3 papers
econ.EM2026
Monetary Policy in the Media Spotlight: Sentiments, Signals, and Economic Impact
Firmin Ayivodji, Etienne Briand, Kevin Moran +1
News media coverage of monetary policy is not a passive transcript of central-bank communication: it filters announcements, macroeconomic news, and editorial choices into narrative…
econ.EM2026
Who Saw It Coming? Historical Experience and the 2021 Inflation Forecast Failure
Dalibor Stevanovic
This paper studies the 2021 U.S. inflation forecasting failure. I show that the failure was primarily driven by sample composition rather than functional-form misspecification: est…
econ.EM2025
Origins and Nature of Macroeconomic Instability in Vector Autoregressions
Pooyan Amir-Ahmadi, Marko Mlikota, Dalibor StevanoviÄ
For a general class of dynamic and stochastic structural models, we show that (i) non-linearity in economic dynamics is a necessary and sufficient condition for time-varying parame…