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supply shocks

Identifying credit supply shocks with bank firm data: methods and applications  National Bank of Belgium, Working Paper No  347

Identifying credit supply shocks with bank firm data: methods and applications National Bank of Belgium, Working Paper No 347

... 6 We use a comprehensive dataset on monthly bank-firm level credit from the Central Corporate Credit Register (CCCR) in Belgium to measure bank credit supply shocks over the period 2002-2012. The ...

57

A note on the identification and transmission of energy demand and supply shocks

A note on the identification and transmission of energy demand and supply shocks

... measuring shocks in the market for energy is of paramount importance for policy-makers ...energy) shocks to variables of interest such as out- put, price inflation, and a short term interest rate; see for ...

19

Credit supply shocks in the US housing market

Credit supply shocks in the US housing market

... credit supply shocks from credit demand ...credit supply component of lending distance in the first stage and then examine how this supply-side measure of distance affects the quality of loans ...

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The impact of supply shocks on unemployment in Spain

The impact of supply shocks on unemployment in Spain

... that although supply shocks do not seem to have an effect on the unemployment rate, they do have an effect on the equilibrium unemployment rate. The effect on the equilibrium rate of unemployment of a rise ...

6

The Nature of Aggregate Demand and Supply Shocks in ASEAN Countries

The Nature of Aggregate Demand and Supply Shocks in ASEAN Countries

... Unlike previous studies, it is found that changes in the output level are mainly driven by aggregate demand shocks, whereas supply shocks are playing the dominant role in affecting infla[r] ...

23

Role of Demand and Supply Shocks in Driving Inflation: A Case Study of Pakistan

Role of Demand and Supply Shocks in Driving Inflation: A Case Study of Pakistan

... structralist supply-side factors for inflation in ...money supply (M2) and nominal exchange rate, while support price of wheat was used to proxy supply ...that supply shocks do play an ...

15

Supply shocks and currency crises: the policy dilemma reconsidered

Supply shocks and currency crises: the policy dilemma reconsidered

... The ABB analysis assumes that there is no aggregate demand failure resulting from the productivity shock. Investment may fall due to balance sheet effects, but this does not affect output at the time of the currency ...

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Supply shocks and currency crises: the policy dilemma reconsidered

Supply shocks and currency crises: the policy dilemma reconsidered

... the supply contraction identified on the Blanchard/Quah criterion be endogenous -- due to the lagged effects of low investment and bankruptcy in a severe demand recession? 24 On this interpretation, the contagion ...

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Supply shocks and currency crises: the policy dilemma reconsidered

Supply shocks and currency crises: the policy dilemma reconsidered

... Exchange rate crises often face monetary policy-makers with a cruel dilemma: whether to raise interest rates to save the currency from collapse or to lower them to maintain investment and future output. In section 2, the ...

41

Identifying long run supply curve of India

Identifying long run supply curve of India

... and supply shocks ...structural shocks. It is also necessary to assume that the two aggregate shocks represent the average dynamic effects of potentially many underlying ...and supply ...

20

EXCHANGE RATE PASS-THROUGH AND CONSUMER PRICES: EMPIRICAL EVIDENCE FROM THE GAMBIA

EXCHANGE RATE PASS-THROUGH AND CONSUMER PRICES: EMPIRICAL EVIDENCE FROM THE GAMBIA

... of supply shocks, M2 money supply is used an indicator of monetary policy stand, and finally we used the nominal effective exchange rate as a measure of exchange ...international shocks on ...

11

Ch35_The Short run tradeoff between inflation and unemployment.

Ch35_The Short run tradeoff between inflation and unemployment.

...  Supply shocks and changes in expected inflation shift the short-run Phillips curve, making the. tradeoff more or less favorable.[r] ...

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Essays in the Application of Linear and Non-Linear Bayesian VAR Models to the Macroeconomic Impacts of Energy Price Shocks

Essays in the Application of Linear and Non-Linear Bayesian VAR Models to the Macroeconomic Impacts of Energy Price Shocks

... of shocks that would results from: (1) supply shocks caused by exogenous disruptions in US natural gas production; (2) demand shocks driven by unpredicted changes in US economic activity; and ...

173

Animal spirits, investment and unemployment: An old Keynesian view of the Great Recession

Animal spirits, investment and unemployment: An old Keynesian view of the Great Recession

... Proposition 2 suggests three interesting conclusions. First, in the decentralized model the equilibrium values of the belief function and the matching shock univocally select equilibrium (un)employment by solving the ...

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Supply, demand and monetary policy shocks in a multi country new Keynesian model

Supply, demand and monetary policy shocks in a multi country new Keynesian model

... identied supply, demand and monetary pol- icy ...country supply, demand and monetary policy shocks are orthogonal, though shocks of the same type ...(e.g. supply shocks in ...

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Cyclicality of Fiscal Policy: Permanent and Transitory Shocks

Cyclicality of Fiscal Policy: Permanent and Transitory Shocks

... The theoretical literature on cyclicality of fiscal policy since Barro (1979) has been quite scarce. 2 Much of it has focused on the role of various components of fiscal policy such as automatic stabilizers, in ...

34

An estimated dynamic stochastic general equilibrium model of the euro area. NBB Working Paper Nr. 35

An estimated dynamic stochastic general equilibrium model of the euro area. NBB Working Paper Nr. 35

... structural shocks -- two “supplyshocks (a productivity and labour supply shock), three “demand” shocks (a preference, an investment and a government spending shock), three mark-up ...

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The Post Crisis Slump in the Euro Area and the US

The Post Crisis Slump in the Euro Area and the US

... and supply shocks in goods, labor and asset markets, and it allows for nominal and real rigidities and financial ...the shocks that have driven the divergent EA and US adjustment paths — and, hence, ...

6

The proposed eco: should West Africa proceed with a common currency?

The proposed eco: should West Africa proceed with a common currency?

... external shocks, supply shocks, demand shocks and monetary ...external shocks to countries in the region. The pattern of supply, demand and monetary shocks among the ...

36

The Volatility of the Tradeable and Nontradeable Sectors: Theory and Evidence

The Volatility of the Tradeable and Nontradeable Sectors: Theory and Evidence

... monetary shocks, which are the most important source of fl uctuations in the model (although technology shocks also have a role in explaining sectoral employment ...

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