create a website

The Empirical Relevance of the Shadow Rate and the Zero Lower Bound. (2022). Ellington, Michael.
In: Journal of Money, Credit and Banking.
RePEc:wly:jmoncb:v:54:y:2022:i:6:p:1605-1635.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 30

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. Shadow rates as a measure of the monetary policy stance: Some international evidence. (2023). Caporale, Guglielmo Maria ; Anderl, Christina.
    In: Scottish Journal of Political Economy.
    RePEc:bla:scotjp:v:70:y:2023:i:5:p:399-422.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Arias, Jonas E., Rubio‐Ramirez, Juan, and Waggoner, Daniel. (2018) “Inference Based on Structural Vector Autoregressions Identified with Sign and Zero Restrictions: Theory and Applications.” Econometrica, 86, 685–720. https://doi.org/10.3982/ECTA14468.

  2. Baumeister, Christiane, and Luca Benati. (2013) “Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound.” International Journal of Central Banking, 9, 165–212.

  3. Benati, L. (2008) “The ‘Great Moderation’ in the United Kingdom.” Journal of Money, Credit and Banking, 40, 121–47.
    Paper not yet in RePEc: Add citation now
  4. Benati, Luca (2020) “Money Velocity and the Natural Rate of Interest.” Journal of Monetary Economics, 116, 117‐134.

  5. Benati, Luca, and Haroon Mumtaz. (2007) “US Evolving Macroeconomic Dynamics: A Structural Investigation.” ECB Working Paper No. 746.

  6. Bundick, Brent. (2015) “Real Fluctuations at the Zero Lower Bound.” Federal Reserve Bank of Kansas City Technical Report.
    Paper not yet in RePEc: Add citation now
  7. Cynthia Wu, Jing, and Fan Dora Xia. (2016) “Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound.” Journal of Money, Credit and Banking, 48, 253–91.

  8. D'Amico, Stefania, and Thomas B. King. (2013) “Flow and Stock Effects of Large‐Scale Treasury Purchases: Evidence on the Importance of Local Supply.” Journal of Financial Economics, 108, 425–48.
    Paper not yet in RePEc: Add citation now
  9. Debortoli, Davide et al. (2019) “On the Empirical (Ir) Re levance of the Zero Lower Bound Constraint.” In NBER Macroeconomics Annual 2019, Volume 34, 141–170, University of Chicago Press Chicago, IL.
    Paper not yet in RePEc: Add citation now
  10. Eberly, Janice C., Stock, James H., and Wright, Jonathan H. (2020) “The Federal Reserve's Current Framework for Monetary Policy: A Review and Assessment.” International Journal of Central Banking, 16, 5–71.

  11. Gambacorta, Leonardo, Hofmann, Boris, and Peersman, Gert. (2014) “The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross‐Country Analysis.” Journal of Money, Credit and Banking, 46, 615–42.

  12. Garín, Julio, Lester, Robert, and Sims, Eric. (2019) “Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization‐Adjusted TFP Data.” Review of Economics and Statistics, 101, 160–75.

  13. Gertler, Mark, and Peter Karadi. (2015) “Monetary Policy Surprises, Credit Costs, and Economic Activity.” American Economic Journal: Macroeconomics, 7, 44–76.

  14. Hamilton, James D., and Jing Cynthia Wu. (2012) “The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment.” Journal of Money, Credit and Banking, 44, 3–46.

  15. Koop, Gary, and Dimitris Korobilis. (2010) Bayesian Multivariate Time Series Methods for Empirical Macroeconomics. Norwell, MA: Now Publishers Inc.

  16. Koop, Gary, Leon‐Gonzalez, Roberto, and Strachan, Rodney W. (2009) “On the Evolution of the Monetary Policy Transmission Mechanism.” Journal of Economic Dynamics and Control, 33, 997–1017.

  17. Koop, Gary, Pesaran, Hashem M., and Potter, Simon M. (1996) “Impulse Response Analysis in Nonlinear Multivariate Models.” Journal of Econometrics, 74, 119–47.

  18. McCracken, Michael W., and Serena Ng. (2016) “FRED‐MD: A Monthly Database for Macroeconomic Research.” Journal of Business & Economic Statistics, 34, 574–89.
    Paper not yet in RePEc: Add citation now
  19. Mumtaz, Haroon, and Laura Sunder‐Plassmann. (2013) “Time‐Varying Dynamics of the Real Exchange Rate: An Empirical Analysis.” Journal of Applied Econometrics, 28, 498–525.
    Paper not yet in RePEc: Add citation now
  20. Primiceri, Giorgio E. (2005) “Time Varying Structural Vector Autoregressions and Monetary Policy.” Review of Economic Studies, 72, 821–52.

  21. Reifschneider, David. (2016) “Gauging the Ability of the FOMC to Respond to Future Recessions.” Finance and Economics Discussion Series, No. 2016‐068, Board of the Federal Reserve System.
    Paper not yet in RePEc: Add citation now
  22. Rubio‐Ramirez, Juan F., Waggoner, Daniel, and Zha, Tao. (2010) “Structural Vector Autoregressions: Theory of Identification and Algorithms for Inference.” Review of Economic Studies, 77, 665–96.

  23. Sargent, Thomas. (1979) “Estimating Vector Autoregressions Using Methods Not Based on Explicit Economic Theories.” Quarterly Review, Federal Reserve Bank of Minneapolis, 8–15.
    Paper not yet in RePEc: Add citation now
  24. Sims, Christopher A., and Tao Zha. (2006) “Were There Regime Switches in US Monetary Policy?.” American Economic Review, 96, 54–81.

  25. Sims, Eric, and Jing Cynthia Wu. (2021) “Evaluating Central Banks' Tool Kit: Past, Present, and Future.” Journal of Monetary Economics, 118, 135–60.

  26. Swanson, Eric T., and John C. Williams. (2014) “Measuring the Effect of the Zero Lower Bound on Medium‐ and Longer‐Term Interest Rates.” American Economic Review, 104, 3154–85.
    Paper not yet in RePEc: Add citation now
  27. Taylor, John B. (1993) “Discretion Versus Policy Rules in Practice.” In Carnegie‐Rochester Conference Series on Public Policy, King Robert, Plosser Charles and Thomas Cooley, 39. pp. 195–214. Rochester, NY: Elsevier.
    Paper not yet in RePEc: Add citation now
  28. Weale, Martin, and Tomasz Wieladek. (2016) “What Are the Macroeconomic Effects of Asset Purchases?.” Journal of Monetary Economics, 79, 81–93.

  29. Wu, Jing Cynthia, and Ji Zhang. (2019a) “Global Effective Lower Bound and Unconventional Monetary Policy.” Journal of International Economics, 118, 200–16.

  30. Yellen, Janet. (2016) “The Federal Reserve's Monetary Policy Toolkit: Past, Present, and Future.” Washington: Board of Governors of the Federal Reserve System. https://www.federalreserve.gov/newsevents/speech/yellen20160826a.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. Loan Supply Shocks, Prudential Regulation, and the Business Cycle. (2024). Rudel, Paul.
    In: MAGKS Papers on Economics.
    RePEc:mar:magkse:202409.

    Full description at Econpapers || Download paper

  2. What are the main variables that influence the dynamics of Ecuador’s sovereign risk?. (2023). Díaz-Cassou, Javier ; Carrillo-Maldonado, Paul ; Flores, Miguel ; Diaz-Cassou, Javier.
    In: Journal of Applied Economics.
    RePEc:taf:recsxx:v:26:y:2023:i:1:p:2158009.

    Full description at Econpapers || Download paper

  3. Quantitative Easing During the COVID-19 Pandemic: A Cross-Country Study. (2023). Stefaski, Maciej.
    In: KAE Working Papers.
    RePEc:sgh:kaewps:2023088.

    Full description at Econpapers || Download paper

  4. Empirical estimation of REER trend for Ukraine. (2021). Vdovychenko, Artem.
    In: IHEID Working Papers.
    RePEc:gii:giihei:heidwp06-2021.

    Full description at Econpapers || Download paper

  5. Regional Monetary Policies and the Great Depression. (2020). Weidenmier, Marc ; Cortes, Gustavo ; Amir Ahmadi, Pooyan ; Amir-Ahmadi, Pooyan.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:26695.

    Full description at Econpapers || Download paper

  6. ZLB and Beyond: Real and Financial Effects of Low and Negative Interest Rates in the Euro Area. (2020). Zlobins, Andrejs.
    In: Working Papers.
    RePEc:ltv:wpaper:202006.

    Full description at Econpapers || Download paper

  7. Uniform Priors for Impulse Responses. (2020). Waggoner, Daniel ; Rubio-Ramirez, Juan F ; Arias, Jonas E.
    In: Working Papers.
    RePEc:fip:fedpwp:94737.

    Full description at Econpapers || Download paper

  8. Strategic interactions and price dynamics in the global oil market. (2020). Venditti, Fabrizio ; Di Nino, Virginia ; Alonso Alvarez, Irma.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20202368.

    Full description at Econpapers || Download paper

  9. Identifying structural VARs from sparse narrative instruments: dynamic effects of U.S. macroprudential policies. (2020). Rünstler, Gerhard ; Budnik, Katarzyna ; Runstler, Gerhard.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20202353.

    Full description at Econpapers || Download paper

  10. Drawing Conclusions from Structural Vector Autoregressions Identified on the Basis of Sign Restrictions. (2020). Hamilton, James ; Baumeister, Christiane.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:14271.

    Full description at Econpapers || Download paper

  11. Uncertainty shocks and financial crisis indicators. (2019). Roth, Markus ; Hristov, Nikolay.
    In: Discussion Papers.
    RePEc:zbw:bubdps:362019.

    Full description at Econpapers || Download paper

  12. Cross-Border flows and the effect of Global Financial shocks in Latin America.. (2019). Pérez Forero, Fernando ; Gondo Mori, Rocio.
    In: Working Papers.
    RePEc:rbp:wpaper:2019-020.

    Full description at Econpapers || Download paper

  13. Exogenous uncertainty and the identification of Structural Vector Autoregressions with external instruments. (2019). Fanelli, Luca ; Angelini, Giovanni.
    In: MPRA Paper.
    RePEc:pra:mprapa:93864.

    Full description at Econpapers || Download paper

  14. Insulating property of the flexible exchange rate regime: A case of Central and Eastern European countries. (2019). Wróblewska, Justyna ; Dąbrowski, Marek ; Dbrowski, Marek A.
    In: MPRA Paper.
    RePEc:pra:mprapa:93813.

    Full description at Econpapers || Download paper

  15. Terms of Trade Effects of Productivity Shocks and Economic Development. (2019). Tuan, Mustafa ; Ozelik, Emre.
    In: MPRA Paper.
    RePEc:pra:mprapa:91473.

    Full description at Econpapers || Download paper

  16. The effects of oil supply shocks on the macroeconomy: a Proxy-FAVAR approachThe effects of oil supply shocks on the macroeconomy: a Proxy-FAVAR approach. (2019). Bertsche, Dominik.
    In: Working Paper Series of the Department of Economics, University of Konstanz.
    RePEc:knz:dpteco:1906.

    Full description at Econpapers || Download paper

  17. How are oil supply shocks transmitted to the U.S. economy?. (2019). Güntner, Jochen ; Geiger, Martin ; Guntner, Jochen.
    In: Economics working papers.
    RePEc:jku:econwp:2019_13.

    Full description at Econpapers || Download paper

  18. Government Deficit Shocks and Okuns Coefficient Volatility: New Insights on the Austerity versus Growth Debate. (2019). Sala, Hector ; Pham, Binh Thai.
    In: IZA Discussion Papers.
    RePEc:iza:izadps:dp12492.

    Full description at Econpapers || Download paper

  19. Inequality and the Business Cycle: Evidence from U.S. survey data. (2019). Scharler, Johann ; Mayer, Eric ; Geiger, Martin.
    In: Working Papers.
    RePEc:inn:wpaper:2019-01.

    Full description at Econpapers || Download paper

  20. The Third Round of the Euro Area Enlargement: Are the Candidates Ready?. (2019). Deskar-Škrbić, Milan ; Deskar-Krbi, Milan ; Kotarac, Karlo ; Kunovac, Davor.
    In: Working Papers.
    RePEc:hnb:wpaper:57.

    Full description at Econpapers || Download paper

  21. The Interaction Between Fiscal and Monetary Policies: Evidence from Sweden. (2019). Ankargren, Sebastian ; Shahnazarian, Hovick.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0365.

    Full description at Econpapers || Download paper

  22. Quantitative Easing and the Term Premium as a Monetary Policy Instrument. (2019). Vaccaro-Grange, Etienne.
    In: Working Papers.
    RePEc:hal:wpaper:halshs-02359503.

    Full description at Econpapers || Download paper

  23. The systematic component of monetary policy in SVARs: An agnostic identification procedure. (2019). Rubio-Ramirez, Juan F ; Caldara, Dario ; Arias, Jonas E.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:101:y:2019:i:c:p:1-13.

    Full description at Econpapers || Download paper

  24. An IV framework for combining sign and long-run parametric restrictions in SVARs. (2019). Huh, Hyeon-seung ; Fisher, Lance A.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:61:y:2019:i:c:6.

    Full description at Econpapers || Download paper

  25. The financial market effects of the ECBs asset purchase programs. (2019). Roth, Markus ; Lewis, Vivien.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:43:y:2019:i:c:p:40-52.

    Full description at Econpapers || Download paper

  26. On the reduced macroeconomic volatility of the Australian economy: Good policy or good luck?. (2019). Cross, Jamie.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:77:y:2019:i:c:p:174-186.

    Full description at Econpapers || Download paper

  27. Proxy VAR Models in a Data-Rich Environment. (2019). Bruns, Martin.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1831.

    Full description at Econpapers || Download paper

  28. Bayesian Structural VAR Models: A New Approach for Prior Beliefs on Impulse Responses. (2019). Piffer, Michele ; Bruns, Martin.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1796.

    Full description at Econpapers || Download paper

  29. Uncertainty Shocks and Financial Crisis Indicators. (2019). Roth, Markus ; Hristov, Nikolay.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7839.

    Full description at Econpapers || Download paper

  30. Assessing U.S. aggregate fluctuations across time and frequencies. (2019). Matthes, Christian ; Lubik, Thomas A.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2019_005.

    Full description at Econpapers || Download paper

  31. Chinas monetary policy and the loan market : How strong is the credit channel in China?. (2019). Nuutilainen, Riikka ; Breitenlechner, Max.
    In: BOFIT Discussion Papers.
    RePEc:bof:bofitp:2019_015.

    Full description at Econpapers || Download paper

  32. The macroeconomic effects of forward communication. (2019). ter Ellen, Saskia ; Brubakk, Leif ; Robstad, Orjan ; Xu, Hong.
    In: Working Paper.
    RePEc:bno:worpap:2019_20.

    Full description at Econpapers || Download paper

  33. IS THERE A SINGLE SHOCK THAT DRIVES THE MAJORITY OF BUSINESS CYCLE FLUCTUATIONS?. (2019). Ben Zeev, Nadav.
    In: Working Papers.
    RePEc:bgu:wpaper:1906.

    Full description at Econpapers || Download paper

  34. The Global Financial Cycle and US Monetary Policy in an Interconnected World. (2019). Galesi, Alessandro ; Dees, Stephane.
    In: Working papers.
    RePEc:bfr:banfra:744.

    Full description at Econpapers || Download paper

  35. Wages and prices in the euro area: exploring the nexus. (2019). Nobili, Andrea ; Conti, Antonio.
    In: Questioni di Economia e Finanza (Occasional Papers).
    RePEc:bdi:opques:qef_518_19.

    Full description at Econpapers || Download paper

  36. The global financial cycle and us monetary policy in an interconnected world. (2019). Galesi, Alessandro ; Dees, Stephane.
    In: Working Papers.
    RePEc:bde:wpaper:1942.

    Full description at Econpapers || Download paper

  37. Shifts in Monetary Policy and Exchange Rate Dynamics: Is Dornbuschs Overshooting Hypothesis Intact, After all?. (2019). Rüth, Sebastian ; Ruth, Sebastian K.
    In: Working Papers.
    RePEc:awi:wpaper:0673.

    Full description at Econpapers || Download paper

  38. Quantitative Easing and the Term Premium as a Monetary Policy Instrument. (2019). Vaccaro-Grange, Etienne.
    In: AMSE Working Papers.
    RePEc:aim:wpaimx:1932.

    Full description at Econpapers || Download paper

  39. Combining sign and parametric restrictions in SVARs by Givens Rotations. (2018). Huh, Hyeon-seung ; Fisher, Lance A.
    In: Working papers.
    RePEc:yon:wpaper:2018rwp-122.

    Full description at Econpapers || Download paper

  40. Inference in Structural Vector Autoregressions When the Identifying Assumptions are Not Fully Believed: Re-evaluating the Role of Monetary Policy in Economic Fluctuations. (2018). Hamilton, James ; Baumeister, Christiane.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:24597.

    Full description at Econpapers || Download paper

  41. A Class of Time-Varying Parameter Structural VARs for Inference under Exact or Set Identification. (2018). Bognanni, Mark.
    In: Working Papers (Old Series).
    RePEc:fip:fedcwp:1811.

    Full description at Econpapers || Download paper

  42. Inference in Bayesian Proxy-SVARs. (2018). Waggoner, Daniel ; Rubio-Ramirez, Juan F ; Arias, Jonas E.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2018-16.

    Full description at Econpapers || Download paper

  43. Inference in Bayesian Proxy-SVARs. (2018). Waggoner, Daniel ; Rubio-Ramirez, Juan F ; Arias, Jonas E.
    In: Working Papers.
    RePEc:fda:fdaddt:2018-13.

    Full description at Econpapers || Download paper

  44. Macroeconomic shocks and risk premia. (2018). Pinter, Gabor.
    In: LSE Research Online Documents on Economics.
    RePEc:ehl:lserod:90370.

    Full description at Econpapers || Download paper

  45. Inference in structural vector autoregressions when the identifying assumptions are not fully believed: Re-evaluating the role of monetary policy in economic fluctuations. (2018). Hamilton, James ; Baumeister, Christiane.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:100:y:2018:i:c:p:48-65.

    Full description at Econpapers || Download paper

  46. The effects of wage flexibility on activity and employment in Spain. (2018). García López, Juan ; Domenech, Rafael ; Garcia, Juan Ramon ; Ulloa, Camilo.
    In: Journal of Policy Modeling.
    RePEc:eee:jpolmo:v:40:y:2018:i:6:p:1200-1220.

    Full description at Econpapers || Download paper

  47. The case for Divisia monetary statistics: A Bayesian time-varying approach. (2018). Ellington, Michael.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:96:y:2018:i:c:p:26-41.

    Full description at Econpapers || Download paper

  48. How does monetary policy affect income and wealth inequality? Evidence from quantitative easing in the euro area. (2018). Slacalek, Jiri ; Lenza, Michele.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:20182190.

    Full description at Econpapers || Download paper

  49. Inference in Structural Vector Autoregressions when the Identifying Assumptions are not Fully Believed: Re-evaluating the Role of Monetary Policy in Economic Fluctuations. (2018). Baumeister, Christiane ; Hamilton, James D.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7048.

    Full description at Econpapers || Download paper

  50. Inference in structural vector auto regressions when the identifying assumptions are not fully believed : Re-evaluating the role of monetary policy in economic fluctuations. (2018). Hamilton, James ; Baumeister, Christiane.
    In: Research Discussion Papers.
    RePEc:bof:bofrdp:2018_014.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-20 22:48:17 || 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.