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~accessRights:"free"
~isPartOf:"FRB of St. Louis Working Paper"
~language:"eng"
~language:"und"
~person:"Allouch, Nizar"
~person:"Anderson, Richard G."
~person:"Glaeser, Edward L."
~person:"Helpman, Elhanan"
~person:"Karanassou, Marika"
~person:"León-Ledesma, Miguel A."
~person:"McAleer, Michael"
~person:"McCallum, Bennett T."
~person:"Owyang, Michael T."
~person:"Perroni, Carlo"
~person:"Piger, Jeremy Max"
~person:"Snower, Dennis J."
~person:"Thornton, Daniel L."
~person:"Wen, Yi"
~person:"Zilcha, Itzhak"
~source:"econis"
~subject:"Arbeitsmarkt"
~subject:"Business cycle"
~subject:"Business network"
~subject:"Core"
~subject:"Geldpolitik"
~subject:"Konjunktur"
~subject:"Rationale Erwartung"
~subject:"Real business cycle model"
~subject:"Social network"
~subject:"Technischer Fortschritt"
~subject:"Theorie"
~subject:"Theory"
~subject:"USA"
~subject:"VAR-Modell"
~subject:"Volatilität"
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Allouch, Nizar
Anderson, Richard G.
Glaeser, Edward L.
Helpman, Elhanan
Karanassou, Marika
León-Ledesma, Miguel A.
McAleer, Michael
McCallum, Bennett T.
Owyang, Michael T.
Perroni, Carlo
Piger, Jeremy Max
Snower, Dennis J.
Thornton, Daniel L.
Wen, Yi
Zilcha, Itzhak
Nelson, Edward
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ECONIS (ZBW)
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1
Inventory Accelerator in General Equilibrium
Wang, Pengfei
-
2009
We develop a general-equilibrium model of inventories with explicit micro-foundations by embedding the production-cost-smoothing motive (e.g., Eichenbaum, AER 1989) into an otherwise standard DSGE model. We show that firms facing idiosyncratic cost shocks have incentives to bunch production and...
Persistent link: https://www.econbiz.de/10012718471
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2
Money, Liquidity and Welfare
Wen, Yi
-
2014
This paper develops an analytically tractable Bewley model of money demand to shed light on some important questions in monetary theory, such as the welfare cost of inflation. It is shown that when money is a vital form of liquidity to meet uncertain consumption needs, the welfare costs of...
Persistent link: https://www.econbiz.de/10013059239
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3
Uncertainty and Sentiment-Driven Equilibria
Benhabib, Jess
-
2013
We construct a model to capture the Keynesian idea that production and employment decisions are based on expectations of aggregate demand driven by sentiments and that realized demand follows from the production and employment decisions of firms. We cast the Keynesian idea into a simple model...
Persistent link: https://www.econbiz.de/10013085407
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4
Liquidity and Welfare
Wen, Yi
-
2012
This paper develops an analytically tractable Bewley model of money featuring capital and financial intermediation. It is shown that when money is a vital form of liquidity to meet uncertain consumption needs, the welfare costs of inflation can be extremely large. With low utility and parameter...
Persistent link: https://www.econbiz.de/10013100316
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5
Monetary and Fiscal Theories of the Price Level : The Irreconcilable Differences
McCallum, Bennett T.
-
2006
The fiscal theory of the price level (FTPL) has attracted much attention but disagreement remains concerning its defining characteristics. Some writers have emphasized implications regarding interest-rate pegging and determinacy of RE solutions, whereas others have stressed its capacity to...
Persistent link: https://www.econbiz.de/10012734227
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6
Solving Linear Difference Systems with Lagged Expectations by a Method of Undetermined Coefficients
Wang, Pengfei
-
2006
it can be a very useful tool in practice, especially in testing and estimating
economics
models with a high order of …
Persistent link: https://www.econbiz.de/10012734732
Saved in:
7
Monetary Base
Anderson, Richard G.
-
2006
Social Sciences, 2nd ed., examining the role of the monetary base in monetary
economics
and monetary policymaking. Comments …
Persistent link: https://www.econbiz.de/10012732999
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