Showing 1 - 10 of 11
Erwartungen über zukünftige Entwicklungen spielen für die Beurteilung der aktuellen wirtschaftlichen Situation eine entscheidende Rolle. Als eine Erklärung konjunktureller Schwankungen wird beispielsweise in der Konjunkturtheorie die Erwartungsbildung bei unvollständigen Informationen...
Persistent link: https://www.econbiz.de/10009129467
This paper develops a small open economy model to investigate the impact of rising sovereign bond market spreads on the real economy. One key element of the model is a "sovereign risk channel" through which tensions in the sovereign bond market tend to spill over into private credit markets. The...
Persistent link: https://www.econbiz.de/10010513240
consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has …
Persistent link: https://www.econbiz.de/10011984941
Population growth rates have fallen considerably in most developed countries. An important question for monetary policy is whether this has led to a fall in the natural rate of interest. In representative agent models, the response of the natural rate to a fertility shock crucially depends on...
Persistent link: https://www.econbiz.de/10011984942
The output gap is a key variable of business cycle analysis and policy. Obtaining reliable estimates for it, is very difficult, though. Most real-time estimates are frequently revised over time. The idea of this paper is to use various indicators, for example from business surveys, that (i) were...
Persistent link: https://www.econbiz.de/10011929059
This paper develops a small open economy model to investigate the impact of rising sovereign bond market spreads on the real economy. One key element of the model is a "sovereign risk channel" through which tensions in the sovereign bond market tend to spill over into private credit markets. The...
Persistent link: https://www.econbiz.de/10010512139
The output gap is a key variable of business cycle analysis and policy. Obtaining reliable estimates for it, is very difficult, though. Most real-time estimates are frequently revised over time. The idea of this paper is to use various indicators, for example from business surveys, that (i) were...
Persistent link: https://www.econbiz.de/10011928277
consistent with standard growth theory. Investment increases, while real wages fall in the short run. Overall, immigration has …
Persistent link: https://www.econbiz.de/10011980497
Population growth rates have fallen considerably in most developed countries. An important question for monetary policy is whether this has led to a fall in the natural rate of interest. In representative agent models, the response of the natural rate to a fertility shock crucially depends on...
Persistent link: https://www.econbiz.de/10011980508