Narrow search
Showing 1 - 4 of 4
Cover Image
Backward-looking interest-rate rules, interest-rate smoothing, and macroeconomic instability
Benhabib, Jess (contributor);  … - 2003 - [Elektronische Ressource]
linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity. …
Persistent link: https://www.econbiz.de/10001751344
Cover Image
An optimizing model of US wage and price dynamics
Sbordone, Argia M. (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001629578
Cover Image
Prices and unit labor costs : a new test of price stickiness
Sbordone, Argia M. (contributor) - 2001 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001631764
Cover Image
Jobless recovering and equilibrium involuntary unemployment with a simple efficiency wage model
Ma, Jinpeng (contributor) - 2004 - [Elektronische Ressource]. - Rev
The U.S. economy had experienced the "jobless recovering" after the 1990-1991 and 2001 recessions, which has been constantly puzzling the economists, market analysts, and policymakers. This paper uses a simple hiring game in an efficiency wage model framework to resolve that puzzle. Our...
Persistent link: https://www.econbiz.de/10001934418