Zobrazeno 1 - 10
of 30
pro vyhledávání: '"Petra Gerlach-Kristen"'
Publikováno v:
Russian Journal of Money and Finance. 77:23-48
We derive daily market‐based domestic long‐term inflation expectations for eight countries without inflation swap markets. To do so, we use foreign inflation swaps together with (1) foreign and domestic interest rate swaps assuming that purchasin
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a0985b047ef7e6a7d474256fbf686295
https://doi.org/10.31477/rjmf.201803.23
https://doi.org/10.31477/rjmf.201803.23
Autor:
Rossana Merola, Petra Gerlach-Kristen
Publikováno v:
Empirical Economics. 57:475-503
After the onset of the financial crisis, consumption fell in many economies. This paper presents a small-scale DSGE model with occasionally binding credit constraints. Indebted households start facing credit constraints when the value of their main a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b0b1527e70f45170ee790a45494d217c
https://doi.org/10.1007/s00181-018-1461-4
https://doi.org/10.1007/s00181-018-1461-4
Autor:
Petra Gerlach-Kristen, Seán Lyons
Publikováno v:
International Journal of Housing Policy. 18:545-567
In purely economic terms, mortgage arrears can pose a risk to the stability of banks and limit households’ future access to credit. Moreover, arrears have social ramifications: they reduce aspects of households’ well-being and health, and address
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b033500625dda29802f0b3cd63b9cbef
https://doi.org/10.1080/19491247.2017.1357398
https://doi.org/10.1080/19491247.2017.1357398
Publikováno v:
Journal of the Japanese and International Economies. 39:1-16
This paper shows that the Japanese foreign exchange interventions in 2003/04 seem to have lowered long-term interest rates in a wide range of countries, including Japan. It seems that this decline was triggered by the investment of the intervention p
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5b3308358140261f28e07753cde4bb1c
https://doi.org/10.1016/j.jjie.2015.10.002
https://doi.org/10.1016/j.jjie.2015.10.002
Autor:
Petra Gerlach-Kristen
The term structure is an important transmitter of, and indicator for, monetary policy. This paper studies the Swiss term structure using monthly data from 1989 to 2005. We study the impact of the new monetary policy strategy that the Swiss National B
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d484f385ea0b50e855d327817a77ba3d
http://doc.rero.ch/record/321451/files/11408_2007_Article_48.pdf
http://doc.rero.ch/record/321451/files/11408_2007_Article_48.pdf
Autor:
Petra Gerlach-Kristen
Publikováno v:
Financial Markets and Portfolio Management. 29:149-168
This paper studies euro-area CDS spreads during the financial crisis with the aim of discovering which of the ECB’s open-market operations reduced bank and government spreads. After controlling for potential contagion across the financial system, i
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8a6b1e5797c85a43cc746279161ded51
https://doi.org/10.1007/s11408-015-0249-1
https://doi.org/10.1007/s11408-015-0249-1
Publikováno v:
Swiss Journal of Economics and Statistics. 150(II):55-87
Summary Long-run inflation expectations should not respond to economic news if the central bank is seen as credibly committed to stabilising inflation. In this paper we find that since the onset of the global financial crisis, medium and long-term in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0fc827d52e9576bc784d10ac77952a2b
http://www.sjes.ch/papers/2014-II-1.pdf
http://www.sjes.ch/papers/2014-II-1.pdf
Autor:
Petra Gerlach-Kristen
Publikováno v:
Economic and Social Review. 45(4):511-535
The Permanent Income Hypothesis (PIH) states that consumption should depend on long-term income expectations and not on temporary swings in income. This paper uses Irish household data from three Household Budget Surveys between 1994 and 2005 to test
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::fc6ce15e68d1f12638479b1216db3e34
http://www.esr.ie/article/download/228/97/228-660-1-PB.pdf
http://www.esr.ie/article/download/228/97/228-660-1-PB.pdf
Autor:
Petra Gerlach-Kristen1 gerlach@hku.hk
Publikováno v:
Scandinavian Journal of Economics. 2004, Vol. 106 Issue 2, p299-313. 15p.
Autor:
Petra Gerlach-Kristen, Barbara Rudolf
Publikováno v:
Economics Letters. 107:333-337
Monetary policy is typically formulated with a very short-term interest rate, while longer rates matter in the transmission mechanism. We show that financial market shocks impact less on the macroeconomy if policy is set with a longer rate.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::427cf57c9e57a203eb326a2bb6461ca0
https://doi.org/10.1016/j.econlet.2010.02.012
https://doi.org/10.1016/j.econlet.2010.02.012