Zobrazeno 1 - 10
of 75
pro vyhledávání: '"Michal Brzoza-Brzezina"'
Publikováno v:
Journal of the European Economic Association. 20:549-580
This paper investigates the distributional consequences of monetary policy across generations. We use a life-cycle model with a rich asset structure as well as nominal and real rigidities, calibrated to the euro area using both macroeconomic aggregat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5834ee8835d93e2450c8b89a15a5bff5
https://doi.org/10.1093/jeea/jvab032
https://doi.org/10.1093/jeea/jvab032
Publikováno v:
Journal of Money, Credit and Banking. 52:1691-1718
We study the implications of multiperiod mortgage loans for monetary policy, considering several realistic modifications—fixed interest rate contracts, a lower bound constraint on newly granted loans, and the possibility of the collateral constrain
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::19e9cc1fd052be95775c22768176d395
https://doi.org/10.1111/jmcb.12689
https://doi.org/10.1111/jmcb.12689
Publikováno v:
Empirical Economics. 61:773-798
The economic literature has for a long time been looking for explanations of a very strong international correlation of business cycles. This paper shows empirically that common fluctuations can to some degree be the effect of confidence shocks being
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::71819297815960e1953127912dc1633c
https://doi.org/10.1007/s00181-020-01887-3
https://doi.org/10.1007/s00181-020-01887-3
Publikováno v:
Journal of Monetary Economics. 108:135-139
This note discusses the article “The limits of forward guidance” by Jeffrey R. Campbell, Filippo Ferroni, Jonas D. M. Fisher and Leonardo Melosi. The Authors make an excellent contribution to the literature on solving the forward guidance puzzle
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::006b955535eeef8b75cb4c7065dd3d6e
https://doi.org/10.1016/j.jmoneco.2019.09.004
https://doi.org/10.1016/j.jmoneco.2019.09.004
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::85e5c6c02370a06024317324663988e9
https://doi.org/10.2139/ssrn.4026503
https://doi.org/10.2139/ssrn.4026503
Publikováno v:
JCMS: Journal of Common Market Studies. 57:336-352
Boom‐bust cycles in the eurozone periphery almost toppled the single currency and recent experience suggests that they may return soon. We check whether monetary or macroprudential policy could have prevented the periphery's violent boom and bust a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fc1494f2748fe752c7651d9985384de2
https://doi.org/10.1111/jcms.12795
https://doi.org/10.1111/jcms.12795
Publikováno v:
Macroeconomic Dynamics. 24:601-628
Country risk premia can substantially affect macroeconomic dynamics. We concentrate on one of their most important determinants—a country’s net foreign asset (NFA) position and—in contrast to the existing research—investigate its nonlinear li
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::50c51702089f710eacc1386d8f5fde3b
https://doi.org/10.1017/s136510051800038x
https://doi.org/10.1017/s136510051800038x
Publikováno v:
Journal of Macroeconomics. 54:352-372
In a number of countries a substantial proportion of mortgage loans is denominated in foreign currency. In this paper we demonstrate how their presence affects economic policy and agents’ welfare. To this end we construct a small open economy model
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d0f99fae31c3f91764b2410b63301879
https://doi.org/10.1016/j.jmacro.2017.07.004
https://doi.org/10.1016/j.jmacro.2017.07.004
Autor:
Michal Brzoza-Brzezina
Publikováno v:
Applied Economics Letters. 23:1029-1033
This letter compares the consequences of hitting the zero lower bound in small open and large closed economies. I show that in a large economy shocks are modified by the zero lower bound on interest rate much more than in a small one – as a result,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::cfad74cb7d5827c7077ffda5792e2ed7
https://doi.org/10.1080/13504851.2015.1130213
https://doi.org/10.1080/13504851.2015.1130213