Mark Kerssenfischer
Personal Details
| First Name: | Mark |
| Middle Name: | |
| Last Name: | Kerssenfischer |
| Suffix: | |
| RePEc Short-ID: | pke298 |
| [This author has chosen not to make the email address public] | |
| https://sites.google.com/site/markkerssenfischer | |
| Twitter: | @markkersen |
Affiliation
Deutsche Bundesbank
Frankfurt, Germanyhttp://www.bundesbank.de/
RePEc:edi:dbbgvde (more details at EDIRC)
Research output
Jump to: Working papers ArticlesWorking papers
- Kamps, Christophe & Bussière, Matthieu & Niessner, Birgit & Tristani, Oreste & Christoffel, Kai & Kapadia, Sujit & Ferrero, Giuseppe & Gilbert, Niels & Vlassopoulos, Thomas & Motto, Roberto & Gerke, R, 2025. "Report on monetary policy tools, strategy and communication," Occasional Paper Series 372, European Central Bank.
- Kerssenfischer, Mark & Helmus, Caspar, 2024. "Outages in sovereign bond markets," Working Paper Series 2944, European Central Bank.
- Kerssenfischer, Mark & Schmeling, Maik, 2022.
"What moves markets?,"
Discussion Papers
16/2022, Deutsche Bundesbank.
- Kerssenfischer, Mark & Schmeling, Maik, 2024. "What moves markets?," Journal of Monetary Economics, Elsevier, vol. 145(C).
- Kerssenfischer, Mark, 2019.
"Information effects of euro area monetary policy: New evidence from high-frequency futures data,"
Discussion Papers
07/2019, Deutsche Bundesbank.
- Kerssenfischer, Mark, 2019. "Information Effects of Euro Area Monetary Policy: New evidence from high-frequency futures data," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203524, Verein für Socialpolitik / German Economic Association.
- Kerssenfischer, Mark, 2017. "The effects of US monetary policy shocks: Applying external instrument identification to a dynamic factor model," Discussion Papers 08/2017, Deutsche Bundesbank.
- Alessi, Lucia & Kerssenfischer, Mark, 2016.
"The response of asset prices to monetary policy shocks: stronger than thought,"
Working Paper Series
1967, European Central Bank.
- Lucia Alessi & Mark Kerssenfischer, 2019. "The response of asset prices to monetary policy shocks: Stronger than thought," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(5), pages 661-672, August.
Articles
- Kerssenfischer, Mark & Schmeling, Maik, 2024.
"What moves markets?,"
Journal of Monetary Economics, Elsevier, vol. 145(C).
- Kerssenfischer, Mark & Schmeling, Maik, 2022. "What moves markets?," Discussion Papers 16/2022, Deutsche Bundesbank.
- Kerssenfischer, Mark, 2022. "Information effects of euro area monetary policy," Economics Letters, Elsevier, vol. 216(C).
- Lucia Alessi & Mark Kerssenfischer, 2019.
"The response of asset prices to monetary policy shocks: Stronger than thought,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(5), pages 661-672, August.
- Alessi, Lucia & Kerssenfischer, Mark, 2016. "The response of asset prices to monetary policy shocks: stronger than thought," Working Paper Series 1967, European Central Bank.
- Mark Kerssenfischer, 2019. "The puzzling effects of monetary policy in VARs: Invalid identification or missing information?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(1), pages 18-25, January.
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.Wikipedia or ReplicationWiki mentions
(Only mentions on Wikipedia that link back to a page on a RePEc service)- Mark Kerssenfischer, 2019.
"The puzzling effects of monetary policy in VARs: Invalid identification or missing information?,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(1), pages 18-25, January.
Mentioned in:
Working papers
- Kamps, Christophe & Bussière, Matthieu & Niessner, Birgit & Tristani, Oreste & Christoffel, Kai & Kapadia, Sujit & Ferrero, Giuseppe & Gilbert, Niels & Vlassopoulos, Thomas & Motto, Roberto & Gerke, R, 2025.
"Report on monetary policy tools, strategy and communication,"
Occasional Paper Series
372, European Central Bank.
Cited by:
- Luca Baldo & Marco Bernardini, 2025. "What drives policy rate expectations? Evidence from the post-pandemic monetary policy cycle," Temi di discussione (Economic working papers) 1500, Bank of Italy, Economic Research and International Relations Area.
- Arden, Lucas & Hauptmeier, Sebastian & Kamps, Christophe, 2025. "Inflation-stabilizing monetary and fiscal policy rules at and away from the lower bound," Journal of Monetary Economics, Elsevier, vol. 156(C).
- Kerssenfischer, Mark & Schmeling, Maik, 2022.
"What moves markets?,"
Discussion Papers
16/2022, Deutsche Bundesbank.
- Kerssenfischer, Mark & Schmeling, Maik, 2024. "What moves markets?," Journal of Monetary Economics, Elsevier, vol. 145(C).
Cited by:
- Kerssenfischer, Mark & Helmus, Caspar, 2024. "Outages in sovereign bond markets," Working Paper Series 2944, European Central Bank.
- Lea Best & Benjamin Born & Manuel Menkhoff, 2025. "The Impact of Interest: Firms' Investment Sensitivity to Interest Rates," CESifo Working Paper Series 12167, CESifo.
- Kerssenfischer, Mark, 2019.
"Information effects of euro area monetary policy: New evidence from high-frequency futures data,"
Discussion Papers
07/2019, Deutsche Bundesbank.
- Kerssenfischer, Mark, 2019. "Information Effects of Euro Area Monetary Policy: New evidence from high-frequency futures data," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203524, Verein für Socialpolitik / German Economic Association.
Cited by:
- 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).
- Hülsewig, Oliver & Rottmann, Horst, 2021.
"Euro area house prices and unconventional monetary policy surprises,"
Economics Letters, Elsevier, vol. 205(C).
- Oliver Hülsewig & Horst Rottmann, 2021. "Euro Area House Prices and Unconventional Monetary Policy Surprises," CESifo Working Paper Series 9045, CESifo.
- Marco Pinchetti & Andrzej Szczepaniak, 2021.
"Global spillovers of the Fed information effect,"
Bank of England working papers
952, Bank of England.
- Marco Pinchetti & Andrzej Szczepaniak, 2024. "Global Spillovers of the Fed Information Effect," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(2), pages 773-819, June.
- Kapp, Daniel & Kristiansen, Kristian, 2021. "Euro area equity risk premia and monetary policy: a longer-term perspective," Working Paper Series 2535, European Central Bank.
- Hubert, Paul & Labondance, Fabien, 2021. "The signaling effects of central bank tone," European Economic Review, Elsevier, vol. 133(C).
- Gnewuch, Matthias, 2022. "Spillover effects of sovereign debt-based quantitative easing in the euro area," European Economic Review, Elsevier, vol. 145(C).
- Andrejs Zlobins, 2024. "On the time-varying effects of the ECB’s asset purchases," Empirical Economics, Springer, vol. 66(6), pages 2593-2623, June.
- 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.
- 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.
- Andrejs Zlobins, 2021.
"Macroeconomic effects of the ECB’S forward guidance,"
Empirical Economics, Springer, vol. 61(5), pages 2587-2611, November.
- Andrejs Zlobins, 2019. "Macroeconomic Effects of the ECB's Forward Guidance," Working Papers 2019/03, Latvijas Banka.
- Franz, Thorsten, 2020. "Central bank information shocks and exchange rates," Discussion Papers 13/2020, Deutsche Bundesbank.
- Fabian Fink & Lukas Frei & Thomas Maag & Tanja Zehnder, 2020.
"The impact of SNB monetary policy on the Swiss franc and longer-term interest rates,"
Working Papers
2020-01, Swiss National Bank.
- Fabian Fink & Lukas Frei & Thomas Maag & Tanja Zehnder, 2024. "The Impact of SNB Monetary Policy on the Swiss Franc and Longer-Term Interest Rates," International Journal of Central Banking, International Journal of Central Banking, vol. 20(1), pages 53-92, February.
- Martínez-Hernández, Catalina, 2020. "Disentangling the effects of multidimensional monetary policy on inflation and inflation expectations in the euro area," Discussion Papers 2020/18, Free University Berlin, School of Business & Economics.
- Martin Baumgärtner & Jens Klose, 2021. "Why central banks announcing liquidity injections is more effective than forward guidance," International Finance, Wiley Blackwell, vol. 24(2), pages 236-256, August.
- Jung, Alexander & Kühl, Patrick, 2021.
"Can central bank communication help to stabilise inflation expectations?,"
Working Paper Series
2547, European Central Bank.
- Alexander Jung & Patrick Kuehl, 2021. "Can central bank communication help to stabilise inflation expectations?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(3), pages 298-321, July.
- 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).
- Oliver Hülsewig & Horst Rottmann, 2020. "Euro Area Periphery Countries' Fiscal Policy and Monetary Policy Surprises," CESifo Working Paper Series 8041, CESifo.
- Oliver Hülsewig & Horst Rottmann, 2022. "Euro Area Periphery Countries' Fiscal Policy and Monetary Policy Surprises," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(3), pages 544-568, June.
- Kugler, Peter, 2020. "The Short-Run Impact of Interest Rates on Exchange Rates: Results for the Swiss franc Against the Euro and US Dollar from Daily Data 2001-2011," Working papers 2020/01, Faculty of Business and Economics - University of Basel.
- Adam Elbourne, 2019. "SVARs, the central bank balance sheet and the effects of unconventional monetary policy in the euro area," CPB Discussion Paper 407, CPB Netherlands Bureau for Economic Policy Analysis.
- Daniel Gründler & Eric Mayer & Johann Scharler, 2021.
"Monetary Policy Announcements, Information Schocks, and Exchange Rate Dynamics,"
Working Papers
2021-16, Faculty of Economics and Statistics, Universität Innsbruck.
- Daniel Gründler & Eric Mayer & Johann Scharler, 2023. "Monetary Policy Announcements, Information Shocks, and Exchange Rate Dynamics," Open Economies Review, Springer, vol. 34(2), pages 341-369, April.
- Breitenlechner, Max & Gründler, Daniel & Scharler, Johann, 2021. "Unconventional monetary policy announcements and information shocks in the U.S," Journal of Macroeconomics, Elsevier, vol. 67(C).
- Victoria Bannikova, 2022. "Modelling Monetary Surprises Impact on Exchange Rate in Euro Area: Role of Revision of Expectations," Russian Journal of Money and Finance, Bank of Russia, vol. 81(3), pages 3-21, September.
- Patrick Hirsch & Lars P. Feld & Ekkehard A. Köhler, 2023. "Breaking Monetary Policy News: The Role of Mass Media Coverage of ECB Announcements for Public Inflation Expectations," CESifo Working Paper Series 10285, CESifo.
- Fernandes, Cecilia Melo, 2021. "ECB communication as a stabilization and coordination device: evidence from ex-ante inflation uncertainty," Working Paper Series 2582, European Central Bank.
- van der Zwan, Terri & Kole, Erik & van der Wel, Michel, 2024. "Heterogeneous macro and financial effects of ECB asset purchase programs," Journal of International Money and Finance, Elsevier, vol. 143(C).
- Coenen, Günter & Montes-Galdón, Carlos & Saint Guilhem, Arthur & Hutchinson, John & Motto, Roberto, 2022. "Rate forward guidance in an environment of large central bank balance sheets: a Eurosystem stock-taking assessment," Occasional Paper Series 290, European Central Bank.
- Jung, Alexander & Uhlig, Harald, 2019. "Monetary policy shocks and the health of banks," Working Paper Series 2303, European Central Bank.
- 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).
- Karau, Sören, 2021. "Monetary policy and Bitcoin," Discussion Papers 41/2021, Deutsche Bundesbank.
- Gürkaynak, Refet S. & Kara, A. Hakan & Kısacıkoğlu, Burçin & Lee, Sang Seok, 2021.
"Monetary policy surprises and exchange rate behavior,"
Journal of International Economics, Elsevier, vol. 130(C).
- Refet S. Gürkaynak & A. Hakan Kara & Burcin Kisacikoglu, 2020. "Monetary Policy Surprises and Exchange Rate Behavior," CESifo Working Paper Series 8557, CESifo.
- Refet S. Gürkaynak & A. Hakan Kara & Burçin Kısacıkoğlu & Sang Seok Lee, 2020. "Monetary Policy Surprises and Exchange Rate Behavior," NBER Working Papers 27819, National Bureau of Economic Research, Inc.
- Gürkaynak, Refet & Kara, A. Hakan & Kısacıkoğlu, Burçin & Lee, Sang Seok, 2020. "Monetary Policy Surprises and Exchange Rate Behavior," CEPR Discussion Papers 15289, C.E.P.R. Discussion Papers.
- Gürkaynak, Refet S. & Kara, Ali Hakan & Kısacıkoğlu, Burçin & Lee, Sang Seok, 2020. "Monetary policy surprises and exchange rate behavior," CFS Working Paper Series 642, Center for Financial Studies (CFS).
- Refet S. Gürkaynak & A. Hakan Kara & Burçin Kısacıkoğlu & Sang Seok Lee, 2020. "Monetary Policy Surprises and Exchange Rate Behavior," NBER Chapters, in: NBER International Seminar on Macroeconomics 2020, National Bureau of Economic Research, Inc.
- Siekmann, Helmut & Wieland, Volker, 2020. "The ruling of the Federal Constitutional Court concerning the public sector purchase program: A practical way forward," IMFS Working Paper Series 140, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Jarociński, Marek, 2020.
"Central bank information effects and transatlantic spillovers,"
Working Paper Series
2482, European Central Bank.
- Jarociński, Marek, 2022. "Central bank information effects and transatlantic spillovers," Journal of International Economics, Elsevier, vol. 139(C).
- Parle, Conor, 2022.
"The financial market impact of ECB monetary policy press conferences — A text based approach,"
European Journal of Political Economy, Elsevier, vol. 74(C).
- Parle, Conor, 2021. "The financial market impact of ECB monetary policy press conferences - a text based approach," Research Technical Papers 4/RT/21, Central Bank of Ireland.
- Andrejs Zlobins, 2021. "On the Time-varying Effects of the ECB's Asset Purchases," Working Papers 2021/02, Latvijas Banka.
- Michael Smolyansky & Gustavo A. Suarez, 2021. "Non-monetary news in Fed announcements: Evidence from the corporate bond market," Finance and Economics Discussion Series 2021-010r1, Board of Governors of the Federal Reserve System (U.S.), revised 31 Jan 2025.
- Jung, Alexander, 2023. "Are monetary policy shocks causal to bank health? Evidence from the euro area," Journal of Macroeconomics, Elsevier, vol. 75(C).
- Murgia, Lucia M., 2020. "The effect of monetary policy shocks on macroeconomic variables: Evidence from the Eurozone," Economics Letters, Elsevier, vol. 186(C).
- Eminidou, Snezana & Zachariadis, Marios, 2022. "Firms’ expectations and monetary policy shocks in the euro area," Journal of International Money and Finance, Elsevier, vol. 122(C).
- Andrejs Zlobins, 2020. "ZLB and Beyond: Real and Financial Effects of Low and Negative Interest Rates in the Euro Area," Working Papers 2020/06, Latvijas Banka.
- Alessi, Lucia & Kerssenfischer, Mark, 2016.
"The response of asset prices to monetary policy shocks: stronger than thought,"
Working Paper Series
1967, European Central Bank.
- Lucia Alessi & Mark Kerssenfischer, 2019. "The response of asset prices to monetary policy shocks: Stronger than thought," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(5), pages 661-672, August.
Cited by:
- Boer, Lukas & Lütkepohl, Helmut, 2021.
"Qualitative versus quantitative external information for proxy vector autoregressive analysis,"
Journal of Economic Dynamics and Control, Elsevier, vol. 127(C).
- Lukas Boer & Helmut Lütkepohl, 2021. "Qualitative versus Quantitative External Information for Proxy Vector Autoregressive Analysis," Discussion Papers of DIW Berlin 1940, DIW Berlin, German Institute for Economic Research.
- Kerssenfischer, Mark, 2017. "The effects of US monetary policy shocks: Applying external instrument identification to a dynamic factor model," Discussion Papers 08/2017, Deutsche Bundesbank.
- Mumtaz, Haroon & Theodoridis, Konstantinos, 2020.
"Fiscal policy shocks and stock prices in the United States,"
European Economic Review, Elsevier, vol. 129(C).
- Haroon Mumtaz & Konstantinos Theodoridis, 2017. "Fiscal Policy Shocks and Stock Prices in the United States," Working Papers 817, Queen Mary University of London, School of Economics and Finance.
- Haroon Mumtaz & Konstantinos Theodoridis, 2021. "Fiscal policy shocks and stock prices in the United States," Working Papers 48, European Stability Mechanism.
- Konstantinos Theodoridis & Haroon Mumtaz, 2017. "Fiscal policy shocks and stock prices in the United States," Working Papers 178117307, Lancaster University Management School, Economics Department.
- Mumtaz, Haroon & Theodoridis, Konstantinos, 2018. "Fiscal Policy Shocks and Stock Prices in the United State," Cardiff Economics Working Papers E2018/20, Cardiff University, Cardiff Business School, Economics Section.
- Wei Zhang, 2024. "Bayesian Dynamic Factor Models for High-dimensional Matrix-valued Time Series," Papers 2409.08354, arXiv.org, revised Aug 2025.
- Gries, Thomas & Mitschke, Alexandra, 2019.
"Systemic instability of the interbank credit market: A contribution to a resilient financial system,"
VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy
203582, Verein für Socialpolitik / German Economic Association.
- Thomas Gries & Alexandra Mitschke, 2021. "Systemic Instability of the Interbank Credit Market - A Contribution to a Resilient Financial System," Working Papers Dissertations 75, Paderborn University, Faculty of Business Administration and Economics.
- Lütkepohl, Helmut & Schlaak, Thore, 2021.
"Heteroskedastic Proxy Vector Autoregressions,"
VfS Annual Conference 2021 (Virtual Conference): Climate Economics
242399, Verein für Socialpolitik / German Economic Association.
- Helmut Lütkepohl & Thore Schlaak, 2022. "Heteroscedastic Proxy Vector Autoregressions," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 40(3), pages 1268-1281, June.
- Helmut Lütkepohl & Thore Schlaak, 2020. "Heteroskedastic Proxy Vector Autoregressions," Discussion Papers of DIW Berlin 1876, DIW Berlin, German Institute for Economic Research.
- Anwar, Cep Jandi, 2021. "Heterogeneity Effect of Central Bank Independence on Asset Prices: Evidence from Selected Developing Countries," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 55(2), pages 65-80.
- Hoshino, Satoshi & Ida, Daisuke, 2025.
"Stock prices and monetary policy: Analysis of a Bayesian DSGE model,"
Economic Modelling, Elsevier, vol. 148(C).
- Hoshino, Satoshi & Ida, Daisuke, 2025. "Stock prices and monetary policy: Analysis of a Bayesian DSGE model," MPRA Paper 124045, University Library of Munich, Germany, revised 21 Mar 2025.
- 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.
- Barigozzi, Matteo & Lippi, Marco & Luciani, Matteo, 2021. "Large-dimensional Dynamic Factor Models: Estimation of Impulse–Response Functions with I(1) cointegrated factors," Journal of Econometrics, Elsevier, vol. 221(2), pages 455-482.
- Anthony Olugbenga ADARAMOLA & Peter Akinyemi KAYODE, 2022. "Is Monetary Policy - Stock Price Behaviour Effect Sector-Sensitive? Evidence From Nigeria," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 7(3), pages 171-193.
- Christophe Blot & Fabien Labondance, 2021.
"Beyond the Interest Rate Pass-through: Monetary Policy and Banks Interest Rates during the Effective Lower Bound,"
Working Papers
2021-03, CRESE.
- Christophe Blot & Fabien Labondance, 2021. "Beyond the Interest Rate Pass-through: Monetary Policy and Banks Interest Rates during the Effective Lower Bound," Working Papers hal-04221606, HAL.
- Christophe Blot & Fabien Labondance, 2021. "Beyond the Interest Rate Pass-through: Monetary Policy and Banks Interest Rates during the Effective Lower Bound," Sciences Po Economics Publications (main) hal-04221606, HAL.
- Akkaya, Yıldız & Bitter, Lea & Brand, Claus & Fonseca, Luís, 2024. "A statistical approach to identifying ECB monetary policy," Working Paper Series 2994, European Central Bank.
- Juho Koistinen & Bernd Funovits, 2022. "Estimation of Impulse-Response Functions with Dynamic Factor Models: A New Parametrization," Papers 2202.00310, arXiv.org, revised Feb 2022.
- Helmut Lütkepohl & Aleksei Netsunajev, 2018.
"The Relation between Monetary Policy and the Stock Market in Europe,"
Discussion Papers of DIW Berlin
1729, DIW Berlin, German Institute for Economic Research.
- Helmut Lütkepohl & Aleksei Netšunajev, 2018. "The Relation between Monetary Policy and the Stock Market in Europe," Econometrics, MDPI, vol. 6(3), pages 1-14, August.
- Christophe Blot & Paul Hubert & Fabien Labondance, 2020.
"The asymmetric effects of monetary policy on stock price bubbles,"
Working Papers
hal-03403075, HAL.
- 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).
- Blot, Christophe & Hubert, Paul & Labondance, Fabien, 2024. "The asymmetric effects of monetary policy on stock price bubbles," European Economic Review, Elsevier, vol. 168(C).
- Christophe Blot & Paul Hubert & Fabien Labondance, 2020. "The asymmetric effects of monetary policy on stock price bubbles," Sciences Po Economics Publications (main) hal-03403075, HAL.
- Bettendorf, Timo, 2025. "Disentangling supply-side and demand-side effects of uncertainty shocks on U.S. financial markets: Identification using prices of gold and oil," Discussion Papers 10/2025, Deutsche Bundesbank.
- Mirela Sorina Miescu & Giorgio Motta & Dario Pontiggia & Raffaele Rossi, 2023. "The Expansionary Effects Of Housing Credit Supply Shocks," Working Papers 399832231, Lancaster University Management School, Economics Department.
- 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.
- Jonas Meier, 2020. "Multivariate Distribution Regression," Diskussionsschriften dp2023, Universitaet Bern, Departement Volkswirtschaft.
- 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).
- Amat Adarov, 2017. "Financial Cycles in Credit, Housing and Capital Markets: Evidence from Systemic Economies," wiiw Working Papers 140, The Vienna Institute for International Economic Studies, wiiw.
- Helmut Herwartz & Simone Maxand & Hannes Rohloff, 2022. "The Link between Monetary Policy, Stock Prices, and House Prices—Evidence from a Statistical Identification Approach," International Journal of Central Banking, International Journal of Central Banking, vol. 18(5), pages 1-53, December.
- Sharif, Taimur & Bouteska, Ahmed & Zoynul Abedin, Mohammad & Cotturone, Saulo, 2025. "An enquiry into the monetary policy and stock market shocks in the US," International Review of Economics & Finance, Elsevier, vol. 98(C).
- Mirela Miescu & Haroon Mumtaz, 2019.
"Proxy structural vector autoregressions, informational sufficiency and the role of monetary policy,"
Working Papers
280730188, Lancaster University Management School, Economics Department.
- Mirela S. Miescu & Haroon Mumtaz, 2019. "Proxy structural vector autoregressions, informational sufficiency and the role of monetary policy," Working Papers 894, Queen Mary University of London, School of Economics and Finance.
- Takumah, Wisdom, 2023. "Fiscal Policy and Asset Prices in a Dynamic Factor Model with Cointegrated Factors," MPRA Paper 117897, University Library of Munich, Germany, revised 10 Jul 2023.
Articles
- Kerssenfischer, Mark & Schmeling, Maik, 2024.
"What moves markets?,"
Journal of Monetary Economics, Elsevier, vol. 145(C).
See citations under working paper version above.
- Kerssenfischer, Mark & Schmeling, Maik, 2022. "What moves markets?," Discussion Papers 16/2022, Deutsche Bundesbank.
- Kerssenfischer, Mark, 2022.
"Information effects of euro area monetary policy,"
Economics Letters, Elsevier, vol. 216(C).
Cited by:
- 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.
- Sangyup Choi & Kimoon Jeong & Jiseob Kim, 2025. "Asymmetric Mortgage Channel of Monetary Policy: Refinancing as a Call Option," CAMA Working Papers 2025-02, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Bobasu, Alina & Ciccarelli, Matteo & Notarpietro, Alessandro & Ambrocio, Gene & Auer, Simone & Bonfim, Diana & Bottero, Margherita & Brázdik, František & Buss, Ginters & Byrne, David & Casalis, André , 2025. "Monetary policy transmission: a reference guide through ESCB models and empirical benchmarks," Occasional Paper Series 377, European Central Bank.
- Marco Pinchetti & Andrzej Szczepaniak, 2021.
"Global spillovers of the Fed information effect,"
Bank of England working papers
952, Bank of England.
- Marco Pinchetti & Andrzej Szczepaniak, 2024. "Global Spillovers of the Fed Information Effect," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(2), pages 773-819, June.
- Akkaya, Yıldız & Bitter, Lea & Brand, Claus & Fonseca, Luís, 2024. "A statistical approach to identifying ECB monetary policy," Working Paper Series 2994, European Central Bank.
- Jung, Alexander & Kühl, Patrick, 2021.
"Can central bank communication help to stabilise inflation expectations?,"
Working Paper Series
2547, European Central Bank.
- Alexander Jung & Patrick Kuehl, 2021. "Can central bank communication help to stabilise inflation expectations?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(3), pages 298-321, July.
- Karau, Sören, 2024. "Relative monetary policy and exchange rates," Discussion Papers 40/2024, Deutsche Bundesbank.
- Fernandes, Cecilia Melo, 2021. "ECB communication as a stabilization and coordination device: evidence from ex-ante inflation uncertainty," Working Paper Series 2582, European Central Bank.
- Gökhan Ider & Alexander Kriwoluzky & Frederik Kurcz & Ben Schumann, 2023.
"The Energy-Price Channel of (European) Monetary Policy,"
Discussion Papers of DIW Berlin
2033, DIW Berlin, German Institute for Economic Research.
- Ider, Gökhan & Kriwoluzky, Alexander & Kurcz, Frederik & Schumann, Ben, 2023. "The Energy-Price Channel of (European) Monetary Policy," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277710, Verein für Socialpolitik / German Economic Association.
- 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).
- Carlos Alba & Julio A. Carrillo & Raúl Ibarra, 2024. "Information Effects of US Monetary Policy Announcements on Emerging Economies: Evidence from Mexico," Working Papers 2024-14, Banco de México.
- 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.
- Cima, Simone & Moreno, Marco, 2025. "Monetary Policy Shocks and their Effects across the Wealth Distribution: Evidence from new European data," Research Technical Papers 6/RT/25, Central Bank of Ireland.
- Karau, Sören, 2023. "Monetary policy and Bitcoin," Journal of International Money and Finance, Elsevier, vol. 137(C).
- Oliver Holtemöller & Alexander Kriwoluzky & Boreum Kwak, 2024.
"Is There an Information Channel of Monetary Policy?,"
Discussion Papers of DIW Berlin
2084, DIW Berlin, German Institute for Economic Research.
- Holtemöller, Oliver & Kriwoluzky, Alexander & Kwak, Boreum, 2024. "Is there an information channel of monetary policy?," IWH Discussion Papers 17/2020, Halle Institute for Economic Research (IWH), revised 2024.
- 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.
- 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.
- Lucia Alessi & Mark Kerssenfischer, 2019.
"The response of asset prices to monetary policy shocks: Stronger than thought,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(5), pages 661-672, August.
See citations under working paper version above.
- Alessi, Lucia & Kerssenfischer, Mark, 2016. "The response of asset prices to monetary policy shocks: stronger than thought," Working Paper Series 1967, European Central Bank.
- Mark Kerssenfischer, 2019.
"The puzzling effects of monetary policy in VARs: Invalid identification or missing information?,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 34(1), pages 18-25, January.
Cited by:
- Lorenti, A.Nicolás & Mora-Ruano, Rubén & Fernández Romero, Daniel & Angoitia Grijalba, Miguel, 2025. "Fiscal Forecast Errors in the Eurozone: The Influence of Independent Fiscal Institutions (IFIs) and Monetary Policy," Hacienda Pública Española / Review of Public Economics, IEF, vol. 254(3), pages 119-156, September.
- Yang, Yang & Zhang, Jiqiang, 2021. "Effects of monetary policy on the exchange rates: A Time-varying analysis," Finance Research Letters, Elsevier, vol. 43(C).
- Martin Bruns, 2019.
"Proxy VAR models in a data-rich environment,"
University of East Anglia School of Economics Working Paper Series
2019-03, School of Economics, University of East Anglia, Norwich, UK..
- Martin Bruns, 2019. "Proxy VAR Models in a Data-Rich Environment," Discussion Papers of DIW Berlin 1831, DIW Berlin, German Institute for Economic Research.
- Enzinger, Matthias & Gechert, Sebastian & Heimberger, Philipp & Prante, Franz & Romero, Daniel Fernández, 2025.
"The overstated effects of conventional monetary policy on output and prices,"
OSF Preprints
72cen_v2, Center for Open Science.
- Enzinger, Matthias & Gechert, Sebastian & Heimberger, Philipp & Prante, Franz & Romero, Daniel F., 2025. "The overstated effects of conventional monetary policy on output and prices," I4R Discussion Paper Series 264, The Institute for Replication (I4R).
- Stefan Schiman-Vukan & Harald Badinger, 2020.
"Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates,"
WIFO Working Papers
608, WIFO.
- Badinger, Harald & Schiman, Stefan, 2020. "Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates," Department of Economics Working Paper Series 300, WU Vienna University of Economics and Business.
- Harald Badinger & Stefan Schiman, 2020. "Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates," CESifo Working Paper Series 8558, CESifo.
- Harald Badinger & Stefan Schiman, 2020. "Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates," Department of Economics Working Papers wuwp300, Vienna University of Economics and Business, Department of Economics.
- Kerssenfischer, Mark, 2019.
"Information Effects of Euro Area Monetary Policy: New evidence from high-frequency futures data,"
VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy
203524, Verein für Socialpolitik / German Economic Association.
- Kerssenfischer, Mark, 2019. "Information effects of euro area monetary policy: New evidence from high-frequency futures data," Discussion Papers 07/2019, Deutsche Bundesbank.
- Juho Koistinen & Bernd Funovits, 2022. "Estimation of Impulse-Response Functions with Dynamic Factor Models: A New Parametrization," Papers 2202.00310, arXiv.org, revised Feb 2022.
- Giorgia De Nora, 2021. "Factor Augmented Vector-Autoregression with narrative identification. An application to monetary policy in the US," Working Papers 934, Queen Mary University of London, School of Economics and Finance.
- Carsen Jentsch & Kurt Graden Lunsford, 2019.
"Asymptotically Valid Bootstrap Inference for Proxy SVARs,"
Working Papers
19-08, Federal Reserve Bank of Cleveland.
- Carsten Jentsch & Kurt G. Lunsford, 2022. "Asymptotically Valid Bootstrap Inference for Proxy SVARs," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 40(4), pages 1876-1891, October.
- Paul Hubert & Frédérique Savignac, 2023.
"Monetary Policy and Labor Income Inequality: the Role of Extensive and Intensive Margins,"
Working papers
913, Banque de France.
- Hubert, Paul & Savignac, Frederique, 2023. "Monetary Policy and Labor Income Inequality: the Role of Extensive and Intensive Margins," CEPR Discussion Papers 18130, C.E.P.R. Discussion Papers.
- Paul Hubert & Frédérique Savignac, 2023. "Monetary Policy and Labor Income Inequality: the Role of Extensive and Intensive Margins," Sciences Po Economics Publications (main) hal-04524715, HAL.
- Paul Hubert & Frédérique Savignac, 2023. "Monetary Policy and Labor Income Inequality: the Role of Extensive and Intensive Margins," Working Papers hal-04524715, HAL.
- Dominik Bertsche, 2019. "The effects of oil supply shocks on the macroeconomy: a Proxy-FAVAR approachThe effects of oil supply shocks on the macroeconomy: a Proxy-FAVAR approach," Working Paper Series of the Department of Economics, University of Konstanz 2019-06, Department of Economics, University of Konstanz.
- Bruns, Martin, 2021. "Proxy Vector Autoregressions in a Data-rich Environment," Journal of Economic Dynamics and Control, Elsevier, vol. 123(C).
- Maurizio Daniele & Julie Schnaitmann, 2019. "A Regularized Factor-augmented Vector Autoregressive Model," Papers 1912.06049, arXiv.org.
More information
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NEP Fields
NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 7 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.- NEP-EEC: European Economics (6) 2016-10-16 2019-03-04 2019-11-04 2022-06-27 2024-07-15 2025-07-14. Author is listed
- NEP-MAC: Macroeconomics (6) 2016-10-16 2017-05-07 2019-03-04 2019-11-04 2022-06-27 2025-07-14. Author is listed
- NEP-CBA: Central Banking (4) 2017-05-07 2019-03-04 2019-11-04 2025-07-14
- NEP-MON: Monetary Economics (4) 2016-10-16 2017-05-07 2019-03-04 2019-11-04
- NEP-FMK: Financial Markets (2) 2022-06-27 2024-07-15
- NEP-MST: Market Microstructure (2) 2022-06-27 2024-07-15
- NEP-ECM: Econometrics (1) 2017-05-07
- NEP-FDG: Financial Development and Growth (1) 2022-06-27
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