Zobrazeno 1 - 10
of 11
pro vyhledávání: '"Riccardo M. Masolo"'
Autor:
Riccardo M. Masolo, Pablo Winant
Publikováno v:
Economics Letters. 180:54-57
Since the Great Recession policy rates have been extremely low, but neither absolutely constant, nor exactly set to zero. We thus augment a standard Zero Lower Bound (ZLB) model to study the effects of a Stochastic Lower Bound (SLB) on policy rates.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3cfa16a10150fb31d91e22f772873eda
https://doi.org/10.1016/j.econlet.2019.03.026
https://doi.org/10.1016/j.econlet.2019.03.026
Publikováno v:
Economics Letters. 213:110390
We estimate daily linear regressions and panel VAR to study the effect of Covid-19 news on exchange rates. We find that adverse pandemic news at the country level cause an immediate, statistically significant, depreciation of the domestic currency vi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b730a2640c1eda6b717f14a9c78ca7a9
https://doi.org/10.1016/j.econlet.2022.110390
https://doi.org/10.1016/j.econlet.2022.110390
Katerina Petrova acknowledges support by the Alan Turing Institute under the EPSRC grant EP/N510129/1. We estimate a time-varying parameter structural macroeconomic model of the UK economy, using a Bayesian local likelihood methodology. This enables
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::36dc9334dcce0142880527d03e5e1083
https://hdl.handle.net/10023/23267
https://hdl.handle.net/10023/23267
How did DSGE model forecasts perform before, during and after the financial crisis, and what type of off-model information can improve the forecast accuracy? We tackle these questions by assessing the real-time forecast performance of a large DSGE mo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::58ccd8aea91932208d18dee7b027b7f6
https://hdl.handle.net/10807/227840
https://hdl.handle.net/10807/227840
Autor:
Tommaso Aquilante, Srdan Tatomir, Riccardo M. Masolo, Shiv Chowla, Nikola Dacic, Patrick Schneider, Andrew Haldane, Martin Seneca
Publikováno v:
SSRN Electronic Journal.
In this paper we explore the link between monetary policy and market power. We start by establishing several facts on market power in UK markets using micro data. First, while no clear trend emerges for market concentration, market power measured by
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c70a08a86838238ae6f46c4bbb6d2931
https://doi.org/10.2139/ssrn.3382363
https://doi.org/10.2139/ssrn.3382363
Autor:
Riccardo M. Masolo, Alessia Paccagnini
We propose a new VAR identification strategy to study the impact of noise shocks on aggregate activity. We do so exploiting the informational advantage the econometrician has, relative to the economic agent. The latter, who is uncertain about the und
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d0772dd7d660448d51cea774e8065880
Publikováno v:
SSRN Electronic Journal.
We estimate a time varying parameter structural macroeconomic model of the UK economy, using a Bayesian local likelihood methodology. This enables us to estimate a large open-economy DSGE model over a sample that comprises several different regimes a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::18a2ff5d5afbffb142ca4836cb588efb
https://doi.org/10.2139/ssrn.3035227
https://doi.org/10.2139/ssrn.3035227
Publikováno v:
Scopus-Elsevier
In this paper, we use an estimated DSGE model of the UK economy to investigate perceptions of the effectiveness of monetary policy since the onset of the 2007–08 financial crisis in a number of measures of deflation probability — the Survey of Ec
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::355ee68a5c483a11a10da7396635e573
https://doi.org/10.2139/ssrn.2865588
https://doi.org/10.2139/ssrn.2865588
Autor:
Riccardo M. Masolo, Francesca Monti
We study a prototypical new-Keynesian model in which agents are averse to ambiguity, and where the ambiguity regards the monetary policy rule. We show that ambiguity has important effects even in steady state, as uncertainty about the policymaker’s
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::a5d9ec9c4e6a2dc0cd021bf9c8a2896f
http://www.centreformacroeconomics.ac.uk/Discussion-Papers/2015/CFMDP2015-06-Paper.pdf
http://www.centreformacroeconomics.ac.uk/Discussion-Papers/2015/CFMDP2015-06-Paper.pdf
Publikováno v:
SSRN Electronic Journal.
This paper investigates the real-time forecast performance of the Bank of England’s main DSGE model, COMPASS, before, during and after the financial crisis with reference to statistical and judgemental benchmarks. A general finding is that COMPASS
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::e8a388f7f5f234fb0703334d21a278f0
https://doi.org/10.2139/ssrn.2639055
https://doi.org/10.2139/ssrn.2639055