. Fushing, Hsieh & Jordà, Òscar & Beisner, Brianne & McCowan, Brenda, 2014. "Computing systemic risk using multiple behavioral and keystone networks: The emergence of a crisis in primate societies and banks," International Journal of Forecasting, Elsevier, vol. 30(3), pages 797-806.

    Cited by:

    1. D’Ignazio, Alessio & Giovannetti, Emanuele, 2015. "Predicting internet commercial connectivity wars: The impact of trust and operators’ asymmetry," International Journal of Forecasting, Elsevier, vol. 31(4), pages 1127-1137.
    2. Derbyshire, James & Wright, George, 2017. "Augmenting the intuitive logics scenario planning method for a more comprehensive analysis of causation," International Journal of Forecasting, Elsevier, vol. 33(1), pages 254-266.

  28. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Private credit and public debt in financial crises," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Furceri, Davide & Kilic Celik, Sinem & Jalles, João Tovar & Koloskova, Ksenia, 2021. "Recessions and total factor productivity: Evidence from sectoral data," Economic Modelling, Elsevier, vol. 94(C), pages 130-138.
    2. Batini, Nicoletta & Melina, Giovanni & Villa, Stefania, 2019. "Fiscal buffers, private debt, and recession: The good, the bad and the ugly," Journal of Macroeconomics, Elsevier, vol. 62(C).
    3. Mattia Osvaldo Picarelli & Willem Vanlaer & Wim Marneffe, 2019. "Does Public Debt Produce a Crowding Out Effect for Public Investment in the EU?," Working Papers 36, European Stability Mechanism.
    4. Yuan, Gecheng & Fang, Jie & Sun, Yongping, 2024. "The impact of Fintech on the nexus between household debt and financial crises: A global perspective," Economic Modelling, Elsevier, vol. 130(C).
    5. Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2017. "The Janus-faced nature of debt : results form a data driven cointegrated SVAR approach," Working Papers hal-03457555, HAL.
    6. Yi, Xingjian & Liu, Sheng & Wu, Zhouheng, 2022. "What drives credit expansion worldwide?——An empirical investigation with long-term cross-country panel data," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 225-242.
    7. Nicoletta Batini & Mr. Giovanni Melina & Stefania Villa, 2016. "Fiscal Buffers, Private Debt, and Stagnation: The Good, the Bad and the Ugly," IMF Working Papers 2016/104, International Monetary Fund.
    8. Larissa Batrancea, 2020. "The Influence of Public Debt on Performance: Lesson from Romanian Counties," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 809-814, December.
    9. Mattia Guerini & Alessio Moneta & Mauro Napoletano & Andrea Roventini, 2017. "The Janus-faced nature of debt : result from a data-driven cointegrated SVAR approach," Documents de Travail de l'OFCE 2017-02, Observatoire Francais des Conjonctures Economiques (OFCE).
    10. Okombi, Idrys Fransmel & Mampieme, Vaccili Belneche, 2024. "Cyclicality of public debt in developing countries: Does dependence on natural resources matter?," Resources Policy, Elsevier, vol. 96(C).
    11. İbrahim Özmen, 2025. "Which debt belongs to the state and which debt belongs to the market? Comparative new evidence several capitalist regimes," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 72(2), pages 1-34, December.

  29. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2013. "Labor markets in the global financial crisis," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.

    Cited by:

    1. Michal Moszynski, 2016. "Institutional conditioning of the German labour market in the face of the global economic crisis 2008–2009," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 15(3), pages 371-383, September.
    2. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2014. "Labor Markets in the Global Financial Crisis: The Good, the Bad and the Ugly," Working Paper Series 2014-11, Federal Reserve Bank of San Francisco.

  30. √Íscar Jord√Ä & Moritz Schularick & Alan M. Taylor, 2013. "When Credit Bites Back," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 45(s2), pages 3-28, December.
    See citations under working paper version above.
  31. Early Elias & Òscar Jordà, 2013. "Crises before and after the creation of the Fed," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may6.

    Cited by:

    1. Bilal Bagis, 2017. "Central Banking in the New Era," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 5(4), pages 197-225.

  32. Travis Berge & Òscar Jordà, 2013. "A chronology of turning points in economic activity: Spain, 1850–2011," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 4(1), pages 1-34, March.
    See citations under working paper version above.
  33. Jordà, Òscar & Knüppel, Malte & Marcellino, Massimiliano, 2013. "Empirical simultaneous prediction regions for path-forecasts," International Journal of Forecasting, Elsevier, vol. 29(3), pages 456-468.
    See citations under working paper version above.
  34. Mary C. Daly & Early Elias & Bart Hobijn & Òscar Jordà, 2012. "Will the jobless rate drop take a break?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue dec17.

    Cited by:

    1. Carlos Carrillo-Tudela & Bart Hobijn & Powen She & Ludo Visschers, 2014. "The Extent and Cyclicality of Career Changes: Evidence for the UK," Edinburgh School of Economics Discussion Paper Series 246, Edinburgh School of Economics, University of Edinburgh.
    2. Leila Bengali & Mary C. Daly & Robert G. Valletta, 2013. "Will labor force participation bounce back?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may13.
    3. Nicolas Petrosky-Nadeau & Robert Hall, 2017. "Changes in Labor Market Participation across the Household Income Distribution," 2017 Meeting Papers 1640, Society for Economic Dynamics.

  35. Yanping Chong & Òscar Jordà & Alan M. Taylor, 2012. "The Harrod–Balassa–Samuelson Hypothesis: Real Exchange Rates And Their Long‐Run Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(2), pages 609-634, May.
    See citations under working paper version above.
  36. Jordà, Òscar & Taylor, Alan M., 2012. "The carry trade and fundamentals: Nothing to fear but FEER itself," Journal of International Economics, Elsevier, vol. 88(1), pages 74-90.
    See citations under working paper version above.
  37. Travis Berge & Òscar Jordà & Alan M. Taylor, 2011. "Currency Carry Trades," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 357-388.
    See citations under working paper version above.
  38. Òscar Jordà & Sharon Kozicki, 2011. "Estimation And Inference By The Method Of Projection Minimum Distance: An Application To The New Keynesian Hybrid Phillips Curve," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(2), pages 461-487, May.

    Cited by:

    1. Andrei S. Gonçalves, 2021. "Reinvestment Risk and the Equity Term Structure," Journal of Finance, American Finance Association, vol. 76(5), pages 2153-2197, October.
    2. Yanping Chong & Òscar Jordà & Alan M. Taylor, 2012. "The Harrod–Balassa–Samuelson Hypothesis: Real Exchange Rates And Their Long‐Run Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(2), pages 609-634, May.
    3. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    4. Lynda Khalaf & Beatriz Peraza López, 2020. "Simultaneous Indirect Inference, Impulse Responses and ARMA Models," Econometrics, MDPI, vol. 8(2), pages 1-26, April.
    5. Juan Castellanos, 2025. "Local Projections vs. VARs for structural parameter estimation," Bank of England working papers 1116, Bank of England.
    6. Ke-Li Xu, 2023. "Local Projection Based Inference under General Conditions," CAEPR Working Papers 2023-001 Classification-C, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    7. Ruge-Murcia, Francisco, 2020. "Estimating nonlinear dynamic equilibrium models by matching impulse responses," Economics Letters, Elsevier, vol. 197(C).
    8. Maio, Paulo & Xu, Danielle, 2020. "Cash-flow or return predictability at long horizons? The case of earnings yield," Journal of Empirical Finance, Elsevier, vol. 59(C), pages 172-192.
    9. Konstantinos Theodoridis, 2011. "An efficient minimum distance estimator for DSGE models," Bank of England working papers 439, Bank of England.
    10. Ryan Brady, 2013. "The Spatial Diffusion of Regional Housing Prices across U.S. States," Departmental Working Papers 45, United States Naval Academy Department of Economics.
    11. Lusompa, Amaze, 2019. "Local Projections, Autocorrelation, and Efficiency," MPRA Paper 99856, University Library of Munich, Germany, revised 11 Apr 2020.
    12. Amaze Lusompa, 2023. "Local projections, autocorrelation, and efficiency," Quantitative Economics, Econometric Society, vol. 14(4), pages 1199-1220, November.
    13. Liudas Giraitis & George Kapetanios & Konstantinos Theodoridis & Tony Yates, 2014. "Estimating time-varying DSGE models using minimum distance methods," Bank of England working papers 507, Bank of England.
    14. Ryan R. Brady, 2021. "Direct Forecasting for Applied Regional Analysis," Departmental Working Papers 67, United States Naval Academy Department of Economics.

  39. Travis J. Berge & Òscar Jordà, 2011. "Evaluating the Classification of Economic Activity into Recessions and Expansions," American Economic Journal: Macroeconomics, American Economic Association, vol. 3(2), pages 246-277, April.

    Cited by:

    1. Michael T. Owyang & Jeremy Piger & Daniel Soques, 2022. "Contagious switching," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(2), pages 415-432, March.
    2. Hashmat Khan & Santosh Upadhayaya, 2017. "Does Business Confidence Matter for Investment?," Carleton Economic Papers 17-13, Carleton University, Department of Economics, revised 20 Mar 2019.
    3. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Understanding Informality Abstract:," Working Papers 2021/03, Bogazici University, Department of Economics.
    4. Mathias Drehmann, 2013. "Evaluating early warning indicators of banking crises: Satisfying policy requirements," BIS Working Papers 421, Bank for International Settlements.
    5. Güneş Kamber & James Morley & Benjamin Wong, 2017. "Intuitive and Reliable Estimates of the Output Gap from a Beveridge-Nelson Filter," Reserve Bank of New Zealand Discussion Paper Series DP2017/01, Reserve Bank of New Zealand.
    6. Aaron J. Amburgey & Michael W. McCracken, 2023. "On the real‐time predictive content of financial condition indices for growth," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 137-163, March.
    7. Thomas M. Mertens, 2022. "Recession Prediction on the Clock," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2022(36), pages 1-06, December.
    8. Claudio Borio & Mathias Drehmann & Dora Xia, 2018. "The financial cycle and recession risk," BIS Quarterly Review, Bank for International Settlements, December.
    9. Ceyhun Elgin & M. Ayhan Kose & Franziska Ohnsorge & Shu Yu, 2021. "Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles," Koç University-TUSIAD Economic Research Forum Working Papers 2115, Koc University-TUSIAD Economic Research Forum.
    10. Sergey V. Smirnov & Nikolai V. Kondrashov & Anna V. Petronevich, 2016. "Dating Cyclical Turning Points for Russia: Formal Methods and Informal Choices," HSE Working papers WP BRP 122/EC/2016, National Research University Higher School of Economics.
    11. Buckmann, Marcus & Gallego Marquez, Paula & Gimpelewicz, Mariana & Kapadia, Sujit & Rismanchi, Katie, 2023. "The more the merrier? Evidence on the value of multiple requirements in bank regulation," Journal of Banking & Finance, Elsevier, vol. 149(C).
    12. Chris McDonald & Craig Thamotheram & Shaun P. Vahey & Elizabeth C. Wakerly, 2016. "Assessing the economic value of probabilistic forecasts in the presence of an inflation target," Reserve Bank of New Zealand Discussion Paper Series DP2016/10, Reserve Bank of New Zealand.
    13. Martin Pažický, 2021. "Predicting Recessions in Germany Using the German and the US Yield Curve," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 17(3), pages 263-291, December.
    14. Massimo Guidolin & Manuela Pedio, 2019. "Does the Cost of Private Debt Respond to Monetary Policy? Heteroskedasticity-Based Identification in a Model with Regimes," BAFFI CAREFIN Working Papers 19118, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    15. Ma, Feng & Guo, Yangli & Luo, Qin & Zhong, Juandan, 2025. "Forecasting corporate bond returns amid climate change risk: A dynamic forecast combination approach," Journal of International Money and Finance, Elsevier, vol. 154(C).
    16. Aastveit, Knut Are & Jore, Anne Sofie & Ravazzolo, Francesco, 2016. "Identification and real-time forecasting of Norwegian business cycles," International Journal of Forecasting, Elsevier, vol. 32(2), pages 283-292.
    17. Stefano Costa & Federico Sallusti & Claudio Vicarelli & Davide Zurlo, 2019. "Tech on the ROC: Export Threshold and Technology Adoption Interacted," LEM Papers Series 2019/38, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    18. Valerio Ercolani & Filippo Natoli, 2020. "Forecasting US recessions: the role of economic uncertainty," Temi di discussione (Economic working papers) 1299, Bank of Italy, Economic Research and International Relations Area.
    19. Nyberg, Henri & Pönkä, Harri, 2016. "International sign predictability of stock returns: The role of the United States," Economic Modelling, Elsevier, vol. 58(C), pages 323-338.
    20. B. De Backer & M. Deroose & Ch. Van Nieuwenhuyze, 2019. "Is a recession imminent? The signal of the yield curve," Economic Review, National Bank of Belgium, issue i, pages 69-93, June.
    21. Kajal Lahiri & Cheng Yang, 2023. "A tale of two recession-derivative indicators," Empirical Economics, Springer, vol. 65(2), pages 925-947, August.
    22. Marius M. Mihai, 2020. "Do credit booms predict US recessions?," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 39(6), pages 887-910, September.
    23. Rachidi Kotchoni & Dalibor Stevanovic, 2020. "GDP Forecast Accuracy During Recessions," Working Papers 20-06, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    24. Boonman, T.M. & Jacobs, J.P.A.M. & Kuper, G.H., 2013. "Sovereign debt crises in Latin America," Research Report 13016-EEF, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    25. Davig, Troy & Hall, Aaron Smalter, 2019. "Recession forecasting using Bayesian classification," International Journal of Forecasting, Elsevier, vol. 35(3), pages 848-867.
    26. Casarin, Roberto & Costola, Michele, 2019. "Structural changes in large economic datasets: A nonparametric homogeneity test," Economics Letters, Elsevier, vol. 176(C), pages 55-59.
    27. Li, Haixi & Sheng, Xuguang Simon & Yang, Jingyun, 2021. "Monitoring recessions: A Bayesian sequential quickest detection method," International Journal of Forecasting, Elsevier, vol. 37(2), pages 500-510.
    28. Lahiri, Kajal & Wang, J. George, 2013. "Evaluating probability forecasts for GDP declines using alternative methodologies," International Journal of Forecasting, Elsevier, vol. 29(1), pages 175-190.
    29. Constantin Bürgi & Tara M. Sinclair, 2020. "What Does Forecaster Disagreement Tell Us about the State of the Economy?," Working Papers 2020-001, The George Washington University, The Center for Economic Research.
    30. Nissilä, Wilma, 2020. "Probit based time series models in recession forecasting – A survey with an empirical illustration for Finland," BoF Economics Review 7/2020, Bank of Finland.
    31. Ana Beatriz Galvão & Michael Owyang, 2022. "Forecasting low‐frequency macroeconomic events with high‐frequency data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(7), pages 1314-1333, November.
    32. Gary Koop & Stuart McIntyre & James Mitchell & Aubrey Poon, 2022. "Reconciled Estimates of Monthly GDP in the US," Working Papers 22-01, Federal Reserve Bank of Cleveland.
    33. Scott Brave & R. Andrew Butters, 2014. "Nowcasting Using the Chicago Fed National Activity Index," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q I, pages 19-37.
    34. Bespalova, Olga, 2018. "Forecast Evaluation in Macroeconomics and International Finance. Ph.D. thesis, George Washington University, Washington, DC, USA," MPRA Paper 117706, University Library of Munich, Germany.
    35. Rachidi Kotchoni & Dalibor Stevanovic, 2016. "Forecasting U.S. Recessions and Economic Activity," Working Papers hal-04141569, HAL.
    36. Kajal Lahiri & Liu Yang, 2018. "Confidence Bands for ROC Curves With Serially Dependent Data," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 36(1), pages 115-130, January.
    37. Karsten Müller, 2022. "German forecasters’ narratives: How informative are German business cycle forecast reports?," Empirical Economics, Springer, vol. 62(5), pages 2373-2415, May.
    38. Sutirtha Bagchi, 2018. "A Tale of Two Cities: An Examination of Medallion Prices in New York and Chicago," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 53(2), pages 295-319, September.
    39. Stefano Costa & Federico Sallusti & Claudio Vicarelli & Davide Zurlo, 2021. "Italian firms in times of troubles: Covid-19 pandemic as a test of structural solidity," LEM Papers Series 2021/47, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    40. Lahiri, Kajal & Yang, Liu, 2013. "Forecasting Binary Outcomes," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 1025-1106, Elsevier.
    41. Tim Meyer, 2019. "On the Directional Accuracy of United States Housing Starts Forecasts: Evidence from Survey Data," The Journal of Real Estate Finance and Economics, Springer, vol. 58(3), pages 457-488, April.
    42. Ana Beatriz Galvão & Amit Kara, 2020. "The Impact of GDP Data Revisions on Identifying and Predicting UK Recessions," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2020-12, Economic Statistics Centre of Excellence (ESCoE).
    43. Vasilios Plakandaras & Juncal Cunado & Rangan Gupta & Mark E. Wohar, 2016. "Do Leading Indicators Forecast U.S. Recessions? A Nonlinear Re-Evaluation Using Historical Data," Working Papers 201685, University of Pretoria, Department of Economics.
    44. Lauri Nevasalmi, 2022. "Recession forecasting with high‐dimensional data," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 41(4), pages 752-764, July.
    45. Ralf Fendel & Nicola Mai & Oliver Mohr, 2021. "Recession probabilities for the Eurozone at the zero lower bound: Challenges to the term spread and rise of alternatives," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 40(6), pages 1000-1026, September.
    46. Hwang, Youngjin, 2019. "Forecasting recessions with time-varying models," Journal of Macroeconomics, Elsevier, vol. 62(C).
    47. Sander, Magnus, 2018. "Market timing over the business cycle," Journal of Empirical Finance, Elsevier, vol. 46(C), pages 130-145.
    48. Aastveit, Knut Are & Anundsen, André K. & Herstad, Eyo I., 2019. "Residential investment and recession predictability," International Journal of Forecasting, Elsevier, vol. 35(4), pages 1790-1799.
    49. Heikki Kauppi, 2019. "Recession Prediction with OptimalUse of Leading Indicators," Discussion Papers 125, Aboa Centre for Economics.
    50. Jaehyuk Choi & Desheng Ge & Kyu Ho Kang & Sungbin Sohn, 2021. "Yield Spread Selection in Predicting Recession Probabilities: A Machine Learning Approach," Papers 2101.09394, arXiv.org, revised Jan 2022.
    51. Campisi, Giovanni & Muzzioli, Silvia & De Baets, Bernard, 2024. "A comparison of machine learning methods for predicting the direction of the US stock market on the basis of volatility indices," International Journal of Forecasting, Elsevier, vol. 40(3), pages 869-880.
    52. Martin M. Andreasen & Tom Engsted & Stig V. Møller & Magnus Sander, 2016. "Bond Market Asymmetries across Recessions and Expansions: New Evidence on Risk Premia," CREATES Research Papers 2016-26, Department of Economics and Business Economics, Aarhus University.
    53. Giusto, Andrea & Piger, Jeremy, 2017. "Identifying business cycle turning points in real time with vector quantization," International Journal of Forecasting, Elsevier, vol. 33(1), pages 174-184.
    54. Mirko Abbritti & Juan Equiza & Antonio Moreno & Tommaso Trani, 2024. "Downturns and changes in the yield slope," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(3), pages 673-701, April.
    55. Marie Bessec, 2016. "Revisiting the transitional dynamics of business-cycle phases with mixed frequency data," Working Papers hal-01358595, HAL.
    56. Vrontos, Spyridon D. & Galakis, John & Vrontos, Ioannis D., 2021. "Modeling and predicting U.S. recessions using machine learning techniques," International Journal of Forecasting, Elsevier, vol. 37(2), pages 647-671.
    57. Shahram Fattahi & Kiomars Sohaili & Hamed Monkaresi & Fatemeh Mehrabi, 2017. "Modelling and Forecasting Recessions in Oil-exporting Countries: The Case of Iran," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 569-574.
    58. Camacho, Maximo & Martinez-Martin, Jaime, 2015. "Monitoring the world business cycle," Economic Modelling, Elsevier, vol. 51(C), pages 617-625.
    59. Gerlach, Stefan & Stuart, Rebecca, 2018. "The Slope of the Term Structure and Recessions: The Pre-Fed Evidence, 1857-1913," CEPR Discussion Papers 13013, C.E.P.R. Discussion Papers.
    60. Spelta, A. & Flori, A. & Pecora, N. & Pammolli, F., 2021. "Financial crises: Uncovering self-organized patterns and predicting stock markets instability," Journal of Business Research, Elsevier, vol. 129(C), pages 736-756.
    61. Gastón Giordana, 2025. "Assessing consumer CBDC adoption in Luxembourg: A micro-simulation approach," BCL working papers 193, Central Bank of Luxembourg.
    62. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    63. Bluedorn, John C. & Decressin, Jörg & Terrones, Marco E., 2016. "Do asset price drops foreshadow recessions?," International Journal of Forecasting, Elsevier, vol. 32(2), pages 518-526.
    64. Pierre Guérin & Danilo Leiva-Leon, 2015. "Model Averaging in Markov-Switching Models: Predicting National Recessions with Regional Data," Staff Working Papers 15-24, Bank of Canada.
    65. Jylhä, Petri & Lof, Matthijs, 2022. "Mind the Basel gap," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 79(C).
    66. Brill, Maximilian & Nautz, Dieter & Sieckmann, Lea, 2019. "Divisia monetary aggregates for a heterogeneous euro area," Discussion Papers 2019/9, Free University Berlin, School of Business & Economics.
    67. Jörg Döpke & Ulrich Fritsche & Karsten Müller, 2018. "Has Macroeconomic Forecasting changed after the Great Recession? - Panel-based Evidence on Accuracy and Forecaster Behaviour from Germany," Macroeconomics and Finance Series 201803, University of Hamburg, Department of Socioeconomics.
    68. Zihao Wang & Kun Li & Steve Q. Xia & Hongfu Liu, 2021. "Economic Recession Prediction Using Deep Neural Network," Papers 2107.10980, arXiv.org.
    69. Antoine Poulin-Moore & Kerem Tuzcuoglu, 2024. "Forecasting Recessions in Canada: An Autoregressive Probit Model Approach," Staff Working Papers 24-10, Bank of Canada.
    70. Basistha, Arabinda, 2025. "A Markov-switching dynamic factor framework for dating global economic cycles," Journal of International Money and Finance, Elsevier, vol. 157(C).
    71. Christian-Lambert Nguena, Oasis Kodila-Tedika, 2023. "On recessive and expansionary impact of financial development: empirical evidence," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 20(1), pages 97-130, June.
    72. Ghulame Rubbaniy & Ali Awais Khalid & Stathis Polyzos & Balqees Naser Almessabi, 2022. "Cyclicality of capital adequacy ratios in heterogeneous environment: A nonlinear panel smooth transition regression explanation," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 1960-1979, September.
    73. Liu, Jingzhen & Kemp, Alexander, 2019. "Forecasting the sign of U.S. oil and gas industry stock index excess returns employing macroeconomic variables," Energy Economics, Elsevier, vol. 81(C), pages 672-686.
    74. Elgin, Ceyhun & Kose, M. Ayhan & Ohnsorge, Franziska & Yu, Shu, 2021. "Understanding Informality," MPRA Paper 109490, University Library of Munich, Germany.
    75. Troy Davig & Aaron Smalter Hall, 2016. "Recession forecasting using Bayesian classification," Research Working Paper RWP 16-6, Federal Reserve Bank of Kansas City.
    76. Kiss, Tamás & Österholm, Pär, 2020. "Fat tails in leading indicators," Economics Letters, Elsevier, vol. 193(C).
    77. Kajal Lahiri & Liu Yang, 2015. "A Non-linear Forecast Combination Procedure for Binary Outcomes," CESifo Working Paper Series 5175, CESifo.
    78. Kim Ristolainen & Tomi Roukka & Henri Nyberg, 2021. "A Thousand Words Tell More Than Just Numbers: Financial Crises and Historical Headlines," Discussion Papers 149, Aboa Centre for Economics.
    79. Mathias Drehmann & Kostas Tsatsaronis, 2014. "The credit-to-GDP gap and countercyclical capital buffers: questions and answers," BIS Quarterly Review, Bank for International Settlements, March.
    80. Claudia Pacella, 2021. "Dating the euro area business cycle: an evaluation," Temi di discussione (Economic working papers) 1332, Bank of Italy, Economic Research and International Relations Area.
    81. Sajjad Taghiyeh & David C Lengacher & Robert B Handfield, 2020. "Loss Rate Forecasting Framework Based on Macroeconomic Changes: Application to US Credit Card Industry," Papers 2006.07911, arXiv.org.
    82. Zhiping Zhou & Xuan Zhang, 2022. "Quantifying nonlinear effects of BRIC and G4 liquidity on oil prices," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 9(1), pages 1-13, December.
    83. Christiansen, Charlotte & Eriksen, Jonas Nygaard & Møller, Stig Vinther, 2014. "Forecasting US recessions: The role of sentiment," Journal of Banking & Finance, Elsevier, vol. 49(C), pages 459-468.
    84. Zhongbo Jing & Jakob de Haan & Jan P.A.M. Jacobs & Haizhen Yang, 2013. "Identifying Banking Crises Using Money Market Pressure: New Evidence For A Large Set of Countries," CIRANO Working Papers 2013s-41, CIRANO.
    85. Costa, Stefano & Sallusti, Federico & Vicarelli, Claudio & Zurlo, Davide, 2022. "Firms’ solidity before an exogenous shock: Covid-19 pandemic in Italy," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 946-961.
    86. Agudze, Komla M. & Billio, Monica & Casarin, Roberto & Ravazzolo, Francesco, 2022. "Markov switching panel with endogenous synchronization effects," Journal of Econometrics, Elsevier, vol. 230(2), pages 281-298.
    87. Borio, Claudio & Drehmann, Mathias & Xia, Fan Dora, 2020. "Forecasting recessions: the importance of the financial cycle," Journal of Macroeconomics, Elsevier, vol. 66(C).
    88. Claudio Borio & Mathias Drehmann & Dora Xia Author-X-Name_First: Dora, 2019. "Predicting recessions: financial cycle versus term spread," BIS Working Papers 818, Bank for International Settlements.
    89. Máximo Camacho & Gonzalo Palmieri, 2021. "Evaluating the OECD’s main economic indicators at anticipating recessions," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 40(1), pages 80-93, January.
    90. Rohit Garimella & Òscar Jordà & Sanjay R. Singh, 2025. "A New Labor Market Stress Indicator," Working Paper Series 2025-31, Federal Reserve Bank of San Francisco.
    91. Yildirim, Yusuf & Sanyal, Anirban, 2022. "Evaluating the Effectiveness of Early Warning Indicators: An Application of Receiver Operating Characteristic Curve Approach to Panel Data," EconStor Preprints 251726, ZBW - Leibniz Information Centre for Economics.
    92. Huiwen Lai & Eric C. Y. Ng, 2020. "On business cycle forecasting," Frontiers of Business Research in China, Springer, vol. 14(1), pages 1-26, December.
    93. Kirschenmann, Karolin & Malinen, Tuomas & Nyberg, Henri, 2016. "The risk of financial crises: Is there a role for income inequality?," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 161-180.
    94. Martínez-García, Enrique & Grossman, Valerie & Mack, Adrienne, 2015. "A contribution to the chronology of turning points in global economic activity (1980–2012)," Journal of Macroeconomics, Elsevier, vol. 46(C), pages 170-185.
    95. Vegard H ghaug Larsen & Leif Anders Thorsrud, 2018. "Business cycle narratives," Working Papers No 6/2018, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    96. Luca Brugnolini, 2018. "Forecasting Deflation Probability in the EA: A Combinatoric Approach," CBM Working Papers WP/01/2018, Central Bank of Malta.
    97. Jeffrey Clemens & Michael R. Strain, 2020. "Public Policy and Participation in Political Interest Groups: An Analysis of Minimum Wages, Labor Unions, and Effective Advocacy," NBER Working Papers 27902, National Bureau of Economic Research, Inc.
    98. Pierdzioch Christian & Gupta Rangan, 2020. "Uncertainty and Forecasts of U.S. Recessions," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 24(4), pages 1-20, September.
    99. Gaston Giordana & Michael H. Ziegelmeyer, 2022. "Using household-level data to guide borrower-based macro-prudential policy," BCL working papers 161, Central Bank of Luxembourg.
    100. Donato Ceci & Andrea Silvestrini, 2023. "Nowcasting the state of the Italian economy: The role of financial markets," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(7), pages 1569-1593, November.
    101. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2010. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," NBER Working Papers 16567, National Bureau of Economic Research, Inc.
    102. Balcilar, Mehmet & Gupta, Rangan & Segnon, Mawuli, 2016. "The role of economic policy uncertainty in predicting U.S. recessions: A mixed-frequency Markov-switching vector autoregressive approach," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy, vol. 10, pages 1-20.
    103. Christiansen, Charlotte & Eriksen, Jonas N. & Møller, Stig V., 2019. "Negative house price co-movements and US recessions," Regional Science and Urban Economics, Elsevier, vol. 77(C), pages 382-394.
    104. Huang, Yu-Fan & Startz, Richard, 2020. "Improved recession dating using stock market volatility," International Journal of Forecasting, Elsevier, vol. 36(2), pages 507-514.
    105. Ghulame Rubbaniy & Ali Awais Khalid & Shoaib Ali & Efstathios Polyzos, 2023. "Cyclicality of liquidity creation: Nonlinear evidence from US bank holding companies," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(4), pages 1165-1185, December.
    106. Jorge E. Galán, 2021. "CREWS: a CAMELS-based early warning system of systemic risk in the banking sector," Occasional Papers 2132, Banco de España.
    107. Weiling Liu & Emanuel Moench, 2014. "What predicts U.S. recessions?," Staff Reports 691, Federal Reserve Bank of New York.
    108. Michael W. McCracken & Joseph McGillicuddy & Michael T. Owyang, 2019. "Binary Conditional Forecasts," Working Papers 2019-029, Federal Reserve Bank of St. Louis, revised Apr 2021.
    109. Turgut Kisinbay & Chikako Baba, 2011. "Predicting Recessions: A New Approach for Identifying Leading Indicators and Forecast Combinations," IMF Working Papers 2011/235, International Monetary Fund.
    110. David W. Findlay, 2024. "To Dip or Not to Dip? A Comment on Kyer and Maggs (2019)," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 30(1), pages 47-63, February.
    111. Stefano Costa & Federico Sallusti & Claudio Vicarelli & Davide Zurlo, 2019. "Tech on the ROC: A New Way of Looking at Exporting Firms," Working Papers LuissLab 19152, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    112. André K. Anundsen & Frank Hansen & Karsten Gerdrup & Kasper Kragh-Sørensen, 2014. "Bubbles and crises: The role of house prices and credit," Working Paper 2014/14, Norges Bank.
    113. Silver, Steven D. & Raseta, Marko & Bazarova, Alina, 2023. "Stochastic resonance in the recovery of signal from agent price expectations," Chaos, Solitons & Fractals, Elsevier, vol. 174(C).
    114. Ceyhun Elgin & M. ayhan Köse & Franziska Ohnsorge & Shu Yu, 2021. "Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles Abstract:," Working Papers 2021/04, Bogazici University, Department of Economics.
    115. Pierdzioch, Christian & Risse, Marian & Rohloff, Sebastian, 2016. "A quantile-boosting approach to forecasting gold returns," The North American Journal of Economics and Finance, Elsevier, vol. 35(C), pages 38-55.
    116. Christian Garciga & James Mitchell, 2025. "Forecasting US Recessions in Real-Time Using Regional Economic Sentiment," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2025(13), pages 1-12, November.
    117. Travis J. Berge & Òscar Jordà, 2011. "A chronology of turning points in economic activity: Spain, 1850-2011," Research Working Paper RWP 11-14, Federal Reserve Bank of Kansas City.
    118. Kim Ristolainen, 2015. "Were the Scandinavian Banking Crises Predictable? A Neural Network Approach," Discussion Papers 99, Aboa Centre for Economics.
    119. Binici, Mahir & Köksal, Bülent, 2012. "Türkiye'de Aşırı Kredi Genişlemeleri ve Belirleyicileri [Determinants of Credit Booms in Turkey]," MPRA Paper 38032, University Library of Munich, Germany.
    120. van Os, Bram & van Dijk, Dick, 2024. "Accelerating peak dating in a dynamic factor Markov-switching model," International Journal of Forecasting, Elsevier, vol. 40(1), pages 313-323.
    121. Henri Nyberg, 2018. "Forecasting US interest rates and business cycle with a nonlinear regime switching VAR model," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 37(1), pages 1-15, January.
    122. Jozef Barunik & Mattia Bevilacqua & Robert Faff, 2021. "Dynamic industry uncertainty networks and the business cycle," Papers 2101.06957, arXiv.org, revised Mar 2021.
    123. Leif Anders Thorsrud, 2016. "Words are the new numbers: A newsy coincident index of business cycles," Working Papers No 4/2016, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    124. Pönkä, Harri & Stenborg, Markku, 2018. "Forecasting the state of the Finnish business cycle," MPRA Paper 91226, University Library of Munich, Germany.
    125. Larson, William D. & Sinclair, Tara M., 2022. "Nowcasting unemployment insurance claims in the time of COVID-19," International Journal of Forecasting, Elsevier, vol. 38(2), pages 635-647.
    126. Jón Daníelsson & Marcela Valenzuela & Ilknur Zer, 2016. "Learning from History : Volatility and Financial Crises," Finance and Economics Discussion Series 2016-093, Board of Governors of the Federal Reserve System (U.S.).
    127. Arabinda Basistha, "undated". "Estimates of Quarterly and Monthly Episodes of Global Recessions: Evidence from Markov-switching Dynamic Factor Models," Working Papers 24-07, Department of Economics, West Virginia University.
    128. Kajal Lahiri & Cheng Yang, 2023. "ROC and PRC Approaches to Evaluate Recession Forecasts," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 19(2), pages 119-148, September.
    129. Neville Francis & Michael T. Owyang & Daniel Soques, 2019. "Business Cycles Across Space and Time," Working Papers 2019-010, Federal Reserve Bank of St. Louis, revised 05 May 2021.
    130. Yu-Chin Hsu & Robert P. Lieli, 2021. "Inference for ROC Curves Based on Estimated Predictive Indices," Papers 2112.01772, arXiv.org.
    131. Maximo Camacho & Salvador Ramallo & Manuel Ruiz, 2024. "A New Approach to Forecasting the Probability of Recessions after the COVID‐19 Pandemic," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(4), pages 833-855, August.
    132. Mathias Drehmann & James Yetman, 2020. "Which credit gap is better at predicting financial crises? A comparison of univariate filters," BIS Working Papers 878, Bank for International Settlements.
    133. Rodrigo Guimaraes & Gabor Pinter & Jean-Charles Wijnandts, 2023. "The liquidity state-dependence of monetary policy transmission," Bank of England working papers 1045, Bank of England.
    134. Heinrich, Markus, 2020. "Does the Current State of the Business Cycle matter for Real-Time Forecasting? A Mixed-Frequency Threshold VAR approach," EconStor Preprints 219312, ZBW - Leibniz Information Centre for Economics.
    135. Christian Pierdzioch & Monique B. Reid & Rangan Gupta, 2014. "On the Directional Accuracy of Inflation Forecasts: Evidence from South African Survey Data," Working Papers 24/2014, Stellenbosch University, Department of Economics.
    136. Duprey, Thibaut & Klaus, Benjamin, 2022. "Early warning or too late? A (pseudo-)real-time identification of leading indicators of financial stress," Journal of Banking & Finance, Elsevier, vol. 138(C).
    137. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    138. David Coble & Pablo Pincheira, 2021. "Forecasting building permits with Google Trends," Empirical Economics, Springer, vol. 61(6), pages 3315-3345, December.
    139. Scott A. Brave & Jose A. Lopez, 2018. "Calibrating Macroprudential Policy to Forecasts of Financial Stability," Working Paper Series 2017-17, Federal Reserve Bank of San Francisco.
    140. Nguena, Christian-Lambert & Kodila-Tedika, Oasis, 2020. "On Recessive and Expansionary Impact of Financial Development: Empirical Evidence," GLO Discussion Paper Series 555, Global Labor Organization (GLO).
    141. Victoria Atanasov & Stig V. Møller & Richard Priestley, 2020. "Consumption Fluctuations and Expected Returns," Journal of Finance, American Finance Association, vol. 75(3), pages 1677-1713, June.
    142. du Plessis, Emile, 2024. "Reading between the lines: Quantitative text analysis of banking crises," Research in Economics, Elsevier, vol. 78(4).
    143. Harri Pönkä, 2015. "The Role of Credit in Predicting US Recessions," CREATES Research Papers 2015-48, Department of Economics and Business Economics, Aarhus University.
    144. Pascal Michaillat, 2025. "Recession Detection Using Classifiers on the Anticipation-Precision Frontier," Papers 2506.09664, arXiv.org, revised Dec 2025.
    145. Yongchen Zhao, 2020. "Predicting U.S. Business Cycle Turning Points Using Real-Time Diffusion Indexes Based on a Large Data Set," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 16(2), pages 77-97, November.
    146. Chatterjee, Ujjal K. & Zirgulis, Aras & Hüttinger, Maik & French, Joseph J., 2024. "Reassessing the inversion of the Treasury yield curve as a sign of U.S. recessions: Insights from the housing and credit markets," The North American Journal of Economics and Finance, Elsevier, vol. 73(C).
    147. Pierdzioch, Christian & Rülke, Jan-Christoph, 2015. "On the directional accuracy of forecasts of emerging market exchange rates," International Review of Economics & Finance, Elsevier, vol. 38(C), pages 369-376.
    148. Mönch, Emanuel & Stein, Tobias, 2021. "Equity premium predictability over the business cycle," Discussion Papers 25/2021, Deutsche Bundesbank.
    149. Lahiri, Kajal & Yang, Liu, 2015. "A further analysis of the conference board’s new Leading Economic Index," International Journal of Forecasting, Elsevier, vol. 31(2), pages 446-453.
    150. Karolin Kirschenmann & Tuomas Malinen & Henri Nyberg, 2014. "The risk of financial crises: Is it in real or financial factors?," Working Papers 336, ECINEQ, Society for the Study of Economic Inequality.
    151. Jörg Döpke & Ulrich Fritsche & Christian Pierdzioch, 2015. "Predicting Recessions With Boosted Regression Trees," Working Papers 2015-004, The George Washington University, The Center for Economic Research.
    152. Seulki Chung, 2023. "Real-time Prediction of the Great Recession and the Covid-19 Recession," Papers 2310.08536, arXiv.org, revised May 2024.
    153. Detken, Carsten & Weeken, Olaf & Alessi, Lucia & Bonfim, Diana & Boucinha, Miguel & Castro, Christian & Frontczak, Sebastian & Giordana, Gaston & Giese, Julia & Wildmann, Nadya & Kakes, Jan & Klaus, B, 2014. "Operationalising the countercyclical capital buffer: indicator selection, threshold identification and calibration options," ESRB Occasional Paper Series 5, European Systemic Risk Board.
    154. Stephen Broadberry & Jagjit S. Chadha & Jason Lennard & Ryland Thomas, 2023. "Dating business cycles in the United Kingdom, 1700–2010," Economic History Review, Economic History Society, vol. 76(4), pages 1141-1162, November.
    155. Danilo Leiva-Leon & Gabriel Pérez-Quirós & Eyno Rots, 2020. "Real-Time Weakness of the Global Economy: A First Assessment of the Coronavirus Crisis," MNB Working Papers 2020/4, Magyar Nemzeti Bank (Central Bank of Hungary).
    156. Christian-Lambert Nguena & Oasis Kodila-Tedika, 2023. "Zu rezessiven und expansiven Auswirkungen der Finanzentwicklung: empirische Beweise [On recessive and expansionary impact of financial development: empirical evidence]," Post-Print hal-04228903, HAL.
    157. Anna Pestova, 2015. "Leading Indicators of the Business Cycle: Dynamic Logit Models for OECD Countries and Russia," HSE Working papers WP BRP 94/EC/2015, National Research University Higher School of Economics.
    158. Sergey Smirnov, 2011. "Those Unpredictable Recessions," HSE Working papers WP BRP 02/EC/2011, National Research University Higher School of Economics.
    159. Blanchflower, David G. & Bryson, Alex, 2023. "Labour Market Expectations and Unemployment in Europe," IZA Discussion Papers 15905, Institute of Labor Economics (IZA).
    160. Mr. John C Bluedorn & Rupa Duttagupta & Mr. Jaime Guajardo & Miss Nkunde Mwase, 2013. "The Growth Comeback in Developing Economies: A New Hope or Back to the Future?," IMF Working Papers 2013/132, International Monetary Fund.
    161. Emile du Plessis, 2025. "Can Text-Based Statistical Models Reveal Impending Banking Crises?," Computational Economics, Springer;Society for Computational Economics, vol. 65(3), pages 1265-1298, March.
    162. Emmanuel Paroissien & Laure Latruffe & Laurent Piet, 2021. "Early exit from business, performance and neighbours’ influence: a study of farmers in France [Effects of differing farm policies on farm structure and dynamics]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(5), pages 1132-1161.
    163. Bowen Fu, 2019. "Bubbles and crises: Replicating the Anundsen et al. (2016) results," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(5), pages 822-826, August.
    164. Serena Ng, 2014. "Viewpoint: Boosting Recessions," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 47(1), pages 1-34, February.
    165. du Plessis, Emile, 2022. "Multinomial modeling methods: Predicting four decades of international banking crises," Economic Systems, Elsevier, vol. 46(2).
    166. Jaehyuk Choi & Desheng Ge & Kyu Ho Kang & Sungbin Sohn, 2023. "Yield spread selection in predicting recession probabilities," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(7), pages 1772-1785, November.
    167. Danilo Leiva‐León & Gabriel Perez Quiros & Eyno Rots, 2024. "Real‐time weakness of the global economy," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(5), pages 813-832, August.
    168. Qiang Chen & Yu Han & Ying Huang, 2024. "Market‐wide overconfidence and stock returns," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 44(1), pages 3-26, January.
    169. Aucejo, Esteban M. & French, Jacob & Zafar, Basit, 2023. "Estimating students’ valuation for college experiences," Journal of Public Economics, Elsevier, vol. 224(C).
    170. Kim Ristolainen, 2018. "Predicting Banking Crises with Artificial Neural Networks: The Role of Nonlinearity and Heterogeneity," Scandinavian Journal of Economics, Wiley Blackwell, vol. 120(1), pages 31-62, January.
    171. Le Mezo, Helena & Ferrari Minesso, Massimo, 2021. "Text-based recession probabilities," Working Paper Series 2516, European Central Bank.
    172. Jörg Döpke & Ulrich Fritsche & Christian Pierdzioch, 2015. "Predicting Recessions in Germany With Boosted Regression Trees," Macroeconomics and Finance Series 201505, University of Hamburg, Department of Socioeconomics.
    173. Duprey, Thibaut & Klaus, Benjamin & Peltonen, Tuomas, 2017. "Dating systemic financial stress episodes in the EU countries," Journal of Financial Stability, Elsevier, vol. 32(C), pages 30-56.
    174. Camacho, Maximo & Perez-Quiros, Gabriel & Poncela, Pilar, 2018. "Markov-switching dynamic factor models in real time," International Journal of Forecasting, Elsevier, vol. 34(4), pages 598-611.
    175. Pierluigi Bologna & Maddalena Galardo, 2024. "Calibrating the countercyclical capital buffer using AUROCs," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 53(1), February.
    176. Daniel Borup & Jonas N. Eriksen & Mads M. Kjær & Martin Thyrsgaard, 2020. "Predicting bond return predictability," CREATES Research Papers 2020-09, Department of Economics and Business Economics, Aarhus University.
    177. Jorge E. Galán & Javier Mencía, 2021. "Model-based indicators for the identification of cyclical systemic risk," Empirical Economics, Springer, vol. 61(6), pages 3179-3211, December.
    178. Pierluigi Bologna & Maddalena Galardo, 2022. "Calibrating the countercyclical capital buffer for Italy," Questioni di Economia e Finanza (Occasional Papers) 679, Bank of Italy, Economic Research and International Relations Area.

  40. Òscar Jordà & Moritz Schularick & Alan M Taylor, 2011. "Financial Crises, Credit Booms, and External Imbalances: 140 Years of Lessons," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 59(2), pages 340-378, June.
    See citations under working paper version above.
  41. Travis J. Berge & Early Elias & Òscar Jordà, 2011. "Future recession risks: an update," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue nov.14.

    Cited by:

    1. Ravazzolo Francesco & Rothman Philip, 2016. "Oil-price density forecasts of US GDP," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 20(4), pages 441-453, September.

  42. Òscar Jordà & Massimiliano Marcellino, 2010. "Path forecast evaluation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(4), pages 635-662.
    See citations under working paper version above.
  43. Travis J. Berge & Òscar Jordà, 2010. "Future recession risks," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue aug9.

    Cited by:

    1. Travis J. Berge & Early Elias & Òscar Jordà, 2011. "Future recession risks: an update," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue nov.14.
    2. David Lang & Kevin J. Lansing, 2010. "Forecasting growth over the next year with a business cycle index," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue sep27.

  44. Òscar Jordà, 2009. "Simultaneous Confidence Regions for Impulse Responses," The Review of Economics and Statistics, MIT Press, vol. 91(3), pages 629-647, August.

    Cited by:

    1. Stefan Bruder & Michael Wolf, 2017. "Balanced bootstrap joint confidence bands for structural impulse response functions," ECON - Working Papers 246, Department of Economics - University of Zurich, revised Jan 2018.
    2. Oscar Jorda & Moritz HP. Schularick & Alan M. Taylor, 2012. "When Credit Bites Back: Leverage, Business Cycles and Crises," Working Papers Series 20, Institute for New Economic Thinking.
    3. Grabowski, Daniel & Staszewska-Bystrova, Anna, 2018. "Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181590, Verein für Socialpolitik / German Economic Association.
    4. Wojciech Charemza & Svetlana Makarova & Imran Shah, 2013. "Making the most of High Inflation," Discussion Papers in Economics 13/01, Division of Economics, School of Business, University of Leicester.
    5. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    6. Òscar Jordà & Massimiliano Marcellino, 2010. "Path forecast evaluation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 25(4), pages 635-662.
    7. Inoue, Atsushi & Kilian, Lutz, 2013. "Inference on impulse response functions in structural VAR models," Journal of Econometrics, Elsevier, vol. 177(1), pages 1-13.
    8. Staszewska-Bystrova Anna, 2013. "Modified Scheffé’s Prediction Bands," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 233(5-6), pages 680-690, October.
    9. Atsushi Inoue & Òscar Jordà & Guido M. Kuersteiner, 2024. "Inference for Local Projections," Working Paper Series 2024-29, Federal Reserve Bank of San Francisco.
    10. Mar'ia Dolores Gadea & `Oscar Jord`a, 2025. "Local Projections Bootstrap Inference," Papers 2509.17949, arXiv.org.
    11. Yambolov, Andrian, 2025. "How to conduct joint Bayesian inference in VAR models?," Working Paper Series 3100, European Central Bank.
    12. Ryan R. Brady & Derek Stimel & Steven Sumner, 2012. "A Time Series Test of the Direct Wealth Effect," Departmental Working Papers 40, United States Naval Academy Department of Economics.
    13. Makram El-Shagi & Yishuo Ma, 2021. "Nine blind men and the PBoC," CFDS Discussion Paper Series 2021/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    14. Michael Donadelli & Marcus Jüppner & Antonio Paradiso & Christian Schlag, 2019. "Temperature Volatility Risk," Working Papers 2019:05, Department of Economics, University of Venice "Ca' Foscari".
    15. Lütkepohl, Helmut & Staszewska-Bystrova, Anna & Winker, Peter, 2013. "Comparison of methods for constructing joint confidence bands for impulse response functions," SFB 649 Discussion Papers 2013-031, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    16. Lütkepohl, Helmut & Staszewska-Bystrova, Anna & Winker, Peter, 2014. "Confidence bands for impulse responses: Bonferroni versus Wald," SFB 649 Discussion Papers 2014-007, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    17. Maria Gadea & Òscar Jordà, 2025. "Local Projections Bootstrap Inference," Working Paper Series 2025-21, Federal Reserve Bank of San Francisco.
    18. Simon Freyaldenhoven & Christian Hansen, 2025. "(Visualizing) Plausible Treatment Effect Paths," Papers 2505.12014, arXiv.org.
    19. Atsushi Inoue & Lutz Kilian, 2014. "Joint Confidence Sets for Structural Impulse Responses," Departmental Working Papers 1401, Southern Methodist University, Department of Economics.
    20. Konstantinos Theodoridis, 2011. "An efficient minimum distance estimator for DSGE models," Bank of England working papers 439, Bank of England.
    21. Raphaël Chiappini & Bertrand Groslambert & Olivier Bruno, 2024. "A method to measure bank output while excluding credit risk and retaining liquidity effects," Post-Print hal-04452785, HAL.
    22. Helmut Lütkepohl & Anna Staszewska-Bystrova & Peter Winker, 2018. "Constructing Joint Confidence Bands for Impulse Response Functions of VAR Models: A Review," Discussion Papers of DIW Berlin 1762, DIW Berlin, German Institute for Economic Research.
    23. Ryan Brady, 2013. "The Spatial Diffusion of Regional Housing Prices across U.S. States," Departmental Working Papers 45, United States Naval Academy Department of Economics.
    24. Wu, Jyh-Lin & Lee, Chingnun & Wang, Tzu-Wei, 2011. "A re-examination on dissecting the purchasing power parity puzzle," Journal of International Money and Finance, Elsevier, vol. 30(3), pages 572-586, April.
    25. Atsushi Inoue & Òscar Jordà & Guido M. Kuersteiner, 2023. "Significance Bands for Local Projections," Working Paper Series 2023-15, Federal Reserve Bank of San Francisco.
    26. Raphael Chiappini & Delphine Lahet, 2020. "Exchange rate movements in emerging economies - Global vs regional factors in Asia," Post-Print hal-03431453, HAL.
    27. Erik Kole & Dick van Dijk, 2022. "Moments, Shocks and Spillovers in Markov-switching VAR Models," Tinbergen Institute Discussion Papers 21-080/III, Tinbergen Institute, revised 11 Jan 2022.

  45. Galina Hale & Òscar Jordà, 2007. "Do monetary aggregates help forecast inflation?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue apr13.

    Cited by:

    1. Berger, Helge & Österholm, Pär, 2007. "Does Money Growth Granger-Cause Inflation in the Euro Area? Evidence from Out-of-Sample Forecasts Using Bayesian VARs," Working Paper Series 2007:30, Uppsala University, Department of Economics.
    2. Mahdi Barakchian, S., 2015. "Transmission of US monetary policy into the Canadian economy: A structural cointegration analysis," Economic Modelling, Elsevier, vol. 46(C), pages 11-26.
    3. Mr. Helge Berger & Mr. Thomas Harjes & Mr. Emil Stavrev, 2008. "The ECB’s Monetary Analysis Revisited," IMF Working Papers 2008/171, International Monetary Fund.
    4. Österholm, Pär, 2009. "Improving Unemployment Rate Forecasts Using Survey Data," Working Papers 112, National Institute of Economic Research.
    5. Narayan, Seema & Cirikisuva, Salote & Naivutu, Revoni, 2023. "A hybrid NKPC inflation model for the small Island state of Fiji," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 873-886.
    6. Roman Horvath & Lubos Komarek & Filip Rozsypal, 2010. "Does Money Help Predict Inflation? An Empirical Assessment for Central Europe," Working Papers 2010/05, Czech National Bank, Research and Statistics Department.
    7. Mr. Arto Kovanen, 2011. "Does Money Matter for Inflation in Ghana?," IMF Working Papers 2011/274, International Monetary Fund.
    8. Pär Österholm & Mr. Helge Berger, 2008. "Does Money Matter for U.S. Inflation? Evidence from Bayesian VARs," IMF Working Papers 2008/076, International Monetary Fund.
    9. Shahid IQBAL & Maqbool H. SIAL, 2016. "Projections of Inflation Dynamics for Pakistan: GMDH Approach," Journal of Economics and Political Economy, KSP Journals, vol. 3(3), pages 536-559, September.
    10. Mr. Emil Stavrev & Mr. Helge Berger, 2008. "The Information Content of Money in Forecasting Euro Area Inflation," IMF Working Papers 2008/166, International Monetary Fund.

  46. Òscar Jordà, 2005. "Can monetary policy influence long-term interest rates?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may20.

    Cited by:

    1. Chen, Zhengyang, 2019. "The Long-term Rate and Interest Rate Volatility in Monetary Policy Transmission," EconStor Preprints 204579, ZBW - Leibniz Information Centre for Economics.

  47. Òscar Jordà, 2005. "Estimation and Inference of Impulse Responses by Local Projections," American Economic Review, American Economic Association, vol. 95(1), pages 161-182, March.

    Cited by:

    1. Ikan, Lotem & Lagziel, David & Raveh, Ohad, 2025. "Resource windfalls, connectivity, and political polarization," Journal of Environmental Economics and Management, Elsevier, vol. 132(C).
    2. Oliver Hülsewig & Horst Rottmann, 2022. "Unemployment in the Euro Area and Unconventional Monetary Policy Surprises," CESifo Working Paper Series 10091, CESifo.
    3. Matkovskyy, Roman & Jalan, Akanksha & Dowling, Michael, 2020. "Effects of economic policy uncertainty shocks on the interdependence between Bitcoin and traditional financial markets," The Quarterly Review of Economics and Finance, Elsevier, vol. 77(C), pages 150-155.
    4. Copestake, Alexander & Furceri, Davide & Gonzalez-Dominguez, Pablo, 2023. "Crypto market responses to digital asset policies," Economics Letters, Elsevier, vol. 222(C).
    5. Hilde C. Bjørnland & Leif Anders Thorsrud & Ragnar Torvik, 2018. "Dutch Disease Dynamics Reconsidered," Working Papers No 4/2018, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    6. Falk Bräuning & José Fillat & Gustavo Joaquim, 2022. "Cost-Price Relationships in a Concentrated Economy," Current Policy Perspectives 94265, Federal Reserve Bank of Boston.
    7. Fergus Cumming & Paul Hubert, 2019. "The role of households' borrowing constraints in the transmission of monetary policy," Sciences Po Economics Publications (main) hal-03403257, HAL.
    8. Schmeling, Maik & Schrimpf, Paul & Kroencke, Tim, 2019. "The FOMC Risk Shift," CEPR Discussion Papers 14037, C.E.P.R. Discussion Papers.
    9. Davide Furceri & Mr. Prakash Loungani & John Simon & Susan Wachter, 2015. "Global Food Prices and Domestic Inflation: Some Cross-Country Evidence," IMF Working Papers 2015/133, International Monetary Fund.
    10. Mario Gonzalez & Raul Cruz Tadle, 2022. "Monetary policy press releases: an international comparison," BIS Working Papers 1023, Bank for International Settlements.
    11. Foly Ananou & Dimitris Chronopoulos & Amine Tarazi & John O S Wilson, 2023. "Liquidity Regulation and Bank Risk," Working Papers hal-03366418, HAL.
    12. Michael D. Bauer & Eric T. Swanson, 2022. "A Reassessment of Monetary Policy Surprises and High-Frequency Identification," NBER Chapters, in: NBER Macroeconomics Annual 2022, volume 37, pages 87-155, National Bureau of Economic Research, Inc.
    13. Bonciani, Dario, 2015. "Estimating the effects of uncertainty over the business cycle," MPRA Paper 65921, University Library of Munich, Germany.
    14. Senni, Chiara Colesanti & von Jagow, Adrian, 2023. "Water risks for hydroelectricity generation," LSE Research Online Documents on Economics 119255, London School of Economics and Political Science, LSE Library.
    15. Dedola, Luca & Georgiadis, Georgios & Gräb, Johannes & Mehl, Arnaud, 2018. "Does a big bazooka matter? Central bank balance-sheet policies and exchange rates," Working Paper Series 2197, European Central Bank.
    16. Erwan Gautier & Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area," Working papers 878, Banque de France.
    17. Joshua Aizenman & Daniel Riera-Crichton, 2015. "Liquidity and Foreign Asset Management Challenges for Latin American Countries," Central Banking, Analysis, and Economic Policies Book Series, in: Rodrigo Caputo & Roberto Chang (ed.),Commodity Prices and Macroeconomic Policy, edition 1, volume 22, chapter 4, pages 091-134, Central Bank of Chile.
    18. Oriol Gonzalez-Casasus & Frank Schorfheide, 2025. "Misspecification-Robust Shrinkage and Selection for VAR Forecasts and IRFs," PIER Working Paper Archive 25-003, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    19. Aysun, Uluc, 2008. "Automatic stabilizer feature of fixed exchange rate regimes," Emerging Markets Review, Elsevier, vol. 9(4), pages 302-328, December.
    20. Shiyi Wang, 2019. "Capital Flow Volatility: The Effects of Financial Development and Global Financial Conditions," 2019 Papers pwa945, Job Market Papers.
    21. Georgescu, Oana-Maria & Martín, Diego Vila, 2021. "Do macroprudential measures increase inequality? Evidence from the euro area household survey," Working Paper Series 2567, European Central Bank.
    22. Piergiorgio Alessandri & Antonio M. Conti & Fabrizio Venditti, 2016. "The Financial Stability Dark Side of Monetary Policy," BCAM Working Papers 1601, Birkbeck Centre for Applied Macroeconomics.
    23. Chudik, Alexander & Georgiadis, Georgios, 2019. "Estimation of impulse response functions when shocks are observed at a higher frequency than outcome variables," Working Paper Series 2307, European Central Bank.
    24. Gaston Navarro & Axelle Ferriere, 2016. "The Heterogeneous Effects of Government Spending: It's All About Taxes," 2016 Meeting Papers 1286, Society for Economic Dynamics.
    25. Coen N. Teulings & Nick Zubanov, 2010. "Is Economic Recovery a Myth? Robust Estimation of Impulse Responses," Tinbergen Institute Discussion Papers 10-040/3, Tinbergen Institute, revised 07 Jul 2011.
    26. Karl-Friedrich Israel & Tim Florian Sepp & Nils Sonnenberg, 2023. "The Effects of Unconventional Monetary Policy on Stock Markets and Household Incomes in Japan," Post-Print halshs-04024219, HAL.
    27. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2011. "When credit bites back: leverage, business cycles, and crises," Working Paper Series 2011-27, Federal Reserve Bank of San Francisco.
    28. Ambrocio, Gene & Hasan, Iftekhar & Li, Xiang, 2024. "Global political ties and the global financial cycle," Bank of Finland Research Discussion Papers 1/2024, Bank of Finland.
    29. James McNeil, 2020. "Estimation of Impulse response functions with term structure local projections," Working Papers daleconwp2020-05, Dalhousie University, Department of Economics.
    30. Kundu, Shohini, 2023. "The externalities of fire sales: evidence from collateralized loan obligations," ESRB Working Paper Series 141, European Systemic Risk Board.
    31. Edward P. Herbst & Benjamin K. Johannsen, 2020. "Bias in Local Projections," Finance and Economics Discussion Series 2020-010r1, Board of Governors of the Federal Reserve System (U.S.), revised 04 Jan 2021.
    32. Arindrajit Dube & Daniele Girardi & Òscar Jordà & Alan M. Taylor, 2023. "A Local Projections Approach to Difference-in-Differences Event Studies," Working Paper Series 2023-12, Federal Reserve Bank of San Francisco.
    33. Gabriel Jiménez & Dmitry Kuvshinov & José-Luis Peydró & Bjoern Richter, 2022. "Monetary policy, inflation, and crises: New evidence from history and administrative data," Economics Working Papers 1854, Department of Economics and Business, Universitat Pompeu Fabra, revised May 2023.
    34. Jarotschkin, Alexandra & Kraay, Aart, 2013. "Aid, disbursement delays, and the real exchange rate," Policy Research Working Paper Series 6501, The World Bank.
    35. Couaillier, Cyril & Scalone, Valerio, 2024. "Risk-to buffer: setting cyclical and structural banks capital requirements through stress test," Working Paper Series 2966, European Central Bank.
    36. Fernández-Villaverde, Jesús & Arias, Jonas & Rubio-Ramírez, Juan Francisco & Shin, Minchul, 2021. "Bayesian Estimation of Epidemiological Models: Methods, Causality, and Policy Trade-Offs," CEPR Discussion Papers 15951, C.E.P.R. Discussion Papers.
    37. Georgiadis, Georgios, 2017. "To bi, or not to bi? Differences between spillover estimates from bilateral and multilateral multi-country models," Journal of International Economics, Elsevier, vol. 107(C), pages 1-18.
    38. Kozo UEDA & Hinata Sasaki, 2024. "Do Cashless Payments Stimulate Spending? Evidence from QR Code Payment Campaigns and Bank Transaction Data in Japan," CIGS Working Paper Series 24-008E, The Canon Institute for Global Studies.
    39. Òscar Jordà & Martin Kornejew & Moritz Schularick & Alan M. Taylor, 2020. "Zombies at large? Corporate debt overhang and the macroeconomy," ECONtribute Discussion Papers Series 042, University of Bonn and University of Cologne, Germany.
    40. Moritz Schularick & Bjorn Richter & Alan Taylor & Oscar Jorda, 2017. "Bank Capital Redux: Solvency, Liquidity, and Crisis," 2017 Meeting Papers 843, Society for Economic Dynamics.
    41. Andres Alonso-Robisco & Jose Carbo & Emily Kormanyos & Elena Triebskorn, 2025. "Houston, we have a problem: can satellite information bridge the climate-related data gap?," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Addressing climate change data needs: the central banks' contribution, volume 63, Bank for International Settlements.
    42. Matteo Ficarra & Rebecca Mari, 2025. "Weathering the storm: sectoral economic and inflationary effects of floods and the role of adaptation," Bank of England working papers 1120, Bank of England.
    43. Cyril Couaillier & Valerio Scalone, 2020. "How does Financial Vulnerability amplify Housing and Credit Shocks?," Working papers 763, Banque de France.
    44. Bush, Oliver, 2024. "Fiscal financing regimes and nominal stability: an historical analysis," LSE Research Online Documents on Economics 126211, London School of Economics and Political Science, LSE Library.
    45. Gong Cheng & Javier Diaz-Cassou & Aitor Erce, 2016. "The Macroeconomic Effects of Official Debt Restructuring: Evidence from the Paris Club," Working Papers 21, European Stability Mechanism, revised 24 Apr 2017.
    46. Bellia, Mario & Christensen, Kim & Kolokolov, Aleksey & Pelizzon, Loriana & Renò, Roberto, 2022. "Do designated market makers provide liquidity during a flash crash?," SAFE Working Paper Series 270, Leibniz Institute for Financial Research SAFE, revised 2022.
    47. Hautsch, Nikolaus & Huang, Ruihong, 2009. "The market impact of a limit order," CFS Working Paper Series 2009/23, Center for Financial Studies (CFS).
    48. Alessandro Barattieri & Matteo Cacciatore, 2020. "Self-Harming Trade Policy? Protectionism and Production Networks," NBER Working Papers 27630, National Bureau of Economic Research, Inc.
    49. James Sampi & Guillermo Javier Vuletin & J.T. Araujo, 2024. "Firm Size and Public Investment Multipliers : Micro Evidence from Peru," Policy Research Working Paper Series 10997, The World Bank.
    50. Asger Lau Andersen & Niels Johannesen & Mia Jørgensen & José-Luis Peydró, 2022. "Monetary Policy and Inequality," CEBI working paper series 22-09, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    51. Fieldhouse, Andrew & Mertens, Karel & Ravn, Morten O., 2017. "The macroeconomic effects of Government asset purchases: evidence from postwar US housing credit policy," LSE Research Online Documents on Economics 86167, London School of Economics and Political Science, LSE Library.
    52. Michael Siemer & Adrien Verdelhan & Francois Gourio, 2015. "Uncertainty and International Capital Flows," 2015 Meeting Papers 880, Society for Economic Dynamics.
    53. Alberto Alesina & Omar Barbiero & Carlo Favero & Francesco Giavazzi & Matteo Paradisi, 2017. "The Effects of Fiscal Consolidations: Theory and Evidence," NBER Working Papers 23385, National Bureau of Economic Research, Inc.
    54. Fernando Alvarez & Francesco Lippi & Juan Passadore, 2016. "Are State and Time dependent models really different?," EIEF Working Papers Series 1610, Einaudi Institute for Economics and Finance (EIEF), revised Jun 2016.
    55. Saleem Bahaj & Angus Foulis & Gabor Pinter & Paolo Surico, 2019. "Employment and the collateral channel of monetary policy," Bank of England working papers 827, Bank of England.
    56. Rowena Gray & Greg C. Wright, 2022. "A Rising Tide? The Local Incidence of the Second Wave of Globalization," CESifo Working Paper Series 9725, CESifo.
    57. Raphaël Chiappini & Bertrand Groslambert & Olivier Bruno, 2022. "Liquidity matters when measuring bank output," Working Papers hal-03896568, HAL.
    58. Rebucci, Alessandro & Ferrero, Andrea & Cesa-Bianchi, Ambrogio, 2017. "International Credit Supply Shocks," CEPR Discussion Papers 12501, C.E.P.R. Discussion Papers.
    59. Dario Bonciani & Martino Ricci, 2020. "The global effects of global risk and uncertainty," Bank of England working papers 863, Bank of England.
    60. António Afonso & João Tovar Jalles & Ana Venâncio, 2020. "Government Spending Efficiency, Measurement and Applications: a CrossCountry Efficiency Dataset," EconPol Working Paper 50, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    61. Cascaldi-Garcia, Danilo & Vukoti, Marija & Zubairy, Sarah, 2023. "Innovation During Challenging Times," The Warwick Economics Research Paper Series (TWERPS) 1475, University of Warwick, Department of Economics.
    62. Colmer, Jonathan Mark & Evans, Mary F. & Shimshack, Jay, 2023. "Environmental citizen complaints," LSE Research Online Documents on Economics 121326, London School of Economics and Political Science, LSE Library.
    63. Shapiro, Adam Hale & Sudhof, Moritz & Wilson, Daniel J., 2022. "Measuring news sentiment," Journal of Econometrics, Elsevier, vol. 228(2), pages 221-243.
    64. Romain Bouis & Orsetta Causa & Lilas Demmou & Romain Duval, 2012. "How quickly does structural reform pay off? An empirical analysis of the short-term effects of unemployment benefit reform," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-12, December.
    65. U. Devrim Demirel, 2020. "Labor Market Effects of Tax Changes in Times of High and Low Unemployment: Working Paper 2020-05," Working Papers 56522, Congressional Budget Office.
    66. Clément de Chaisemartin & Xavier D’haultfœuille, 2022. "Two-Way Fixed Effects and Differences-in-Differences with Heterogeneous Treatment Effects: A Survey," Post-Print hal-03873885, HAL.
    67. Aldasoro, Iñaki & Ferrari Minesso, Massimo & Gambacorta, Leonardo & Habib, Maurizio Michael & Cornelli, Giulio, 2024. "Stablecoins, money market funds and monetary policy," Working Paper Series 2987, European Central Bank.
    68. Alfred A. Haug & Christie Smith, 2007. "Local linear impulse responses for a small open economy," Working Papers 0707, University of Otago, Department of Economics, revised Apr 2007.
    69. Cooper Howes, 2021. "Financial Constraints, Sectoral Heterogeneity, and the Cyclicality of Investment," Research Working Paper RWP 21-06, Federal Reserve Bank of Kansas City.
    70. Zheng Liu & Pengfei Wang & Tao Zha, 2019. "A Theory of Housing Demand Shocks," FRB Atlanta Working Paper 2019-4, Federal Reserve Bank of Atlanta.
    71. Ivan T. Ivanov & Tom Zimmermann, 2018. "Claim Dilution in the Municipal Debt Market," Finance and Economics Discussion Series 2018-011, Board of Governors of the Federal Reserve System (U.S.).
    72. Paulo M.M. Rodrigues & Dhruv Akshay Pandit & Miguel de Castro Neto, 2025. "Socio-economic sensitivity to weather extremes: A scoping review of European research," Working Papers w202527, Banco de Portugal, Economics and Research Department.
    73. Davide Furceri & Stéphanie Guichard & Elena Rusticelli, 2011. "The Effect of Episodes of Large Capital Inflows on Domestic Credit," OECD Economics Department Working Papers 864, OECD Publishing.
    74. Michael W. McCracken & Joseph McGillicuddy, 2017. "An Empirical Investigation of Direct and Iterated Multistep Conditional Forecasts," Working Papers 2017-40, Federal Reserve Bank of St. Louis.
    75. Nadav Ben Zeev, 2019. "Asymmetric Business Cycles In Emerging Market Economies," Working Papers 1909, Ben-Gurion University of the Negev, Department of Economics.
    76. Tingguo Zheng & Hongyin Zhang & Shiqi Ye, 2024. "Monetary Policies on Green Financial Markets: Evidence from a Multi-Moment Connectedness Network," Papers 2405.02575, arXiv.org, revised Oct 2024.
    77. Michael Patrick Curran & Matthew J. Fagerstrom & Ryan Zalla, 2022. "Monetary Growth and Financial Sector Wages," Villanova School of Business Department of Economics and Statistics Working Paper Series 55, Villanova School of Business Department of Economics and Statistics.
    78. Jan Kakes & Jan Willem van den End, 2023. "Identifying financial fragmentation: do sovereign spreads in the EMU reflect differences in fundamentals?," Working Papers 778, DNB.
    79. Eunseong Ma, 2023. "Monetary Policy And Inequality: How Does One Affect The Other?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 691-725, May.
    80. Rossi, Barbara & Wang, Yiru, 2019. "Vector autoregressive-based Granger causality test in the presence of instabilities," MPRA Paper 101492, University Library of Munich, Germany.
    81. Mohammad R. Jahan-Parvar & Yuriy Kitsul & Jamil Rahman & Beth Anne Wilson, 2024. "Foreign economic policy uncertainty and U.S. equity returns," International Finance Discussion Papers 1401, Board of Governors of the Federal Reserve System (U.S.).
    82. Falk Bräuning & José Fillat & Gustavo Joaquim, 2023. "Firms’ Cash Holdings and Monetary Policy Transmission," Current Policy Perspectives 97115, Federal Reserve Bank of Boston.
    83. Philippe Andrade & Filippo Ferroni, 2018. "Delphic and Odyssean Monetary Policy Shocks: Evidence from the Euro Area," Working Paper Series WP-2018-12, Federal Reserve Bank of Chicago.
    84. Goemans, Pascal, 2020. "Government Spending in Uncertain and Slack Times: Historical Evidence for Larger Fiscal Multipliers," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224642, Verein für Socialpolitik / German Economic Association.
    85. Stephen Kho, 2023. "Deposit market concentration and monetary transmission: evidence from the euro area," Working Papers 790, DNB.
    86. Pablo Aguilar Perez, 2024. "Global Spillovers of US Monetary Policy: New Insights from the Remittance Channel," EconomiX Working Papers 2024-27, University of Paris Nanterre, EconomiX.
    87. Yuriy Gorodnichenko & Tho Pham & Oleksandr Talavera, 2023. "The Voice of Monetary Policy," American Economic Review, American Economic Association, vol. 113(2), pages 548-584, February.
    88. Luca Metelli & Filippo Natoli, 2019. "The international transmission of US tax shocks: a proxy-SVAR approach," Temi di discussione (Economic working papers) 1223, Bank of Italy, Economic Research and International Relations Area.
    89. Hale, Galina & Leer, John & Nechio, Fernanda, 2025. "Fiscal policy design and inflation: The COVID-19 pandemic experience," Santa Cruz Department of Economics, Working Paper Series qt9cc4c34z, Department of Economics, UC Santa Cruz.
    90. Aikman, David & Bush, Oliver & Taylor, Alan M., 2016. "Monetary versus macroprudential policies:causal impacts of interest rates andcredit controls in the era of the UKradcliffe report," Economic History Working Papers 67035, London School of Economics and Political Science, Department of Economic History.
    91. Kuvshinov, Dmitry & Richter, Björn & Zimmermann, Kaspar, 2022. "The shifts and the shocks: bank risk, leverage, and the macroeconomy," Working Paper Series 2672, European Central Bank.
    92. Torben M. Andersen & Jonas Maibom & Michael Svarer & Allan Sørensen, 2013. "Do Business Cycles Have Long-Term Impact for Particular Cohorts?," Economics Working Papers 2013-26, Department of Economics and Business Economics, Aarhus University.
    93. Philipp Heimberger, 2020. "The dynamic effects of fiscal consolidation episodes on income inequality: evidence for 17 OECD countries over 1978–2013," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(1), pages 53-81, February.
    94. Syed Abul Basher & Alfred Haug & Perry Sadorsky, 2010. "Oil Prices, Exchange Rates and Emerging Stock Markets," Working Papers 1014, University of Otago, Department of Economics, revised Sep 2010.
    95. Hartwig, Benny & Lieberknecht, Philipp, 2020. "Monetary policy, firm exit and productivity," Discussion Papers 61/2020, Deutsche Bundesbank.
    96. Javier J. Perez & Ana Lamo & Enrique Moral-Benito, 2015. "Does Slack Influence Public and Private Labor Market," EcoMod2015 8792, EcoMod.
    97. Georgios Georgiadis, 2015. "To bi, or not to bi? differences in spillover estimates from bilateral and multilateral multi-country models," Globalization Institute Working Papers 256, Federal Reserve Bank of Dallas.
    98. Sylvain Leduc & Daniel Wilson, 2012. "Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment," NBER Working Papers 18042, National Bureau of Economic Research, Inc.
    99. Tatjana Dahlhaus & Angelika Welte, 2021. "Payment Habits During COVID-19: Evidence from High-Frequency Transaction Data," Staff Working Papers 21-43, Bank of Canada.
    100. Kerstin Bernoth, 2025. "Dovish Coos or Hawkish Screech? From Central Bank Talk to Economic Walk," Discussion Papers of DIW Berlin 2137, DIW Berlin, German Institute for Economic Research.
    101. Barnichon, Regis & Mesters, Geert, 2019. "The Phillips Multiplier," CEPR Discussion Papers 13480, C.E.P.R. Discussion Papers.
    102. Jonathan Colmer & Eleanor Krause & Eva Lyubich & John Voorheis, 2024. "Transitional Costs and the Decline of Coal: Worker-Level Evidence," Working Papers 24-53, Center for Economic Studies, U.S. Census Bureau.
    103. Uluc Aysun, 2006. "Testing for Balance Sheet Effects in Emerging Market Countries," Working papers 2006-28, University of Connecticut, Department of Economics.
    104. Tafuro, Andrea, 2023. "Labour market rigidity and expansionary austerity," Journal of Macroeconomics, Elsevier, vol. 75(C).
    105. Eser, Fabian & Karadi, Peter & Lane, Philip R. & Moretti, Laura & Osbat, Chiara, 2020. "The Phillips Curve at the ECB," Working Paper Series 2400, European Central Bank.
    106. John Aguirre & Alan Ledesma & Fernando Perez & Youel Rojas, 2025. "Economic activity, inflation, and monetary policy after extreme weather events: ENSO and its economic impact on the Peruvian economy," BIS Working Papers 1276, Bank for International Settlements.
    107. Bailey, N. & Ditzen, J. & Holly, S., 2025. "My neighbour's neighbour is not my neighbour: Instrumentation and causality in spatial models," Cambridge Working Papers in Economics 2501, Faculty of Economics, University of Cambridge.
    108. Lake, A., 2020. "Behavioural Finance at Home: Testing Deviations of House Prices from their Fundamental Values," Cambridge Working Papers in Economics 20104, Faculty of Economics, University of Cambridge.
    109. Barnichon, Regis & Matthes, Christian & Ziegenbein, Alexander, 2016. "Assessing the Non-Linear Effects of Credit Market Shocks," CEPR Discussion Papers 11410, C.E.P.R. Discussion Papers.
    110. Kagerer, B., 2024. "Geopolitics and corporate risk: Evidence from EU-Russia conflict shocks," Cambridge Working Papers in Economics 2471, Faculty of Economics, University of Cambridge.
    111. Francesco Furlanetto & Kåre Hagelund & Frank Hansen & Ørjan Robstad, 2020. "Norges Bank Output Gap Estimates: Forecasting Properties, Reliability and Cyclical Sensitivity," Working Paper 2020/7, Norges Bank.
    112. Asriyan, Vladimir & Laeven, Luc & Martin, Alberto & Van der Ghote, Alejandro & Vanasco, Victoria, 2025. "Falling interest rates and credit reallocation: lessons from general equilibrium," Working Paper Series 3070, European Central Bank.
    113. Eickmeier, Sandra & Metiu, Norbert & Prieto, Esteban, 2016. "Time-varying Volatility, Financial Intermediation and Monetary Policy," IWH Discussion Papers 19/2016, Halle Institute for Economic Research (IWH).
    114. Claus, Edda & Nguyen, Viet Hoang, 2023. "Biased expectations," European Economic Review, Elsevier, vol. 154(C).
    115. Nick Butt & Rohan Churm & Michael McMahon & Arpad Morotz & Jochen Schanz, 2015. "QE and the Bank Lending Channel in the United Kingdom," Discussion Papers 1523, Centre for Macroeconomics (CFM).
    116. Shigeto Kitano & Yang Zhou, 2021. "Effects of China's Capital Controls on Individual Asset Categories," Discussion Paper Series DP2021-25, Research Institute for Economics & Business Administration, Kobe University, revised May 2022.
    117. Gilles Dufrénot & William Ginn & Marc Pourroy, 2021. "The Effect of ENSO Shocks on Commodity Prices: A Multi-Time Scale Approach," AMSE Working Papers 2130, Aix-Marseille School of Economics, France.
    118. Akcay, Mustafa & Elyasiani, Elyas, 2021. "The link between the federal funds rate and banking system distress: An empirical investigation," Journal of Macroeconomics, Elsevier, vol. 67(C).
    119. António Afonso & João Tovar Jalles, 2015. "The Price Relevance of Fiscal Developments," Working Papers Department of Economics 2015/16, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    120. Atanas Pekanov, 2018. "The New View on Fiscal Policy and its Implications for the European Monetary Union," WIFO Working Papers 562, WIFO.
    121. Segal, Gill & Shaliastovich, Ivan, 2023. "Uncertainty, risk, and capital growth," SAFE Working Paper Series 388, Leibniz Institute for Financial Research SAFE.
    122. Borio, Claudio & Drehmann, Mathias & Tsatsaronis, Kostas, 2014. "Stress-testing macro stress testing: Does it live up to expectations?," Journal of Financial Stability, Elsevier, vol. 12(C), pages 3-15.
    123. Ilzetzki, Ethan & Jin, Keyu, 2021. "The puzzling change in the international transmission of U.S. macroeconomic policy shocks," Journal of International Economics, Elsevier, vol. 130(C).
    124. Jesus Fernandez-Villaverde & Yiliang Li & Le Xu & Francesco Zanetti, 2025. "Charting the Uncharted: The (Un)Intended Consequences of Oil Sanctions and Dark Shipping," PIER Working Paper Archive 25-005, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    125. Albanese, Marina & Caporale, Guglielmo Maria & Colella, Ida & Spagnolo, Nicola, 2025. "The effects of physical and transition climate risk on stock markets: Some multi-Country evidence," International Economics, Elsevier, vol. 181(C).
    126. Paul Hubert & Fabien Labondance, 2016. "Central Bank Sentiment and Policy Expectations," Sciences Po Economics Publications (main) hal-03459227, HAL.
    127. Jonas E. Arias & Jesús Fernández-Villaverde & Juan F. Rubio-Ramirez & Minchul Shin, 2021. "Bayesian Estimation of Epidemiological Models: Methods, Causality, and Policy Trade-Offs," Working Papers 21-18, Federal Reserve Bank of Philadelphia.
    128. Pascal Goemans, 2022. "Historical evidence for larger government spending multipliers in uncertain times than in slumps," Economic Inquiry, Western Economic Association International, vol. 60(3), pages 1164-1185, July.
    129. Carabarín Aguirre Mauricio & Peláez Gómez Carlos D., 2021. "Financial Frictions in Mexico: Evidence from the Credit Spread and its Components," Working Papers 2021-20, Banco de México.
    130. Cebiroglu, Gökhan & Hautsch, Nikolaus & Horst, Ulrich, 2014. "Order exposure and liquidity coordination: Does hidden liquidity harm price efficiency?," CFS Working Paper Series 468, Center for Financial Studies (CFS).
    131. Artta, Katja & Nessén, Marianne & Vredin, Anders & Savoia, Ettore, 2025. "Financial Flows and Exchange Rate Dynamics: Evidence from Sweden," Working Paper Series 456, Sveriges Riksbank (Central Bank of Sweden).
    132. Chunya Bu & John Rogers & Wenbin Wu, 2019. "A Unified Measure of Fed Monetary Policy Shocks," Finance and Economics Discussion Series 2019-043, Board of Governors of the Federal Reserve System (U.S.).
    133. Carola Conces Binder, 2021. "Political Pressure on Central Banks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(4), pages 715-744, June.
    134. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2015. "Procyclical and countercyclical fiscal multipliers: Evidence from OECD countries," Journal of International Money and Finance, Elsevier, vol. 52(C), pages 15-31.
    135. Sharon Kozicki & P. A. Tinsley, 2006. "Survey-Based Estimates of the Term Structure of Expected U.S. Inflation," Staff Working Papers 06-46, Bank of Canada.
    136. Eric Cuijpers, 2025. "The regulatory precondition to sovereign risk transmission," Working Papers 834, DNB.
    137. Grancini, Stefano, 2025. "Public debt, iMPCs & fiscal policy transmission," Working Paper Series 3106, European Central Bank.
    138. Andrea Boitani & Salvatore Perdichizzi & Chiara Punzo, 2020. "Nonlinearities and expenditure multipliers in the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza def089, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    139. Winkler, Roland C. & Linnemann, Ludger, 2015. "Estimating nonlinear effects of fiscal policy using quantile regression methods," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113164, Verein für Socialpolitik / German Economic Association.
    140. Todd Messer & Michael Siemer & Francois Gourio, 2016. "A Missing Generation of Firms? Aggregate Effects of the Decline in New Business Formation," 2016 Meeting Papers 752, Society for Economic Dynamics.
    141. Genia-Iulia ȚABĂRĂ, 2025. "Exploring the relationship between the Put Call Ratio and Market Indices: a comparative analysis of S&P 500 and BET," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(642), S), pages 187-210, Spring.
    142. Denis Gorea & Oleksiy Kryvtsov & Marianna Kudlyak, 2022. "House Price Responses to Monetary Policy Surprises: Evidence from the U.S. Listings Data," Staff Working Papers 22-39, Bank of Canada.
    143. Aumond, Romain & Di Tommaso, Valerio & Rünstler, Gerhard, 2022. "A narrative database of labour market reforms in euro area economies," Working Paper Series 2657, European Central Bank.
    144. Taylor, Alan M. & Cloyne, James & Jordà , Òscar, 2020. "Decomposing the Fiscal Multiplier," CEPR Discussion Papers 14544, C.E.P.R. Discussion Papers.
    145. Omotosho, Babatunde S. & Yang, Bo, 2024. "Oil price shocks and macroeconomic dynamics in resource-rich emerging economies under regime shifts," Journal of International Money and Finance, Elsevier, vol. 144(C).
    146. Papaioannou, Sotiris K., 2019. "The effects of fiscal policy on output: Does the business cycle matter?," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 27-36.
    147. Danilo Cascaldi-Garcia & Marija Vukotić, 2020. "Patent-Based News Shocks," International Finance Discussion Papers 1277, Board of Governors of the Federal Reserve System (U.S.).
    148. Gaetano Basso & Salvatore Lo Bello & Francesca Subioli, 2023. "Labor market dynamics and geographical reallocations," Temi di discussione (Economic working papers) 1430, Bank of Italy, Economic Research and International Relations Area.
    149. Francesco Casalena, 2024. "Back to normal? Assessing the Effects of the Federal Reserve's Quantitative Tightening," IHEID Working Papers 14-2024, Economics Section, The Graduate Institute of International Studies.
    150. Yu, Qionglei & McManus, Richard & Yen, Dorothy A. & Li, Xiang (Robert), 2020. "Tourism boycotts and animosity: A study of seven events," Annals of Tourism Research, Elsevier, vol. 80(C).
    151. Pamela Cardozo & Fredy Gamboa & David Perez-Reyna & Mauricio Villamizar-Villegas, 2016. "Banking Limits on Foreign Holdings: Disentangling the Portfolio Balance Channel," Borradores de Economia 934, Banco de la Republica de Colombia.
    152. Angelos Athanasopoulos & Donato Masciandaro & Davide Romelli, 2025. "Long run inflation: persistence and central bank independence," BAFFI CAREFIN Working Papers 25237, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    153. Menkhoff, Lukas & Schmeling, Maik, 2010. "Trader see, trader do: How do (small) FX traders react to large counterparties' trades?," Journal of International Money and Finance, Elsevier, vol. 29(7), pages 1283-1302, November.
    154. El-Shagi, Makram, 2016. "Much ado about nothing: Sovereign ratings and government bond yields in the OECD," IWH Discussion Papers 22/2016, Halle Institute for Economic Research (IWH).
    155. Atsushi Sekine & Takayuki Tsuruga, 2014. "Effects of Commodity Price Shocks on Inflation: A Cross Country Analysis," Discussion papers e-13-006, Graduate School of Economics Project Center, Kyoto University.
    156. Wataru Miyamoto & Thuy Lan Nguyen & Dmitriy Sergeyev, 2017. "Government Spending Multipliers Under the Zero Lower Bound: Evidence from Japan," Staff Working Papers 17-40, Bank of Canada.
    157. Ryan R. Brady, 2007. "Consumer Credit, Liquidity and the Transmission Mechanism of Monetary Policy," Departmental Working Papers 20, United States Naval Academy Department of Economics.
    158. Sokbae Lee & Yuan Liao & Myung Hwan Seo & Youngki Shin, 2020. "Desperate Times Call For Desperate Measures: Government Spending Multipliers In Hard Times," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1949-1957, October.
    159. Xiangming Fang & David Jutrsa & Maria Soledad Martinez Peria & Mr. Andrea F Presbitero & Mr. Lev Ratnovski & Mr. Felix J Vardy, 2018. "The Effects of Higher Bank Capital Requirements on Credit in Peru," IMF Working Papers 2018/222, International Monetary Fund.
    160. Pablo Garcia, 2021. "Learning, expectations and monetary policy," BCL working papers 153, Central Bank of Luxembourg.
    161. Giovanni Ballarin & Petros Dellaportas & Lyudmila Grigoryeva & Marcel Hirt & Sophie van Huellen & Juan-Pablo Ortega, 2022. "Reservoir Computing for Macroeconomic Forecasting with Mixed Frequency Data," Papers 2211.00363, arXiv.org, revised Jan 2024.
    162. Mark J. Holmes & Jesús Otero & Theodore Panagiotidis, 2011. "PPP in OECD Countries: An Analysis of Real Exchange Rate Stationarity, cross-Sectional Dependency and Structural Breaks," Working Paper series 51_11, Rimini Centre for Economic Analysis.
    163. Okan Akarsu & Emrehan Aktuğ & Huzeyfe Torun, 2025. "Inflation Expectations and Firms' Decisions in High Inflation: Evidence from a Randomized Control Trial," CESifo Working Paper Series 12210, CESifo.
    164. Funke, Manuel & Schularick, Moritz & Trebesch, Christoph, 2022. "Populist Leaders and the Economy," CEPR Discussion Papers 15405, C.E.P.R. Discussion Papers.
    165. Jeong, Deokjae, 2022. "How the reduction of Temporary Foreign Workers led to a rise in vacancy rates in the South Korea," MPRA Paper 118731, University Library of Munich, Germany.
    166. Oliver Hülsewig & Horst Rottmann, 2021. "Euro Area House Prices and Unconventional Monetary Policy Surprises," CESifo Working Paper Series 9045, CESifo.
    167. Guerino Ardizzi & Simone Emiliozzi & Juri Marcucci & Libero Monteforte, 2019. "News and consumer card payments," Temi di discussione (Economic working papers) 1233, Bank of Italy, Economic Research and International Relations Area.
    168. Magdalena Grothe, 2023. "Monetary Policy Spillovers to Polish Financial Markets," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 1-10.
    169. Choi, Sangyup & Furceri, Davide & Loungani, Prakash & Mishra, Saurabh & Poplawski-Ribeiro, Marcos, 2018. "Oil prices and inflation dynamics: Evidence from advanced and developing economies," Journal of International Money and Finance, Elsevier, vol. 82(C), pages 71-96.
    170. Morita, Hiroshi & 森田, 裕史, 2019. "Forecasting Public Investment Using Daily Stock Returns," Discussion paper series HIAS-E-88, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    171. Mr. Alejandro Izquierdo & Mr. Ruy Lama & Juan Pablo Medina & Jorge Puig & Daniel Riera-Crichton & Mr. Carlos A. Végh Gramont & Guillermo Javier Vuletin, 2019. "Is the Public Investment Multiplier Higher in Developing Countries? An Empirical Exploration," IMF Working Papers 2019/289, International Monetary Fund.
    172. Rosen Valchev, 2015. "Exchange Rates and UIP Violations at Short and Long Horizons," 2015 Meeting Papers 1446, Society for Economic Dynamics.
    173. Georgantas, Georgios & Kasselaki, Maria & Tagkalakis, Athanasios, 2023. "Τhe effects of fiscal consolidation in OECD countries," Economic Modelling, Elsevier, vol. 118(C).
    174. Jorge Arenas & Stephany Griffith-Jones, 2023. "Effectiveness of Foreign Exchange Interventions: Evidence and Lessons from Chile," Working Papers Central Bank of Chile 983, Central Bank of Chile.
    175. Koijen, Ralph & Gabaix, Xavier, 2020. "Granular Instrumental Variables," CEPR Discussion Papers 15531, C.E.P.R. Discussion Papers.
    176. Diniz, André, 2016. "Effects of fiscal consolidations in Latin America," Textos para discussão 423, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    177. Hany Abdel‐Latif & Mahmoud El‐Gamal, 2022. "White elephants on quicksand: Low oil prices and high geopolitical risk," Scottish Journal of Political Economy, Scottish Economic Society, vol. 69(1), pages 60-107, February.
    178. Jorge Miranda-Pinto & Daniel Murphy & Kieran James Walsh & Eric R. Young, 2021. "Saving Constraints, Inequality, and the Credit Market Response to Fiscal Stimulus," Working Papers Central Bank of Chile 927, Central Bank of Chile.
    179. Georgios Georgiadis & Martina Jancokova, 2017. "Financial Globalisation, Monetary Policy Spillovers and Macro-modelling: Tales from 1001 Shocks," Globalization Institute Working Papers 314, Federal Reserve Bank of Dallas.
    180. Nikolay Hristov & Oliver Hülsewig & Benedikt Kolb, 2024. "Macroprudential Capital Regulation and Fiscal Balances in the Euro Area," CESifo Working Paper Series 10968, CESifo.
    181. Eunkyung Lee, 2023. "The Transmission of Monetary Policy to Corporate Investment: The Role of Loan Renegotiation," Economics Discussion Paper Series 2310, Economics, The University of Manchester.
    182. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Bernhard Schütz, 2018. "Structual change in times of increasing openness," FMM Working Paper 39-2018, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    183. Lodge, David & Manu, Ana-Simona, 2022. "EME financial conditions: Which global shocks matter?," Journal of International Money and Finance, Elsevier, vol. 120(C).
    184. Martin Geiger & Jochen Güntner, 2022. "The Chronology of Brexit and UK Monetary Policy," Economics working papers 2022-06, Department of Economics, Johannes Kepler University Linz, Austria.
    185. Frederic Boissay & Fabrice Collard & Cristina Manea & Adam Hale Shapiro, 2024. "Monetary Tightening and Financial Stress during Supply- versus Demand-Driven Inflation," Working Paper Series 2023-38, Federal Reserve Bank of San Francisco.
    186. Shirota, Toyoichiro, 2019. "Shock matters for estimating monetary policy rules," Economics Letters, Elsevier, vol. 181(C), pages 54-56.
    187. Lee, Seohyun, 2017. "Three essays on uncertainty: real and financial effects of uncertainty shocks," MPRA Paper 83617, University Library of Munich, Germany.
    188. Marcellino, Massimiliano & Jordà , Òscar, 2008. "Path Forecast Evaluation," CEPR Discussion Papers 7009, C.E.P.R. Discussion Papers.
    189. Sihvonen, Markus, 2021. "Yield curve momentum," Bank of Finland Research Discussion Papers 15/2021, Bank of Finland.
    190. Ryan Niladri Banerjee & Michael B Devereux & Giovanni Lombardo, 2016. "Self-oriented monetary policy, global financial markets and excess volatility of international capital flows," BIS Working Papers 540, Bank for International Settlements.
    191. Falck, Elisabeth & Hoffmann, Mathias & Hürtgen, Patrick, 2017. "Disagreement and monetary policy," Discussion Papers 29/2017, Deutsche Bundesbank.
    192. Carter, Patrick, 2017. "Aid econometrics: Lessons from a stochastic growth model," Journal of International Money and Finance, Elsevier, vol. 77(C), pages 216-232.
    193. Juan M. Morelli & Pablo Ottonello & Diego J. Perez, 2022. "Global Banks and Systemic Debt Crises," Econometrica, Econometric Society, vol. 90(2), pages 749-798, March.
    194. Mitra, Aruni, 2021. "The Productivity Puzzle and the Decline of Unions," MPRA Paper 110102, University Library of Munich, Germany.
    195. Furceri, Davide & Zdzienicka, Aleksandra, 2012. "How costly are debt crises?," Journal of International Money and Finance, Elsevier, vol. 31(4), pages 726-742.
    196. Yifei Cai & Jamel Saadaoui & Yanrui Wu, 2022. "The Political Relation and Trade - The Case of US, China and Australia," Working Papers of BETA 2022-22, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    197. Julian di Giovanni & Manuel García-Santana & Priit Jeenas & Enrique Moral-Benito & Josep Pijoan-Mas, 2022. "Government Procurement and Access to Credit: Firm Dynamics and Aggregate Implications," Working Papers wp2022_2203, CEMFI.
    198. Luiza Antoun de Almeida & Vybhavi Balasundharam, 2018. "On the Impact of Structural Reforms on Output and Employment: Evidence from a Cross-country Firm-level Analysis," IMF Working Papers 2018/073, International Monetary Fund.
    199. Kimberly A. Berg & Nam T. Vu, 2021. "Asymmetric effects of sectoral shifts under low and high uncertainty," Economic Inquiry, Western Economic Association International, vol. 59(3), pages 1149-1171, July.
    200. Hippolyte d'Albis & Ekrame Boubtane & Dramane Coulibaly, 2022. "Global Uncertainty and International Migration to Western Europe," PSE Working Papers halshs-03770391, HAL.
    201. Jannsen, Nils & Potjagailo, Galina, 2016. "Die Wirkung von Unsicherheit in den Abnehmerländern auf die deutschen Ausfuhren," Kiel Insight 2016.9, Kiel Institute for the World Economy.
    202. Almut Balleer & Marvin Noeller, 2023. "Monetary Policy in the Presence of Supply Constraints: Evidence from German Firm-Level Data," CESifo Working Paper Series 10261, CESifo.
    203. Paul Hubert & Fabien Labondance, 2016. "The effect of ECB forward guidance on policy expectations," Working Papers hal-03459188, HAL.
    204. Albina Latifi & Viktoriia Naboka-Krell & Peter Tillmann & Peter Winker, 2023. "Fiscal Policy in the Bundestag: Textual Analysis and Macroeconomic Effects," MAGKS Papers on Economics 202307, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    205. Vincenzo Cuciniello, 2024. "Market perceptions, monetary policy, and credibility," Temi di discussione (Economic working papers) 1449, Bank of Italy, Economic Research and International Relations Area.
    206. Mehdi El Herradi & Aurélien Leroy, 2021. "Monetary Policy and the Top 1%: Evidence from a Century of Modern Economic History," International Journal of Central Banking, International Journal of Central Banking, vol. 17(71), pages 1-41, December.
    207. Òscar Jordà & Alan M. Taylor, 2024. "Local Projections," Working Paper Series 2024-24, Federal Reserve Bank of San Francisco.
    208. Fisera,Boris & Martin Melecky & Dorothe Singer, 2024. "Financial Deepening and Carbon Emissions Intensity : Evidence from a Global Sample of Countries," Policy Research Working Paper Series 10948, The World Bank.
    209. Dario Bonciani & David Gauthier & Derrick Kanngiesser, 2023. "Online Appendix to "Slow Recoveries, Endogenous Growth and Macro-prudential Policy"," Online Appendices 21-145, Review of Economic Dynamics.
    210. Robert Adamek & Stephan Smeekes & Ines Wilms, 2022. "Local Projection Inference in High Dimensions," Papers 2209.03218, arXiv.org, revised Apr 2024.
    211. Joseph Kopecky, 2021. "The Age for Austerity? Population Age Structure and Fiscal Multipliers," Trinity Economics Papers tep1621, Trinity College Dublin, Department of Economics.
    212. Gadea, Maria & Mayoral, Laura, 2005. "The Persistence of Inflation in OECD Countries: A Fractionally Integrated Approach," MPRA Paper 815, University Library of Munich, Germany.
    213. Ohad Raveh, 2020. "Monetary Policy, Natural Resources, and Federal Redistribution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 585-613, March.
    214. Bernal-Verdugo, Lorenzo E. & Furceri, Davide & Guillaume, Dominique, 2013. "Banking crises, labor reforms, and unemployment," Journal of Comparative Economics, Elsevier, vol. 41(4), pages 1202-1219.
    215. Raveh, Ohad & Perez-Sebastian, Fidel & van der Ploeg, Frederick, 2024. "Are Technology Improvements Contractionary? The Role of Natural Resources," MPRA Paper 120355, University Library of Munich, Germany.
    216. Wilmar Cabrera & Santiago Gamba & Camilo Gómez & Mauricio Villamizar-Villegas, 2022. "Examining Macroprudential Policy through a Microprudential Lens," Borradores de Economia 1212, Banco de la Republica de Colombia.
    217. World Bank, 2022. "China Economic Update - June 2022," World Bank Publications - Reports 37530, The World Bank Group.
    218. Barattieri, Alessandro & Borda, Patrice & Brugnoli, Alberto & Pelli, Martino & Tschopp, Jeanne, 2023. "The short-run, dynamic employment effects of natural disasters: New insights from Puerto Rico," Ecological Economics, Elsevier, vol. 205(C).
    219. Nakajima, Jouchi, 2022. "Macroeconomic uncertainty matters: A nonlinear effect of financial volatility on real economic activity," Discussion paper series HIAS-E-121, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
    220. Ms. Enrica Detragiache & Mr. Christian H Ebeke & La-Bhus Fah Jirasavetakul & Koralai Kirabaeva & Mr. Davide Malacrino & Florian Misch & Mr. Hyun Park & Ms. Yu Shi, 2020. "A European Minimum Wage: Implications for Poverty and Macroeconomic Imbalances," IMF Working Papers 2020/059, International Monetary Fund.
    221. Hülsewig, Oliver & Rottmann, Horst, 2021. "Euro area periphery countries' fiscal policy and monetary policy surprises," Weidener Diskussionspapiere 81, University of Applied Sciences Amberg-Weiden (OTH).
    222. Massimo Ferrari & Frederik Kurcz & Maria Sole Pagliari, 2021. "Do Words Hurt More Than Actions? The Impact of Trade Tensions on Financial Markets," Working papers 802, Banque de France.
    223. Christis Katsouris, 2023. "Structural Analysis of Vector Autoregressive Models," Papers 2312.06402, arXiv.org, revised Feb 2024.
    224. Ahlander, Edvin & Carlsson, Mikael & Klein, Mathias, 2023. "Price Pass-Through Along the Supply Chain:Evidence from PPI and CPI Microdata," Working Paper Series 426, Sveriges Riksbank (Central Bank of Sweden).
    225. Johan Brannlund & Geoffrey R. Dunbar & Reinhard Ellwanger, 2022. "Are Temporary Oil Supply Shocks Real?," Staff Working Papers 22-52, Bank of Canada.
    226. Anna Kalbhenn & Livio Stracca, 2020. "Mad about Austerity? The Effect of Fiscal Consolidation on Public Opinion," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(2-3), pages 531-548, March.
    227. Michael Ryan, 2020. "An Anchor in Stormy Seas: Does Reforming Economic Institutions Reduce Uncertainty? Evidence from New Zealand," Working Papers in Economics 20/11, University of Waikato.
    228. Cepni, Oguzhan & Gupta, Rangan & Karahan, Cenk C. & Lucey, Brian, 2022. "Oil price shocks and yield curve dynamics in emerging markets," International Review of Economics & Finance, Elsevier, vol. 80(C), pages 613-623.
    229. Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2025. "One Size Does Not Fit All: Unveiling Asymmetric Transmission of Monetary Policy in the Euro Area," Working papers 2025rwp-256, Yonsei University, Yonsei Economics Research Institute.
    230. Marco Bernardini & Selien De Schryder & Gert Peersman, 2017. "Heterogeneous Government Spending Multipliers In The Era Surrounding The Great Recession," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/941, Ghent University, Faculty of Economics and Business Administration.
    231. Yogeshwar Bharat & Rajeswari Sengupta & Gautham Udupa, 2025. "Is core inflation useful in predicting headline inflation? Evidence from a large, emerging economy," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2025-021, Indira Gandhi Institute of Development Research, Mumbai, India.
    232. James Cloyne & Clodomiro Ferreira & Maren Froemel & Paolo Surico, 2019. "Monetary policy, corporate finance and investment," Working Papers 1911, Banco de España.
    233. Voinescu Ioan-Vlad, 2018. "Fiscal multipliers in Romania," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 10(1), pages 026-046, June.
    234. Ding Dong & Zheng Liu & Pengfei Wang & Min Wei, 2024. "Inflation Disagreement Weakens the Power of Monetary Policy," Finance and Economics Discussion Series 2024-094, Board of Governors of the Federal Reserve System (U.S.).
    235. Ece Fisgin & Joaquin Garcia-Cabo & Alex Haag & Mitch Lott, 2025. "Expanding the Labor Market Lens: Two New Eurozone Labor Indicators," International Finance Discussion Papers 1415, Board of Governors of the Federal Reserve System (U.S.).
    236. Farzad Saidi & Ulf Nielsson & Jesper Rangvid & Fabian Seyrich & Daniel Streitz, 2025. "Hybrid Contracting in Repeated Interactions," CRC TR 224 Discussion Paper Series crctr224_2025_699, University of Bonn and University of Mannheim, Germany.
    237. Albi Tola & Sébastien Waelti, 2018. "Financial Crises, Output Losses, And The Role Of Structural Reforms," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 761-798, April.
    238. Natsuki Arai & Masashige Hamano & Munechika Katayama & Yuki Murakami & Katsunori Yamada, 2023. "Nightless City: Impacts of Policymakers' Questions on Overtime Work of Government Officials," ISER Discussion Paper 1206, Institute of Social and Economic Research, The University of Osaka.
    239. Anis Foresto & Monique Reid & Jeffrey Rakgalakane, 2025. "State dependence of the Phillips curve what does this mean for monetary policy," Working Papers 11080, South African Reserve Bank.
    240. Bochmann, Paul & Dieckelmann, Daniel & Fahr, Stephan & Ruzicka, Josef, 2023. "Financial stability considerations in the conduct of monetary policy," Working Paper Series 2870, European Central Bank.
    241. Moritz Schularick & Alan Taylor & Oscar Jorda, 2013. "When Credit Bites Back," 2013 Meeting Papers 71, Society for Economic Dynamics.
    242. Khalil, Makram & Rouillard, Pierre & Strobel, Felix, 2025. "Import tariff transmission in a production network," MPRA Paper 125698, University Library of Munich, Germany.
    243. Ioannou, Demosthenes & Stracca, Livio & Pagliari, Maria Sole, 2020. "The international dimension of an incomplete EMU," Working Paper Series 2459, European Central Bank.
    244. Luca Metelli & Filippo Natoli & Luca Rossi, 2020. "Monetary policy gradualism and the nonlinear effects of monetary shocks," Temi di discussione (Economic working papers) 1275, Bank of Italy, Economic Research and International Relations Area.
    245. Ambrogio Cesa-Bianchi & Michael Kumhof & Andrej Sokol & Gregory Thwaites, 2019. "Towards a new monetary theory of exchange rate determination," Bank of England working papers 817, Bank of England.
    246. Kilian, Lutz & Kim, Yun Jung, 2009. "Do Local Projections Solve the Bias Problem in Impulse Response Inference?," CEPR Discussion Papers 7266, C.E.P.R. Discussion Papers.
    247. Aizenman, Joshua & Ho, Sy-Hoa & Huynh, Luu Duc Toan & Saadaoui, Jamel & Uddin, Gazi Salah, 2024. "Real exchange rate and international reserves in the era of financial integration," Journal of International Money and Finance, Elsevier, vol. 141(C).
    248. Siming Liu, 2018. "Spending Multiplier during Sudden Stop Crises," 2018 Meeting Papers 226, Society for Economic Dynamics.
    249. Francesco Ferlaino, 2025. "Effects of different financial frictions on households," Working Papers in Public Economics 263, Department of Economics and Law, Sapienza University of Rome.
    250. Laurent Ferrara & Pierre Guérin, 2015. "What Are The Macroeconomic Effects of High-Frequency Uncertainty Shocks?," Working Papers hal-04141416, HAL.
    251. Eickmeier, Sandra & Kolb, Benedikt & Prieto, Esteban, 2018. "Effects of bank capital requirement tightenings on inequality," Discussion Papers 54/2018, Deutsche Bundesbank.
    252. Anthony M. Diercks & Alex Hsu & Andrea Tamoni, 2020. "When it Rains it Pours: Cascading Uncertainty Shocks," Finance and Economics Discussion Series 2020-064, Board of Governors of the Federal Reserve System (U.S.).
    253. Nadav Ben Zeev, 2019. "Identification of Sign-Dependency of Impulse Responses," Working Papers 1907, Ben-Gurion University of the Negev, Department of Economics.
    254. Haroon Mumtaz & Angeliki Theophilopoulou, "undated". "The distributional effects of climate change. An empirical analysis," Working Papers 966, Queen Mary University of London, School of Economics and Finance.
    255. Davide Furceri & Aleksandra Zdzienicka-Durand, 2010. "The Consequences of Banking Crises for Public Debt," Post-Print halshs-00497925, HAL.
    256. Drehmann, Mathias & Juselius, Mikael & Korinek, Anton, 2017. "Accounting for debt service: The painful legacy of credit booms," Bank of Finland Research Discussion Papers 12/2017, Bank of Finland.
    257. Saka, Orkun & Campos, Nauro & De Grauwe, Paul & Ji, Yuemei & Martelli, Angelo, 2019. "Financial crises and liberalization progress or reversals?," LSE Research Online Documents on Economics 118931, London School of Economics and Political Science, LSE Library.
    258. De Santis, Roberto A. & Tornese, Tommaso, 2024. "US monetary policy is more powerful in low economic growth regimes," Working Paper Series 2919, European Central Bank.
    259. Atsushi Inoue & Òscar Jordà & Guido M. Kuersteiner, 2024. "Inference for Local Projections," Working Paper Series 2024-29, Federal Reserve Bank of San Francisco.
    260. Michal Skara & Ladislava Issever Grochova, 2025. "Do inequality and fiscal redistribution matter when credit bites back?," MENDELU Working Papers in Business and Economics 2025-108, Mendel University in Brno, Faculty of Business and Economics.
    261. Iryna Kaminska & Haroon Mumtaz & Roman Sustek, 2020. "Monetary policy surprises and their transmission through term premia and expected interest rates," Discussion Papers 2024, Centre for Macroeconomics (CFM).
    262. Stephanie Lackner, 2018. "Earthquakes and Economic Growth," FIW Working Paper series 190, FIW.
    263. Martin Geiger & Marios Zachariadis, 2019. "Assessing Expectations as a Monetary/Fiscal State-Dependent Phenomenon," University of Cyprus Working Papers in Economics 01-2019, University of Cyprus Department of Economics.
    264. Michael Kuhn & Antonio Minniti & Klaus Prettner & Francesco Venturini, 2023. "Medical innovation, life expectancy, and economic growth," Department of Economics Working Papers wuwp342, Vienna University of Economics and Business, Department of Economics.
    265. Yuriy Kitsul & Oleg Sokolinskiy & Jonathan H. Wright, 2022. "Market Effects of Central Bank Credit Markets Support Programs in Europe," International Finance Discussion Papers 1357, Board of Governors of the Federal Reserve System (U.S.).
    266. Frederik Neugebauer, 2020. "ECB Announcements and Stock Market Volatility," WHU Working Paper Series - Economics Group 20-02, WHU - Otto Beisheim School of Management.
    267. Eguren-Martin, Fernando & O’Neill, Cian & Sokol, Andrej & Berge, Lukas von dem, 2021. "Capital flows-at-risk: push, pull and the role of policy," Working Paper Series 2538, European Central Bank.
    268. Taylor, Alan M. & Benguria, Felipe, 2019. "After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade," CEPR Discussion Papers 13702, C.E.P.R. Discussion Papers.
    269. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2019. "Response of the Macroeconomy to Uncertainty Shocks:the Risk Premium Channel," 2019 Meeting Papers 1567, Society for Economic Dynamics.
    270. Keränen, Henri & Kuusi, Tero, 2016. "The EU’s Fiscal Targets and Their Economic Impact in Finland," ETLA Working Papers 33, The Research Institute of the Finnish Economy.
    271. Sarno, Lucio & Menkhoff, Lukas & Schmeling, Maik & Schrimpf, Paul, 2016. "Currency Value," CEPR Discussion Papers 11324, C.E.P.R. Discussion Papers.
    272. Mar'ia Dolores Gadea & `Oscar Jord`a, 2025. "Local Projections Bootstrap Inference," Papers 2509.17949, arXiv.org.
    273. Gorodnichenko, Yuriy & Pham, Tho & Talavera, Oleksandr, 2021. "Social media, sentiment and public opinions: Evidence from #Brexit and #USElection," European Economic Review, Elsevier, vol. 136(C).
    274. Emilio Colombo & Luca Michele Portoghese & Patrizio Tirelli, 2025. "Broadband Shocks, TFP Growth and Polarisation of European Firms," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2504, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    275. Cesa-Bianchi, Ambrogio & Thwaites, Gregory & Vicondoa, Alejandro, 2016. "Monetary policy transmission in an open economy:new data and evidence from the United Kingdom," LSE Research Online Documents on Economics 86235, London School of Economics and Political Science, LSE Library.
    276. Yihao Xue & Qiaoyu Liang & Bing Tong, 2022. "The Effects of Energy Supply Shocks and Interest Rate Liberalization in China," CFDS Discussion Paper Series 2022/1, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    277. Tenreyro, Silvana & De Silva, Tiloka, 2021. "Climate-change pledges, actions and outcomes," LSE Research Online Documents on Economics 112139, London School of Economics and Political Science, LSE Library.
    278. Paul Beaudry & Tim Willems, 2018. "On the Macroeconomic Consequences of Over-Optimism," IMF Working Papers 2018/122, International Monetary Fund.
    279. Geert Bekaert & Eric Engstrom & Andrey Ermolov, 2017. "Macro Risks and the Term Structure of Interest Rates," Finance and Economics Discussion Series 2017-058, Board of Governors of the Federal Reserve System (U.S.).
    280. Demosthenes Ioannou & Maria Sole Pagliari & Livio Stracca, 2020. "The international dimension of a fragile EMU," Working papers 795, Banque de France.
    281. Barbu, Alexandru & Fricke, Christoph & Mönch, Emanuel, 2020. "Procyclical asset management and bond risk premia," Discussion Papers 38/2020, Deutsche Bundesbank.
    282. Kho, Stephen, 2024. "Deposit market concentration and monetary transmission: evidence from the euro area," Working Paper Series 2896, European Central Bank.
    283. Gilles Dufrénot & William Ginn & Marc Pourroy, 2023. "ENSO Climate Patterns on Global Economic Conditions," Working Papers hal-04064759, HAL.
    284. Jean Louis COMBES & Pascale COMBES-MOTEL, 2022. "Que nous apprend la littérature récente sur la "nature et les causes de la richesse des nations"?," LEO Working Papers / DR LEO 2955, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    285. Uluc Aysun & Ryan Brady & Adam Honig, 2009. "Financial Frictions and Monetary Transmission Strength: A Cross-Country Analysis," Working papers 2009-24, University of Connecticut, Department of Economics, revised Jun 2010.
    286. Canova, Fabio & Ferroni, Filippo, 2020. "A hitchhiker guide to empirical macro models," CEPR Discussion Papers 15446, C.E.P.R. Discussion Papers.
    287. Bettarelli, Luca & Furceri, Davide & Pizzuto, Pietro & Yarveisi, Khatereh, 2024. "Crises and energy markets reforms," Energy Economics, Elsevier, vol. 136(C).
    288. Bjarni G. Einarsson, 2024. "Online Monitoring of Policy Optimality," Economics wp95, Department of Economics, Central bank of Iceland.
    289. Hernando Vargas & Pamela Cardozo & Mauricio Villamizar, 2019. "International reserve policy and the effectiveness of sterilized FX intervention in Colombia," BIS Papers chapters, in: Bank for International Settlements (ed.), Reserve management and FX intervention, volume 104, pages 103-116, Bank for International Settlements.
    290. Johan Brannlund & Geoffrey R. Dunbar & Reinhard Ellwanger & Matthew Krutkiewicz, 2022. "Weather the Storms? Hurricanes, Technology and Oil Production," Staff Working Papers 22-36, Bank of Canada.
    291. Ashima Goyal & Abhishek Kumar, 2019. "News, Noise and Indian Business Cycle," Working Papers id:13041, eSocialSciences.
    292. Beckmann, Joscha & Czudaj, Robert L., 2024. "Uncertainty Shocks and Inflation: The Role of Credibility and Expectation Anchoring," MPRA Paper 119971, University Library of Munich, Germany.
    293. William Barcelona & Nathan Converse & Anna Wong, 2021. "U.S. Housing as a Global Safe Asset: Evidence from China Shocks," International Finance Discussion Papers 1332, Board of Governors of the Federal Reserve System (U.S.).
    294. Francesco Furlanetto & Antoine Lepetit & Ørjan Robstad & Juan F. Rubio-Ramirez & Pål Ulvedal, 2021. "Estimating Hysteresis Effects," Finance and Economics Discussion Series 2021-059, Board of Governors of the Federal Reserve System (U.S.).
    295. Heresi, Rodrigo & Powell, Andrew, 2022. "Corporate Debt and Investment in the Post-Covid World," IDB Publications (Working Papers) 12422, Inter-American Development Bank.
    296. Chang Ma & John H. Rogers & Sili Zhou, 2019. "The Effect of the China Connect," Finance and Economics Discussion Series 2019-087, Board of Governors of the Federal Reserve System (U.S.).
    297. Martin Geiger & Marios Zachariadis, 2021. "Consumers' updating, policy shocks and public debt: An empirical assessment of state dependencies," Arbeitspapiere 69, Liechtenstein-Institut.
    298. Hacıoğlu Hoke, Sinem & Aikman, David & Bridges, Jonathan & O'Neill, Cian & Raja, Akash, 2021. "Credit, capital and crises: a GDP-at-Risk approach," CEPR Discussion Papers 15864, C.E.P.R. Discussion Papers.
    299. Athanasopoulos, Angelos & Fraccaroli, Nicolo & Kern, Andreas & Romelli, Davide, 2025. "Central Bank Independence and Sovereign Borrowing," Policy Research Working Paper Series 11179, The World Bank.
    300. Herwartz, Helmut & Theilen, Bernd & Wang, Shu, 2024. "Unraveling the structural sources of oil production and their impact on CO2 emissions," Energy Economics, Elsevier, vol. 132(C).
    301. Arvind Krishnamurthy & Tyler Muir, 2017. "How Credit Cycles across a Financial Crisis," NBER Working Papers 23850, National Bureau of Economic Research, Inc.
    302. Holm-Hadulla, Fédéric & Pool, Sebastiaan, 2025. "Interest rate control and the transmission of monetary policy," Working Paper Series 3048, European Central Bank.
    303. Vincent Bodart & François Courtoy & Erica Perego, 2021. "World interest rates and macroeconomic adjustments in developing commodity producing countries," LIDAM Discussion Papers IRES 2021002, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    304. Tatjana Dahlhaus & Thibaut Duprey & Craig Johnston, 2025. "Estimating the impacts on GDP of natural disasters in Canada," Staff Analytical Notes 2025-5, Bank of Canada.
    305. Stefan Nagel & Zhen Yan, 2022. "Inflation Hedging on Main Street? Evidence from Retail TIPS Fund Flows," CESifo Working Paper Series 10118, CESifo.
    306. Albis, Manuel Leonard F. & Mapa, Dennis S., 2014. "Bayesian Averaging of Classical Estimates in Asymmetric Vector Autoregressive (AVAR) Models," MPRA Paper 55902, University Library of Munich, Germany.
    307. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2020. "Disasters Everywhere: The Costs of Business Cycles Reconsidered," NBER Working Papers 26962, National Bureau of Economic Research, Inc.
    308. di Giovanni,Julian & Garcia Santana,Manuel Jose & Jeenas,Priit & Moral Benito,Enrique & Pijoan-Mas,Josep, 2023. "Buy Big or Buy Small ? Procurement Policies, Firms’ Financing, and the Macroeconomy," Policy Research Working Paper Series 10522, The World Bank.
    309. Francisco Serranito & Philipp RODERWEIS & Jamel Saadaoui, 2023. "Is Quantitative Easing Productive? The Role of Bank Lending in the Monetary Transmission Process," EconomiX Working Papers 2023-17, University of Paris Nanterre, EconomiX.
    310. Eric Sims & Jonathan Wolff, 2013. "The Output and Welfare Effects of Government Spending Shocks over the Business Cycle," NBER Working Papers 19749, National Bureau of Economic Research, Inc.
    311. Björn Richter & Moritz Schularick & Ilhyock Shim, 2018. "The macroeconomic effects of macroprudential policy," BIS Working Papers 740, Bank for International Settlements.
    312. Torsten Ehlers & Jon Frost & Carlos Madeira & Ilhyock Shim, 2025. "Macroeconomic impact of weather disasters: a global and sectoral analysis," BIS Working Papers 1292, Bank for International Settlements.
    313. Òscar Jordà & Sharon Kozicki, 2007. "Estimation and Inference by the Method of Projection Minimum Distance," Staff Working Papers 07-56, Bank of Canada.
    314. Lloyd, Simon & Fernández-Gallardo, Álvaro & Manuel, Ed, 2023. "The transmission of macroprudential policy in the tails: evidence from a narrative approach," ESRB Working Paper Series 145, European Systemic Risk Board.
    315. Ryan R. Brady, 2006. "Credit Cards and Monetary Policy: Are Households still liquidity-constrained?," Departmental Working Papers 12, United States Naval Academy Department of Economics.
    316. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2017. "The effects of quasi-random monetary experiments," NBER Working Papers 23074, National Bureau of Economic Research, Inc.
    317. Dedola, Luca & Georgiadis, Georgios & Gräb, Johannes & Mehl, Arnaud, 2021. "Does a big bazooka matter? Quantitative easing policies and exchange rates," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 489-506.
    318. Gomis-Porqueras, Pedro & Rafiq, Shuddhasattwa & Yao, Wenying, 2020. "The Impact of Forward Guidance and Large-scale Asset Purchase Programs on Commodity Markets," MPRA Paper 102781, University Library of Munich, Germany.
    319. Pablo Ottonello & Thomas Winberry, 2020. "Financial Heterogeneity and the Investment Channel of Monetary Policy," Econometrica, Econometric Society, vol. 88(6), pages 2473-2502, November.
    320. Magud, Nicolas E. & Pienknagura, Samuel, 2025. "Foreign exchange intervention and capital flow measures under external tail risks," Emerging Markets Review, Elsevier, vol. 65(C).
    321. Zacharias Psaradakis & Martin Sola & Francisco Rapetti & Patricio Yunis, 2024. "The Role of Consumer Sentiment in the Stock Market: A Multivariate Dynamic Mixture Model with Threshold Effects," Department of Economics Working Papers 2024_01, Universidad Torcuato Di Tella.
    322. A. Fronzetti Colladon & B. Guardabascio & F. Venturini, 2023. "A new mapping of technological interdependence," Papers 2308.00014, arXiv.org, revised Sep 2024.
    323. Kumar, Abhishek & Mallick, Sushanta & Sinha, Apra, 2024. "Fiscal spillover in emerging economies: Real versus financial channels," Journal of International Money and Finance, Elsevier, vol. 149(C).
    324. Hasan, Iftekhar & Li, Xiang & Takalo, Tuomas, 2023. "Technological innovation and the bank lending channel of monetary policy transmission," IWH Discussion Papers 14/2021, Halle Institute for Economic Research (IWH), revised 2023.
    325. Yifei Cai & Jamel Saadaoui & Yanrui Wu, 2024. "Political relations and trade: New evidence from Australia, China, and the United States," Scottish Journal of Political Economy, Scottish Economic Society, vol. 71(3), pages 253-275, July.
    326. Mishel Ghassibe & Francesco Zanetti, 2022. "State Dependence of Fiscal Multipliers: The Source of Fluctuations Matters," Discussion Papers 2208, Centre for Macroeconomics (CFM).
    327. Marcellino, Massimiliano & Carriero, Andrea & Corsello, Francesco, 2019. "The Global Component of Inflation Volatility," CEPR Discussion Papers 13470, C.E.P.R. Discussion Papers.
    328. Bastien Buchwalter & Francis X. Diebold & Kamil Yilmaz, 2025. "Clustered Network Connectedness:A New Measurement Frameworkwith Application to Global Equity Markets," PIER Working Paper Archive 25-009, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    329. Monnet, Eric & Puy, Damien, 2021. "One Ring to Rule Them All? New Evidence on World Cycles," CEPR Discussion Papers 15958, C.E.P.R. Discussion Papers.
    330. Carlo Altavilla & Marco Pagano & Miguel Boucinha & Andrea Polo, 2023. "Climate Risk, Bank Lending and Monetary Policy," CSEF Working Papers 687, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    331. Greg Howard & Jack Liebersohn, 2023. "Regional Divergence and House Prices," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 49, pages 312-350, July.
    332. Joseph Kopecky, 2021. "Okay Boomer... Excess Money Growth, Inflation, and Population Aging," Trinity Economics Papers tep0721, Trinity College Dublin, Department of Economics, revised Oct 2021.
    333. Andrea Boitani & Salvatore Perdichizzi, 2018. "Public Expenditure Multipliers in recessions. Evidence from the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza def068, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    334. Stoyanov, Andrey & Zubanov, Nick, 2013. "Money on the Table? Firms' and Workers' Gains from Productivity Spillovers through Worker Mobility," IZA Discussion Papers 7702, Institute of Labor Economics (IZA).
    335. Nöller, Marvin & Balleer, Almut, 2023. "Monetary Policy in the Presence of Supply Constraints: Evidence from German Firm-level Data," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277638, Verein für Socialpolitik / German Economic Association.
    336. Antoine Goujard, 2013. "Cross-Country Spillovers from Fiscal Consolidations," OECD Economics Department Working Papers 1099, OECD Publishing.
    337. Ryan R. Brady & Derek Stimel & Steven Sumner, 2012. "A Time Series Test of the Direct Wealth Effect," Departmental Working Papers 40, United States Naval Academy Department of Economics.
    338. SedlÃ¡Ä ek, Petr, 2016. "Creative Destruction and Uncertainty," CEPR Discussion Papers 11296, C.E.P.R. Discussion Papers.
    339. Yasin Mimir & Lorenzo Ricci, 2024. "Financial imbalances and macroeconomic tail risks: A structural regime-switching investigation," Working Papers 64, European Stability Mechanism, revised 15 Nov 2024.
    340. Anna Samarina & Anh D.M. Nguyen, 2019. "Does monetary policy affect income inequality in the euro area?," Bank of Lithuania Working Paper Series 61, Bank of Lithuania.
    341. Òscar Jordà & Fernanda Nechio, 2023. "Inflation and Wage Growth Since the Pandemic," Working Paper Series 2022-17, Federal Reserve Bank of San Francisco.
    342. Mariarosaria Comunale, 2019. "An Investigation of the Exchange Rate Pass-Through in the Baltic States," Bank of Lithuania Discussion Paper Series 13, Bank of Lithuania.
    343. Ugo Panizza & Charles Wyplosz, 2018. "The Folk Theorem of Decreasing Effectiveness of Monetary Policy: What Do the Data Say?," Russian Journal of Money and Finance, Bank of Russia, vol. 77(1), pages 71-107, March.
    344. Martín Sola & Fabio Spagnolo & Francisco Terfi, 2025. "Big swings in the data and perceived changes in the risk premia," Department of Economics Working Papers 2025_02, Universidad Torcuato Di Tella.
    345. Mario Di Serio & Matteo Fragetta & Emanuel Gasteiger, 2020. "The Government Spending Multiplier at the Zero Lower Bound: Evidence from the United States," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 82(6), pages 1262-1294, December.
    346. Palma, Nuno & Bonfatti, Roberto & Brzezinski, Adam & Karaman, Kivanc, 2020. "Monetary Capacity," CEPR Discussion Papers 15299, C.E.P.R. Discussion Papers.
    347. Yiru Wang & Barbara Rossi, 2019. "VAR-based Granger-causality test in the presence of instabilities," Economics Working Papers 1642, Department of Economics and Business, Universitat Pompeu Fabra.
    348. Emilio Colombo & Luca Michele Portoghese & Patrizio Tirelli, 2025. "Broadband Access and Markups in Europe," DISEIS - Quaderni del Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo dis2505, Università Cattolica del Sacro Cuore, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo (DISEIS).
    349. Hamza Bennani, 2021. "Monetary Policy and the Racial Unemployment Rates in the US," EconomiX Working Papers 2021-8, University of Paris Nanterre, EconomiX.
    350. Jose U Mora Mora & Rafael A Acevedo, 2019. "Fiscal Policy Effects and Capital Mobility in Latin American Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 34(1), pages 159-188.
    351. Rosen Valchev, 2017. "Bond Convenience Yields and Exchange Rate Dynamics," Boston College Working Papers in Economics 943, Boston College Department of Economics.
    352. Jochen Güntner, 2020. "Central bank information and private-sector Expectations," Economics working papers 2020-07, Department of Economics, Johannes Kepler University Linz, Austria.
    353. Ali Alichi & Mr. Ippei Shibata & Kadir Tanyeri, 2019. "Fiscal Policy Multipliers in Small States," IMF Working Papers 2019/072, International Monetary Fund.
    354. Bill Dupor & M. Saif Mehkari & Rong Li & Yi-Chan Tsai, 2019. "The 2008 US Auto Market Collapse," 2019 Meeting Papers 66, Society for Economic Dynamics.
    355. Francois, John Nana Darko & Konte, Maty & Ruch, Franz Ulrich, 2024. "“Crowding In” Effect of Public Investment on Private Investment Revisited," Policy Research Working Paper Series 10881, The World Bank.
    356. David Perez-Reyna & Mauricio Villamizar-Villegas, 2018. "Breaking the trilemma: the effects of financial regulations on foreign assets," BIS Working Papers 718, Bank for International Settlements.
    357. Miroslav Misina & David Tessier, 2008. "Non-Linearities, Model Uncertainty, and Macro Stress Testing," Staff Working Papers 08-30, Bank of Canada.
    358. Federle, Jonathan-Julian & Mohr, Cathrin & Schularick, Moritz, 2024. "Inflation surprises and election outcomes," Kiel Working Papers 2278, Kiel Institute for the World Economy.
    359. Oscar Jorda & Alan Taylor & Sanjay Singh, 2019. "The Long-Run Effects of Monetary Policy," 2019 Meeting Papers 1307, Society for Economic Dynamics.
    360. Cloyne, James S. & Hürtgen, Patrick & Taylor, Alan M., 2022. "Global monetary and financial spillovers: Evidence from a new measure of Bundesbank policy shocks," Discussion Papers 34/2022, Deutsche Bundesbank.
    361. Maria Elkhdari & Moez Souissi & Mr. Andrew Jewell, 2018. "Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria," IMF Working Papers 2018/124, International Monetary Fund.
    362. Baioni Tomás, 2024. "Unconventional monetary policy in a high-inflation regime: evidence from Argentina," Asociación Argentina de Economía Política: Working Papers 4709, Asociación Argentina de Economía Política.
    363. Dapontas Dimitrios, 2013. "Examining Eurozone Crisis and Unemployment Relationship Using Var Models," Scientific Annals of Economics and Business, Sciendo, vol. 60(2), pages 1-8, December.
    364. Selien De Schryder & Frederic Opitz, 2019. "Macroprudential policy and its impact on the Credit Cycle," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/990, Ghent University, Faculty of Economics and Business Administration.
    365. Matteo Ficarra, 2024. "Public Spending, Green Growth, and Corruption: a Local Fiscal Multiplier Analysis for Italian Provinces," IHEID Working Papers 11-2024, Economics Section, The Graduate Institute of International Studies.
    366. Rui Fan & Alex Nikolsko-Rzhevskyy & Oleksandr Talavera, 2025. "Foreign Eyes on Wall Street: Investor Attention and U.S. Stock Reactions," Discussion Papers 25-02, Department of Economics, University of Birmingham.
    367. Adam Elbourne & Coen Teulings, 2011. "The potential of a small model," CPB Discussion Paper 193, CPB Netherlands Bureau for Economic Policy Analysis.
    368. Ritsu Yano & Yoshiyuki Nakazono & Kento Tango, 2024. "The Transmission of Monetary Policy Shocks: Evidence from Japan," TUPD Discussion Papers 57, Graduate School of Economics and Management, Tohoku University.
    369. Eickmeier, Sandra & Quast, Josefine & Schüler, Yves, 2024. "Macroeconomic and financial effects of natural disasters," Discussion Papers 45/2024, Deutsche Bundesbank.
    370. Adam Brzezinski & Yao Chen & Nuno Palma & Felix Ward, 2019. "The Vagaries of the Sea: Evidence on the Real Effects of Money from Maritime Disasters in the Spanish Empire," Economics Discussion Paper Series 1906, Economics, The University of Manchester, revised May 2022.
    371. Christoph Doerffel & Andreas Freytag, 2021. "The Poverty Effect of Democratization," Jena Economics Research Papers 2021-017, Friedrich-Schiller-University Jena.
    372. Tobias König, 2025. "Financial Constraints and the Micro Origins of Aggregate Equity Shocks in Capital Markets," CRC TR 224 Discussion Paper Series crctr224_2025_675, University of Bonn and University of Mannheim, Germany.
    373. Philipp Heimberger, 2018. "The Dynamic Effects of Fiscal Consolidation Episodes on Income Inequality," wiiw Working Papers 147, The Vienna Institute for International Economic Studies, wiiw.
    374. Siming Liu, 2018. "Government Spending during Sudden Stop Crises," CAEPR Working Papers 2018-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    375. Espinoza Raphael & Gamboa-Arbelaez Juliana & Sy Mouhamadou, 2024. "The Fiscal Multiplier of Public Investment: The Role of Corporate Balance Sheet," The B.E. Journal of Macroeconomics, De Gruyter, vol. 24(1), pages 489-527, January.
    376. Renzhi, Nuobu & Beirne, John, 2025. "The nexus of peer-to-peer lending and monetary policy transmission: Evidence from the People's Republic of China," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
    377. Jing Lian Suah, 2024. "The "plucking" model of the unemployment rate floor: Corss-country estimates and empirics," BIS Working Papers 1159, Bank for International Settlements.
    378. He, Qing & Korhonen, Iikka & Qian, Zongxin, 2021. "Monetary policy transmission with two exchange rates of a single currency: The Chinese experience," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 558-576.
    379. Natoli, Filippo & Metelli, Luca, 2018. "The international transmission of US fiscal shocks," MPRA Paper 84207, University Library of Munich, Germany.
    380. Michele Cascarano & Filippo Natoli, 2023. "Temperatures and search: evidence from the housing market," Temi di discussione (Economic working papers) 1419, Bank of Italy, Economic Research and International Relations Area.
    381. Ronayne, David, 2011. "Which Impulse Response Function?," The Warwick Economics Research Paper Series (TWERPS) 971, University of Warwick, Department of Economics.
    382. Sebastiao OLIVEIRA & Jay RAFI & Pedro SIMON, 2024. "The Effect of United States Monetary Policy on Foreign Firms: Does Debt Maturity Matter?," Working Papers DP-2024-27, Economic Research Institute for ASEAN and East Asia (ERIA).
    383. Davide, Furceri & Aleksandra, Zdzienicka, 2010. "Banking Crises and Short and Medium Term Output Losses in Developing Countries: The Role of Structural and Policy Variables," MPRA Paper 22078, University Library of Munich, Germany.
    384. Bhargava, Apoorv & Gόrnicka, Lucyna & Xie, Peichu, 2023. "Leakages from macroprudential regulations: the case of household-specific tools and corporate credit," Working Paper Series 2784, European Central Bank.
    385. Ashoka Mody & Milan Nedeljkovic, 2018. "Central Bank Policies and Financial Markets: Lessons from the Euro Crisis," Working Papers 253, Princeton University, Department of Economics, Center for Economic Policy Studies..
    386. Israel, Karl-Friedrich & Sepp, Tim Florian & Sonnenberg, Nils, 2023. "The effects of unconventional monetary policy on stock markets and household incomes in Japan," Working Papers 177, University of Leipzig, Faculty of Economics and Management Science.
    387. Mauricio Villamizar-Villegas, 2016. "Identifying The Effects Of Simultaneous Monetary Policy Shocks," Contemporary Economic Policy, Western Economic Association International, vol. 34(2), pages 268-296, April.
    388. Pratiti Chatterjee & David Gunawan & Robert Kohn, 2020. "The Interaction Between Credit Constraints and Uncertainty Shocks," Papers 2004.14719, arXiv.org.
    389. Rubio-Ramírez, Juan Francisco & Fernández-Villaverde, Jesús & Andreasen, Martin M., 2013. "The Pruned State-Space System for Non-Linear DSGE Models: Theory and Empirical Applications," CEPR Discussion Papers 9442, C.E.P.R. Discussion Papers.
    390. Longaric, Pablo Anaya & Cera, Katharina & Georgiadis, Georgios & Kaufmann, Christoph, 2025. "Investment funds and euro disaster risk," Working Paper Series 3029, European Central Bank.
    391. Régis Barnichon & Adam Hale Shapiro, 2002. "Phillips Meets Beveridge," Working Paper Series 2024-22, Federal Reserve Bank of San Francisco.
    392. Andras Lengyel & Massimo Giuliodoril, 2020. "Demand shocks for public debt in the Eurozone," Working Papers 674, DNB.
    393. Anyfantaki, Sofia & Blix Grimaldi, Marianna & Papadopoulos, Georgios & Madeira, Carlos & Malovaná, Simona, 2025. "Decoding climate-related risks in sovereign bond pricing: a global perspective," Working Paper Series 3135, European Central Bank.
    394. Anna Mikusheva & Mikkel S{o}lvsten, 2023. "Linear Regression with Weak Exogeneity," Papers 2308.08958, arXiv.org, revised Jan 2024.
    395. Robert Wojciechowski, 2024. "A Structural Approach to Growth-at-Risk," Papers 2410.04431, arXiv.org.
    396. Marco Garofalo & Giovanni Rosso & Roger Vicquery, 2024. "Dominant Currency Pricing Transition," Discussion Papers 2419, Centre for Macroeconomics (CFM).
    397. Franziska Bremus & Thomas Krause & Felix Noth, 2017. "Bank-Specific Shocks and House Price Growth in the U.S," Discussion Papers of DIW Berlin 1636, DIW Berlin, German Institute for Economic Research.
    398. Martin Bruns & Helmut Luetkepohl, 2021. "Comparison of Local Projection Estimators for Proxy Vector Autoregressions," University of East Anglia School of Economics Working Paper Series 2021-04, School of Economics, University of East Anglia, Norwich, UK..
    399. Duque Gabriel, Ricardo & Klein, Mathias & Pesso, Ana Sofia, 2020. "The Effects of Government Spending in the Eurozone," Working Paper Series 400, Sveriges Riksbank (Central Bank of Sweden).
    400. Nadav Ben Zeev & Tomer Ifergane, 2022. "Firing Restrictions and Economic Resilience: Protect and Survive?," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 93-124, January.
    401. Alan J. Auerbach & Yuriy Gorodnichenko, 2012. "Fiscal Multipliers in Recession and Expansion," NBER Chapters, in: Fiscal Policy after the Financial Crisis, pages 63-98, National Bureau of Economic Research, Inc.
    402. Schroeder, Christofer & Stracca, Livio, 2023. "Pollution havens? Carbon taxes, globalization, and the geography of emissions," Working Paper Series 2862, European Central Bank.
    403. Ricardo J. Caballero & Gunes Kamber, 2019. "On the Global Impact of Risk-off Shocks and Policy-put Frameworks," NBER Working Papers 26031, National Bureau of Economic Research, Inc.
    404. Klodiana Istrefi & Anamaria Piloiu, 2020. "Public Opinion on Central Banks when Economic Policy is Uncertain," Working papers 765, Banque de France.
    405. Priit Jeenas, 2023. "Firm balance sheet liquidity, monetary policy shocks, and investment dynamics," Economics Working Papers 1872, Department of Economics and Business, Universitat Pompeu Fabra.
    406. Drehmann, Mathias & Juselius, Mikael & Korinek, Anton, 2023. "Long-term debt propagation and real reversals," Bank of Finland Research Discussion Papers 5/2023, Bank of Finland.
    407. Piyachart Phiromswad, 2014. "Measuring monetary policy with empirically grounded identifying restrictions," Empirical Economics, Springer, vol. 46(2), pages 681-699, March.
    408. Kento Tango & Yoshiyuki Nakazono, 2024. "Subjective Monetary Policy Shocks," TUPD Discussion Papers 48, Graduate School of Economics and Management, Tohoku University.
    409. Corinna Ghirelli & Javier J. Pérez & Alberto Urtasun, 2020. "Economic policy uncertainty in Latin America: measurement using Spanish newspapers and economic spillovers," Working Papers 2024, Banco de España.
    410. David Rezza Baqaee, 2015. "Asymmetric Inflation Expectations, Downward Rigidity of Wages and Asymmetric Business Cycles," Discussion Papers 1601, Centre for Macroeconomics (CFM).
    411. Itamar Caspi & Amit Friedman & Sigal Ribon, 2022. "The Immediate Impact and Persistent Effect of FX Purchases on the Exchange Rate," International Journal of Central Banking, International Journal of Central Banking, vol. 18(5), pages 1-31, December.
    412. Sophia Chen & Deniz Igan & Do Lee & Prachi Mishra, 2024. "Inflation and Labor Markets: A Bottom-Up View," Working Papers 127, Ashoka University, Department of Economics.
    413. Çiğdem Yılmaz Özsoy, 2023. "Investigating the Relationship Between Financial Development and Income Inequality in Developed and Developing Countries: An Application of Canonical Correlation Analysis," EKOIST Journal of Econometrics and Statistics, Istanbul University, Faculty of Economics, vol. 0(38), pages 35-52, June.
    414. Kapinos, Pavel, 2021. "Did the Paycheck Protection Program have negative side effects on small-business activity?," Economics Letters, Elsevier, vol. 208(C).
    415. Agnello, Luca & Castro, Vítor & Sousa, Ricardo M. & Hammoudeh, Shawkat, 2025. "What is the impact of natural disasters on sovereign risk? Expect the unexpected!," LSE Research Online Documents on Economics 128535, London School of Economics and Political Science, LSE Library.
    416. Davide Furceri & Mr. Lorenzo E. Bernal-Verdugo & Mr. Dominique M. Guillaume, 2012. "Crises, Labor Market Policy, and Unemployment," IMF Working Papers 2012/065, International Monetary Fund.
    417. Makram El-Shagi & Yishuo Ma, 2021. "Nine blind men and the PBoC," CFDS Discussion Paper Series 2021/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    418. Eichengreen, Barry & Naef, Alain, 2020. "Imported or Home Grown? The 1992-3 EMS Crisis," CEPR Discussion Papers 15340, C.E.P.R. Discussion Papers.
    419. Olegs Tkacevs & Karsten Staehr, 2025. "The Effects of Macroeconomic and Budget Balance Shocks on Public Debt Trajectories in the Euro Area," Working Papers 2025/08, Latvijas Banka.
    420. Ben Zeev, Nadav, 2017. "Capital controls as shock absorbers," Journal of International Economics, Elsevier, vol. 109(C), pages 43-67.
    421. Fidel Perez-Sebastian & Ohad Raveh & Frederick van der Ploeg, 2025. "Natural Resources, Technology Improvements, and Growth," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 88(8), pages 2157-2199, August.
    422. Bonk, Alica Ida & Larkou, Chloe, 2025. "The macroeconomic impact of trade policy: a new identification approach," Working Paper Series 3102, European Central Bank.
    423. Bahaj, Saleem & Foulis, Angus & Pinter, Gabor & Surico, Paolo, 2022. "Employment and the residential collateral channel of monetary policy," Journal of Monetary Economics, Elsevier, vol. 131(C), pages 26-44.
    424. Pragidis, I.C. & Tsintzos, P. & Plakandaras, B., 2018. "Asymmetric effects of government spending shocks during the financial cycle," Economic Modelling, Elsevier, vol. 68(C), pages 372-387.
    425. Douglas Sutherland & Peter Hoeller, 2013. "Growth-promoting Policies and Macroeconomic Stability," OECD Economics Department Working Papers 1091, OECD Publishing.
    426. Abdelwahed, Loujaina, 2020. "More oil, more or less taxes? New evidence on the impact of resource revenue on domestic tax revenue," Resources Policy, Elsevier, vol. 68(C).
    427. Donia Besher & Anirban Sengupta & Tanujit Chakraborty, 2025. "Probabilistic Forecasting of Climate Policy Uncertainty: The Role of Macro-financial Variables and Google Search Data," Papers 2507.12276, arXiv.org, revised Jan 2026.
    428. Bonciani, Dario & Ricci, Martino, 2020. "The international effects of global financial uncertainty shocks," Journal of International Money and Finance, Elsevier, vol. 109(C).
    429. Régis Barnichon & Christian Matthes, 2016. "Understanding the size of the government spending multiplier: It's in the sign," Economics Working Papers 1555, Department of Economics and Business, Universitat Pompeu Fabra.
    430. Binder, Carola & Ozturk, Ezgi & Sheng, Xuguang Simon, 2025. "The effects of inflation uncertainty on firms and the macroeconomy," Journal of International Money and Finance, Elsevier, vol. 151(C).
    431. Wieladek, Tomasz & Hjortsø, Ida & Weale, Martin, 2016. "Monetary Policy and the Current Account: Theory and Evidence," CEPR Discussion Papers 11204, C.E.P.R. Discussion Papers.
    432. Myroslav Pidkuyko, 2023. "Heterogeneous Spillovers of Housing Credit Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 39-59, December.
    433. Poilly, Céline & Anna, Beliansk & Eyquem, Aurélien, 2021. "The Transmission Channels of Government Spending Uncertainty," CEPR Discussion Papers 15894, C.E.P.R. Discussion Papers.
    434. Stefania D'Amico & Corey Feldman, 2024. "Balance Sheet Policy Uncertainty and Its Aggregate Implications," Working Paper Series WP 2024-14, Federal Reserve Bank of Chicago.
    435. Michael Donadelli & Marcus Jüppner & Antonio Paradiso & Christian Schlag, 2019. "Temperature Volatility Risk," Working Papers 2019:05, Department of Economics, University of Venice "Ca' Foscari".
    436. Tomás Opazo, 2023. "The Heterogeneous Effect of Monetary Policy Shocks: Evidence for US Households," Working Papers Central Bank of Chile 992, Central Bank of Chile.
    437. Barnichon, Regis & Matthes, Christian, 2016. "Gaussian Mixture Approximations of Impulse Responses and The Non-Linear Effects of Monetary Shocks," CEPR Discussion Papers 11374, C.E.P.R. Discussion Papers.
    438. Gabler Alain, 2011. "Sector-Specific Markup Fluctuations and the Business Cycle: A Cross-Country Analysis," The B.E. Journal of Macroeconomics, De Gruyter, vol. 11(1), pages 1-32, December.
    439. Christian Matthes & Regis Barnichon, 2015. "Measuring the Non-Linear Effects of Monetary Policy," 2015 Meeting Papers 49, Society for Economic Dynamics.
    440. Mario Alloza & Pablo Burriel & Javier J. Pérez, 2018. "Fiscal policies in the euro area: revisiting the size of spillovers," Working Papers 1820, Banco de España.
    441. Maximilian Grimm & Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2023. "Loose Monetary Policy and Financial Instability," Working Paper Series 2023-06, Federal Reserve Bank of San Francisco.
    442. Taylor, Alan M. & Aikman, David & Bush, Oliver, 2016. "Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe R," CEPR Discussion Papers 11353, C.E.P.R. Discussion Papers.
    443. Holm-Hadulla, Fédéric & Thürwächter, Claire, 2024. "Granular shocks to corporate leverage and the macroeconomic transmission of monetary policy," Working Paper Series 2891, European Central Bank.
    444. Enders, Zeno, 2017. "Heterogeneous consumers, segmented asset markets, and the real effects of monetary policy," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168227, Verein für Socialpolitik / German Economic Association.
    445. Marina Friedrich & Luca Margaritella & Stephan Smeekes, 2023. "High-Dimensional Granger Causality for Climatic Attribution," Papers 2302.03996, arXiv.org, revised Jun 2024.
    446. Emmet Hall-Hoffarth, 2022. "Causal Discovery of Macroeconomic State-Space Models," Papers 2204.02374, arXiv.org.
    447. Iones Kelanemer Holban, 2024. "Non-Linearities in International Spillovers of the ECB$^\prime$s Monetary Policy. The Case of Non-ERM II Countries and Anti-Fragmentation Policy," Papers 2406.19938, arXiv.org, revised Jul 2024.
    448. Anh D.M.Nguyen & Luisanna Onnis & Raffaele Rossi, 2016. "The Macroeconomic Effects of Income and Consumption Tax Changes," Centre for Growth and Business Cycle Research Discussion Paper Series 227, Economics, The University of Manchester.
    449. Jonas E. Arias & Jesús Fernández-Villaverde & Juan Rubio Ramírez & Minchul Shin, 2021. "The Causal Effects of Lockdown Policies on Health and Macroeconomic Outcomes," NBER Working Papers 28617, National Bureau of Economic Research, Inc.
    450. Joost Bats & Massimo Giuliodori & Aerdt Houben, 2020. "Monetary policy effects in times of negative interest rates: What do bank stock prices tell us?," Working Papers 694, DNB.
    451. Kaixing Huang, 2024. "Fertility and long‐term economic growth," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 1152-1171, July.
    452. Benatti, Nicola & Groiss, Martin & Kelly, Petra & Lopez-Garcia, Paloma, 2024. "The impact of environmental regulation on clean innovation: are there crowding out effects?," Working Paper Series 2946, European Central Bank.
    453. Colavecchio, Roberta & Rubene, Ieva, 2020. "Non-linear exchange rate pass-through to euro area inflation: a local projection approach," Working Paper Series 2362, European Central Bank.
    454. Silvia Goncalves & Ana María Herrera & Lutz Kilian & Elena Pesavento, 2024. "Nonparametric Local Projections," Working Papers 2414, Federal Reserve Bank of Dallas.
    455. Lutz Kilian & Robert J. Vigfusson, 2016. "The Role of Oil Price Shocks in Causing U.S. Recessions," CESifo Working Paper Series 5743, CESifo.
    456. Milivojevic,Lazar, 2023. "Natural Disasters and Fiscal Drought," Policy Research Working Paper Series 10298, The World Bank.
    457. Eduardo Maqui & Márcia Silva-Pereira & Nicholas Vause, 2025. "Bond Financing Conditions, Economic Activity and the Financial Accelerator," Working Papers w202518, Banco de Portugal, Economics and Research Department.
    458. Lea Steininger & Jan Philipp Fritsche, 2022. "The Labor Share is a Catalyst for Monetary Policy - Two Million Firms' Production Dynamics," Department of Economics Working Papers wuwp326, Vienna University of Economics and Business, Department of Economics.
    459. Petrella, Ivan & Pfajfar, Damjan & Santoro, Emiliano & Gaffeo, Edoardo, 2014. "Loss Aversion and the Asymmetric Transmission of Monetary Policy," CEPR Discussion Papers 10105, C.E.P.R. Discussion Papers.
    460. Cara Dabrowski & Philipp Heimberger, 2025. "Achieving geoeconomic goals by boosting the economy without raising the public debt ratio? New evidence on the effects of public investment in the European Union," wiiw Policy Notes 99, The Vienna Institute for International Economic Studies, wiiw.
    461. Christoph E. Boehm, 2018. "Government Consumption and Investment: Does the Composition of Purchases Affect the Multiplier?," Working Papers 662, Research Seminar in International Economics, University of Michigan.
    462. Noam Ben-Ze’ev & Sigal Ribon & Roy Stein, 2024. "Monetary Policy and the Mutual Fund Market: Funding and Liquidity," Bank of Israel Working Papers 2024.11, Bank of Israel.
    463. Dirks, Maximilian & Schmidt, Torsten, 2023. "The relationship between political instability and economic growth in advanced economies: Empirical evidence from a panel VAR and a dynamic panel FE-IV analysis," Ruhr Economic Papers 1000, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    464. Mertens, Elmar, 2012. "Are spectral estimators useful for long-run restrictions in SVARs?," Journal of Economic Dynamics and Control, Elsevier, vol. 36(12), pages 1831-1844.
    465. Alan J. Auerbach & Yuriy Gorodnichenko, 2015. "Effects of Fiscal Shocks in a Globalized World," NBER Working Papers 21100, National Bureau of Economic Research, Inc.
    466. Bédhat Jean-Marc Atsebi & Jean-Louis Combes & Alexandru Minea, 2019. "The trade costs of financial crises," Working Papers halshs-01990335, HAL.
    467. Beutel, Johannes & Emter, Lorenz & Metiu, Norbert & Prieto, Esteban & Schüler, Yves, 2022. "The global financial cycle and macroeconomic tail risks," Discussion Papers 43/2022, Deutsche Bundesbank.
    468. Raphaelle G. Coulombe & Akhil Rao, 2023. "Fires and Local Labor Markets," Papers 2308.02739, arXiv.org.
    469. Fergus Cumming & Paul Hubert, 2019. "The Role of Households' Borrowing Constraints in the Transmission of Monetary Policy This paper investigates how the transmission of monetary policy to the real economy depends on the distribution of ," Documents de Travail de l'OFCE 2019-20, Observatoire Francais des Conjonctures Economiques (OFCE).
    470. Anastasios Evgenidis & Apostolos Fasianos, 2025. "AI news shocks and the macroeconomy: evidence from UK patent data," IFS Working Papers W25/48, Institute for Fiscal Studies.
    471. Kalemli-Özcan, Sebnem, 2019. "US Monetary Policy and International Risk Spillovers," CEPR Discussion Papers 14053, C.E.P.R. Discussion Papers.
    472. Davide Furceri & João Tovar Jalles & Aleksandra Zdzienicka, 2017. "China Spillovers: New Evidence from Time-Varying Estimates," Open Economies Review, Springer, vol. 28(3), pages 413-429, July.
    473. Péter Benczúr & István Kónya, 2022. "Convergence to the Centre," Contributions to Economics, in: László Mátyás (ed.), Emerging European Economies after the Pandemic, chapter 0, pages 1-51, Springer.
    474. Matteo Iacoviello & Gaston Navarro, 2018. "Foreign Effects of Higher U.S. Interest Rates," International Finance Discussion Papers 1227, Board of Governors of the Federal Reserve System (U.S.).
    475. Silvia Miranda Agrippino & Tsvetelina Nenova, 2022. "A tale of two global monetary policies," Bank of England working papers 972, Bank of England.
    476. Santiago Camara & Maximo Sangiacomo, 2022. "Borrowing Constraints in Emerging Markets," Papers 2211.10864, arXiv.org.
    477. Olivier Coibion & Yuriy Gorodnichenko, 2012. "What Can Survey Forecasts Tell Us about Information Rigidities?," Journal of Political Economy, University of Chicago Press, vol. 120(1), pages 116-159.
    478. Luigi Infante & Francesca Lilla & Michela E. Pasetto, 2025. "Energy price shocks and their effects on the main macroeconomic variables: a Bayesian SVAR analysis," Questioni di Economia e Finanza (Occasional Papers) 926, Bank of Italy, Economic Research and International Relations Area.
    479. Paranhos, Livia, 2025. "How do firms’ financial conditions influence the transmission of monetary policy? A non-parametric local projection approach," Journal of Econometrics, Elsevier, vol. 249(PC).
    480. Nuno Palma & André C. Silva, 2024. "Spending A Windfall," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 65(1), pages 283-313, February.
    481. Rana, Ghulam Awais & Shea, Paul, 2015. "Estimating the causal relationship between foreclosures and unemployment during the great recession," Economics Letters, Elsevier, vol. 134(C), pages 90-93.
    482. Demirel, Ufuk Devrim, 2021. "The short-term effects of tax changes: The role of state dependence," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 918-934.
    483. Uluc Aysun, 2010. "Testing for Balance Sheet Effects in Emerging Markets: A Non‐Crisis Setting," International Finance, Wiley Blackwell, vol. 13(2), pages 223-256, August.
    484. Lee, Dong Jin & Kim, Tae-Hwan & Mizen, Paul, 2021. "Impulse response analysis in conditional quantile models with an application to monetary policy," Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
    485. Grégory Donnat & Maxime Menuet & Alexandru Minea & Patrick Villieu, 2025. "Does Public Debt Impair Total Factor Productivity?," GREDEG Working Papers 2025-26, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    486. Francisco Pinto-Avalos & Michael Bowe & Stuart Hyde, 2024. "Financial advisory firms, asset reallocation and price pressure in the FOREX market," Working Papers Central Bank of Chile 1020, Central Bank of Chile.
    487. Òscar Jordà & Moritz Schularick & Alan M. Taylor & Felix Ward, 2018. "Global Financial Cycles and Risk Premiums," Working Paper Series 2018-5, Federal Reserve Bank of San Francisco.
    488. Woo, Jaejoon, 2023. "Financial crises and inequality: New evidence from a panel of 17 advanced economies," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    489. Barnichon, Regis & Matthes, Christian, 2015. "Stimulus versus Austerity: The Asymmetric Government Spending Multiplier," CEPR Discussion Papers 10584, C.E.P.R. Discussion Papers.
    490. Lucas Ordóñez, 2025. "The Transmission of Supply Shocks to Inflation: the Case of Argentina (2004-2022)," Working Papers 351, Red Nacional de Investigadores en Economía (RedNIE).
    491. Markus Leibrecht & Johann Scharler, 2017. "Financial Crises and the Composition of Public Finances: Evidence from OECD Countries," ICMA Centre Discussion Papers in Finance icma-dp2017-04, Henley Business School, University of Reading.
    492. Xavier Ragot, 2016. "Le retour de l’économie keynésienne," Sciences Po Economics Publications (main) hal-03469978, HAL.
    493. Pedro Brinca & Hans Holter & Miguel Faria-e-Castro & Miguel Ferreira, 2019. "The Nonlinear Effects of Fiscal Policy," 2019 Meeting Papers 934, Society for Economic Dynamics.
    494. Richhild Moessner, 2024. "Effects of Green Technology Support Policies on Carbon Dioxide Emissions," CESifo Working Paper Series 11047, CESifo.
    495. Carolin Pflueger & Emil Siriwardane & Adi Sunderam, 2018. "A Measure of Risk Appetite for the Macroeconomy," NBER Working Papers 24529, National Bureau of Economic Research, Inc.
    496. Andrea Cipollini & Fabio Parla, 2018. "Housing Market Shocks in Italy: a GVAR approach," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0069, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    497. Jörg Breitung & Ralf Brüggemann, 2019. "Projection estimators for structural impulse responses," Working Paper Series of the Department of Economics, University of Konstanz 2019-05, Department of Economics, University of Konstanz.
    498. Carlino, Gerald A. & Inman, Robert P., 2013. "Local deficits and local jobs: Can US states stabilize their own economies?," Journal of Monetary Economics, Elsevier, vol. 60(5), pages 517-530.
    499. Rodolfo G. Campos & Jesus Fernandez-Villaverde & Galo Nuno & Peter Paz, 2024. "Navigating by Falling Stars:Monetary Policy with Fiscally Driven Natural Rates," PIER Working Paper Archive 24-007, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    500. Maria Gadea & Òscar Jordà, 2025. "Local Projections Bootstrap Inference," Working Paper Series 2025-21, Federal Reserve Bank of San Francisco.
    501. Frederic Boissay & Fabrice Collard & Cristina Manea & Adam Shapiro, 2023. "Monetary tightening, inflation drivers and financial stress," BIS Working Papers 1155, Bank for International Settlements.
    502. Bracco,Jessica Roxana & Galeano,Luciana Maria & Juarros,Pedro Francisco & Riera-Crichton,Daniel & Vuletin,Guillermo Javier, 2021. "Social Transfer Multipliers in Developed and Emerging Countries : The Role of Hand-to-Mouth Consumers," Policy Research Working Paper Series 9627, The World Bank.
    503. Enisse Kharroubi & Fabrizio Zampolli, 2016. "Monetary independence in a financially integrated world: what do measures of interest rate co-movement tell us?," BIS Papers chapters, in: Bank for International Settlements (ed.), Expanding the boundaries of monetary policy in Asia and the Pacific, volume 88, pages 193-205, Bank for International Settlements.
    504. Stoyanov, Andrey & Zubanov, Nikolay, 2014. "The distribution of the gains from spillovers through worker mobility between workers and firms," European Economic Review, Elsevier, vol. 70(C), pages 17-35.
    505. Olegs Matvejevs & Olegs Tkacevs, 2022. "Public investment crowds in private investment - with ifs and buts," Working Papers 2022/04, Latvijas Banka.
    506. William D. Larson & Andrew B. Martinez, 2024. "House Prices, Debt Burdens, and the Heterogeneous Effects of Mortgage Rate Shocks," Working Papers 2024-002, The George Washington University, The Center for Economic Research.
    507. Osnat Zohar, 2021. "Cyclicality of Uncertainty and Disagreement," Bank of Israel Working Papers 2021.09, Bank of Israel.
    508. Majid M. Al-Sadoon, 2015. "Testing Subspace Granger Causality," Working Papers 850, Barcelona School of Economics.
    509. Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2024. "Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option," Working papers 2024rwp-228, Yonsei University, Yonsei Economics Research Institute.
    510. David, Antonio C. & Guajardo, Jaime & Yepez, Juan F., 2022. "The rewards of fiscal consolidations: Sovereign spreads and confidence effects," Journal of International Money and Finance, Elsevier, vol. 123(C).
    511. Makram El-Shagi, 2024. "The Effect of Monetary Policy Shocks on Inequality in the Eurozone," CFDS Discussion Paper Series 2024/2, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    512. Auerbach, Alan J. & Gorodnichenko, Yuriy, 2017. "Fiscal multipliers in Japan," Research in Economics, Elsevier, vol. 71(3), pages 411-421.
    513. Adam Hale Shapiro, "undated". "Decomposing Supply and Demand Driven Inflation," RBA Annual Conference Papers acp2023-03, Reserve Bank of Australia, revised Nov 2023.
    514. Chen, Show-Lin & Wu, Jyh-Lin, 2011. "Home bias and the persistence of real exchange rates," Economic Modelling, Elsevier, vol. 28(1), pages 55-59.
    515. Wenting Liao & Jun Ma & Chengsi Zhang, 2023. "Identifying exchange rate effects and spillovers of US monetary policy shocks in the presence of time‐varying instrument relevance," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(7), pages 989-1006, November.
    516. Foroni, Claudia & Stracca, Livio, 2019. "Much ado about nothing? The shale oil revolution and the global supply curve," Working Paper Series 2309, European Central Bank.
    517. Romain Duval & Davide Furceri & Joao Jalles, 2020. "Job protection deregulation in good and bad times," Oxford Economic Papers, Oxford University Press, vol. 72(2), pages 370-390.
    518. Bredemeier, Christian & Juessen, Falko & Schabert, Andreas, 2022. "Why are fiscal multipliers moderate even under monetary accommodation?," European Economic Review, Elsevier, vol. 141(C).
    519. Kuiper, Erno & Bunte, Frank H.J., "undated". "Asymmetric Price Transmission in Food Supply Chains: Impulse Response Analysis by Local Projections," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114679, European Association of Agricultural Economists.
    520. Nagayasu, Jun, 2020. "Economic Activities and Regional Correlation During Economic and Natural Disasters," MPRA Paper 103084, University Library of Munich, Germany.
    521. Frost, Jon & van Stralen, René, 2018. "Macroprudential policy and income inequality," Journal of International Money and Finance, Elsevier, vol. 85(C), pages 278-290.
    522. Ruge-Murcia, Francisco, 2020. "Estimating nonlinear dynamic equilibrium models by matching impulse responses," Economics Letters, Elsevier, vol. 197(C).
    523. Silvia Miranda-Agrippino & Giovanni Ricco, 2017. "The transmission of monetary policy shocks," Bank of England working papers 657, Bank of England.
    524. Meinerding, Christoph & Schüler, Yves S. & Zhang, Philipp, 2023. "Shocks to transition risk," Discussion Papers 04/2023, Deutsche Bundesbank.
    525. Théo METZ, 2024. "New fiscal transparency index and public debt borrowing costs," Working Papers of BETA 2024-50, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    526. Yuhang Zheng & Zhehao Huang & Tianpei Jiang, 2020. "Will the Economic Recession Inhibit the Out-of-Pocket Payment Willingness for Health Care?," IJERPH, MDPI, vol. 17(3), pages 1-16, January.
    527. Serrano, Pedro & Vaello-Sebastià, Antoni & Vich-Llompart, M. Magdalena, 2024. "The international linkages of market risk perception," Journal of Multinational Financial Management, Elsevier, vol. 72(C).
    528. Wenting Song & Samuel Stern, 2022. "Firm Inattention and the Efficacy of Monetary Policy: A Text-Based Approach," Staff Working Papers 22-3, Bank of Canada.
    529. Madalen Castells Jauregui & Dmitry Kuvshinov & Bjoern Richter & Victoria Vanasco, 2024. "Sectoral dynamics of safe assets in advanced economies," Economics Working Papers 1884, Department of Economics and Business, Universitat Pompeu Fabra, revised Apr 2025.
    530. Gabriel, Ricardo Duque & Klein, Mathias & Pessoa, Sofia, 2022. "The Political Costs of Austerity," Working Paper Series 418, Sveriges Riksbank (Central Bank of Sweden).
    531. Yasin Kursat Onder & Mauricio Villamizar-Villegas, 2015. "Simultaneous Monetary Policies in the Context of the Trilemma: Evidence from the Central Bank of Turkey," Borradores de Economia 893, Banco de la Republica de Colombia.
    532. Bill Dupor & Guerrero Rodrigo, 2017. "The Aggregate and Relative Economic Effects of Government Financed Health Care," Working Papers 2017-27, Federal Reserve Bank of St. Louis.
    533. Simona Lorena Comi & Elena Cottini & Claudio Lucifora, 2020. "The effect of retirement on social relationships: new evidence from SHARE," DISCE - Working Papers del Dipartimento di Economia e Finanza def088, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    534. Uluc Aysun, 2006. "Automatic Stabilizer Feature of Fixed Exchange Rate Regimes in Emerging Markets," Working papers 2006-27, University of Connecticut, Department of Economics, revised Aug 2008.
    535. Kiyotaka Nakashima & Masahiko Shibamoto & Koji Takahashi, 2017. "Risk-Taking Channel of Unconventional Monetary Policies in Bank Lending," Discussion Paper Series DP2017-24, Research Institute for Economics & Business Administration, Kobe University, revised Apr 2019.
    536. Wächter, Maybrit & Proano, Christian & Peña, Juan Carlos, 2024. "How fitting is "one-size-fits-all"? Revisiting the dynamic effects of ECB's interest policy on euro area countries," BERG Working Paper Series 199, Bamberg University, Bamberg Economic Research Group.
    537. Tenreyro, Silvana & Thwaites, Gregory, 2015. "Pushing on a String: US Monetary Policy is Less Powerful in Recessions," CEPR Discussion Papers 10786, C.E.P.R. Discussion Papers.
    538. Abhimanyu Gupta & Myung Hwan Seo, 2019. "Robust Inference on Infinite and Growing Dimensional Time Series Regression," Papers 1911.08637, arXiv.org, revised Apr 2023.
    539. Leonardo Melosi & Francesco Zanetti, 2022. "The Signaling Effects of Fiscal Announcements," Working Paper Series WP 2022-38, Federal Reserve Bank of Chicago.
    540. Régis Barnichon & Christian Matthes & Alexander Ziegenbein, 2016. "Theory Ahead of Measurement? Assessing the Nonlinear Effects of Financial Market Disruptions," Working Paper 16-15, Federal Reserve Bank of Richmond.
    541. International Monetary Fund, 2018. "Uruguay: Selected Issues," IMF Staff Country Reports 2018/024, International Monetary Fund.
    542. Immaculate Machasio & Peter Tillmann, 2016. "Remittance Infl ows and State-Dependent Monetary Policy Transmission in Developing Countries," MAGKS Papers on Economics 201638, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    543. Nadav Ben Zeev, 2019. "Adjustable-Rate Mortgages, Systematic Monetary Policy, And The Root Cause Of The Financial Crisis," Working Papers 1908, Ben-Gurion University of the Negev, Department of Economics.
    544. Jakub Mućk & Łukasz Postek, 2023. "Supply chains shocks and inflation in Europe," KAE Working Papers 2023-094, Warsaw School of Economics, Collegium of Economic Analysis.
    545. Balduzzi, Pierluigi & Brancati, Emanuele & Brianti, Marco & Schiantarelli, Fabio, 2020. "Populism, Political Risk and the Economy: Lessons from Italy," IZA Discussion Papers 12929, Institute of Labor Economics (IZA).
    546. Tomoo INOUE & Tatsuyoshi OKIMOTO, 2022. "Exploring the Dynamic Relationship between Mobility and the Spread of COVID-19, and the Role of Vaccines," Discussion papers 22011, Research Institute of Economy, Trade and Industry (RIETI).
    547. Wataru Miyamoto & Thuy Lan Nguyen & Dmitry Sergeyev, 2023. "How Oil Shocks Propagate: Evidence on the Monetary Policy Channel," Working Paper Series 2024-06, Federal Reserve Bank of San Francisco.
    548. Müller, Gernot & Enders, Zeno & Kleemann, Michael, 2016. "Growth expectations, undue optimism, and short-run fluctuations," CEPR Discussion Papers 11521, C.E.P.R. Discussion Papers.
    549. Santiago Camara & Sebastian Ramirez Venegas, 2022. "The Transmission of US Monetary Policy Shocks: The Role of Investment & Financial Heterogeneity," Papers 2209.11150, arXiv.org.
    550. Noel Rapa, 2021. "Mitigation measures, prevalence response and public mobility during the COVID-19 emergency," CBM Working Papers WP/03/2021, Central Bank of Malta.
    551. Altavilla, Carlo & Gürkaynak, Refet S. & Quaedvlieg, Rogier, 2024. "Macro and micro of external finance premium and monetary policy transmission," Working Paper Series 2934, European Central Bank.
    552. Ryan R. Brady, 2007. "Measuring the diffusion of housing prices across space and over time," Departmental Working Papers 19, United States Naval Academy Department of Economics.
    553. Kerstin Bernoth & Helmut Herwartz & Lasse Trienens, 2023. "The Impacts of Global Risk and US Monetary Policy on US Dollar Exchange Rates and Excess Currency Returns," Discussion Papers of DIW Berlin 2037, DIW Berlin, German Institute for Economic Research.
    554. Elien Meuleman & Rudi Vander Vennet, 2020. "Macroprudential policy, monetary policy and Eurozone bank risk," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 20/1004, Ghent University, Faculty of Economics and Business Administration.
    555. Jae Won Lee & Seunghyeon Lee, 2025. "Monetary Non-Neutrality in a Multisector Economy: The Role of Risk-Sharing," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 55, January.
    556. Jun Hee Kwak, 2025. "A Causal Linkage: Corporate Debt and Sovereign Spreads," Empirical Economics, Springer, vol. 68(4), pages 1567-1611, April.
    557. Hall, Alastair R. & Inoue, Atsushi & Nason, James M. & Rossi, Barbara, 2012. "Information criteria for impulse response function matching estimation of DSGE models," Journal of Econometrics, Elsevier, vol. 170(2), pages 499-518.
    558. Otilia Boldea & Alastair R. Hall, 2025. "Testing for multiple change-points in macroeconometrics: an empirical guide and recent developments," Papers 2507.22204, arXiv.org.
    559. Björklund, Maria & Carlsson, Mikael & Nordström Skans, Oskar, 2019. "Fixed Wage Contracts and Monetary Non-Neutrality," Working Paper Series 368, Sveriges Riksbank (Central Bank of Sweden).
    560. Pelli, Martino & Tschopp, Jeanne, 2025. "Storms, early education and human capital," Journal of Environmental Economics and Management, Elsevier, vol. 130(C).
    561. Karsten Staehr & Lenno Uusküla, 2020. "Macroeconomic and macro-financial factors as leading indicators of non-performing loans," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 48(3), pages 720-740, February.
    562. Sophie Brana & Quentin Bro de Comères & Anne-Gaël Vaubourg, 2024. "How Do Analyst Recommendations on Banks Respond to Monetary Policy News? An Application to the Eurozone," Post-Print hal-04986898, HAL.
    563. Barnichon, Regis & Matthes, Christian, 2018. "Functional Approximation of Impulse Responses," Journal of Monetary Economics, Elsevier, vol. 99(C), pages 41-55.
    564. Carrillo Julio A. & García Ana Laura, 2021. "The COVID-19 Economic Crisis in Mexico through the Lens of a Financial Conditions Index," Working Papers 2021-23, Banco de México.
    565. Ferrara, Laurent & Karadimitropoulou, Aikaterini & Triantafyllou, Athanasios, 2024. "Oil jump tail risk as a driver of inflation dynamics," Journal of Commodity Markets, Elsevier, vol. 36(C).
    566. David Argente & Salomé Baslandze & Douglas Hanley & Sara Moreira, 2020. "Patents to Products: Product Innovation and Firm Dynamics," FRB Atlanta Working Paper 2020-4, Federal Reserve Bank of Atlanta.
    567. Boehnert, Lukas & de Ferra, Sergio & Mitman, Kurt & Romei, Federica, 2025. "Monetary Policy in Currency Unions with Unequal Countries," IZA Discussion Papers 17950, Institute of Labor Economics (IZA).
    568. Castells-Jauregui, Madalen & Kuvshinov, Dmitry & Richter, Björn & Vanasco, Victoria, 2025. "Foreign demand for safety and macroeconomic instability," Working Paper Series 3126, European Central Bank.
    569. Beckmann, Joscha & Boonman, Tjeerd M., 2022. "Expectations, disagreement and exchange rate pressure," Economics Letters, Elsevier, vol. 212(C).
    570. Coman, Andra, 2023. "Monetary policy spillovers and the role of prudential policies in the European Union," Working Paper Series 2854, European Central Bank.
    571. Karadi, Peter & Schoenle, Raphael & Wursten, Jesse, 2021. "Measuring price selection in microdata: it’s not there," Working Paper Series 2566, European Central Bank.
    572. Douglas Sutherland & Peter Hoeller, 2014. "Growth Policies and Macroeconomic Stability," OECD Economic Policy Papers 8, OECD Publishing.
    573. Ben Zeev, Nadav & Pappa, Evi, 2015. "Multipliers of unexpected increases in defense spending: An empirical investigation," Journal of Economic Dynamics and Control, Elsevier, vol. 57(C), pages 205-226.
    574. Mehdi El Herradi & Aurélien Leroy, 2021. "Monetary Policy and the Top 1%: Evidence from a Century of Modern Economic History," Post-Print hal-03513433, HAL.
    575. Holter, Hans & Stepanchuk, Serhiy & Wang, Yicheng, 2023. "Taxation and Entrepreneurship in the United States," Memorandum 2/2023, Oslo University, Department of Economics.
    576. Jan Philipp Fritsche & Lea Steininger, 2021. "Zooming in on Monetary Policy - The Labor Share and Production Dynamics of Two Million Firms," Discussion Papers of DIW Berlin 1967, DIW Berlin, German Institute for Economic Research.
    577. Cynthia L. Doniger, 2019. "Do Greasy Wheels Curb Inequality?," Finance and Economics Discussion Series 2019-021, Board of Governors of the Federal Reserve System (U.S.).
    578. Banerjee, Ryan N. & Mio, Hitoshi, 2018. "The impact of liquidity regulation on banks," Journal of Financial Intermediation, Elsevier, vol. 35(PB), pages 30-44.
    579. Elias Hasler, 2025. "Assessing the Global Impact of EU Carbon Pricing: Economic and Climate Spillovers," Working Papers 2025-01, Faculty of Economics and Statistics, Universität Innsbruck.
    580. Christian Bredemeier & Falko Juessen & Andreas Schabert, 2021. "Why Are Fiscal Multipliers Moderate Even Under Monetary Accommodation?," ECONtribute Discussion Papers Series 074, University of Bonn and University of Cologne, Germany.
    581. Natoli, Filippo, 2022. "Temperature surprise shocks," MPRA Paper 112568, University Library of Munich, Germany.
    582. Nadav Ben Zeev & Valerie A. Ramey & Sarah Zubairy, 2023. "Do Government Spending Multipliers Depend on the Sign of the Shock?," AEA Papers and Proceedings, American Economic Association, vol. 113, pages 382-387, May.
    583. Leonardo Nogueira Ferreira, 2023. "Monetary Policy Surprises, Financial Conditions, and the String Theory Revisited," Working Papers Series 573, Central Bank of Brazil, Research Department.
    584. Nadezhda Ivanova & Ekaterina Petreneva & Konstantin Styrin & Yulia Ushakova, 2023. "The Effect of US Monetary Policy on the Activities of Russian Banks in the Low Interest Rate Environment," Bank of Russia Working Paper Series wps114, Bank of Russia.
    585. Alloza, Mario, 2016. "Is fiscal policy more effective in uncertain times or during recessions?," LSE Research Online Documents on Economics 86179, London School of Economics and Political Science, LSE Library.
    586. Jonathan Adams & Philip Barrett, 2024. "Shocks to Inflation Expectations," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 54, October.
    587. Amit Roy & Pu Chen & Willi Semmler, 2025. "Carbon Tax Versus Renewable Energy Innovation: Theoretical Insights and Empirical Evidence," Environmetrics, John Wiley & Sons, Ltd., vol. 36(3), April.
    588. Ginn, William, 2023. "The impact of economic policy uncertainty on stock prices," Economics Letters, Elsevier, vol. 233(C).
    589. Goemans, Pascal & Belke, Ansgar, 2019. "Uncertainty and non-linear macroeconomic effects of fiscal policy in the US: A SEIVAR-based analysis," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203538, Verein für Socialpolitik / German Economic Association.
    590. Pedro A. Lima & Carlos M. Carvalho & Hedibert F. Lopes & Andrew Herren, 2025. "Minnesota BART," Papers 2503.13759, arXiv.org.
    591. Gulcin Kendirkiran & Furkan Emirmahmutoglu, 2022. "Does Change over Time the Causal Relationship between Economic Growth and Foreign Trade in Turkey?," EKOIST Journal of Econometrics and Statistics, Istanbul University, Faculty of Economics, vol. 0(36), pages 43-62, June.
    592. Michael T. Owyang & Valerie A. Ramey & Sarah Zubairy, 2013. "Are government spending multipliers greater during periods of slack? evidence from 20th century historical data," Working Papers 2013-004, Federal Reserve Bank of St. Louis.
    593. Ferrara, Laurent & Metelli, Luca & Natoli, Filippo & Siena, Daniele, 2021. "Questioning the puzzle: Fiscal policy, real exchange rate and inflation," Journal of International Economics, Elsevier, vol. 133(C).
    594. Marco Flaccadoro & Stefania Villa, 2025. "Global risk aversion and the term premium gap in emerging market economies," Temi di discussione (Economic working papers) 1493, Bank of Italy, Economic Research and International Relations Area.
    595. Rangan Gupta & Godwin Olasehinde-Williams & Mark E. Wohar, 2018. "The Impact of US Uncertainty Shocks on a Panel of Advanced and Emerging Market Economies: The Role of Exchange Rate, Trade and Financial Channels," Working Papers 201857, University of Pretoria, Department of Economics.
    596. Cristina Conflitti & Riemer P. Faber & Brian Fabo & Ludmila Fadejeva & Erwan Gautier & Valentin Jouvanceau & Jan-Oliver Menz & Teresa Messner & Pavlos Petroulas & Pau Roldan-Blanco & Fabio Rumler & Se, 2022. "New Facts on Consumer Price Rigidity in the Euro Area (Erwan Gautier, Cristina Conflitti, Riemer P. Faber, Brian Fabo, Ludmila Fadejeva, Valentin Jouvanceau, Jan-Oliver Menz, Teresa Messner, Pavlos Pe," Working Papers 240, Oesterreichische Nationalbank (Austrian Central Bank).
    597. Lipowski, Cäcilia & Salomons, Anna & Zierahn-Weilage, Ulrich, 2024. "Expertise at work: New technologies, new skills, and worker impacts," ZEW Discussion Papers 24-044, ZEW - Leibniz Centre for European Economic Research.
    598. Chang Liu & Yinxi Xie, 2023. "Understanding Inflation Dynamics: The Role of Government Expenditures," Staff Working Papers 23-30, Bank of Canada.
    599. Faccia, Donata & Parker, Miles & Stracca, Livio, 2021. "Feeling the heat: extreme temperatures and price stability," Working Paper Series 2626, European Central Bank.
    600. Cl aud, G. & Matthieu Lemoine & Pionnier, P.-A., 2013. "Which size and evolution of the government expenditure multiplier in France (1980-2010)?," Working papers 469, Banque de France.
    601. Petreski, Marjan & Tanevski, Stefan & Jacobo, Alejandro D., 2025. "Monetary policy and labor market dynamics: A gender perspective from developing economies," Journal of Policy Modeling, Elsevier, vol. 47(5), pages 999-1020.
    602. Romain Duval & Davide Furceri, 2018. "The Effects of Labor and Product Market Reforms: The Role of Macroeconomic Conditions and Policies," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(1), pages 31-69, March.
    603. Hiroaki Miyamoto, 2024. "Fiscal policy in the post pandemic," International Journal of Economic Policy Studies, Springer, vol. 18(2), pages 529-546, August.
    604. Marinelli Gaston, 2025. "Global Dollar Shocks and Spillovers into EMDEs: The Channels of Commodity Prices and Country Risk," Asociación Argentina de Economía Política: Working Papers 4818, Asociación Argentina de Economía Política.
    605. Raphaël Chiappini & Bertrand Groslambert & Olivier Bruno, 2024. "A method to measure bank output while excluding credit risk and retaining liquidity effects," Post-Print hal-04452785, HAL.
    606. Hristov, Nikolay & Roth, Markus, 2022. "Uncertainty shocks and systemic-risk indicators," Journal of International Money and Finance, Elsevier, vol. 122(C).
    607. Makram El-Shagi & Steven Yamarik, 2024. "The Effect of Monetary Policy Shocks on Income Inequality across US states," CFDS Discussion Paper Series 2024/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    608. Pavel Kapinos, 2021. "Paycheck Protection Program: County-Level Determinants and Effect on Unemployment," Working Papers 2105, Federal Reserve Bank of Dallas.
    609. Quinlan Lee, 2025. "Nonlinear Forecast Error Variance Decompositions with Hermite Polynomials," Papers 2503.11416, arXiv.org, revised Oct 2025.
    610. Schularick, Moritz & Richter, Björn & Shim, Ilhyock, 2018. "The Costs of Macroprudential Policy," CEPR Discussion Papers 13124, C.E.P.R. Discussion Papers.
    611. Mounir Ben Mbarek & Samia Nasreen & Rochdi Feki, 2017. "The contribution of nuclear energy to economic growth in France: short and long run," Quality & Quantity: International Journal of Methodology, Springer, vol. 51(1), pages 219-238, January.
    612. Dalia Ghanem & Aaron Smith, 2022. "Causality in structural vector autoregressions: Science or sorcery?," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(3), pages 881-904, May.
    613. Favero, Carlo A. & Giavazzi, Francesco & Alesina, Alberto, 2019. "Effects of Austerity: Expenditure- and Tax-based Approaches," CEPR Discussion Papers 13565, C.E.P.R. Discussion Papers.
    614. Bernardino Adão & Sandra Gomes & Laura Alpizar, 2025. "On how to assess the impact of monetary policy," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    615. K. Azim Ozdemir, 2015. "Interest Rate Surprises and Transmission Mechanism in Turkey: Evidence from Impulse Response Analysis," Working Papers 1504, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    616. Macaulay, Alistair & Song, Wenting, 2022. "Narrative-Driven Fluctuations in Sentiment: Evidence Linking Traditional and Social Media," MPRA Paper 113620, University Library of Munich, Germany.
    617. Coman, Andra & Lloyd, Simon P., 2019. "In the face of spillovers: prudential policies in emerging economies," Working Paper Series 2339, European Central Bank.
    618. Òscar Jordà, 2025. "Comment on "Local Projections or VARs? A Primer for Macroeconomists" 2," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, National Bureau of Economic Research, Inc.
    619. Den Haan, Wouter & Cai, Xiaoming, 2009. "Predicting recoveries and the importance of using enough information," CEPR Discussion Papers 7508, C.E.P.R. Discussion Papers.
    620. Sami Alpanda & Sarah Zubairy, 2019. "Household Debt Overhang and Transmission of Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(5), pages 1265-1307, August.
    621. Zhang, Zhongxia, 2025. "Does inflation targeting track record matter for asset prices? Evidence from stock, bond, and foreign exchange markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 101(C).
    622. Martina Cecioni, 2018. "ECB monetary policy and the euro exchange rate," Temi di discussione (Economic working papers) 1172, Bank of Italy, Economic Research and International Relations Area.
    623. Mary C. Daly & John G. Fernald & Òscar Jordà & Fernanda Nechio, 2013. "Shocks and Adjustments," Working Paper Series 2013-32, Federal Reserve Bank of San Francisco.
    624. Ben Zeev, Nadav, 2019. "Global credit supply shocks and exchange rate regimes," Journal of International Economics, Elsevier, vol. 116(C), pages 1-32.
    625. Andrejs Zlobins, 2025. "Monetary Policy Transmission in the Euro Area: Is this Time Different? Chapter I: Lags and Strength," Working Papers 2025/01, Latvijas Banka.
    626. Pervin, Shahida, 2018. "Dynamics and Interactions of Monetary Policy and Macroeconomic Variables: Empirical Investigation in the UK Economy with Bayesian VAR," MPRA Paper 91816, University Library of Munich, Germany.
    627. Santiago Camara & Jeanne Aublin, 2025. "In-between Transatlantic (Monetary) Disturbances," Papers 2509.13578, arXiv.org.
    628. Johannes Matschke, 2022. "Effective Downward Nominal Wage Rigidities," Research Working Paper RWP 22-10, Federal Reserve Bank of Kansas City, revised 10 Jul 2024.
    629. Baumann, Ursel & Darracq Pariès, Matthieu & Westermann, Thomas & Riggi, Marianna & Bobeica, Elena & Meyler, Aidan & Böninghausen, Benjamin & Fritzer, Friedrich & Trezzi, Riccardo & Jonckheere, Jana & , 2021. "Inflation expectations and their role in Eurosystem forecasting," Occasional Paper Series 264, European Central Bank.
    630. Rojas Alvarado,Luis Diego & Vegh,Carlos & Vuletin,Guillermo Javier, 2022. "The Macroeconomic Effects of Macroprudential Policy : Evidence from a Narrative Approach," Policy Research Working Paper Series 10145, The World Bank.
    631. Tracey, Belinda & Sowerbutts, Rhiannon, 2025. "How do banks respond to misconduct costs?," Journal of Banking & Finance, Elsevier, vol. 178(C).
    632. Gino Cenedese & Ilaf Elard, 2018. "Unconventional monetary policy and the portfolio choice of international mutual funds," Bank of England working papers 705, Bank of England.
    633. Maximilian Grimm, 2024. "The Effect of Monetary Policy on Systemic Bank Funding Stability," ECONtribute Discussion Papers Series 341, University of Bonn and University of Cologne, Germany.
    634. Jean-Pascal Nganou & Juste Some & Guy Tchuente, 2016. "Government Spending Multipliers in Natural Resource-Rich Developing Countries," Studies in Economics 1609, School of Economics, University of Kent.
    635. Ryan Brady, 2013. "The Spatial Diffusion of Regional Housing Prices across U.S. States," Departmental Working Papers 45, United States Naval Academy Department of Economics.
    636. James Cloyne & Òscar Jordà & Alan M. Taylor, 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," Working Paper Series 2023-05, Federal Reserve Bank of San Francisco.
    637. Pedro Bordalo & Nicola Gennaioli & Rafael La Porta & Matthew OBrien & Andrei Shleifer, 2023. "Long-Term Expectations and Aggregate Fluctuations," NBER Chapters, in: NBER Macroeconomics Annual 2023, volume 38, pages 311-347, National Bureau of Economic Research, Inc.
    638. Bryan Harcy & Can Sever, 2020. "Financial Crises and Innovation," BIS Working Papers 846, Bank for International Settlements.
    639. Carola Frydman & Dimitris Papanikolaou, 2015. "In Search of Ideas: Technological Innovation and Executive Pay Inequality," NBER Working Papers 21795, National Bureau of Economic Research, Inc.
    640. Giancarlo Corsetti & Keith Kuester & Gernot J. Müller & Sebastian Schmidt, 2021. "The Exchange Rate Insulation Puzzle," ECONtribute Discussion Papers Series 060, University of Bonn and University of Cologne, Germany.
    641. Nils Herger, 2020. "An Empirical Assessment of the Swedish Bullionist Controversy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 122(3), pages 911-936, July.
    642. Leonardo Marinho, 2022. "Causal Impulse Responses for Time Series," Working Papers Series 570, Central Bank of Brazil, Research Department.
    643. Kopecky, Joseph & Campbell, Douglas & Brodeur, Abel & Johannesson, Magnus & Lusher, Lester & Tsoy, Nikita, 2024. "Robustness Report on "Discretionary Tax Changes and the Macroeconomy: New Narrative Evidence from the United Kingdom", by James Cloyne (2013)," I4R Discussion Paper Series 132, The Institute for Replication (I4R).
    644. Ulf Nielsson & Jesper Rangvid & Farzad Saidi & Fabian Seyrich & Daniel Streitz, 2025. "Empirical Monetary-Fiscal Equivalence," ECONtribute Discussion Papers Series 367, University of Bonn and University of Cologne, Germany.
    645. Galina Hale & John C. Leer & Fernanda Nechio, 2023. "Inflationary Effects of Fiscal Support to Households and Firms," NBER Working Papers 30906, National Bureau of Economic Research, Inc.
    646. Itamar Caspi & Amit Friedman & Sigal Ribon, 2024. "Shocks and Currents: Monetary Policy and Israel’s Foreign Exchange Market," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 66(3), pages 454-481, September.
    647. Francesco Pappadà & Yanos Zylberberg, 2025. "The Dynamics of Informality and Fiscal Policy under Sovereign Risk," Bristol Economics Discussion Papers 25/795, School of Economics, University of Bristol, UK.
    648. Dalibor Stevanovic, 2015. "Factor augmented autoregressive distributed lag models with macroeconomic applications," CIRANO Working Papers 2015s-33, CIRANO.
    649. Mauricio Stern, 2025. "Windfalls for All? International Elasticities and Dutch Disease in a Commodity Exporting Economy," Working Papers 2025-06, Banco de México.
    650. François Gourio & Todd Messer & Michael Siemer, 2016. "Firm Entry and Macroeconomic Dynamics: A State-level Analysis," Finance and Economics Discussion Series 2016-043, Board of Governors of the Federal Reserve System (U.S.).
    651. Qing, He & Korhonen, Iikka & Zongxin, Qian, 2017. "Monetary policy transmission with two exchange rates and a single currency: The Chinese experience," BOFIT Discussion Papers 14/2017, Bank of Finland Institute for Emerging Economies (BOFIT).
    652. Taylor, Alan M. & Jordà , Òscar & Singh, Sanjay, 2020. "Longer-run economic consequences of pandemics," CEPR Discussion Papers 14543, C.E.P.R. Discussion Papers.
    653. Natsuki Arai & Masashige Hamano & Munechika Katayama & Yuki Murakami & Katsunori Yamada, 2025. "Nightless City: Impacts of Politicians' Questions on Overtime Work of Bureaucrats," Working Papers e215, Tokyo Center for Economic Research.
    654. Panagiotis Konstantinou & Anastasios Rizos & Artemis Stratopoulou, 2023. "The dynamic effect of macroprudential policies on income inequality: some evidence," Economics and Business Letters, Oviedo University Press, vol. 12(3), pages 248-265.
    655. Cichocki, Stanisław & Gradzewicz, Michał & Tyrowicz, Joanna, . "Wrażliwość zatrudnienia na zmiany PKB w Polsce a elastyczność instytucji rynku pracy," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2015(4).
    656. Venditti, Fabrizio & Veronese, Giovanni, 2020. "Global financial markets and oil price shocks in real time," Working Paper Series 2472, European Central Bank.
    657. Roberto Casarin & Antonio Peruzzi & Davide Raggi, 2025. "Multiple Equilibria and the Phillips Curve: Do Agents Always Underreact?," Working Papers 2025: 10, Department of Economics, University of Venice "Ca' Foscari".
    658. Gerald Carlino & Thorsten Drautzburg & Robert P. Inman & Nicholas Zarra, 2021. "Partisanship and Fiscal Policy in Economic Unions: Evidence from U.S. States," NBER Working Papers 28425, National Bureau of Economic Research, Inc.
    659. Afonso, António & Jalles, João Tovar, 2019. "The Fiscal consequences of deflation: Evidence from the Golden Age of Globalization," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 129-147.
    660. Oscar Jorda & Moritz HP. Schularick & Alan M. Taylor, 2014. "Sovereigns versus Banks: Credit, Crises and Consequences," Working Papers Series 3, Institute for New Economic Thinking.
    661. Schularick, Moritz & Trebesch, Christoph & Funke, Manuel, 2015. "Going to Extremes: Politics after Financial Crises, 1870-2014," CEPR Discussion Papers 10884, C.E.P.R. Discussion Papers.
    662. Özer Karagedikli & Rishab Sethi & Christie Smith & Aaron Drew, 2008. "Changes in the transmission mechanism of monetary policy in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2008/03, Reserve Bank of New Zealand.
    663. Poghosyan, Tigran, 2020. "How effective is macroprudential policy? Evidence from lending restriction measures in EU countries," Journal of Housing Economics, Elsevier, vol. 49(C).
    664. Flaccadoro, Marco, 2024. "Exchange rate pass-through in small, open, commodity-exporting economies: Lessons from Canada," Journal of International Economics, Elsevier, vol. 148(C).
    665. Banerjee, Ryan & Zampolli, Fabrizio, 2019. "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," Economic Modelling, Elsevier, vol. 82(C), pages 420-436.
    666. Joshua Aizenman & Daniel Riera-Crichton, 2015. "Desafíos del Manejo de la Liquidez y de los Activos Internacionales en Latinoamérica," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 18(2), pages 62-96, August.
    667. Furceri, Davide & Zdzienicka, Aleksandra, 2012. "Banking Crises and Short and Medium Term Output Losses in Emerging and Developing Countries: The Role of Structural and Policy Variables," World Development, Elsevier, vol. 40(12), pages 2369-2378.
    668. Eric Monnet & Miklos Vari, 2023. "A Dilemma between Liquidity Regulation and Monetary Policy: Some History and Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 915-944, June.
    669. Bahadir, Berrak & De, Kuhelika & Lastrapes, William D., 2020. "Household debt, consumption and inequality," Journal of International Money and Finance, Elsevier, vol. 109(C).
    670. Alessio Anzuini & Patrizio Pagano & Massimiliano Pisani, 2007. "Oil supply news in a VAR: Information from financial markets," Temi di discussione (Economic working papers) 632, Bank of Italy, Economic Research and International Relations Area.
    671. Wu, Jyh-Lin & Lee, Chingnun & Wang, Tzu-Wei, 2011. "A re-examination on dissecting the purchasing power parity puzzle," Journal of International Money and Finance, Elsevier, vol. 30(3), pages 572-586, April.
    672. Oliver Hülsewig & Armin Steinbach, 2024. "Banking Regulation and Sovereign Default Risk: How Regulation Undermines Rules," CESifo Working Paper Series 11190, CESifo.
    673. Martin Harding & Mathias Klein, 2022. "Monetary policy and household net worth," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 125-151, April.
    674. Niko Hauzenberger & Florian Huber & Karin Klieber & Massimiliano Marcellino, 2024. "Machine Learning the Macroeconomic Effects of Financial Shocks," Papers 2412.07649, arXiv.org.
    675. Costanza Naguib & Martino Pelli & David Poirier & Jeanne Tschopp, 2022. "The Impact of Cyclones on Local Economic Growth: Evidence from Local Projections," CIRANO Working Papers 2022s-26, CIRANO.
    676. Arango-Castillo Lenin & Mart'inez-Ram'irez Francisco, 2025. "The effects of temperature and rainfall anomalies on Mexican inflation," Papers 2507.14420, arXiv.org.
    677. Stephenson Strobel, 2023. "Waiting for Dr. Godot: how much and who responds to predicted health care wait times?," Papers 2309.13219, arXiv.org.
    678. Salomons, Anna & vom Baur, Cäcilia & Zierahn-Weilage, Ulrich, 2025. "Expertise at Work: New Technologies, New Skills, and Worker Impacts," IZA Discussion Papers 18248, Institute of Labor Economics (IZA).
    679. Cheng, Gong & Díaz Cassou, Javier & Erce, Aitor, 2017. "From Debt Collection to Relief Provision: 60 Years of Official Debt Restructurings through the Paris Club," IDB Publications (Working Papers) 8081, Inter-American Development Bank.
    680. Stephen Snudden, 2024. "Don’t Ruin the Surprise: Temporal Aggregation Bias in Structural Innovations," LCERPA Working Papers jc0149, Laurier Centre for Economic Research and Policy Analysis, revised Nov 2024.
    681. Roberta Distante & Ivan Petrella & Emiliano Santoro, 2013. "Asymmetry Reversals and the Business Cycle," Working Papers 2013.54, Fondazione Eni Enrico Mattei.
    682. Klein, Mathias & Zhang, Xin, 2025. "The Inflationary Effects of Quantitative Easing," Working Paper Series 447, Sveriges Riksbank (Central Bank of Sweden).
    683. de Ridder, M. & Pfajfar, D., 2017. "Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks," Cambridge Working Papers in Economics 1717, Faculty of Economics, University of Cambridge.
    684. Salvatore Perdichizzi, 2017. "Estimating Fiscal multipliers in the Eurozone. A Nonlinear Panel Data Approach," DISCE - Working Papers del Dipartimento di Economia e Finanza def058, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    685. Davis, Richard & Ng, Serena, 2023. "Time series estimation of the dynamic effects of disaster-type shocks," Journal of Econometrics, Elsevier, vol. 235(1), pages 180-201.
    686. Cynthia L. Doniger, 2021. "The Ways the Cookie Crumbles: Education and the Margins of Cyclical Adjustment in the Labor Market," Finance and Economics Discussion Series 2021-019, Board of Governors of the Federal Reserve System (U.S.).
    687. Mody, Ashoka & Nedeljkovic, Milan, 2024. "Central bank policies and financial markets: Lessons from the euro crisis," Journal of Banking & Finance, Elsevier, vol. 158(C).
    688. Claudio Borio & Enisse Kharroubi & Christian Upper & Fabrizio Zampolli, 2016. "Labour reallocation and productivity dynamics: financial causes, real consequences," BIS Working Papers 534, Bank for International Settlements.
    689. Frédéric Vinas, 2025. "Oil Shocks and their Impact on Corporate Profitability, Productivity, and Credit Risk: Firm-Level Evidence Over Two Decades," Working papers 989, Banque de France.
    690. Daragh Clancy & Lorenzo Ricci, 2019. "Loss aversion, economic sentiments and international consumption smoothing," Working Papers 35, European Stability Mechanism.
    691. Byrne, David & Kelly, Robert, 2019. "Monetary policy expectations and risk-taking among U.S. banks," Research Technical Papers 6/RT/19, Central Bank of Ireland.
    692. Mankart, Jochen & Priftis, Romanos & Oikonomou, Rigas, 2024. "The long and short of financing government spending," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302414, Verein für Socialpolitik / German Economic Association.
    693. Teimouri, Sheida & Zietz, Joachim, 2017. "Economic costs of alternative monetary policy responses to speculative currency attacks," Journal of International Money and Finance, Elsevier, vol. 73(PB), pages 419-434.
    694. Newton, David & Platanakis, Emmanouil & Stafylas, Dimitrios & Sutcliffe, Charles & Ye, Xiaoxia, 2021. "Hedge fund strategies, performance &diversification: A portfolio theory & stochastic discount factor approach," The British Accounting Review, Elsevier, vol. 53(5).
    695. Georgios Georgiadis, 2016. "To bi, or not to bi? Differences in Spillover Estimates from Bilateral and Multilateral Multi-country Models," EcoMod2016 9145, EcoMod.
    696. Kaufmann, Christoph & Leyva, Jaime & Storz, Manuela, 2024. "Insurance corporations’ balance sheets, financial stability and monetary policy," Working Paper Series 2892, European Central Bank.
    697. Mr. Lorenzo E. Bernal-Verdugo & Davide Furceri & Mr. Dominique M. Guillaume, 2013. "The Dynamic Effect of Social and Political Instability on Output: The Role of Reforms," IMF Working Papers 2013/091, International Monetary Fund.
    698. Ryan Banerjee & Aaron Mehrotra, 2023. "Unanticipated and Backward-Looking: Deflations and the Behavior of Inflation Expectations," International Journal of Central Banking, International Journal of Central Banking, vol. 19(4), pages 41-83, October.
    699. Checherita-Westphal, Cristina & Pesso, Tom, 2024. "Fiscal policy and inflation: accounting for non-linearities in government debt," Working Paper Series 2996, European Central Bank.
    700. Atsushi Inoue & Òscar Jordà & Guido M. Kuersteiner, 2023. "Significance Bands for Local Projections," Working Paper Series 2023-15, Federal Reserve Bank of San Francisco.
    701. Carlsson, Mikael, 2025. "Does economic policy matter? A note on the narrative approach and exact inference," Economics Letters, Elsevier, vol. 251(C).
    702. Pablo Hernández de Cos & Enrique Moral-Benito, 2016. "Fiscal multipliers in turbulent times: the case of Spain," Empirical Economics, Springer, vol. 50(4), pages 1589-1625, June.
    703. Taylor, Alan M. & Schularick, Moritz & Jordà , Òscar, 2015. "Leveraged Bubbles," CEPR Discussion Papers 10781, C.E.P.R. Discussion Papers.
    704. Wix, Carlo, 2017. "The long-run real effects of banking crises: Firm-level investment dynamics and the role of wage rigidity," SAFE Working Paper Series 189, Leibniz Institute for Financial Research SAFE.
    705. Wenli Li & Edison Yu, 2022. "Real Estate Taxes and Home Value: Evidence from TCJA," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 125-151, January.
    706. Paolo Varraso, 2025. "Banks’ Maturity Choices and the Transmission of Interest-Rate Risk," CEIS Research Paper 616, Tor Vergata University, CEIS, revised 11 Oct 2025.
    707. Myunghyun Kim, 2022. "Transmission of U.S. Monetary Policy to Commodity Exporters and Importers," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 43, pages 152-167, January.
    708. Michael D. Bordo & Oliver Bush & Bank of England, 2025. ""Muddling Through or Tunnelling Through?" UK Monetary and Fiscal Exceptionalism and The Great Inflation," Working Papers 347, Princeton University, Department of Economics, Center for Economic Policy Studies..
    709. Madalen Castells Jauregui & Björn Richter & Dmitry Kuvshinov & Victoria Vanasco, 2024. "Foreign Demand for Safety and Macroeconomic Instability," Working Papers 1438, Barcelona School of Economics.
    710. Alpanda, Sami & Granziera, Eleonora & Zubairy, Sarah, 2019. "State dependence of monetary policy across business, credit and interest rate cycles," Bank of Finland Research Discussion Papers 16/2019, Bank of Finland.
    711. Pedro Henrique da Silva Castro, 2019. "Earmarked Credit and Monetary Policy Power: micro and macro considerations," Working Papers Series 505, Central Bank of Brazil, Research Department.
    712. André Diniz, 2018. "Effects of Fiscal Consolidations in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(4), pages 694-731, December.
    713. Magdalena Cornejo & Michelle Hallack & Matias David, 2024. "The Transition to Renewables: Dampening the Impact of Fossil Fuel Price Shocks on Local Inflation," Working Papers 345, Red Nacional de Investigadores en Economía (RedNIE).
    714. Ashoka Mody & Milan Nedeljkovic, 2018. "Central Bank Policies and Financial Markets: Lessons from the Euro Crisis," CESifo Working Paper Series 7400, CESifo.
    715. Julio Garín & Robert Lester & Eric Sims, 2016. "Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data," NBER Working Papers 22311, National Bureau of Economic Research, Inc.
    716. Marco Bellifemine & Adrien Couturier & Rustam Jamilov, 2022. "The Regional Keynesian Cross," Economics Series Working Papers 995, University of Oxford, Department of Economics.
    717. Dieppe,Alistair Matthew & Kilic Celik,Sinem & Okou,Cedric Iltis Finafa, 2020. "Implications of Major Adverse Events on Productivity," Policy Research Working Paper Series 9411, The World Bank.
    718. Simon Mongey, 2017. "Market Structure and Monetary Non-neutrality," Staff Report 558, Federal Reserve Bank of Minneapolis.
    719. Yunyun Wang & Tatsushi Oka & Dan Zhu, 2023. "Distributional Vector Autoregression: Eliciting Macro and Financial Dependence," Papers 2303.04994, arXiv.org.
    720. Ferrando, Annalisa & Vermeulen, Philip & Durante, Elena, 2020. "Monetary policy, investment and firm heterogeneity," Working Paper Series 2390, European Central Bank.
    721. Nadav Ben Zeev & Tomer Ifergane, 2019. "Employment Protection Legislation and Economic Resilience: Protect and Survive?," Working Papers 1910, Ben-Gurion University of the Negev, Department of Economics.
    722. Hayley Pallan, 2022. "Sovereign Spreads and Corporate Taxation," IHEID Working Papers 15-2022, Economics Section, The Graduate Institute of International Studies.
    723. Tomoo Kikuchi & Satoshi Tobe, 2021. "Does Foreign Debt Contribute to Economic Growth?," Papers 2109.10517, arXiv.org, revised Nov 2022.
    724. Bezerra De Goes, Carlos Andre & Canozzi Conceicao, Otavio & Lara Ibarra, Gabriel & Lopez-Acevedo, Gladys, 2025. "Exports, Labor Markets, and the Environment : Evidence from Brazil," Policy Research Working Paper Series 11172, The World Bank.
    725. Mario Alloza & Jesus Gonzalo & Carlos Sanz, 2020. "Dynamic Effects of Persistent Shocks," Papers 2006.14047, arXiv.org.
    726. Raphael Chiappini & Delphine Lahet, 2020. "Exchange rate movements in emerging economies - Global vs regional factors in Asia," Post-Print hal-03431453, HAL.
    727. Bubeck, Johannes & Habib, Maurizio Michael & Manganelli, Simone, 2017. "The portfolio of euro area fund investors and ECB monetary policy announcements," Working Paper Series 2116, European Central Bank.
    728. Shingo Watanabe, 2019. "What Do British Historical Data Tell Us About Government Spending Multipliers?," Economic Inquiry, Western Economic Association International, vol. 57(2), pages 1141-1162, April.
    729. Fourné, Marius, 2025. "Cross-border transmission of climate policies through global production networks," IWH Discussion Papers 19/2025, Halle Institute for Economic Research (IWH).
    730. Lu, Dong & Tang, Huoqing & Zhang, Chengsi, 2023. "China's monetary policy surprises and corporate real investment," China Economic Review, Elsevier, vol. 77(C).
    731. Okan Akarsu & Emrehan Aktuğ, 2025. "Decomposing supply- and demand-driven inflation in Turkey," Empirical Economics, Springer, vol. 69(2), pages 1047-1077, August.
    732. Saskia ter Ellen & Vegard H. Larsen & Leif Anders Thorsrud, 2019. "Narrative monetary policy surprises and the media," Working Papers No 06/2019, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    733. Alfonso Ugarte, 2025. "Global | locproj y lpgraph: Comandos de Stata para estimar proyecciones locales [Global | locproj and lpgraph: Stata commands to estimate Local Projections]," Working Papers 25/09, BBVA Bank, Economic Research Department.
    734. Mathias Drehmann & Mikael Juselius & Anton Korinek, 2018. "Going With the Flows: New Borrowing, Debt Service and the Transmission of Credit Booms," NBER Working Papers 24549, National Bureau of Economic Research, Inc.
    735. Grothe, Magdalena, . "Wpływ zagranicznej polityki pieniężnej na rynki finansowe w Polsce," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2023(2).
    736. Owen M. Zidar, 2015. "Tax Cuts For Whom? Heterogeneous Effects of Income Tax Changes on Growth and Employment," NBER Working Papers 21035, National Bureau of Economic Research, Inc.
    737. Ward, Felix & Chen, Yao, 2016. "Rigid relations: External adjustment under the Gold Standard (1880-1913)," VfS Annual Conference 2016 (Augsburg): Demographic Change 145930, Verein für Socialpolitik / German Economic Association.
    738. Kaelo Ntwaepelo & Grivas Chiyaba, 2022. "Financial Stability Surveillance Tools: Evaluating the Performance of Stress Indices," Economics Discussion Papers em-dp2022-06, Department of Economics, University of Reading.
    739. Claudia Foroni & Livio Stracca, 2023. "The shale oil revolution and the global oil supply curve," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(3), pages 370-387, April.
    740. Teimouri, Sheida & Zietz, Joachim, 2018. "The impact of surges in net private capital inflows on manufacturing, investment, and unemployment," Journal of International Money and Finance, Elsevier, vol. 88(C), pages 158-170.
    741. Sinem Kandemir & Peter Tillmann, 2023. "Not all ECB meetings are created equal," MAGKS Papers on Economics 202312, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    742. Whelan, Karl & Adhikari, Tamanna, 2021. "Do Business-Friendly Reforms Boost GDP?," CEPR Discussion Papers 15879, C.E.P.R. Discussion Papers.
    743. Amilcar Velez, 2023. "The Local Projection Residual Bootstrap for AR(1) Models," Papers 2309.01889, arXiv.org, revised Oct 2025.
    744. Boyan Jovanovic & Sai Ma, 2022. "Uncertainty and Growth Disasters," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 44, pages 33-64, April.
    745. Gee Hee Hong & Matthew Klepacz & Ernesto Pasten & Raphael Schoenle, 2020. "The Real Effects of Monetary Shocks: Evidence from Micro Pricing Moments," Working Papers Central Bank of Chile 875, Central Bank of Chile.
    746. Oscar Jaulin & Andrey Ramos, 2025. "Becoming Green: Decomposing the Macroeconomic Effects of Green Technology News Shocks," Papers 2507.18386, arXiv.org.
    747. Mencinger, Jernej & Aristovnik, Aleksander & Verbič, Miroslav, 2017. "Asymmetric effects of fiscal policy in EU and OECD countries," Economic Modelling, Elsevier, vol. 61(C), pages 448-461.
    748. Andrea Tafuro, 2024. "Lagging behind: the hysteresis of austerity," Empirical Economics, Springer, vol. 66(1), pages 327-368, January.
    749. Marjan Petreski & Stefan Tanevski & Alejandro D. Jacobo, 2024. "Monetary Policy and the Gendered Labor Market Dynamics: Evidence from Developing Economies," Papers 2402.05729, arXiv.org.
    750. Bonthuis, Boele & Jarvis, Valerie & Vanhala, Juuso, 2015. "Shifts in euro area Beveridge curves and their determinants," Bank of Finland Research Discussion Papers 2/2015, Bank of Finland.
    751. Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Plödt, Martin & Potjagailo, Galina, 2016. "Deutsche Konjunktur im Frühjahr 2016 - Unsicherheit lastet nur kurz auf Expansionskräften [German Economy Spring 2016 - Uncertainty weighs on growth only temporarily]," Kieler Konjunkturberichte 17, Kiel Institute for the World Economy.
    752. Dessaint, Olivier & Matray, Adrien, 2017. "Do managers overreact to salient risks? Evidence from hurricane strikes," Journal of Financial Economics, Elsevier, vol. 126(1), pages 97-121.
    753. Elif Arbatli-Saxegaard & Davide Furceri & Pablo Gonzalez Dominguez & Jonathan Ostry & Shanaka Peiris, 2022. "Spillovers from US Monetary Shocks: Role of Policy Drivers and Cyclical Conditions," ADBI Working Papers 1317, Asian Development Bank Institute.
    754. Neville Francis, 2012. "The Low-Frequency Impact of Daily Monetary Policy Shock," 2012 Meeting Papers 198, Society for Economic Dynamics.
    755. Francesca Caselli & Agustin Roitman, 2016. "Non-Linear Exchange Rate Pass-Through in Emerging Markets," IMF Working Papers 2016/001, International Monetary Fund.
    756. Georgios Georgantas & Maria Kasselaki & Athanasios Tagkalakis, 2022. "The short-run effects of fiscal adjustment in OECD countries," Working Papers 308, Bank of Greece.
    757. Piergiorgio Alessandri & Andrea Gazzani & Alejandro Vicondoa, 2023. "Are the Effects of Uncertainty Shocks Big or Small?," Working Papers 244, Red Nacional de Investigadores en Economía (RedNIE).
    758. McCrory, Peter B, 2020. "Tradable Spillovers of Fiscal Policy: Evidence from the 2009 Recovery Act," Institute for Research on Labor and Employment, Working Paper Series qt04n482qf, Institute of Industrial Relations, UC Berkeley.
    759. Jón Daníelsson & Marcela Valenzuela & Ilknur Zer, 2022. "The impact of risk cycles on business cycles: a historical view," International Finance Discussion Papers 1358, Board of Governors of the Federal Reserve System (U.S.).
    760. Belke, Ansgar & Goemans, Pascal, 2019. "Uncertainty and non-linear macroeconomic effects of fiscal policy in the US: A SEIVAR-based analysis," Ruhr Economic Papers 826, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    761. Barbara Annicchiarico & Cédric Crofils, 2025. "Weather Shocks and the Optimal Policy Mix in a Climate-Vulnerable Economy," AMSE Working Papers 2504, Aix-Marseille School of Economics, France.
    762. Hauptmeier, Sebastian & Holm-Hadulla, Fédéric & Renault, Théodore, 2022. "Risk sharing and monetary policy transmission," Working Paper Series 2746, European Central Bank.
    763. Serhan Cevik & João Tovar Jalles, 2024. "Restructuring reforms for green growth," Scottish Journal of Political Economy, Scottish Economic Society, vol. 71(4), pages 515-541, September.
    764. Lara Coulier & Selien De Schryder, 2022. "Assessing the Effects of Borrower-Based Macroprudential Policy on Credit in the EU Using Intensity-Based Indices," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 22/1044, Ghent University, Faculty of Economics and Business Administration.
    765. Ferrando, Annalisa & McAdam, Peter & Petroulakis, Filippos & Vives, Xavier, 2021. "Product market structure and monetary policy: evidence from the Euro Area," Working Paper Series 2632, European Central Bank.
    766. Dario Bonciani & Andrea Tafuro, 2018. "The Effects of Uncertainty Shocks on Daily Prices," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 14(1), pages 89-104, April.
    767. Guo, Fei & Kit-Ming Yan, Isabel & Chen, Tao & Hu, Chun-Tien, 2023. "Fiscal multipliers, monetary efficacy, and hand-to-mouth households," Journal of International Money and Finance, Elsevier, vol. 130(C).
    768. Annalisa Ferrando & Judit Rariga, 2024. "Firms’ financing conditions before and after the COVID-19 pandemic: a survey-based analysis," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 51(2), pages 239-264, June.
    769. Pablo Ottonello & Wenting Song, 2022. "Financial Intermediaries and the Macroeconomy: Evidence from a High-Frequency Identification," Staff Working Papers 22-24, Bank of Canada.
    770. Karau, Sören, 2021. "Monetary policy and Bitcoin," Discussion Papers 41/2021, Deutsche Bundesbank.
    771. Christian Bittner & Rustam Jamilov & Farzad Saidi, 2025. "Assortative Matching, Interbank Markets, and Monetary Policy," CRC TR 224 Discussion Paper Series crctr224_2025_642, University of Bonn and University of Mannheim, Germany.
    772. Falk Bräuning & Gustavo Joaquim & Hillary Stein, 2023. "Interest Expenses, Coverage Ratio, and Firm Distress," Current Policy Perspectives 96664, Federal Reserve Bank of Boston.
    773. Zsurkis, Gabriel & Nicolau, João & Rodrigues, Paulo M. M, 2021. "The expected time to cross a threshold and its determinants: a simple and flexible framework," Journal of Economic Dynamics and Control, Elsevier, vol. 122(C).
    774. Nitschka, Thomas & Ramelet, Marc-Antoine, 2023. "Shock and awe? Bond yield responses to domestic monetary policy in a small-open economy," Economics Letters, Elsevier, vol. 231(C).
    775. Liudas Giraitis & George Kapetanios & Konstantinos Theodoridis & Tony Yates, 2014. "Estimating time-varying DSGE models using minimum distance methods," Bank of England working papers 507, Bank of England.
    776. Antonia Lopez Villavicencio & Mariam Camarero & Cecilio Tamarit, 2021. "Macroeconomic effects of EU value chain participation," EconomiX Working Papers 2021-12, University of Paris Nanterre, EconomiX.
    777. Presbitero, Andrea & Mihalyi, David, 2021. "Borrowing Costs after Sovereign Debt Relief," CEPR Discussion Papers 15832, C.E.P.R. Discussion Papers.
    778. Richard S.J. Tol, 2025. "Climate Determinism Reborn," Working Paper Series 0725, Department of Economics, University of Sussex Business School.
    779. Hoyos, Mateo, 2024. "Tariffs and Growth: Heterogeneity by Economic Structure," SocArXiv v75aw, Center for Open Science.
    780. Cesa-Bianchi, Ambrogio & Anderson, Gareth, 2020. "Crossing the Credit Channel: Credit Spreads and Firm Heterogeneity," CEPR Discussion Papers 14426, C.E.P.R. Discussion Papers.
    781. Jean Barthélemy & Paul Gardin & Benoit Nguyen, 2023. "Stablecoins and the Financing of the Real Economy," Working papers 908, Banque de France.
    782. Danielsson, Jon & Valenzuela, Marcela & Zer, Ilknur, 2020. "Financial volatility and economic growth, 1870-2016," LSE Research Online Documents on Economics 118886, London School of Economics and Political Science, LSE Library.
    783. Mar Delgado-Téllez & Esther Gordo & Iván Kataryniuk & Javier J. Pérez, 2020. "The decline in public investment: “social dominance” or too-rigid fiscal rules?," Working Papers 2025, Banco de España.
    784. Charles W. Calomiris & Harry Mamaysky & Ruoke Yang, 2020. "Measuring the Cost of Regulation: A Text-Based Approach," NBER Working Papers 26856, National Bureau of Economic Research, Inc.
    785. Olivier Cardi & Romain Restout & Peter Claeys, 2018. "Imperfect mobility of labor across sectors and fiscal transmission," Working Papers 244952353, Lancaster University Management School, Economics Department.
    786. Dimitris Mokas & Massimo Giuliodori, 2021. "Effects of LTV announcements in EU economies," Working Papers 704, DNB.
    787. Ordoñez Lucas Sebastián, 2024. "The transmission of Supply Shocks to inflation: The case of Argentina (2004-2023)," Asociación Argentina de Economía Política: Working Papers 4750, Asociación Argentina de Economía Política.
    788. Thibaut Duprey & Victoria Fernandes & Kerem Tuzcuoglu & Ruhani Walia, 2025. "Effects of macroprudential policy announcements on perceptions of systemic risks," Staff Analytical Notes 2025-4, Bank of Canada.
    789. Bonsoo Koo & Seojeong Lee & Myung Hwan Seo & Masaya Takano, 2022. "What Impulse Response Do Instrumental Variables Identify?," Papers 2208.11828, arXiv.org, revised Jan 2026.
    790. Dario Bonciani & David Gauthier & Derrick Kanngiesser, 2021. "Slow recoveries, endogenous growth and macroprudential policy," Bank of England working papers 917, Bank of England.
    791. Oscar Valencia & Alfredo Villca & Carolina Ulloa-Suárez & Gustavo Sánchez, 2025. "Bridging the Wage Gap: The Fiscal and Economic Gains of Reducing Government Employment Inefficiencies," Working Papers of BETA 2025-49, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    792. Olivier Cardi & Romain Restout, 2023. "Sectoral fiscal multipliers and technology in open economy," Post-Print hal-04522948, HAL.
    793. Bryan Kelly & Dimitris Papanikolaou & Amit Seru & Matt Taddy, 2018. "Measuring Technological Innovation over the Long Run," NBER Working Papers 25266, National Bureau of Economic Research, Inc.
    794. Döttling, Robin & Ratnovski, Lev, 2020. "Monetary policy and intangible investment," Working Paper Series 2444, European Central Bank.
    795. Pontines, Victor, 2018. "Self-selection and treatment effects: Revisiting the effectiveness of foreign exchange intervention," Journal of Macroeconomics, Elsevier, vol. 57(C), pages 299-316.
    796. Jean-Baptiste Bonnier, 2024. "A Split-Treatment Design," Working Papers 2024-11, CRESE.
    797. Jorge Pablo Puig & Martin Ardanaz & Eduardo Cavallo & Alejandro Izquierdo, 2021. "Output effects of fiscal consolidations: does spending composition matter?," Asociación Argentina de Economía Política: Working Papers 4507, Asociación Argentina de Economía Política.
    798. Sheida Teimouri & Taggert J Brooks, 2015. "Output Recovery After Currency Crises," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 57(1), pages 75-102, March.
    799. Kai Arvai & Ricardo Duque Gabriel, 2024. "Gains from Commitment: The Case for Pegging the Exchange Rate," Working papers 974, Banque de France.
    800. Kilman, Josefin, 2022. "Monetary Policy Shocks for Sweden," Working Papers 2022:18, Lund University, Department of Economics.
    801. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2023. "The Real Response to Uncertainty Shocks: The Risk Premium Channel," Management Science, INFORMS, vol. 69(1), pages 119-140, January.
    802. Huixin Bi & Sarah Zubairy, 2020. "Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications," Research Working Paper RWP 20-06, Federal Reserve Bank of Kansas City.
    803. Samuel Kaplan & Efstathios Polyzos & David Tercero-Lucas, 2025. "Crypto Listens: Asymmetric Reactions to Text-based Signals in Central Bank Communications," Working Papers 365, Red Nacional de Investigadores en Economía (RedNIE).
    804. Steininger, Lea & Matzner, Anna, 2025. "Monetary policy and the firm-level labor share: a story about capital," Working Paper Series 3024, European Central Bank.
    805. Marek Kwas & Michał Rubaszek, 2021. "Forecasting Commodity Prices: Looking for a Benchmark," Forecasting, MDPI, vol. 3(2), pages 1-13, June.
    806. Mikkel Plagborg-Møller & Christian K. Wolf, 2021. "Instrumental Variable Identification of Dynamic Variance Decompositions," Working Papers 2021-40, Princeton University. Economics Department..
    807. Andreas Fagereng & Magnus A. H. Gulbrandsen & Martin Holm & Gisle Natvik, 2023. "How Does Monetary Policy Affect Household Indebtedness?," Working Papers 05/2023, Centre for Household Finance and Macroeconomic Research (HOFIMAR), BI Norwegian Business School.
    808. Azizjon Alimov, 2021. "The Impact of Government Borrowing on Corporate Acquisitions: International Evidence," Working Papers 2021-ACF-04, IESEG School of Management, revised Mar 2023.
    809. Baioni Tomás, 2025. "The macroeconomic effects of carbon pricing at a subnational level: evidence from California’s cap and trade," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 27(2), pages 305-330, April.
    810. Antonio M. Conti & Andrea Nobili & Federico M. Signoretti, 2025. "Bank Capital Requirements, Lending Supply, and Economic Activity: A Scenario Analysis Perspective," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 44(3), pages 1132-1164, April.
    811. Corpus, John Paul & Cassimon, Danny, 2025. "Effects of external capital inflows on industrialization in developing countries: evidence from ASEAN-4 economies," IOB Working Papers 2025.05, Universiteit Antwerpen, Institute of Development Policy (IOB).
    812. Miles, William & Zhu, Xiaoyang, 2023. "Housing and the changing impact of monetary policy," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 587-603.
    813. Vanessa Olakemi Dovonou, 2023. "Trilemma revisited with dollar dominance in trade and finance," Working Papers 2023.05, International Network for Economic Research - INFER.
    814. Julien Champagne & Rodrigo Sekkel, 2017. "Changes in Monetary Regimes and the Identification of Monetary Policy Shocks: Narrative Evidence from Canada," Staff Working Papers 17-39, Bank of Canada.
    815. Daragh Clancy, 2019. "US corporate tax rate cuts: Spillovers to the Irish economy," Working Papers 38, European Stability Mechanism.
    816. Rossi, Stefano & Gulen, Huseyin & Ion, Mihai, 2019. "Credit Cycles, Expectations, and Corporate Investment," CEPR Discussion Papers 13679, C.E.P.R. Discussion Papers.
    817. Renzhi, Nuobu & Beirne, John, 2023. "Corporate market power and monetary policy transmission in Asia," Pacific-Basin Finance Journal, Elsevier, vol. 82(C).
    818. Marcos Ceron & Rafael Nivin & Diego Yamunaque, 2023. "FX intervention and domestic credit in a partially dollarized economy: Evidence using microdata from Peru," IHEID Working Papers 11-2023, Economics Section, The Graduate Institute of International Studies.
    819. Juan R. Hernández & Mateo Hoyos & Daniel Ventosa-Santaulària, 2024. "Monetary Policy in Emerging Markets under Global Uncertainty," Working Papers DTE 634, CIDE, División de Economía.
    820. Vegard H ghaug Larsen & Leif Anders Thorsrud, 2017. "Asset returns, news topics, and media effects," Working Papers No 5/2017, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
    821. Nicolas Eterovic & Dalibor Eterovic, 2022. "Stocks, Bonds and the US Dollar - Measuring Domestic and International Market Developments in an Emerging Market," Working Papers Central Bank of Chile 964, Central Bank of Chile.
    822. Okan Akarsu & Emrehan Aktug & Muserref Kucukbayrak, 2025. "Hand-to-Mouth Households in the Eurosystem and the Transmission of Monetary Policy," Working Papers 2506, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    823. Benatti, Nicola & Groiss, Martin & Kelly, Petra & Lopez-Garcia, Paloma, 2023. "Environmental regulation and productivity growth in the euro area: testing the Porter hypothesis," Working Paper Series 2820, European Central Bank.
    824. Ashesh Rambachan & Neil Shephard, 2019. "When do common time series estimands have nonparametric causal meaning?," Papers 1903.01637, arXiv.org, revised Jan 2025.
    825. Yi Fang & Qirui Tang & Yanru Wang, 2024. "Geopolitical Risk and Cryptocurrency Market Volatility," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 60(14), pages 3254-3270, November.
    826. Jake D. Orchard, 2025. "Non-homothetic Demand Shifts and Inflation Inequality," Finance and Economics Discussion Series 2025-085, Board of Governors of the Federal Reserve System (U.S.).
    827. Lee, Sukjoon, 2020. "Liquidity Premium, Credit Costs, and Optimal Monetary Policy," MPRA Paper 104825, University Library of Munich, Germany.
    828. Paul Levine & Joseph Pearlman & Alessio Volpicella & Bo Yang, 2022. "The Use and Mis-Use of SVARs for Validating DSGE Models," School of Economics Discussion Papers 0522, School of Economics, University of Surrey.
    829. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Mösle, Saskia & Potjagailo, Galina, 2019. "Deutsche Konjunktur im Sommer 2019 - Deutsche Konjunktur im Sinkflug [German Economy Summer 2019 - German economy falters]," Kieler Konjunkturberichte 56, Kiel Institute for the World Economy.
    830. Arlan Brucal & Michael Abrigo, 2017. "Can Cheap Oil Hurt Net Importers? Evidence from the Philippines," Working Papers id:12323, eSocialSciences.
    831. Ṣebnem Kalemli-Özcan, 2019. "U.S. Monetary Policy and International Risk Spillovers," NBER Working Papers 26297, National Bureau of Economic Research, Inc.
    832. Romain Duval & Mehmet Eris & Davide Furceri, 2011. "The Effects of Downturns on Labour Force Participation: Evidence and Causes," OECD Economics Department Working Papers 875, OECD Publishing.
    833. Christian Friedrich & Pierre Guérin & Danilo Leiva-Leon, 2020. "Monetary Policy Independence and the Strength of the Global Financial Cycle," Staff Working Papers 20-25, Bank of Canada.
    834. Ademmer, Martin & Beckmann, Joscha & Jannsen, Nils, 2019. "Auswirkungen globaler wirtschaftspolitischer Unsicherheit auf die deutsche Konjunktur," Kiel Insight 2019.8, Kiel Institute for the World Economy.
    835. Lucas Hafemann & Peter Tillmann, 2017. "The aggregate and country-speci c e ectiveness of ECB policy: evidence from an external instruments (VAR) approach," MAGKS Papers on Economics 201720, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    836. NAKAJIMA, Jouchi, 2025. "Time-varying Local Projections with Stochastic Volatility," Discussion Paper Series 761, Institute of Economic Research, Hitotsubashi University.
    837. Mark W. Watson, 2025. "Comment on "Tradeoffs and Sacrifice over Rate Cycles: Activity, Inflation and the Price Level" 2," NBER Chapters, in: NBER Macroeconomics Annual 2025, volume 40, National Bureau of Economic Research, Inc.
    838. Adhikari, Tamanna & Whelan, Karl, 2023. "Did raising doing business scores boost GDP?," Journal of Comparative Economics, Elsevier, vol. 51(3), pages 1011-1030.
    839. Paul Levine & Joseph Pearlman & Stephen Wright & Bo Yang, 2023. "Imperfect Information and Hidden Dynamics," School of Economics Discussion Papers 1223, School of Economics, University of Surrey.
    840. Marco Moreno & Simone Cima, 2024. "Monetary policy shocks and their effects across the wealth distribution: evidence from new European data," Trinity Economics Papers tep0524, Trinity College Dublin, Department of Economics, revised Mar 2025.
    841. Yang, Jian & Guo, Hui & Wang, Zijun, 2006. "International transmission of inflation among G-7 countries: A data-determined VAR analysis," Journal of Banking & Finance, Elsevier, vol. 30(10), pages 2681-2700, October.
    842. Allayioti, Anastasia & Gόrnicka, Lucyna & Holton, Sarah & Martínez Hernández, Catalina, 2024. "Monetary policy pass-through to consumer prices: evidence from granular price data," Working Paper Series 3003, European Central Bank.
    843. Daniel A. Dias & Joao B. Duarte, 2022. "Monetary Policy and Homeownership: Empirical Evidence,Theory, and Policy Implications," International Finance Discussion Papers 1344, Board of Governors of the Federal Reserve System (U.S.).
    844. Amior, Michael & Manning, Alan, 2018. "The persistence of local joblessness," LSE Research Online Documents on Economics 86558, London School of Economics and Political Science, LSE Library.
    845. Aikman, David & Bush, Oliver & Taylor, Alan M., 2016. "Monetary versus macroprudential policies:causal impacts of interest rates andcredit controls in the era of the UKradcliffe report," LSE Research Online Documents on Economics 67035, London School of Economics and Political Science, LSE Library.
    846. Le Mezo, Helena & Ferrari Minesso, Massimo, 2021. "Text-based recession probabilities," Working Paper Series 2516, European Central Bank.
    847. Gächter, Martin & Geiger, Martin & Stöckl, Sebastian, 2019. "Credit intermediation and the transmission of macro-financial uncertainty: International evidence," EconStor Preprints 204444, ZBW - Leibniz Information Centre for Economics.
    848. Philip R Lane & Livio Stracca, 2018. "Can appreciation be expansionary? Evidence from the euro area," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 33(94), pages 225-264.
    849. Herrera, Luis & Pirovano, Mara & Scalone, Valerio, 2025. "From risk to buffer: calibrating the positive neutral CCyB rate in the euro area," Working Paper Series 3075, European Central Bank.
    850. Fishe, Raymond P.H. & Smith, Aaron, 2019. "Do speculators drive commodity prices away from supply and demand fundamentals?," Journal of Commodity Markets, Elsevier, vol. 15(C), pages 1-1.
    851. Alex Clymo & Andrea Lanteri & Alessandro Villa, 2023. "Capital and Labor Taxes with Costly State Contingency," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 943-964, December.
    852. Khan,Shafaat Yar & Khederlarian, Armen, 2021. "Inventories, Input Costs, and Productivity Gains from Trade Liberalizations," Policy Research Working Paper Series 9564, The World Bank.
    853. Arisa Chantaraboontha, 2025. "Measuring the Spillovers of US Unconventional Surprises across Monetary Conditions with Local Projections," ISER Discussion Paper 1276, Institute of Social and Economic Research, The University of Osaka.
    854. Karau, Sören, 2023. "Monetary policy and Bitcoin," Journal of International Money and Finance, Elsevier, vol. 137(C).
    855. Kim Ristolainen, 2022. "Narrative Triggers of Information Sensitivity," Discussion Papers 156, Aboa Centre for Economics.
    856. Camila Gutierrez & Javier Turen & Alejandro Vicondoa, 2024. "Chinese Macroeconomic Surprises and the Global Financial Cycle," Documentos de Trabajo 577, Instituto de Economia. Pontificia Universidad Católica de Chile..
    857. Sylvain Leduc & Daniel J. Wilson, 2013. "Are State Governments Roadblocks to Federal Stimulus? Evidence on the Flypaper Effect of Highway Grants in the 2009 Recovery Act," Working Paper Series 2013-16, Federal Reserve Bank of San Francisco.
    858. Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2014. "Fiscal multipliers in recessions and expansions : does it matter whether government spending is increasing or decreasing ?," Policy Research Working Paper Series 6993, The World Bank.
    859. Nguyen, Thanh Cong & Ho, Thuy Tien, 2025. "Understanding the informal economy: The influence of political ideology during financial crises," Economic Modelling, Elsevier, vol. 142(C).
    860. Maria Bolboaca & Sarah Fischer, 2019. "News Shocks: Different Effects in Boom and Recession?," Working Papers 19.01, Swiss National Bank, Study Center Gerzensee.
    861. Erik Kole & Dick van Dijk, 2022. "Moments, Shocks and Spillovers in Markov-switching VAR Models," Tinbergen Institute Discussion Papers 21-080/III, Tinbergen Institute, revised 11 Jan 2022.
    862. Christopher Biolsi, 2019. "Local Effects of a Military Spending Shock: Evidence from Shipbuilding in the 1930s," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 32, pages 227-248, April.
    863. Bianchi, Francesco & Ludvigson, Sydney & Ma, Sai, 2020. "Belief Distortions and Macroeconomic Fluctuations," CEPR Discussion Papers 15003, C.E.P.R. Discussion Papers.
    864. Nuno Palma, 2019. "The Real Effects of Monetary Expansions: Evidence from a Large-Scale Historical Natural Experiment," Economics Discussion Paper Series 1904, Economics, The University of Manchester, revised Aug 2021.
    865. Bryan Hardy & Can Sever, 2023. "Innovation convergence," BIS Working Papers 1108, Bank for International Settlements.
    866. Hyunjoon Lim, 2025. "Responses of Foreign Exchange Market to External Shocks: What Makes Differences?," Open Economies Review, Springer, vol. 36(3), pages 981-999, July.
    867. Renzhi, Nuobu, 2023. "Household net saving positions and unconventional monetary policy transmission: Evidence from Japan," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    868. Adam Hale Shapiro, 2022. "Decomposing Supply and Demand Driven Inflation," Working Paper Series 2022-18, Federal Reserve Bank of San Francisco.
    869. Singh, Aarti & Suda, Jacek & Zervou, Anastasia, 2021. "Heterogeneous labour market response to monetary policy: small versus large firms," Working Papers 2021-07, University of Sydney, School of Economics, revised Nov 2021.
    870. Gertjan Vlieghe, 2024. "Core Strength: International Evidence on the Impact of Energy Prices on Core Inflation," Discussion Papers 2407, Centre for Macroeconomics (CFM).
    871. Brasili, Andrea & Brasili, Cristina & Musto, Giorgio & Tueske, Annamaria, 2023. "Complementarities between local public and private investment in EU regions," EIB Working Papers 2023/04, European Investment Bank (EIB).
    872. Hjortsoe, Ida & Weale, Martin & Wieladek, Tomasz, 2018. "How does financial liberalisation affect the influence of monetary policy on the current account?," Journal of International Money and Finance, Elsevier, vol. 85(C), pages 93-123.
    873. Strobel, Stephenson, 2024. "Who responds to longer wait times? The effects of predicted emergency wait times on the health and volume of patients who present for care," Journal of Health Economics, Elsevier, vol. 96(C).
    874. Ademmer, Martin & Jannsen, Nils, 2018. "Post-crisis business investment in the euro area and the role of monetary policy," Open Access Publications from Kiel Institute for the World Economy 180839, Kiel Institute for the World Economy.
    875. António Afonso & João Tovar Jalles, 2015. "Markups’ Cyclical Behavior: The role of Demand and Supply Shocks," Working Papers Department of Economics 2015/08, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    876. Sydney C. Ludvigson & Sai Ma & Serena Ng, 2020. "COVID-19 and The Macroeconomic Effects of Costly Disasters," NBER Working Papers 26987, National Bureau of Economic Research, Inc.
    877. Khuderchuluun Batsukh & Nicolas Groshenny & Naveed Javed, 2025. "Monetary policy transmission and household indebtedness in Australia," TEPP Working Paper 2025-02, TEPP.
    878. Fei Guo & Isabel Kit-Ming Yan & Tao Chen & Chuntien Hu, 2021. "Fiscal Multiplier, Monetary Shock and Hand-to-Mouth Household," GRU Working Paper Series GRU_2021_025, City University of Hong Kong, Department of Economics and Finance, Global Research Unit.
    879. Isabel Gödl-Hanisch & Jordan Pandolfo, 2025. "Monetary Policy Transmission, Bank Market Power, and Income Source," CESifo Working Paper Series 11847, CESifo.
    880. Stéphane Lhuissier & Benoit Nguyen, 2021. "The Dynamic Effects of the ECB s Asset Purchases: a Survey-Based Identification," Working papers 806, Banque de France.
    881. Anastasiou, Dimitris & Ftiti, Zied & Louhichi, Waël & Rizos, Anastasios & Stratopoulou, Artemis, 2025. "The influence of oil investors' sentiment on inflation dynamics and uncertainty," Energy Economics, Elsevier, vol. 142(C).
    882. Mishel Ghassibe, 2024. "Endogenous Production Networks and Non-Linear Monetary Transmission," Working Papers 1449, Barcelona School of Economics.

  48. Demiralp, Selva & Jorda, Oscar, 2004. "The Response of Term Rates to Fed Announcements," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(3), pages 387-405, June.

    Cited by:

    1. Brühl, Volker & Walz, Uwe, 2015. "Das anhaltende Niedrigzinsumfeld in Deutschland," CFS Working Paper Series 506, Center for Financial Studies (CFS).
    2. Rai, Anoop & Rojer, Guido & Susanna, Edirel, 2021. "Central bank transparency and market reaction in Brazil, Chile, and Colombia," Journal of Behavioral and Experimental Finance, Elsevier, vol. 30(C).
    3. Silvio Colarossi & Andrea Zaghini, 2009. "Gradualism, Transparency and the Improved Operational Framework: A Look at Overnight Volatility Transmission," International Finance, Wiley Blackwell, vol. 12(2), pages 151-170, August.
    4. Amir KIA, 2009. "Developing a Market-Based Monetary Policy Transparency Index and Testing Its Impact on Risk and Volatility in the United States," EcoMod2009 21500052, EcoMod.
    5. Marfatia, Hardik A., 2015. "Monetary policy's time-varying impact on the US bond markets: Role of financial stress and risks," The North American Journal of Economics and Finance, Elsevier, vol. 34(C), pages 103-123.
    6. Michael R. Jonas & Sharmila K. King, 2008. "Bank Efficiency And The Effectiveness Of Monetary Policy," Contemporary Economic Policy, Western Economic Association International, vol. 26(4), pages 579-589, October.
    7. Badye Essid & Tolga Cenesizoglu, 2010. "The Effect of Monetary Policy on Credit Spreads," 2010 Meeting Papers 1139, Society for Economic Dynamics.
    8. Lassaâd Mbarek & Hardik A. Marfatia & Sonja Juko, 2018. "Time-varying Response of Treasury Yields to Monetary Policy Shocks: Evidence from the Tunisian Bond Market," Working Papers 1243, Economic Research Forum, revised 23 Oct 2018.
    9. James Bugden & Iain Fraser & Jeffrey S. Racine & Robert Waschik, 2014. "Parametric and Nonparametric Analysis of Tax Changes," Department of Economics Working Papers 2014-02, McMaster University.
    10. Selva Demiralp & Hakan Kara & Pinar Ozlu, 2011. "Monetary Policy Communication Under Inflation Targeting : Do Words Speak Louder Than Actions?," Working Papers 1118, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    11. Lee A. Smales & Zhangxin (Frank) Liu & Cameron D. Robertson, 2022. "One session options: Playing the announcement lottery?," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 42(2), pages 192-211, February.
    12. Cem Cakmakli & Selva Demiralp, 2020. "A Dynamic Evaluation of Central Bank Credibility," Koç University-TUSIAD Economic Research Forum Working Papers 2015, Koc University-TUSIAD Economic Research Forum.
    13. Zaghini, Andrea & Wilhelmsen, Björn-Roger, 2005. "Monetary policy predictability in the euro area: an international comparison," Working Paper Series 504, European Central Bank.
    14. Troy Davig & Jeffrey R. Gerlach, 2006. "Monetary Policy, the Bond Market, and Changes in FOMC Communication Policy," Working Papers 31, Economics Department, William & Mary.
    15. Selva Demiralp, 2008. "Monetary Policy Surprises and the Expectations Hypothesis at the Short End of the Yield Curve," Koç University-TUSIAD Economic Research Forum Working Papers 0802, Koc University-TUSIAD Economic Research Forum.
    16. Clostermann, Jörg & Seitz, Franz, 2005. "Are bond markets really overpriced: The case of the US," Arbeitsberichte – Working Papers 11, Technische Hochschule Ingolstadt (THI).
    17. Kobayashi, Teruyoshi, 2009. "Announcements and the effectiveness of monetary policy: A view from the US prime rate," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2253-2266, December.
    18. Jon Faust & John H. Rogers & Shing-Yi Wang & Jonathan H. Wright, 2003. "The high-frequency response of exchange rates and interest rates to macroeconomic announcements," International Finance Discussion Papers 784, Board of Governors of the Federal Reserve System (U.S.).
    19. WANG, Kent & WANG, Shin-Huei & PAN, Zheyao, 2013. "Can federal reserve policy deviation explain response patterns of financial markets over time?," LIDAM Discussion Papers CORE 2013029, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    20. Abbassi, Puriya & Linzert, Tobias, 2012. "The effectiveness of monetary policy in steering money market rates during the financial crisis," Journal of Macroeconomics, Elsevier, vol. 34(4), pages 945-954.
    21. Ranaldo, Angelo & Reynard, Samuel, 2013. "Monetary Policy Effects on Long-term Rates and Stock Prices," Working Papers on Finance 1322, University of St. Gallen, School of Finance.
    22. Papadamou, Stephanos, 2013. "Market anticipation of monetary policy actions and interest rate transmission to US Treasury market rates," Economic Modelling, Elsevier, vol. 33(C), pages 545-551.
    23. Coenen, Günter & Ehrmann, Michael & Gaballo, Gaetano & Hoffmann, Peter & Nakov, Anton & Nardelli, Stefano & Persson, Eric & Strasser, Georg, 2017. "Communication of monetary policy in unconventional times," Working Paper Series 2080, European Central Bank.
    24. Michael Ehrmann & Marcel Fratzscher, 2007. "Communication by Central Bank Committee Members: Different Strategies, Same Effectiveness?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2‐3), pages 509-541, March.
    25. Ryan R. Brady, 2006. "Credit Cards and Monetary Policy: Are Households still liquidity-constrained?," Departmental Working Papers 12, United States Naval Academy Department of Economics.
    26. Anand, Abhinav & Basu, Sankarshan & Pathak, Jalaj & Thampy, Ashok, 2021. "The impact of sentiment on emerging stock markets," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 161-177.
    27. Ivando Silva De Faria & Helder Ferreira De Mendonça, 2011. "Financial Market Reactions To Thebrazilian Central Bank’S Decisions," Anais do XXXVIII Encontro Nacional de Economia [Proceedings of the 38th Brazilian Economics Meeting] 108, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    28. Selva Demiralp & Kamil Yilmaz, 2009. "Asymmetric Response to Monetary Policy Surprises at the Long-End of the Yield Curve," Koç University-TUSIAD Economic Research Forum Working Papers 0914, Koc University-TUSIAD Economic Research Forum.
    29. Paolo Angelini, 2002. "Liquidity and Announcement Effects in the Euro Area," Temi di discussione (Economic working papers) 451, Bank of Italy, Economic Research and International Relations Area.
    30. Bandholz, Harm & Clostermann, Jörg & Seitz, Franz, 2007. "Explaining the US bond yield conundrum," Weidener Diskussionspapiere 2, University of Applied Sciences Amberg-Weiden (OTH).
    31. Chen, Zhengyang, 2019. "The Long-term Rate and Interest Rate Volatility in Monetary Policy Transmission," MPRA Paper 96339, University Library of Munich, Germany.
    32. Cezar, Rafael & Silvestrini, Maéva, 2021. "Impact of the ECB Quantitative Easing on the International Investment Position," International Economics, Elsevier, vol. 165(C), pages 241-263.
    33. Selva Demiralp & Sharmila King & Chiara Scotti, 2016. "Does Anyone Listen when Politicians Talk? The Effect of Political Commentaries on Policy Rate Decisions and Expectations," Finance and Economics Discussion Series 2016-058, Board of Governors of the Federal Reserve System (U.S.).
    34. Joaquin Iglesias & Alvaro Ortiz & Tomasa Rodrigo, 2017. "How do the EM Central Bank talk? A Big Data approach to the Central Bank of Turkey," Working Papers 17/24, BBVA Bank, Economic Research Department.
    35. Andreas Schabert, "undated". "Identifying Monetary Policy Shocks with Changes in Open Market Operations," Working Papers 2003_10, Business School - Economics, University of Glasgow, revised Jun 2003.
    36. Ehrmann, Michael & Fratzscher, Marcel, 2007. "The timing of central bank communication," European Journal of Political Economy, Elsevier, vol. 23(1), pages 124-145, March.
    37. Luis Eduardo Arango & Andrés González & John Jairo León & Luis Fernando Melo., 2008. "Cambios de la Tasa de Política y su Efecto en la Estructura a Plazo de Colombia," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 45(132), pages 257-291.
    38. Kim, Suk-Joong & Nguyen, Do Quoc Tho, 2008. "The reaction of the Australian financial markets to the interest rate news from the Reserve Bank of Australia and the U.S. Fed," Research in International Business and Finance, Elsevier, vol. 22(3), pages 378-395, September.
    39. Michael J. Lamla & Sarah M. Rupprecht, 2006. "The Impact of ECB Communication on Financial Market Expectations," KOF Working papers 06-135, KOF Swiss Economic Institute, ETH Zurich.
    40. Ehrmann, Michael & Fratzscher, Marcel, 2005. "Communication and decision-making by central bank committees: different strategies, same effectiveness?," Working Paper Series 488, European Central Bank.
    41. Antoine Ebeling, 2024. "ECB’s Climate Speeches and Market Reactions," Working Papers of BETA 2024-38, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    42. Òscar Jordà, 2005. "Can monetary policy influence long-term interest rates?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue may20.
    43. Demiralp, Selva & Kara, Hakan & Özlü, Pınar, 2012. "Monetary policy communication in Turkey," European Journal of Political Economy, Elsevier, vol. 28(4), pages 540-556.
    44. Dimitris K. Christopoulos & Miguel A. León‐Ledesma, 2007. "A Long‐Run Non‐Linear Approach to the Fisher Effect," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2‐3), pages 543-559, March.
    45. Fu, Liang & Ho, Chun-Yu, 2022. "Monetary policy surprises and interest rates under China's evolving monetary policy framework," Emerging Markets Review, Elsevier, vol. 52(C).
    46. Su Zhou, 2007. "The dynamic relationship between the federal funds rate and the Eurodollar rates under interest‐rate targeting," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 34(2), pages 90-102, May.
    47. Sun, Rongrong, 2018. "Monetary Policy Announcements and Market Interest Rates’ Response: Evidence from China," MPRA Paper 87703, University Library of Munich, Germany.
    48. Ben S. Bernanke & Kenneth N. Kuttner, 2003. "What explains the stock market's reaction to Federal Reserve policy?," Proceedings, Federal Reserve Bank of San Francisco, issue mar.
    49. Amir Kia, 2011. "Developing a Market-Based Monetary Policy Transparency Index: Evidence from the United States," Economic Issues Journal Articles, Economic Issues, vol. 16(2), pages 53-80, September.
    50. Gabriel Pérez Quirós & Jorge Sicilia, 2002. "Is the European Central Bank (and the United States Federal Reserve) predictable?," Working Papers 0229, Banco de España.
    51. Elyasiani, Elyas & Movaghari, Hadi, 2024. "Money demand function with time-varying coefficients," The Quarterly Review of Economics and Finance, Elsevier, vol. 98(C).
    52. Rafael Cezar & Maëva Silvestrini, 2018. "Impact of the ECB Quantitative Easing on the French International Investment Position," Working papers 701, Banque de France.
    53. Scrimgeour, Dean, 2010. "Commodity Price Responses to Monetary Policy Surprises," Working Papers 2010-04, Department of Economics, Colgate University.

  49. Òscar Jordà & Massimiliano Marcellino, 2004. "Time‐scale transformations of discrete time processes," Journal of Time Series Analysis, Wiley Blackwell, vol. 25(6), pages 873-894, November.
    See citations under working paper version above.
  50. Bergin, Paul R. & Jorda, Oscar, 2004. "Measuring monetary policy interdependence," Journal of International Money and Finance, Elsevier, vol. 23(5), pages 761-783, September.
    See citations under working paper version above.
  51. Oscar Jorda & Kevin Salyer, 2003. "The Response of Term Rates to Monetary Policy Uncertainty," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 6(4), pages 941-962, October.
    See citations under working paper version above.
  52. Jordà, Òscar & Marcellino, Massimiliano, 2003. "Modeling High-Frequency Foreign Exchange Data Dynamics," Macroeconomic Dynamics, Cambridge University Press, vol. 7(4), pages 618-635, September.

    Cited by:

    1. Helmut Herwartz, 2006. "Econometric analysis of high frequency data," AStA Advances in Statistical Analysis, Springer;German Statistical Society, vol. 90(1), pages 89-104, March.

  53. Selva Demiralp & Òscar Jordà, 2002. "The announcement effect: evidence from open market desk data," Economic Policy Review, Federal Reserve Bank of New York, vol. 8(May), pages 29-48.
    See citations under working paper version above.
  54. James D. Hamilton & Oscar Jorda, 2002. "A Model of the Federal Funds Rate Target," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 1135-1167, October.
    See citations under working paper version above.
  55. Kevin D. Hoover & Òscar Jordà, 2001. "Measuring systematic monetary policy," Review, Federal Reserve Bank of St. Louis, vol. 83(Jul), pages 113-144.
    See citations under working paper version above.
  56. Álvaro Escribano & Oscar Jordá, 2001. "Testing nonlinearity: Decision rules for selecting between logistic and exponential STAR models," Spanish Economic Review, Springer;Spanish Economic Association, vol. 3(3), pages 193-209.
    See citations under working paper version above.
  57. Jorda, Oscar, 1999. "Random-Time Aggregation in Partial Adjustment Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 17(3), pages 382-395, July.
    See citations under working paper version above.

Chapters

  1. Paul R. Bergin & Òscar Jordà, 2017. "Measuring Monetary Policy Interdependence," World Scientific Book Chapters, in: International Macroeconomic Interdependence, chapter 14, pages 387-415, World Scientific Publishing Co. Pte. Ltd..
    See citations under working paper version above.
  2. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2016. "Macrofinancial History and the New Business Cycle Facts," NBER Chapters, in: NBER Macroeconomics Annual 2016, Volume 31, pages 213-263, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  3. Òscar Jordà & Moritz Schularick & Alan M. Taylor, 2014. "Betting the House," NBER Chapters, in: NBER International Seminar on Macroeconomics 2014, pages 2-18, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  4. Òscar Jordà & Moritz HP. Schularick & Alan M. Taylor, 2013. "Sovereigns versus Banks: Credit, Crises, and Consequences," NBER Chapters, in: Sovereign Debt and Financial Crises, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  5. Travis Berge & Òscar Jordà & Alan M. Taylor, 2010. "Currency Carry Trades," NBER Chapters, in: NBER International Seminar on Macroeconomics 2010, pages 357-387, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.