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Durable Goods and the Forward-Looking Theory of Consumption : Estimates Implied by the Dynamic Effects of Money
Lastrapes, William D.; Potts, Todd B. - 2005
for durable goods; the model relies on the standard theory of intertemporal consumer choice and the trade off between … theory provides a reasonable framework for interpreting these responses for plausible parameter values …
Persistent link: https://www.econbiz.de/10014069421
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Monetary policy and sectoral shocks : did the Federal Reserve react properly to the high-tech crisis?
Raddatz, Claudio E.; Rigobón, Roberto - 2003
Persistent link: https://www.econbiz.de/10001775681
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Monetary non-neutrality in a multi-sector menu cost model
Nakamura, Emi; Jón Steinsson - 2008
Persistent link: https://www.econbiz.de/10003716066
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On the long-run neutrality of demand shocks
Chen, Wenjuan; Netsunajev, Aleksei - 2015
Long run neutrality restrictions have been widely used to identify structural shocks in VAR models. This paper revisits the seminal paper by Blanchard and Quah (1989), and investigates their identification scheme. We use structural VAR models with smoothly changing covariances for identification...
Persistent link: https://www.econbiz.de/10011349551
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Durable goods, borrowing constraints and consumption insurance
Cerletti, Enzo A.; Pijoan-Mas, Josep - 2012
Persistent link: https://www.econbiz.de/10009743930
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Do flexible durable goods prices undermine sticky price models?
Barsky, Robert B.; House, Christopher L.; Kimball, Miles S. - 2003
Persistent link: https://www.econbiz.de/10001774943
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Monetary Policy and Sectoral Shocks : Did the Federal Reserve React Properly to the High-Tech Crisis?
Raddatz, Claudio E. - 2016
find that monetary policy is a significant source of sectoral transfers. In particular, a shock to equipment and software … response to a shock similar to the one that hit the United States in early 2001. They find that the actual drop in interest …
Persistent link: https://www.econbiz.de/10012748202
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Monetary Policy and Sectoral Shocks : Did the FED react properly to the High-Tech Crisis?
Raddatz, Claudio - 2003
a significant source of sectoral transfers. In particular, a shock to Equipment and Software investment, which we … evaluating what the model predicts regarding the automatic and a more aggressive monetary policy response to a shock similar to …
Persistent link: https://www.econbiz.de/10012468863
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Monetary Policy and Sectoral Shocks : Did the Fed React Properly to the High-Tech Crisis?
Raddatz, Claudio E.; Rigobon, Roberto - 2021
a significant source of sectoral transfers. In particular, a shock to Equipment and Software investment, which we … evaluating what the model predicts regarding the automatic and a more aggressive monetary policy response to a shock similar to …
Persistent link: https://www.econbiz.de/10013227732
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Small and large price changes and the propagation of monetary shocks
Alvarez, Fernando; Le Bihan, Hervé; Lippi, Francesco - 2014
Persistent link: https://www.econbiz.de/10010438921