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ONATSKI, Alexei; RUGE-MURCIA, Francisco J. - Département de Sciences Économiques, Université de … - 2010

We study the workings of the factor analysis of high-dimensional data using artificial series generated from a large, multi-sector dynamic stochastic general equilibrium (DSGE) model. The objective is to use the DSGE model as a laboratory that allows us to shed some light on the practical...

Persistent link: https://www.econbiz.de/10010933690

Inflation dynamics and the New Keynesian Phillips Curve: an identification robust econometric analysis

DUFOUR, Jean-Marie Dufour; KHALAF, Lynda; KICHIAN, Maral - Département de Sciences Économiques, Université de … - 2005

using survey data on inflation expectations. The results based on these two specifications exhibit sharp differences …

Persistent link: https://www.econbiz.de/10005353311

The Transmission of Monetary Policy in a Multi-Sector Economy

BOUAKEZ, Hafed; Emanuela, CARDIA; RUGE-MURCIA, Francisco - Département de Sciences Économiques, Université de … - 2005

This paper constructs and estimates a sticky-price, Dynamic Stochastic General Equilibrium model with heterogenous production sectors. Sectors differ in price stickiness, capital-adjustment costs and production technology, and use output from each other as material and investment inputs...

Persistent link: https://www.econbiz.de/10005133181

Do Inflation-Targeting Central Banks Implicitly Target the Price Level?

RUGE-MURCIA, Francisco J. - Département de Sciences Économiques, Université de … - 2009

This paper reports graphical and statistical evidence that the inflation targeting regimes in Canada and the UK - but … tracks the path implied by the inflation target, and the time-series predictions of the "bygones-are-bygones" version of … inflation targeting are rejected by the data in favor of those implied by price-level targeting. These results indicate …

Persistent link: https://www.econbiz.de/10008671579

The Effect of Public Spending on Consumption: Reconciling Theory and Evidence

AMBLER, Steve; BOUAKEZ, Hafedh; CARDIA, Emanuela - Département de Sciences Économiques, Université de … - 2008

Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks increase (crowd in) private consumption. Standard general equilibrium models predict the opposite. We show that a standard real business cycle (RBC) model in which public spending is chosen...

Persistent link: https://www.econbiz.de/10008679128

Sectoral Price Rigidity and Aggregate Dynamics

BOUAKEZ, Hafedh; CARDIA, Emanuela; RUGE-MURCIA, Francisco J. - Département de Sciences Économiques, Université de … - 2009

output and inflation responses to a monetary policy shock, (ii) the implications of sectoral price rigidity for aggregate … output and inflation dynamics and for cost pass-through, and (iii) the role of sectoral shocks in explaining sectoral prices …

Persistent link: https://www.econbiz.de/10008679132

Short run and long run causality in time series: Inference

DUFOUR, Jean-Marie; PELLETIER, Denis; RENAULT, Éric - Département de Sciences Économiques, Université de … - 2003

We propose methods for testing hypotheses of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...

Persistent link: https://www.econbiz.de/10005353142

Is Public Spending Determined by Voter Choice Or Fiscal Capacity?

Dudley, L.; Montmarquette, C. - Département de Sciences Économiques, Université de … - 1990

Persistent link: https://www.econbiz.de/10005353143

The Markup Flexibility and Inflation: a Case Study of a Large Public Entreprise.

Loranger, J.G. - Département de Sciences Économiques, Université de … - 1988

This Paper Goes Against the Current That, When Price Ae Determined From a Markup, Labor Is the Main Cause for Inflation …. It Will Be Shown on the Contrary That Capital, Under Its Physical Anf Financial Form, Is the Main Culprit for Inflation … Responsability of Capital with Respect to Inflation Would Be Between 75% and 90%. …

Persistent link: https://www.econbiz.de/10005353190

A Reexamination of the Marxian Circuit of Capital: an Econometric Interpretation

Loranger, J.G. - Département de Sciences Économiques, Université de … - 1986

Purpose of Which Was to Put Forward a Qualitative Theory of Inflation, Have Their Theoritical Foundation in Marx's Theory of …

Persistent link: https://www.econbiz.de/10005353192