The novel Covid-19 virus has changed the dynamics of 'flight to safety'investment for various
economies. Thus, the hedging ability of the stocks must be revisited in the scenario of this …

How do the effects of monetary policy depend on the fiscal policy stance? We aim to answer
this question using a panel smooth transition local projection model for the euro area. We …

We investigate how the monetary policy uncertainty (MPU) affects China's regional housing
prices. We extend the empirical literature on the relationship between MPU and housing …

This paper investigates whether news‐based measures of economic uncertainty affect
professional forecasters' disagreement about economic variables and economic policy …

During the 2008 financial crisis, central banks (such as the Fed) adopted a quantitative
easing (QE) policy to stimulate their countries' economies and overcome severe economic …

This paper (re-) evaluates the effectiveness of central bank asset purchases in the euro area
given their prominent role in the ECB's response to the pandemic as well as the evidence …

In light of widespread evidence of parameter instability in macroeconomic models, many
time-varying parameter (TVP) models have been proposed. This paper proposes a …

The secular increase in globalization led to a substantial increase in the interconnectedness
of global financial markets. This has important implications for the conduct of monetary …

This chapter describes Bayesian methods for macroeconomic forecasting using VARs. It
covers various priors which have been proposed which achieve the shrinkage and …

This paper estimates Phillips curve relationships using nonparametric vector
autoregressions for four Central, Eastern and Southeastern European (CESEE) economies …