This survey features three parts. The first one reviews the most recent literature on the
relationship between domestic (ie, country‐specific) uncertainty and the business cycle, and …

What are the effects of uncertainty shocks on unemployment dynamics? We answer this
question by estimating non-linear (Smooth-Transition) VARs with post-WWII US data. The …

For decades, macroeconomists have attempted to quantify the effects of monetary policy
actions on the economy. By now, a large literature has documented the transmission …

This paper studies the synchronization of financial cycles across 17 advanced economies
over the past 150 years. The comovement in credit, house prices, and equity prices has …

Conventional structural vector autoregressive (SVAR) models with Gaussian errors are not
identified, and additional identifying restrictions are needed in applied work. We show that …

A Structural VAR model is employed to investigate the effects of monetary and fiscal policy
shocks on stock market performance in Germany, UK and the US. A significant number of …

Considering the dramatically increasing impact of the COVID-19 outbreak on monetary
policy and the uncertainty in the financial system, we aim to examine the dynamic …

This study examines the impact of the interactions between fiscal and monetary policies on
stock market behaviour (ASI) and the impact of the volatility of these interactions on the …

This paper analyzes the role of stock prices in driving monetary policy for price stability in a
non-Ricardian DSGE model. It shows that the dynamics of the interest rate consistent with …

I present a model with discontinuous asset-market participation (DAMP), where all agents
are non-Ricardian, and where heterogeneity among market participants implies financial …