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DEEP Séminaires en Macroéconomie

The DEEP organizes a workshop covering a wide array of Macro topics, including growth, business cycles, monetary models, equilibrium asset pricing, labor markets, macro-econometrics, …

Presentations are 1h15, including questions from the audience. The workshop is open to external and internal speakers. 

Send an email to Fang.Liu.2@unil.ch for further information.

Liquidity Shortages, Exchange Rate Dynamics and Capital Flows

Fang Liu (UNIL)

9 mai 2017  -  12:15-13:30, salle Extranef 109

This paper explores the liquidity channel of the Eurozone crises through a DSGE model with liquidity frictions and tests the impact of an unconventional policy experiment in response to a foreign liquidity shock in a small open economy under zero lower bond (ZLB). We find that a foreign negtive liquidity shock induces a domestic real exchange appreciation, which is consistent with the case in Switzerland. The SNB can use foreign exchange market (FX) intervention policy to mitigate the exchange rate pressure, under both ZLB and Non-ZLB scenarios. However the unconventional FX intervention policy will prolong the ZLB time.

Liste des prochaines séances

17 octobre 2017 Guillaume Vuillemey (HEC Paris)
Host(s): Jean-Paul Renne
12:15-13:30, salle Extranef 109

click here [↓] to go to the attached pdf
14 novembre 2017 Luca Benati (University of Bern)
Host(s): Jean-Paul Renne
12:15-13:30, salle Extranef 125

click here [↓] to go to the attached pdf
6 mars 2018 Christoph Trebesh (Kiel University)
Host(s): Andreas Tischbirek
12:15-13:30, salle Extranef 125

click here [↓] to go to the attached pdf
>> Liste des séances précédentes

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