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This paper estimates an open-economy dynamic stochastic general equilibrium model with Bayesian techniques to analyse …
Persistent link: https://www.econbiz.de/10011804879
estimated open-economy DSGE model of the euro area. The model includes two groups of households: (i) wealthier households, who …
Persistent link: https://www.econbiz.de/10011959999
We compare the performance of alternative monetary policy frameworks (inflation targeting, average inflation targeting, price level targeting and nominal GDP level targeting) in a tractable HANK model where incomplete financial markets and idiosyncratic earnings risk introduce precautionary...
Persistent link: https://www.econbiz.de/10013169230