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The role of bank capital in the propagation of shocks
Meh, Césaire Assah (contributor); Moran, Kevin (contributor) - 2008
experiments on the economy's response to technology and monetary policy shocks, as well as to disturbances originating within the … downturns. Bank capital thus increases an economy's ability to absorb shocks and, in doing so, affects the conduct of monetary …
Persistent link: https://www.econbiz.de/10003773059
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The determinants of consumers' inflation expectations : evidence from the US and Canada
Bellemare, Charles; Kpekou Tossou, Rolande C. B.; … - 2020 - Last updated: November 30, 2020
We propose and estimate a dynamic and individual model of expectations formation that links individual consumers’ inflation expectations to their own lagged forecasts as well as proxies for the rational expectation forecasts. The model builds on the existing rational inattention literature and...
Persistent link: https://www.econbiz.de/10012322148
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Inflation and growth : a new Keynesian perspective
Amano, Robert A.; Carter, Tom; Moran, Kevin - 2012
5 percent, the range over which the economy's steady-state growth rate varies spans 50 basis points, implying up to a 15 …
Persistent link: https://www.econbiz.de/10009580023