create a website

Financial intermediary leverage and monetary policy transmission. (2022). Li, Zehao.
In: European Economic Review.
RePEc:eee:eecrev:v:144:y:2022:i:c:s0014292122000332.

Full description at Econpapers || Download paper

Cited: 4

Citations received by this document

Cites: 41

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Doubling down: The synergy of CCyB release and monetary policy easing. (2025). Levieuge, Grgory ; Jude, Cristina.
    In: Journal of International Money and Finance.
    RePEc:eee:jimfin:v:155:y:2025:i:c:s0261560625000658.

    Full description at Econpapers || Download paper

  2. Does exchange rate volatility affect the impact of appreciation and depreciation on the trade balance? A nonlinear bivariate approach. (2024). Bosupeng, Mpho ; Naranpanawa, Athula.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:130:y:2024:i:c:s0264999323004042.

    Full description at Econpapers || Download paper

  3. Doubling Down: The Synergy of CCyB Release and Monetary Policy Easing. (2024). Jude, Cristina ; Levieuge, Gregory.
    In: Working papers.
    RePEc:bfr:banfra:961.

    Full description at Econpapers || Download paper

  4. Studying Differing Impacts of Various Monetary Aggregates on the Real Economy. (2023). Antohi, Valentin Marian ; Ionescu, Romeo Victor ; Zlati, Monica Laura ; Fortea, Costinela.
    In: IJFS.
    RePEc:gam:jijfss:v:11:y:2023:i:4:p:140-:d:1292591.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Aastveit, K. ; Natvik, G.J.J. ; Sola, S. Economic Uncertainty and the Effectiveness of Monetary Policy. 2013 Social Science Research Network: Rochester, NY

  2. Adrian, T. ; Etula, E. ; Muir, T. Financial intermediaries and the cross-section of asset returns. 2014 J. Finance. 69 2557-2596

  3. Adrian, T. ; Shin, H.S. Procyclical leverage and value-at-risk. 2014 Rev. Financ. Stud.. 27 373-403

  4. Andrews, D.W.K. ; Fair, R.C. Inference in nonlinear econometric models with structural change. 1988 Rev. Econom. Stud.. 55 615-640

  5. Auclert, A. Monetary policy and the redistribution channel. 2019 Amer. Econ. Rev.. 109 2333-2367

  6. Bernanke, B.S. ; Gertler, M. ; Gilchrist, S. Chapter 21 the financial accelerator in a quantitative business cycle framework. 1999 En : Handbook of Macroeconomics, Vol. 1. Elsevier:

  7. Brunnermeier, M.K. ; Sannikov, Y. A macroeconomic model with a financial sector. 2014 Amer. Econ. Rev.. 104 379-421

  8. Brunnermeier, M.K. ; Sannikov, Y. The I Theory of Money. 2016 National Bureau of Economic Research:

  9. Bruno, V. ; Shin, H.S. Capital flows and the risk-taking channel of monetary policy. 2015 J. Monetary Econ.. 71 119-132

  10. Caggiano, G. ; Castelnuovo, E. ; Pellegrino, G. Estimating the real effects of uncertainty shocks at the Zero Lower Bound. 2017 Eur. Econ. Rev.. 100 257-272

  11. Cieslak, A. Short-rate expectations and unexpected returns in treasury bonds. 2018 Rev. Financ. Stud.. 31 3265-3306

  12. Cloyne, J. ; Ferreira, C. ; Surico, P. Monetary policy when households have debt: New evidence on the transmission mechanism. 2020 Rev. Econom. Stud.. 87 102-129

  13. Dou, W.W. ; Lo, A.W. ; Muley, A. ; Uhlig, H. Macroeconomic models for monetary policy: A critical review from a finance perspective. 2020 Ann. Rev. Financial Econ.. 12 95-140

  14. Drechsler, I. ; Savov, A. ; Schnabl, P. A model of monetary policy and risk premia. 2018 J. Finance. 73 317-373

  15. Eickmeier, S. ; Metiu, N. ; Prieto, E. Time-Varying Volatility, Financial Intermediation and Monetary Policy. 2016 Social Science Research Network: Rochester, NY

  16. Gertler, M. ; Karadi, P. A model of unconventional monetary policy. 2011 J. Monetary Econ.. 58 17-34

  17. Gertler, M. ; Karadi, P. Monetary policy surprises, credit costs, and economic activity. 2015 Amer. Econ. J. Macroecon.. 7 44-76

  18. Gertler, M. ; Kiyotaki, N. Chapter 11 - financial intermediation and credit policy in business cycle analysis. 2010 En : Friedman, B.M. ; Woodford, M. Handbook of Monetary Economics, Vol. 3. Elsevier:

  19. Gertler, M. ; Kiyotaki, N. ; Prestipino, A. A macroeconomic model with financial panics. 2020 Rev. Econom. Stud.. 87 240-288

  20. Gilchrist, S. ; Zakrajšek, E. Credit spreads and business cycle fluctuations. 2012 Amer. Econ. Rev.. 102 1692-1720

  21. Gorodnichenko, Y. ; Weber, M. Are sticky prices costly? Evidence from the stock market. 2016 Amer. Econ. Rev.. 106 165-199

  22. Gürkaynak, R.S. ; Wright, J.H. Identification and inference using event studies. 2013 The Manchester School. 81 48-65

  23. Haddad, V. ; Muir, T. Do intermediaries matter for aggregate asset prices?. 2021 J. Finance. 76 2719-2761

  24. Hamilton, J.D. Why you should never use the hodrick-prescott filter. 2017 Rev. Econ. Stat.. -

  25. He, Z. ; Kelly, B. ; Manela, A. Intermediary asset pricing: New evidence from many asset classes. 2017 J. Financ. Econ.. 126 1-35

  26. He, Z. ; Krishnamurthy, A. A macroeconomic framework for quantifying systemic risk. 2019 Amer. Econ. J. Macroecon.. 11 1-37

  27. He, Z. ; Krishnamurthy, A. A model of capital and crises. 2012 Rev. Econom. Stud.. 79 735-777

  28. He, Z. ; Krishnamurthy, A. Intermediary asset pricing. 2013 Amer. Econ. Rev.. 103 732-770

  29. Istiak, K. ; Serletis, A. Monetary policy and leverage shocks. 2017 Int. J. Finance Econ.. 22 115-128

  30. Kashyap, A.K. ; Stein, J.C. What do a million observations on banks say about the transmission of monetary policy?. 2000 Amer. Econ. Rev.. 90 407-428

  31. Kilian, L. ; Vigfusson, R.J. Are the responses of the U.S. economy asymmetric in energy price increases and decreases?. 2011 Quant. Econ.. 2 419-453

  32. Kishan, R.P. ; Opiela, T.P. Bank size, bank capital, and the bank lending channel. 2000 J. Money Credit Bank.. 32 121-141

  33. Koop, G. ; Pesaran, M.H. ; Potter, S.M. Impulse response analysis in nonlinear multivariate models. 1996 J. Econometrics. 74 119-147

  34. Lettau, M. ; Ludvigson, S. Consumption, aggregate wealth, and expected stock returns. 2001 J. Finance. 56 815-849

  35. Lettau, M. ; Ludvigson, S. Resurrecting the (C)CAPM: A cross-sectional test when risk premia are time-varying. 2001 J. Polit. Econ.. 109 1238-1287

  36. Muir, T. Financial crises and risk premia. 2017 Q. J. Econ.. 132 765-809

  37. Mumtaz, H. ; Surico, P. The transmission mechanism in good and bad times. 2015 Internat. Econom. Rev.. 56 1237-1260

  38. Pellegrino, G. Uncertainty and monetary policy in the US: A journey into nonlinear territory. 2021 Econ. Inq.. 59 1106-1128

  39. Rigobon, R. ; Sack, B. The impact of monetary policy on asset prices. 2004 J. Monetary Econ.. 51 1553-1575

  40. Tenreyro, S. ; Thwaites, G. Pushing on a string: US monetary policy is less powerful in recessions. 2016 Amer. Econ. J. Macroecon.. 8 43-74

  41. White, H. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. 1980 Econometrica: journal of the Econometric Society. 817-838

Cocites

Documents in RePEc which have cited the same bibliography

  1. The impact of uncertainty on macro variables: An SVAR-based empirical analysis for EU countries. (2017). Kronen, Dominik ; Belke, Ansgar.
    In: Ruhr Economic Papers.
    RePEc:zbw:rwirep:699.

    Full description at Econpapers || Download paper

  2. International effects of euro area versus US policy uncertainty: A FAVAR approach. (2017). Osowski, Thomas ; Belke, Ansgar.
    In: Ruhr Economic Papers.
    RePEc:zbw:rwirep:689.

    Full description at Econpapers || Download paper

  3. International Effects of Euro Area versus US Policy Uncertainty: A FAVAR Approach. (2017). Osowski, Thomas ; Belke, Ansgar.
    In: GLO Discussion Paper Series.
    RePEc:zbw:glodps:35.

    Full description at Econpapers || Download paper

  4. Disagreement and monetary policy. (2017). Hürtgen, Patrick ; Hoffmann, Mathias ; Falck, Elisabeth ; Hurtgen, Patrick.
    In: Discussion Papers.
    RePEc:zbw:bubdps:292017.

    Full description at Econpapers || Download paper

  5. U.S. Fiscal Policy and Asset Prices: The Role of Partisan Conflict. (2017). Wohar, Mark ; Miller, Stephen ; Lau, Chi Keung ; GUPTA, RANGAN.
    In: Working papers.
    RePEc:uct:uconnp:2017-10.

    Full description at Econpapers || Download paper

  6. The impact of uncertainty on macro variables - An SVAR-based empirical analysis for EU countries. (2017). Kronen, Dominik ; Belke, Ansgar.
    In: ROME Working Papers.
    RePEc:rmn:wpaper:201708.

    Full description at Econpapers || Download paper

  7. International Effects of Euro Area versus US Policy Uncertainty: A FAVAR Approach. (2017). Osowski, Thomas ; Belke, Ansgar.
    In: ROME Working Papers.
    RePEc:rmn:wpaper:201703.

    Full description at Econpapers || Download paper

  8. Risk Shocks Close to the Zero Lower Bound. (2017). Seneca, Martin.
    In: 2017 Meeting Papers.
    RePEc:red:sed017:107.

    Full description at Econpapers || Download paper

  9. U.S. Fiscal Policy and Asset Prices: The Role of Partisan Conflict. (2017). Wohar, Mark ; Miller, Stephen ; Lau, Chi Keung ; GUPTA, RANGAN ; Marco, Chi Keung.
    In: Working Papers.
    RePEc:pre:wpaper:201742.

    Full description at Econpapers || Download paper

  10. The Role of Economic and Financial Uncertainties in Predicting Commodity Futures Returns and Volatility: Evidence from a Nonparametric Causality-in-Quantiles Test. (2017). GUPTA, RANGAN ; Balcilar, Mehmet ; Bahloul, Walid ; Cunado, Juncal.
    In: Working Papers.
    RePEc:pre:wpaper:201725.

    Full description at Econpapers || Download paper

  11. Policy Uncertainty In Japan. (2017). Davis, Steven ; Arbatli, Elif ; Miake, Naoko ; Saito, Ikuo.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:23411.

    Full description at Econpapers || Download paper

  12. Identifying Unconventional Monetary Policy Shocks. (2017). Takahashi, Koji ; Shibamoto, Masahiko ; Nakashima, Kiyotaka.
    In: Discussion Paper Series.
    RePEc:kob:dpaper:dp2017-05.

    Full description at Econpapers || Download paper

  13. The Impact of US Uncertainty Shocks on Small Open Economies. (2017). Österholm, Pär ; Stockhammar, Par ; Osterholm, Par.
    In: Open Economies Review.
    RePEc:kap:openec:v:28:y:2017:i:2:d:10.1007_s11079-016-9424-x.

    Full description at Econpapers || Download paper

  14. Uncertainty and Monetary Policy in the US: A Journey into Non-Linear Territory. (2017). Pellegrino, Giovanni.
    In: Melbourne Institute Working Paper Series.
    RePEc:iae:iaewps:wp2017n06.

    Full description at Econpapers || Download paper

  15. FDI Inflows, Price and Exchange Rate Volatility: New Empirical Evidence from Latin America. (2017). Bianco, Silvia Dal ; To, Nguyen Cong .
    In: IJFS.
    RePEc:gam:jijfss:v:5:y:2017:i:1:p:6-:d:90241.

    Full description at Econpapers || Download paper

  16. Interest rate dynamic effect on stock returns and central bank transparency: Evidence from emerging markets. (2017). Spyromitros, Eleftherios ; Sidiropoulos, Moise ; Papadamou, Stephanos.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:39:y:2017:i:pb:p:951-962.

    Full description at Econpapers || Download paper

  17. Economic policy uncertainty and stock market returns in PacificRim countries: Evidence based on a Bayesian panel VAR model. (2017). GUPTA, RANGAN ; Cunado, Juncal ; Hassapis, Christis ; Christou, Christina.
    In: Journal of Multinational Financial Management.
    RePEc:eee:mulfin:v:40:y:2017:i:c:p:92-102.

    Full description at Econpapers || Download paper

  18. The impact of US policy uncertainty on the monetary effectiveness in the Euro area. (2017). GUPTA, RANGAN ; van Eyden, Renee ; Demirer, Riza ; Balcilar, Mehmet.
    In: Journal of Policy Modeling.
    RePEc:eee:jpolmo:v:39:y:2017:i:6:p:1052-1064.

    Full description at Econpapers || Download paper

  19. Is monetary policy less effective when interest rates are persistently low?. (2017). Hofmann, Boris ; BORIO, Claudio.
    In: BIS Working Papers.
    RePEc:bis:biswps:628.

    Full description at Econpapers || Download paper

  20. Effects of Macroeconomic Uncertainty and Labor Demand Shocks on the Housing Market. (2017). Strobel, Johannes ; Nguyen Thanh, Binh ; Lee, Gabriel.
    In: Working Papers.
    RePEc:bav:wpaper:170_leenguyenthanhstrobel.

    Full description at Econpapers || Download paper

  21. Time-varying Volatility, Financial Intermediation and Monetary Policy. (2016). Prieto, Esteban ; Metiu, Norbert ; Eickmeier, Sandra.
    In: IWH Discussion Papers.
    RePEc:zbw:iwhdps:iwh-19-16.

    Full description at Econpapers || Download paper

  22. The role of economic policy uncertainty in predicting U.S. recessions: A mixed-frequency Markov-switching vector autoregressive approach. (2016). GUPTA, RANGAN ; Balcilar, Mehmet ; Segnon, Mawuli.
    In: Economics - The Open-Access, Open-Assessment E-Journal (2007-2020).
    RePEc:zbw:ifweej:201627.

    Full description at Econpapers || Download paper

  23. The role of economic policy uncertainty in predicting U.S. recessions: A mixed-frequency Markov-switching vector autoregressive approach. (2016). GUPTA, RANGAN ; Balcilar, Mehmet ; Segnon, Mawuli.
    In: Economics Discussion Papers.
    RePEc:zbw:ifwedp:201614.

    Full description at Econpapers || Download paper

  24. Time-varying volatility, financial intermediation and monetary policy. (2016). Prieto, Esteban ; Metiu, Norbert ; Eickmeier, Sandra.
    In: Discussion Papers.
    RePEc:zbw:bubdps:462016.

    Full description at Econpapers || Download paper

  25. Unconventional US Monetary Policy: New Tools, Same Channels?. (2016). Huber, Florian ; Feldkircher, Martin.
    In: Department of Economics Working Paper Series.
    RePEc:wiw:wus005:4934.

    Full description at Econpapers || Download paper

  26. Unconventional US Monetary Policy: New Tools, Same Channels?. (2016). Huber, Florian ; Feldkircher, Martin.
    In: Department of Economics Working Papers.
    RePEc:wiw:wiwwuw:wuwp222.

    Full description at Econpapers || Download paper

  27. Estimating the effects of global uncertainty in open economies. (2016). Delrio, Silvia.
    In: Working Papers.
    RePEc:ven:wpaper:2016:19.

    Full description at Econpapers || Download paper

  28. Menu costs, uncertainty cycles, and the propagation of nominal shocks. (2016). Baley, Isaac ; Blanco, Julio A.
    In: Economics Working Papers.
    RePEc:upf:upfgen:1532.

    Full description at Econpapers || Download paper

  29. The Impact of US Uncertainty on the Euro Area in Good and Bad Times: Evidence from a Quantile Structural Vector Autoregressive Model. (2016). Wohar, Mark ; Lau, Chi Keung ; GUPTA, RANGAN ; Marco, Chi Keung.
    In: Working Papers.
    RePEc:pre:wpaper:201681.

    Full description at Econpapers || Download paper

  30. Causal Relationships between Economic Policy Uncertainty and Housing Market Returns in China and India: Evidence from Linear and Nonlinear Panel and Time Series Models. (2016). Wong, Wing-Keung ; GUPTA, RANGAN ; Chow, Nikolai Sheung-Chi ; Cunado, Juncal.
    In: Working Papers.
    RePEc:pre:wpaper:201674.

    Full description at Econpapers || Download paper

  31. Forecasting Equity Premium in a Panel of OECD Countries: The Role of Economic Policy Uncertainty. (2016). GUPTA, RANGAN ; Christou, Christina.
    In: Working Papers.
    RePEc:pre:wpaper:201622.

    Full description at Econpapers || Download paper

  32. Effectiveness of Monetary Policy in the Euro Area: The Role of US Economic Policy Uncertainty. (2016). GUPTA, RANGAN ; van Eyden, Renee ; Demirer, Riza ; Balcilar, Mehmet.
    In: Working Papers.
    RePEc:pre:wpaper:201620.

    Full description at Econpapers || Download paper

  33. Para Politikası Belirsizliği Altında Aktarım Mekanizması: Türkiye Örneği. (2016). Karasoy Can, Hatice ; Bulut, Mustafa.
    In: MPRA Paper.
    RePEc:pra:mprapa:71215.

    Full description at Econpapers || Download paper

  34. Business Uncertainty and the Effectiveness of Fiscal Policy in Germany. (2016). Berg, Tim.
    In: MPRA Paper.
    RePEc:pra:mprapa:69162.

    Full description at Econpapers || Download paper

  35. Liquidity Traps and Large-Scale Financial Crises. (2016). Pellegrino, Giovanni ; PARENT, Antoine ; Damette, Olivier ; Castelnuovo, Efrem ; Caggiano, Giovanni.
    In: Melbourne Institute Working Paper Series.
    RePEc:iae:iaewps:wp2016n32.

    Full description at Econpapers || Download paper

  36. The Impact of US Uncertainty Shocks on Small Open Economies. (2016). Österholm, Pär ; Stockhammar, Par ; Osterholm, Par.
    In: Working Papers.
    RePEc:hhs:oruesi:2016_005.

    Full description at Econpapers || Download paper

  37. Time-varying volatility, financial intermediation and monetary policy. (2016). Prieto, Esteban ; Metiu, Norbert ; Eickmeier, Sandra.
    In: CAMA Working Papers.
    RePEc:een:camaaa:2016-32.

    Full description at Econpapers || Download paper

  38. Is Fiscal Policy More Effective in Uncertain Times or During Recessions?. (2016). Alloza, Mario.
    In: Discussion Papers.
    RePEc:cfm:wpaper:1631.

    Full description at Econpapers || Download paper

  39. Do all oil price shocks have the same impact? Evidence from the Euro Area. (2016). Evgenidis, Anastasios.
    In: Economic Letters.
    RePEc:cbi:ecolet:07/el/16.

    Full description at Econpapers || Download paper

  40. Risk shocks close to the zero lower bound. (2016). Seneca, Martin.
    In: Bank of England working papers.
    RePEc:boe:boeewp:0606.

    Full description at Econpapers || Download paper

  41. Menu Costs, Uncertainty Cycles, and the Propagation of Nominal Shocks. (2016). Baley, Isaac ; Blanco, Julio A.
    In: Working Papers.
    RePEc:bge:wpaper:918.

    Full description at Econpapers || Download paper

  42. Macroeconomic Uncertainty Through the Lens of Professional Forecasters. (2016). Sekkel, Rodrigo ; Jo, Soojin.
    In: Staff Working Papers.
    RePEc:bca:bocawp:16-5.

    Full description at Econpapers || Download paper

  43. What Are the Macroeconomic Effects of High-Frequency Uncertainty Shocks. (2016). Guérin, Pierre ; Ferrara, Laurent.
    In: Staff Working Papers.
    RePEc:bca:bocawp:16-25.

    Full description at Econpapers || Download paper

  44. Monetary Policy during Financial Crises: Is the Transmission Mechanism Impaired?. (2015). Wolters, Maik ; Potjagailo, Galina ; Jannsen, Nils.
    In: VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy.
    RePEc:zbw:vfsc15:113096.

    Full description at Econpapers || Download paper

  45. Uncertainty And Monetary Policy In The US: A Journey Into Non-Linear Territory. (2015). Pellegrino, Giovanni.
    In: Marco Fanno Working Papers.
    RePEc:pad:wpaper:0184.

    Full description at Econpapers || Download paper

  46. What Are The Macroeconomic Effects of High-Frequency Uncertainty Shocks?. (2015). Guérin, Pierre ; Ferrara, Laurent.
    In: EconomiX Working Papers.
    RePEc:drm:wpaper:2015-12.

    Full description at Econpapers || Download paper

  47. Signals from the Government: Policy Uncertainty and the Transmission of Fiscal Shocks. (2014). Ricco, Giovanni ; Cimadomo, Jacopo ; Callegari, Giovanni.
    In: MPRA Paper.
    RePEc:pra:mprapa:56136.

    Full description at Econpapers || Download paper

  48. Uncertainty and Monetary Policy in Good and Bad Times. (2014). Nodari, Gabriela ; Castelnuovo, Efrem ; Caggiano, Giovanni.
    In: Marco Fanno Working Papers.
    RePEc:pad:wpaper:0188.

    Full description at Econpapers || Download paper

  49. Monetary Policy Uncertainty and Economic Fluctuations. (2014). Wu, Jing Cynthia ; Creal, Drew.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:20594.

    Full description at Econpapers || Download paper

  50. Gegen eine rückwärtsgewandte Wirtschaftspolitik. Jahresgutachten 2013/14. (2013). .
    In: Annual Economic Reports / Jahresgutachten.
    RePEc:zbw:svrwjg:201314.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-10-04 09:18:27 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.