Monetary Policy and Stock Market Booms

By Larry Christiano, Cosmin L. Ilut, Roberto Motto, M. Rostagno. 2010

212 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/634c50b5bf9c4c19e655a70841443062e14dd602

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Citations in the corpus

Monetary Policy, Financial Conditions, and Financial Stability (2014, background): “In addition, Christiano et al. (2010) document that stock market booms tend to be accompanied by low inflation.”
Chronicle of a war foretold : the macroeconomic effects of anticipated defense spending shocks (2014, unknown): “…Preston (2009)); (b) using wealth in the utility function (Karnizova (2012)); (c) allowing for sticky prices and accommodative monetary policy (see Christiano et al. (2010), Khan and Tsoukalas (2012), Blanchard et al. (2009) among others) ; (d) adopting a multi-sector structure (see, Beaudry and…”
Should Monetary Policy Lean Against the Wind? An Analysis Based on a DSGE Model with Banking (2013, unknown): “…crisis, other contributions have reassessed the case for LATW also in models that do not have a credit-supply channel, focusing on shocks on expected future economic conditions (Lambertini et al., 2011 and Christiano et al., 2010).4 Compared with these studies, our results are more general.”
Identification of Financial Factors in Economic Fluctuations (2019, unknown): “The fact that financial shocks are non-inflationary is consistent with the evidence in Christiano et al. (2010), who document that inflation is always low during stock market booms in post-war US data.”
News Driven Business Cycles: Insights and Challenges (2014, unknown): “This formulation is, for example, used in Davis (2007), Christiano et al. (2010), and in one of the examples of Beaudry and Portier (2006).”
A Tale of Two Decades: The Ecb's Monetary Policy at 20 (2019, result): “They are unmistakably pro-cyclical, a feature that has been documented in previous research (Christiano et al. (2008) and Fahr et al. (2013)) and proved to be characteristic to the euro area structural environment.”
Uncertainty Shocks in a Model of Effective Demand (2011, unknown): “(5)Thus, the mechanism we identify echoes findings from the prior news shocks literature of Wang (2012), Kobayashi and Nutahara (2010), and Christiano et al. (2010). These papers show that countercyclical markups via nominal rigidities can generate macroeconomic comovement following a news shock.”