Zobrazeno 1 - 10
of 16
pro vyhledávání: '"Francisco Vazquez-Grande"'
Publikováno v:
Working paper (Federal Reserve Bank of Cleveland).
We present a production economy with nominal price rigidities that explains several asset pricing facts, including a downward-sloping term structure of the equity premium, upward sloping term structures of nominal and real interest rates, and the cyc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::25c851d01c65a8cdaf5166a2c3b97b76
https://doi.org/10.26509/frbc-wp-202311
https://doi.org/10.26509/frbc-wp-202311
Publikováno v:
Working paper (Federal Reserve Bank of Cleveland).
We propose a novel approximation of the risky steady state and construct first-order perturbations around it for a general class of dynamic equilibrium models with time-varying and non-Gaussian risk. We offer analytical formulas and conditions for th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::80ca77346b97514b4b82cd38dbfa8b6e
https://doi.org/10.26509/frbc-wp-202214
https://doi.org/10.26509/frbc-wp-202214
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f10e392ff11d60922e44e5da55e9fe91
https://doi.org/10.2139/ssrn.4106612
https://doi.org/10.2139/ssrn.4106612
Publikováno v:
Economic Perspectives.
An inverted yield curve—defined as an episode in which long-maturity Treasury yields fall below their short-maturity counterparts—is a powerful near-term predictor of recessions. While most previous studies focus on the predictive power of the sp
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0ca3777b831c0e81ad2fb76423a5caba
https://doi.org/10.21033/ep-2022-4
https://doi.org/10.21033/ep-2022-4
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::85a2b4551eb073688c98ce444f2f120f
https://doi.org/10.2139/ssrn.4179525
https://doi.org/10.2139/ssrn.4179525
Publikováno v:
FEDS Notes. -None
Since the beginning of this year, broad equity price indexes around the world have declined significantly. In interpreting the declines, market commentaries have highlighted the risks to the economic outlook in the United States and other advanced ec
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::507b392c96f6783d68e7bff1974962f1
https://doi.org/10.17016/2380-7172.3176
https://doi.org/10.17016/2380-7172.3176
Publikováno v:
FEDS Notes. 2020
Between March and September 2020, broad equity price indexes around the world experienced a historic rally. Although this rally followed a significant decline in stock prices, it appears difficult to explain due to continuing concerns about the globa
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::75632936af1fab6d18d99c20557bbef9
https://doi.org/10.17016/2380-7172.2800
https://doi.org/10.17016/2380-7172.2800
Publikováno v:
Journal of Applied Econometrics. 34:425-436
We present evidence that the natural rate of interest is buffeted by both permanent and transitory shocks. We establish this result by estimating a benchmark model with Bayesian methods and loose priors on the unobserved drivers of the natural rate.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::333f7159cdf2652c7601229376a7fe7d
https://doi.org/10.1002/jae.2671
https://doi.org/10.1002/jae.2671
Publikováno v:
SSRN Electronic Journal.
We obtain a novel formulation for first-order perturbations around the risky steady of a general class of dynamic equilibrium models with time-varying and non-Gaussian risk. We offer explicit formulas and conditions for their local existence and uniq
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4c8817710200af55a9fa303a6fd76464
https://doi.org/10.2139/ssrn.3643629
https://doi.org/10.2139/ssrn.3643629