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dc.contributor.authorForni, Mario
dc.contributor.authorGambetti, Luca
dc.contributor.authorMaffei-Faccioli, Nicolò
dc.contributor.authorSala, Luca
dc.date.accessioned2022-06-03T10:54:35Z
dc.date.available2022-06-03T10:54:35Z
dc.date.issued2022
dc.identifier.isbn978-82-8379-225-6
dc.identifier.issn1502-8190
dc.identifier.urihttps://hdl.handle.net/11250/2997495
dc.description.abstractFinancial shocks generate a protracted and quantitatively important effect on real economic activity and financial markets only if the shocks are both negative and large. Otherwise, their role is quite modest. Financial shocks have become more important for economic fluctuations after the 2000 and have contributed substantially to deepening the recessions of 2001 and 2008. The evidence is obtained using a new econometric procedure based on a Vector Moving Average representation that includes a nonlinear function of the financial shock.en_US
dc.language.isoengen_US
dc.publisherNorges Banken_US
dc.relation.ispartofseriesWorking paper;3/2022
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.no*
dc.subjectJEL: C32en_US
dc.subjectJEL: E32en_US
dc.subjectSVARen_US
dc.subjectfinancial shocksen_US
dc.subjectnon-linearityen_US
dc.subjectasymmetryen_US
dc.subjectfinancial crisisen_US
dc.titleNonlinear transmission of financial shocks: Some new evidenceen_US
dc.typeWorking paperen_US
dc.description.versionpublishedVersionen_US
dc.subject.nsiVDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212en_US
dc.source.pagenumber46en_US


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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal