Monetary policy in an uncertain world
Fil: Soria, Matias Gonzalo. Universidad de San Andrés. Departamento de Economía; Argentina.
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| Formato: | Tesis Tesis de maestría updatedVersion |
| Lenguaje: | Inglés |
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Universidad de San Andrés. Departamento de Economía
2025
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| Acceso en línea: | https://repositorio.udesa.edu.ar/handle/10908/25652 |
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I37-R143-10908-256522025-09-06T03:00:57Z Monetary policy in an uncertain world Soria, Matias Gonzalo García Cicco, Javier Fil: Soria, Matias Gonzalo. Universidad de San Andrés. Departamento de Economía; Argentina. Monetary policy has been a central tool for policymakers in contexts of high uncertainty, as well as in periods of relative calm. This article examines how the effects of monetary policy vary under different levels of uncertainty. A New Keynesian DSGE model with recursive preferences is solved using perturbation methods, and its response to a monetary policy shock is characterized under the presence of stochastic volatility. The model is contrasted with the data by estimating the same responses through local projections regressions. Both exercises suggest that monetary shocks have more pronounced effects under high uncertainty. The article concludes by discussing extensions aimed at improving the model’s fit with the data. 2025-09-05T16:09:27Z 2025-09-05T16:09:27Z 2025-07 Tesis info:eu-repo/semantics/masterThesis info:ar-repo/semantics/tesis de maestría info:eu-repo/semantics/updatedVersion https://repositorio.udesa.edu.ar/handle/10908/25652 eng info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf application/pdf Universidad de San Andrés. Departamento de Economía |
| institution |
Universidad de San Andrés |
| institution_str |
I-37 |
| repository_str |
R-143 |
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Repositorio Digital - Universidad de San Andrés (UdeSa) |
| language |
Inglés |
| description |
Fil: Soria, Matias Gonzalo. Universidad de San Andrés. Departamento de Economía; Argentina. |
| author2 |
García Cicco, Javier |
| author_facet |
García Cicco, Javier Soria, Matias Gonzalo |
| format |
Tesis Tesis de maestría Tesis de maestría updatedVersion |
| author |
Soria, Matias Gonzalo |
| spellingShingle |
Soria, Matias Gonzalo Monetary policy in an uncertain world |
| author_sort |
Soria, Matias Gonzalo |
| title |
Monetary policy in an uncertain world |
| title_short |
Monetary policy in an uncertain world |
| title_full |
Monetary policy in an uncertain world |
| title_fullStr |
Monetary policy in an uncertain world |
| title_full_unstemmed |
Monetary policy in an uncertain world |
| title_sort |
monetary policy in an uncertain world |
| publisher |
Universidad de San Andrés. Departamento de Economía |
| publishDate |
2025 |
| url |
https://repositorio.udesa.edu.ar/handle/10908/25652 |
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AT soriamatiasgonzalo monetarypolicyinanuncertainworld |
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