Estimating the Impact of Financial Investments on Agricultural Futures Prices using Changes in Volatility

Autor: Michael Hachula, Malte Rieth

Publikováno v: American Journal of Agricultural Economics. 102:759-785

This paper studies the impact of financial investments on agricultural futures prices, using structural vector autoregressions. We identify exogenous variation in net long positions of speculators through heteroskedasticity. We first show that demand

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::ae3c14006d343133d588425d2d8e1d35
https://doi.org/10.1093/ajae/aaz024

Spillovers of U.S. unconventional monetary policy to emerging markets: The role of capital flows

Autor: Michael Hachula, Christian J. Offermanns, Pablo Anaya

Publikováno v: Journal of International Money and Finance. 73:275-295

We employ a structural global VAR model to analyze whether U.S. unconventional monetary policy shocks, identified through changes in the central bank’s balance sheet, have an impact on financial and economic conditions in emerging market economies

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::4afbb8c69dc8bcc719e1401895ba2ef8
https://doi.org/10.1016/j.jimonfin.2017.02.008

Unconventional monetary policy, fiscal side effects and euro area (im)balances

Autor: Malte Rieth, Michael Hachula, Michele Piffer

Publikováno v: Piffer, M, Hachula, M & Rieth, M 2020, ' Unconventional monetary policy, fiscal side effects and euro area (im)balances ', Journal of the European Economic Association, vol. 18, no. 1, pp. 202-231 . https://doi.org/10.1093/jeea/jvy052

We study the effects and transmission channels of non-standard monetary policy in the euro area using structural vector autoregressions, identified with an external instrument. The instrument is the common component of unexpected variations in euro a

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::59e958de0a38aff026db4fa5dd8292bf
https://hdl.handle.net/10419/144822

Assessing the Gains from International Macroprudential Policy Cooperation.

Autor: AGÉNOR, PIERRE‐RICHARD giannilmbd@gmail.com, JACKSON, TIMOTHY Leonardo.gambacorta@bis.org, KHARROUBI, ENISSE enisse.kharroubi@bis.org, GAMBACORTA, LEONARDO Leonardo.gambacorta@bis.org, LOMBARDO, GIOVANNI giannilmbd@gmail.com, SILVA, LUIZ A. PEREIRA DA luiz.apereira@bis.org

Publikováno v: Journal of Money, Credit & Banking (John Wiley & Sons, Inc.). Oct2021, Vol. 53 Issue 7, p1819-1866. 48p.

Unconventional Monetary Policy, Fiscal Side Effects, and Euro Area (Im)balances.

Autor: Hachula, Michael¹ (AUTHOR) mhachula@t-online.de, Piffer, Michele² (AUTHOR) m.b.piffer@gmail.com, Rieth, Malte¹ (AUTHOR) mrieth@diw.de

Publikováno v: Journal of the European Economic Association. Feb2020, Vol. 18 Issue 1, p202-231. 30p. 1 Chart, 11 Graphs.