Evaluating a monetary business cycle model with unemployment for the euro area

by Nicolas Groshenny

This paper estimates a medium-scale DSGE model with search unemployment by matching model and data spectra. Price mark-up shocks emerge as the main source of business-cycle fluctuations in the euro area. Key factors in the propagation of these disturbances are a high degree of inflation indexation and a persistent response of monetary policy to deviations from the inflation target

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Year of publication:	[2009]
Authors:	Groshenny, Nicolas
Publisher:	Brussels : National Bank of Belgium
Subject:	DSGE models \| business cycles \| frequency-domain analysis \| Dynamisches Gleichgewicht \| Dynamic equilibrium \| Konjunkturtheorie \| Business cycle theory \| Geldtheorie \| Monetary theory \| Suchtheorie \| Search theory \| Eurozone \| Euro area \| EU-Staaten \| EU countries

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Extent:	1 Online-Ressource (circa 49 Seiten) Illustrationen
Series:	Working paper / National Bank of Belgium / National Bank of Belgium. - Brussels, ISSN 1784-2476, ZDB-ID 2225248-4. - Vol. no 173 (July 2009)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/144385 [Handle]
Classification:	E32 - Business Fluctuations; Cycles ; C51 - Model Construction and Estimation ; C52 - Model Evaluation and Testing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011597193