Narrow search
Showing 1 - 10 of 66,364
Cover Image
Estimating the Euler equation for output
Fuhrer, Jeffrey C. (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001721248
Cover Image
Estimating the Euler equation for output
Fuhrer, Jeffrey C.; Rudebusch, Glenn D. - 2002
Persistent link: https://www.econbiz.de/10001819832
Cover Image
Estimating the Euler Equation for Output
Fuhrer, Jeffrey C.; Rudebusch, Glenn D. - 2003
New Keynesian macroeconomic models have generally emphasized that expectations of future output are a key factor in determining current output. The theoretical motivation for such forward-looking behavior relies on a straightforward generalization of the well-known Euler equation for...
Persistent link: https://www.econbiz.de/10014074944
Cover Image
Macroeconomic dynamics and the IS puzzle
Hawkins, Raymond J.; Nguyen, Chau N. - 2018
The authors solve the IS puzzle for the G7 countries. They find that five of the G7 countries have the expected significant negative relationship between the output gap and the real-rate gap; the time series of the remaining two show material deviation from expected IS-curve behavior. The...
Persistent link: https://www.econbiz.de/10011917259
Cover Image
The dynamics of monetary policy and output growth in economic community of West African States (ECOWAS)
Sanya, Ogunsakin; Tosin, Fasina Oluwadamilola - In: Iranian economic review : journal of University of Tehran 26 (2022) 2, pp. 255-268
Persistent link: https://www.econbiz.de/10013365547
Cover Image
The welfare cost of inflation with banking time
Gillman, Max - 2018
The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank … welfare cost of a 10% inflation rate instead of zero, for comparison to other estimates, as well as the cost of a 2% inflation … rate instead of a zero inflation rate. The zero rate is specified as the US inflation rate target in the 1978 Employment …
Persistent link: https://www.econbiz.de/10012012509
Cover Image
Estimating euler equations with noisy data : two exact GMM estimators
Alan, Sule (contributor); Attanasio, Orazio P. (contributor) - 2006
Persistent link: https://www.econbiz.de/10003386092
Cover Image
Euler Equation estimation on micro data
Alan, Sule; Atalay, Kadir; Crossley, Thomas F. - 2012
First order conditions from the dynamic optimization problems of consumers and firms are important tools in empirical macroeconomics. When estimated on micro-data these equations are typically linearized so standard IV or GMM methods can be employed to deal with the measurement error that is...
Persistent link: https://www.econbiz.de/10009571060
Cover Image
Information-theoretic estimation of preference parameters : macroeconomic applications and simulation evidence
Gregory, Allan W.; Lamarche, Jean-Francois; Smith, Gregor W. - 2001 - First draft February 2000
This paper investigates the behaviour of estimators based on the Kullback-Leibler information criterion (KLIC), as an alternative to the generalized method of moments (GMM). We first study the estimators in a Monte Carlo simulation model of consumption growth with power utility. Then we compare...
Persistent link: https://www.econbiz.de/10009676158
Cover Image
Estimation of discount factor ß and coefficient of relative risk aversion γ in selected countries
Ahmed, Waqas; Haider, Adnan; Iqbal, Javed - 2012
Persistent link: https://www.econbiz.de/10009567758