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Optimal Monetary Policy under Uncertainty in DSGE Models : A Markov Jump-Linear-Quadratic Approach

Svensson, Lars E.O. - 2008

We study the design of optimal monetary policy under uncertainty in a dynamic stochastic general equilibrium models. We use a Markov jump-linear-quadratic (MJLQ) approach to study policy design, approximating the uncertainty by different discrete modes in a Markov chain, and by taking...

Persistent link: https://www.econbiz.de/10012464755

Term, Inflation, and Foreign Exchange Risk Premia : A Unified Treatment

Svensson, Lars E.O. - 1993

interest, inflation, currency depreciation and inflation differentials. Forward rates are related to these expected future … variables via combinations of term, inflation and foreign exchange risk premia. A unified derivation, discussion and comparison …

Persistent link: https://www.econbiz.de/10012474398

How Should Monetary Policy be Conducted in an Era of Price Stability?

Svensson, Lars E.O. - 2000

inflation (with base drift in the price level) and price-level stability (without such base drift) are compared, and a suitable … loss function (corresponding to flexible inflation targeting) is discussed, including the index and level for the inflation … price stability. The benefits of credibility (private inflation expectations coinciding with the inflation target) are …

Persistent link: https://www.econbiz.de/10012471258

Inflation, Monetary Velocity, and Welfare

Krugman, Paul R. - 1982

inflation, and that the optimal monetary policy is that which maximizes real balances. We also show that the real rate of … interest is not invariant to monetary policy: inflation lowers the real rate …

Persistent link: https://www.econbiz.de/10012478118

Trade in Nominal Assets : Monetary Policy, and Price Level and Exchange Rate Risk

Svensson, Lars E.O. - 1987

In a previous paper, "Trade in Risky Assets," I have analyzed the pattern of international trade in risky real assets between barter economies, relying on the Law of Comparative Advantage and using autarky asset price differences to predict the pattern of asset trade. In this paper the analysis...

Persistent link: https://www.econbiz.de/10012476651

Monetary Policy with Flexible Exchange Rates and Forward Interest Rates as Indicators

Svensson, Lars E.O. - 1994

expectations of the time-paths of future short interest rates, monetary policy, inflation rates and currency depreciation rates …

Persistent link: https://www.econbiz.de/10012474301

Insurance Expansions and Children’s Use of Substance Use Disorder Treatment

Hamersma, Sarah - 2018

This study provides the first evidence on the effects of U.S. state-level private and public insurance expansions on specialty substance use disorder (SUD) treatment use among children ages 12 to 18. We examine both private and public expansions over the period 1996 to 2010. Public insurance...

Persistent link: https://www.econbiz.de/10012453217

The Effect of Public Insurance Expansions on Substance Use Disorder Treatment : Evidence from the Affordable Care Act

Maclean, Johanna Catherine - 2017

We examine Medicaid expansion under the Affordable Care Act (ACA) on substance use disorder (SUD) treatment utilization and financing. We couple administrative data on admissions to specialty SUD treatment and prescriptions for medications used to treat SUDs with a differences-in-differences...

Persistent link: https://www.econbiz.de/10012455339

The Impact of Increased Cost-sharing on Utilization of Low Value Services : Evidence from the State of Oregon

Gruber, Jonathan - 2016

In this study we examine the impact of a value-based insurance design (V-BID) program implemented between 2010 and 2013 at a large public employer in the state of Oregon. The program substantially increased cost-sharing, specifically copayments and coinsurance, for several healthcare services...

Persistent link: https://www.econbiz.de/10012455805

Intended and Unintended Effects of E-cigarette Taxes on Youth Tobacco Use

Abouk, Rahi; Courtemanche, Charles; Dave, Dhaval; Feng, Bo - National Bureau of Economic Research - 2021

Over the past decade, rising youth use of e-cigarettes and other electronic nicotine delivery systems (ENDS) has prompted aggressive regulation by state and local governments. Between 2010 and 2019, ten states and two large counties adopted ENDS taxes. Applying a continuous treatment...

Persistent link: https://www.econbiz.de/10012629436