Matches in SemOpenAlex for { <https://semopenalex.org/work/W3129003911> ?p ?o ?g. }
Showing items 1 to 67 of
67
with 100 items per page.
- W3129003911 abstract "The COVID-19 recession that started in March 2020 led to an unprecedented decline in economic activity across the globe. To fight this recession, policy makers in central banks engaged in expansionary monetary policy. This paper asks whether the measures adopted by the US Federal Reserve (Fed) have been effective in boosting real activity and calming financial markets. To measure these effects at high frequencies, we propose a novel mixed frequency vector autoregressive (MF-VAR) model. This model allows us to combine weekly and monthly information within an unified framework. Our model combines a set of macroeconomic aggregates such as industrial production, unemployment rates and inflation with high frequency information from financial markets such as stock prices, interest rate spreads and weekly information on the Feds balance sheet size. The latter set of high frequency time series is used to dynamically interpolate the monthly time series to obtain weekly macroeconomic measures. We use this setup to simulate counterfactuals in absence of monetary stimulus. The results show that the monetary expansion caused higher output growth and stock market returns, more favorable long-term financing conditions and a depreciation of the US dollar compared to a no-policy benchmark scenario." @default.
- W3129003911 created "2021-02-15" @default.
- W3129003911 creator A5010596336 @default.
- W3129003911 creator A5026456567 @default.
- W3129003911 creator A5081997875 @default.
- W3129003911 date "2020-01-01" @default.
- W3129003911 modified "2023-09-27" @default.
- W3129003911 title "Measuring the Effectiveness of US Monetary Policy during the COVID-19 Recession" @default.
- W3129003911 hasPublicationYear "2020" @default.
- W3129003911 type Work @default.
- W3129003911 sameAs 3129003911 @default.
- W3129003911 citedByCount "0" @default.
- W3129003911 crossrefType "posted-content" @default.
- W3129003911 hasAuthorship W3129003911A5010596336 @default.
- W3129003911 hasAuthorship W3129003911A5026456567 @default.
- W3129003911 hasAuthorship W3129003911A5081997875 @default.
- W3129003911 hasConcept C10138342 @default.
- W3129003911 hasConcept C109168655 @default.
- W3129003911 hasConcept C126285488 @default.
- W3129003911 hasConcept C127413603 @default.
- W3129003911 hasConcept C139719470 @default.
- W3129003911 hasConcept C162324750 @default.
- W3129003911 hasConcept C175025494 @default.
- W3129003911 hasConcept C195742910 @default.
- W3129003911 hasConcept C204036174 @default.
- W3129003911 hasConcept C2778126366 @default.
- W3129003911 hasConcept C556758197 @default.
- W3129003911 hasConcept C78519656 @default.
- W3129003911 hasConceptScore W3129003911C10138342 @default.
- W3129003911 hasConceptScore W3129003911C109168655 @default.
- W3129003911 hasConceptScore W3129003911C126285488 @default.
- W3129003911 hasConceptScore W3129003911C127413603 @default.
- W3129003911 hasConceptScore W3129003911C139719470 @default.
- W3129003911 hasConceptScore W3129003911C162324750 @default.
- W3129003911 hasConceptScore W3129003911C175025494 @default.
- W3129003911 hasConceptScore W3129003911C195742910 @default.
- W3129003911 hasConceptScore W3129003911C204036174 @default.
- W3129003911 hasConceptScore W3129003911C2778126366 @default.
- W3129003911 hasConceptScore W3129003911C556758197 @default.
- W3129003911 hasConceptScore W3129003911C78519656 @default.
- W3129003911 hasLocation W31290039111 @default.
- W3129003911 hasOpenAccess W3129003911 @default.
- W3129003911 hasPrimaryLocation W31290039111 @default.
- W3129003911 hasRelatedWork W1577168156 @default.
- W3129003911 hasRelatedWork W2055084743 @default.
- W3129003911 hasRelatedWork W2116269964 @default.
- W3129003911 hasRelatedWork W2119281628 @default.
- W3129003911 hasRelatedWork W2124859668 @default.
- W3129003911 hasRelatedWork W2490664857 @default.
- W3129003911 hasRelatedWork W2736795421 @default.
- W3129003911 hasRelatedWork W3002555004 @default.
- W3129003911 hasRelatedWork W3026099791 @default.
- W3129003911 hasRelatedWork W3045603160 @default.
- W3129003911 hasRelatedWork W3123050539 @default.
- W3129003911 hasRelatedWork W3123252437 @default.
- W3129003911 hasRelatedWork W3124215273 @default.
- W3129003911 hasRelatedWork W3125044619 @default.
- W3129003911 hasRelatedWork W3125410755 @default.
- W3129003911 hasRelatedWork W3125905351 @default.
- W3129003911 hasRelatedWork W3143763305 @default.
- W3129003911 hasRelatedWork W3144448398 @default.
- W3129003911 hasRelatedWork W3163739539 @default.
- W3129003911 hasRelatedWork W3181377700 @default.
- W3129003911 isParatext "false" @default.
- W3129003911 isRetracted "false" @default.
- W3129003911 magId "3129003911" @default.
- W3129003911 workType "article" @default.