Uncertainty-dependent effects of monetary policy shocks: a new-Keynesian interpretation

DOI10.1016/j.jedc.2018.01.034zbMath1401.91336OpenAlexW2793285908MaRDI QIDQ1657648

Giovanni Pellegrino, Efrem Castelnuovo

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://pure.au.dk/portal/da/publications/uncertaintydependent-effects-of-monetary-policy-shocks-a-new-keynesian-interpretation(b78d81c4-d7c3-4b19-b3a7-eae433a3d867).html

zbMATH Keywords

uncertaintymonetary policy shocksthreshold VARmedium scale DSGE frameworkminimum-distance estimation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (4)

The effect of uncertainty on the sensitivity of the yield curve to monetary policy surprises ⋮ Liquidity traps and large-scale financial crises ⋮ The Phillips curve at 65: time for time and frequency ⋮ The nonlinear effects of uncertainty shocks

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