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Why price stability? : First ECB Central Banking Conference, November 2000, Frankfurt, Germany
García Herrero, Alicia (contributor);  … - 2001
Persistent link: https://www.econbiz.de/10001593869
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Bargaining power and outside options in the interbank lending market
Abbassi, Puriya; Bräuning, Falk; Schulze, Niels - 2017
We study the role of bargaining power and outside options for the pricing of over-the-counter interbank loans using a bilateral Nash bargaining model and test the model predictions with detailed transaction-level data from the euro-area interbank market. We find that lender banks with greater...
Persistent link: https://www.econbiz.de/10011740274
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The price puzzle : fact or artefact?
Arestis, Philip; Karoglou, Michail; Muratidēs, Kōstas - 2013
Persistent link: https://www.econbiz.de/10009767990
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Sticky Information Versus Sticky Prices : A Horse Race Under a General Price-Setting Scheme
Yao, Fang - 2011
This paper compares sticky-price and sticky-information model under a more general staggering price-setting scheme … that, without strategic complementarity in the price-setting, two models generate similar inflation dynamics. The … distribution of price durations dominates the shape of impulse response in both models. Furthermore, with strategic complementarity …
Persistent link: https://www.econbiz.de/10014179247
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Dynamics of the Price Distribution in a General Model of State-Dependent Pricing
Costain, James S.; Nakov, Anton - 2009
the steady-state distribution of price adjustments in microdata; realism calls for firm-specific shocks. Computing a …
Persistent link: https://www.econbiz.de/10014211291
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Monetary Policy, Rule-of-Thumb Consumers and External Habits: A G7 Comparison
Di Bartolomeo, Giovanni; Rossi, Lorenza; Tancioni, … - 2009
This paper extends the standard New Keynesian dynamic stochastic general equilibrium (DSGE) model to agents who cannot smooth consumption (i.e. spenders) and are affected by external consumption habits. Although these assumptions are not new, their joint consideration strongly affects some...
Persistent link: https://www.econbiz.de/10010343913
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Unconventional monetary policy in a currency union with segmentation in the market for government debt
Tischbirek, Andreas - 2016
Persistent link: https://www.econbiz.de/10011563989
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Identifying the role of labor markets for monetary policy in an estimated DSGE model
Christoffel, Kai (contributor); Küster, Keith (contributor) - 2006
We focus on a quantitative assessment of rigid labor markets in an environment of stable monetary policy. We ask how wages and labor market shocks feed into the inflation process and derive monetary policy implications. Towards that aim, we structurally model matching frictions and rigid wages...
Persistent link: https://www.econbiz.de/10003339179
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Identifying the role of labor markets for monetary policy in an estimated DSGE model
Christoffel, Kai (contributor); Küster, Keith (contributor) - 2006
Persistent link: https://www.econbiz.de/10003448377
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Monetäre Schocks in VAR-Modellen
Gerke, Rafael; Werner, Thomas - 2001
Im folgenden soll versucht werden, empirische Evidenz zum Transmissionsmechanismus mit Hilfe monetärer Schocks zu generieren. Die quantitativen Auswirkungen der monetären Impulse werden mit Hilfe von Impuls-Antwort-Funktionen beschrieben, wobei die Impuls- Antwort-Funktionen auf einem VAR...
Persistent link: https://www.econbiz.de/10011525118