Showing 1 - 10 of 127
Persistent link: https://www.econbiz.de/10002956434
Persistent link: https://www.econbiz.de/10008909312
Persistent link: https://www.econbiz.de/10012207426
A speech presented at "Food and Water - Basic Challenges to International Stability," 2009 Global Conference Series (Part 4), (Global Interdependence Center (GIC) in partnership with the University of Chicago Booth School of Business, Singapore, November 19, 2009
Persistent link: https://www.econbiz.de/10010727148
Greater Philadelphia Chamber of Commerce<p> President Charles Plosser gives his views on economic growth, inflation …
Persistent link: https://www.econbiz.de/10011124390
Persistent link: https://www.econbiz.de/10003312445
operations. For a given rate of inflation, the authors show that standing facilities unambiguously achieve higher welfare than …
Persistent link: https://www.econbiz.de/10008627184
.S. that allow for time-varying volatility. They then feed these processes into an otherwise standard New Keynesian business … cycle model calibrated to the U.S. economy. The authors find that fiscal volatility shocks have an adverse effect on …
Persistent link: https://www.econbiz.de/10009216227
The literature on optimal monetary policy in New Keynesian models under both commitment and discretion usually solves for the optimal allocations that are consistent with a rational expectations market equilibrium, but it does not study whether the policy can be implemented given the available...
Persistent link: https://www.econbiz.de/10009216230
. Finally, they characterize the optimal monetary policy and show that it necessarily entails a positive inflation rate, which …
Persistent link: https://www.econbiz.de/10009216231