Similar Search Results

Monetary Growth, Inflation, and Economic Activity in a Dynamic Macro Model

Turnovsky, Stephen J. - 1987

This paper analyzes the effects of an increase in the monetary growth rate within a dynamic optimizing macroeconomic model. Both the short-run and long-run effects, and therefore the adjustments along the transitional path, depend critically upon the tax structure and the firm's corresponding...

Persistent link: https://www.econbiz.de/10012476936

1944, 1963 and 1985 : Modiglianiesque Macro Models

Fischer, Stanley - 1986

In 1944 Franco Modigliani published a famous article summarizing the Keynesian model; in 1963 he extended the 1944 framework. This paper,written for a conference in honor of Modigliani, asks how the earlier papers would be modified in the light of recent developments in macroeconomics. The...

Persistent link: https://www.econbiz.de/10012477280

Rational Expectations Models in Macroeconomics

Taylor, John B. - 1983

This paper is a review of rational expectations models used in macroeconomic research. The purpose is to examine in some detail the differences between the models, the advantages and disadvantages of alternative models the empirical support for the models and their policy implications. The main...

Persistent link: https://www.econbiz.de/10012477873

Inventories in the Keynesian Macro Model

Blinder, Alan S. - 1980

An otherwise conventional Keynesian macro model is modified to include inventories of final goods by (1) drawing a distinction between production and final sales, and (2) allowing for a negative effect of the level of inventories on production. Two models are presented: one in which the labor...

Persistent link: https://www.econbiz.de/10012478685

Rational Expectations and the Dynamic Structure of Macroeconomic Models : A Critical Review

Shiller, Robert J. - 1975

The recent literature on rational expectations in macroeconomic theory is surveyed here with the objective of … expectations. The paper begins with a brief discussion of the theory of martingales as it has been applied to microeconomic theory … with a discussion of the possibilities for estimation arid application of such linear models …

Persistent link: https://www.econbiz.de/10012479033

Macroeconomic Modeling for Monetary Policy Evaluation

Galí, Jordi - 2007

We describe some of the main features of the recent vintage macroeconomic models used for monetary policy evaluation. We point to some of the key differences with respect to the earlier generation of macro models, and highlight the insights for policy that these new frameworks have to offer. Our...

Persistent link: https://www.econbiz.de/10012465104

The Past, Present, and Future of Macroeconomic Forecasting

Diebold, Francis X. - 1997

economic theory and hence rises and" falls with theory, receded following the decline of Keynesian theory. In recent years … powerful new dynamic stochastic general equilibrium theory has been developed macroeconomic forecasting is poised for …

Persistent link: https://www.econbiz.de/10012472523

A Simple Test of the Effect of Interest Rate Defense

Drazen, Allan - 2006

High interest rates to defend the exchange rate signal that a government is committed to fixed exchange rates, but may also signal weak fundamentals. We test the effectiveness of the interest rate defense by disaggregating into the effects on future interest rates differentials, expectations of...

Persistent link: https://www.econbiz.de/10012466045

Macroeconomics and Finance : The Role of the Stock Market

Fischer, Stanley - 1984

cost of capital, and hence,investment. In this connection, we review the empirical success of the Q theory of investment …

Persistent link: https://www.econbiz.de/10012477804

Noise Trading and Exchange Rate Regimes

Jeanne, Olivier - 1999

Both the literature and new empirical evidence show that exchange rate regimes differ primarily by the noisiness of the exchange rate, not be measurable macroeconomic fundamentals. This motivates a theoretical analysis of exchange rate regimes with noise traders. The presence of noise traders...

Persistent link: https://www.econbiz.de/10012471695

1
2
3
4
5
6
7
8
9
10
Next
Last