This paper explores how exogenous impulses to monetary policy affect the yield curve for
nominally risk-free bonds. Three distinct identification strategies imply similar patterns: a …

Bayesian forecasting is a natural product of a Bayesian approach to inference. The
Bayesian approach in general requires explicit formulation of a model, and conditioning on …

While research has successfully linked social media to separate customer metrics, an in-
depth conceptual and empirical understanding of how social media affects the stages of the …

This chapter provides an overview of and user's guide to dynamic factor models (DFMs),
their estimation, and their uses in empirical macroeconomics. It also surveys recent …

Although research has examined the social media–shareholder value link, the role of
consumer mindset metrics in this relationship remains unexplored. To this end, drawing on …

We study how monetary policy in China influences banks' shadow banking activities. We
develop and estimate the endogenously switching monetary policy rule that is based on …

Search frictions in the labor market give rise to a new option-value channel through which
uncertainty affects aggregate economic activity, and the effects of which are reinforced by …

Can increased uncertainty about the future cause a contraction in output and its
components? An identified uncertainty shock in the data causes significant declines in …

Exchange rate fluctuations strongly affect the Russian economy, given its heavy
dependence on foreign trade and investment. In the aftermath of the conflict between Russia …

The VIX, the stock market option-based implied volatility, strongly co-moves with measures
of the monetary policy stance. When decomposing the VIX into two components, a proxy for …