• Financial Constraints and Corporate EnvironmentalResponsibility 

      Götz, Martin (2018-09-13)
      This paper analyzes the effect of financial constraints on firms' corporate social responsibility. Exploiting heterogeneity in firms' exposure to a monetary policy shock in the U.S., which reduced financial constraints for ...
    • Financing Conditions and Toxic Emissions 

      Goetz, Martin (2019-07-27)
      Exploiting heterogeneity in U.S. firms' exposure to an unconventional monetary policy shock that reduced debt financing costs, I identify the impact of financing conditions on firms' toxic emissions. I find robust evidence ...
    • Optimal Policy and Taylor Rule Cross-Checking Under Parameter Uncertainty 

      Bursian, Dirk; Roth, Markus (2013-09-26)
      We examine whether the robustifying nature of Taylor rule cross-checking under model uncertainty carries over to the case of parameter uncertainty. Adjusting monetary policy based on this kind of cross-checking can improve ...
    • The Impact of Monetary Policy Interventions on the Insurance Industry 

      Pelizzon, Loriana; Sottocornola, Matteo (2018-03-01)
      This paper investigates the effect of the conventional and unconventional (e.g. Quantitative Easing - QE) monetary policy intervention on the insurance industry. We first analyze the impact on the stock performances of 166 ...
    • The Macroeconomic Effects of Asset Purchases Revisited 

      Hesse, Henning; Hofmann, Boris; Weber, James (2018-02-13)
      This paper revisits the macroeconomic effects of the large-scale asset purchase programmes launched by the Federal Reserve and the Bank of England from 2008. Using a Bayesian VAR, we investigate the macroeconomic impact ...