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A Note on Temporary Supply Shocks with Aggregate Demand Inertia

Caballero, Ricardo J.; Simsek, Alp - 2022

We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and expansionary policy is constrained. In this environment, it is optimal to run the economy hot until supply recovers. Positive output gaps in the low-supply phase lessen the negative output...

Persistent link: https://www.econbiz.de/10013177637

An Equilibrium Model of "Global Imbalances" and Low Interest Rates

Gourinchas, Pierre-Olivier; Farhi, Emmanuel; Caballero, … - 2008

Economics

Persistent link: https://www.econbiz.de/10009431915

A note on temporary supply shocks with aggregate demand inertia

Caballero, Ricardo J.; Simsek, Alp - 2022

Persistent link: https://www.econbiz.de/10012886884

An Equilibrium Model of Global Imbalances and Low Interest Rates

Caballero, Ricardo J.; Farhi, Emmanuel; Gourinchas, … - Society for Economic Dynamics - SED - 2006

Three of the most important recent facts in global macroeconomics â€” the sustained rise in the US current account deficit, the stubborn decline in long run real rates, and the rise in the share of US assets in global portfolio â€” appear as anomalies from the perspective of...

Persistent link: https://www.econbiz.de/10005090729

Shortfall Risks and Excess Chances of Option-Based Rollover Hedge-Strategies with Respect to Alternative Target Returns : Empirical Evidence from the German Stock Market

Adam, Michael; Albrecht, Peter; Maurer, Raimond - 1996

approach return and risk of various rollover option strategies (put hedge; covered short call; collar). In addition to measure …) historique, ils evaluent le possibilites et risques des strategies de hedging par options (put hedge; covered short call; collar … auteurs essaient d´identifier des relations determinantes entre les differents types des strategies de hedging par options …

Persistent link: https://www.econbiz.de/10005842496