Matches in SemOpenAlex for { <https://semopenalex.org/work/W3168202202> ?p ?o ?g. }
Showing items 1 to 95 of
95
with 100 items per page.
- W3168202202 abstract "This paper revisits the Zero Lower Bound (ZLB) irrelevance hypothesis from a multi-country perspective, investigating country-specific adjustment to external world shocks across a panel of 17 advanced economies from 1979 to 2019. To quantify world shocks, a broad set of real commodity prices are used to proxy global demand pressures. I then document a robust threshold in policy rates lying between 2.5% and 3.5%, below which global demand spillovers to domestic financial markets and economic activity rise substantially. These magnified spillovers near the ZLB persist after controlling for the post-2008 period, economic boom-bust cycles, secular time trends, and commodity exporters. Estimates from a threshold-augmented VAR further show that global demand shocks near the ZLB induce magnified financial and real adjustment along with rising real interest rates. Meanwhile, the economic expansion associated with a 1 percentage point drop in idiosyncratic long-term bond yield innovations offsets completely the average impact of global demand spillovers near the ZLB. This suggests that magnification near the ZLB is relevant, yet potentially countered by endogenous unconventional monetary policies targeting long-term yields over the same period." @default.
- W3168202202 created "2021-06-22" @default.
- W3168202202 creator A5077643972 @default.
- W3168202202 date "2021-01-01" @default.
- W3168202202 modified "2023-09-23" @default.
- W3168202202 title "Global Demand Spillovers Near the Zero Lower Bound" @default.
- W3168202202 cites W1969886729 @default.
- W3168202202 cites W1980906542 @default.
- W3168202202 cites W1980975224 @default.
- W3168202202 cites W2007867145 @default.
- W3168202202 cites W2015106170 @default.
- W3168202202 cites W2022220920 @default.
- W3168202202 cites W2039675248 @default.
- W3168202202 cites W2057366755 @default.
- W3168202202 cites W2071434239 @default.
- W3168202202 cites W2104490102 @default.
- W3168202202 cites W2113983529 @default.
- W3168202202 cites W2128659533 @default.
- W3168202202 cites W2130019610 @default.
- W3168202202 cites W2131851882 @default.
- W3168202202 cites W2135860498 @default.
- W3168202202 cites W2149015775 @default.
- W3168202202 cites W2170529788 @default.
- W3168202202 cites W2307009300 @default.
- W3168202202 cites W2308642214 @default.
- W3168202202 cites W2476128343 @default.
- W3168202202 cites W2552401901 @default.
- W3168202202 cites W2556487497 @default.
- W3168202202 cites W2607136442 @default.
- W3168202202 cites W2765686824 @default.
- W3168202202 cites W2766014648 @default.
- W3168202202 cites W2802750555 @default.
- W3168202202 cites W2900517003 @default.
- W3168202202 cites W2906721377 @default.
- W3168202202 cites W3121293400 @default.
- W3168202202 cites W3121346496 @default.
- W3168202202 cites W3121758494 @default.
- W3168202202 cites W3121794754 @default.
- W3168202202 cites W3122338132 @default.
- W3168202202 cites W3122804116 @default.
- W3168202202 cites W3122933035 @default.
- W3168202202 cites W3124272832 @default.
- W3168202202 cites W3124691939 @default.
- W3168202202 cites W3125040857 @default.
- W3168202202 cites W3125289246 @default.
- W3168202202 cites W3125328466 @default.
- W3168202202 cites W3125912523 @default.
- W3168202202 cites W4285056912 @default.
- W3168202202 cites W4376848350 @default.
- W3168202202 doi "https://doi.org/10.2139/ssrn.3762699" @default.
- W3168202202 hasPublicationYear "2021" @default.
- W3168202202 type Work @default.
- W3168202202 sameAs 3168202202 @default.
- W3168202202 citedByCount "0" @default.
- W3168202202 crossrefType "journal-article" @default.
- W3168202202 hasAuthorship W3168202202A5077643972 @default.
- W3168202202 hasConcept C126285488 @default.
- W3168202202 hasConcept C134306372 @default.
- W3168202202 hasConcept C138885662 @default.
- W3168202202 hasConcept C149782125 @default.
- W3168202202 hasConcept C162324750 @default.
- W3168202202 hasConcept C2778078003 @default.
- W3168202202 hasConcept C2780813799 @default.
- W3168202202 hasConcept C33923547 @default.
- W3168202202 hasConcept C41895202 @default.
- W3168202202 hasConcept C556758197 @default.
- W3168202202 hasConcept C77553402 @default.
- W3168202202 hasConceptScore W3168202202C126285488 @default.
- W3168202202 hasConceptScore W3168202202C134306372 @default.
- W3168202202 hasConceptScore W3168202202C138885662 @default.
- W3168202202 hasConceptScore W3168202202C149782125 @default.
- W3168202202 hasConceptScore W3168202202C162324750 @default.
- W3168202202 hasConceptScore W3168202202C2778078003 @default.
- W3168202202 hasConceptScore W3168202202C2780813799 @default.
- W3168202202 hasConceptScore W3168202202C33923547 @default.
- W3168202202 hasConceptScore W3168202202C41895202 @default.
- W3168202202 hasConceptScore W3168202202C556758197 @default.
- W3168202202 hasConceptScore W3168202202C77553402 @default.
- W3168202202 hasLocation W31682022021 @default.
- W3168202202 hasOpenAccess W3168202202 @default.
- W3168202202 hasPrimaryLocation W31682022021 @default.
- W3168202202 hasRelatedWork W1546253145 @default.
- W3168202202 hasRelatedWork W1826307119 @default.
- W3168202202 hasRelatedWork W1842648817 @default.
- W3168202202 hasRelatedWork W2181771000 @default.
- W3168202202 hasRelatedWork W2341465648 @default.
- W3168202202 hasRelatedWork W2507294221 @default.
- W3168202202 hasRelatedWork W2914522722 @default.
- W3168202202 hasRelatedWork W2915410935 @default.
- W3168202202 hasRelatedWork W3124492608 @default.
- W3168202202 hasRelatedWork W3201617780 @default.
- W3168202202 isParatext "false" @default.
- W3168202202 isRetracted "false" @default.
- W3168202202 magId "3168202202" @default.
- W3168202202 workType "article" @default.