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Stronger evidence of long-run neutrality : a comment on Bernanke and Mihov
Giordani, Paolo (contributor) - 2001 - [Elektronische Ressource], Rev. May 11, 2001
Few propositions in macroeconomics are less controversial than long-run money neutrality, yet clear and robust empirical support has not been found in time series studies. Bernanke and Mihov (1998) are comparatively successful in this hunt, but their output response to monetary policy shocks...
Persistent link: https://www.econbiz.de/10001600067
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Reconsidering the role of money for output, prices and interest rates
Favara, Giovanni (contributor); Giordani, Paolo (contributor) - 2002 - [Elektronische Ressource], First draft: September 2001, This version: November 2002
New Keynesian models of monetary policy assign no role to monetary aggregates, in the sense that the level of output, prices, and interest rates can be determined without knowledge of the quantity of money. We evaluate the empirical validity of this prediction by studying the effects of shocks...
Persistent link: https://www.econbiz.de/10001714614
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An alternative explanation of the prize puzzle
Giordani, Paolo (contributor) - 2001 - [Elektronische Ressource], Rev. November 19, 2001
policy analysis. It suggests that the best method of solving the puzzle implies a close connection between theory and …
Persistent link: https://www.econbiz.de/10001600038
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What if the fed had been an inflation nutter?
Söderlind, Paul (contributor) - 2001 - [Elektronische Ressource]
strongly inflation averse Federal Reserve Bank. Results for U.S. interest rates, output, and inflation over 1965-1999 are …
Persistent link: https://www.econbiz.de/10001600069
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Social relations in the workplace : a "linked games" approach
Spagnolo, Giancarlo - 1995
Persistent link: https://www.econbiz.de/10000921856
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Modelling macroeconomic time series with smooth transition autoregressions
Skalin, Joakim - 1999
Persistent link: https://www.econbiz.de/10000997092
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Monetary policy and bond option pricing in an analytical RBC model
Söderlind, Paul (contributor) - 2001 - [Elektronische Ressource], Rev. January 3, 2003
prices than inflation targeting. -- inflation targeting ; output targeting ; interest rates …
Persistent link: https://www.econbiz.de/10001600072
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Solution of macromodels with Hansen-Sargent robust policies : summary and some extensions
Giordani, Paolo (contributor); Söderlind, Paul (contributor) - 2002 - [Elektronische Ressource], Rev. May 15, 2003
expectations on the variances of inflation and output, and on whether central banks should make their forecasts public …
Persistent link: https://www.econbiz.de/10001664234
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Monetary policy with incomplete exchange rate pass-through
Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
The central bank's optimal reaction to foreign and domestic shocks is analyzed in an inflation targeting model allowing … that the interest rate response to foreign shocks is smaller when pass-through is low. Second, the inflation …-through ; exchange rate volatility ; inflation targeting ; monetary policy ; small open economy …
Persistent link: https://www.econbiz.de/10001622446
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Optimal monetary policy delegation under incomplete exchange rate pass-through
Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
exchange rate, through Consumer Price Index (CPI) inflation targeting is, however, beneficial. Welfare can, moreover, be …-through. -- Exchange rate pass-through ; inflation targeting ; interest rate inertia ; monetary policy ; small open economy …
Persistent link: https://www.econbiz.de/10001622448