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We investigate the sources of macroeconomic (output and inflation) variability in selected European countries within … currently members of the European Monetary Union and non-members. As for inflation, on the contrary, regional factors are more …
Persistent link: https://www.econbiz.de/10011185978
This paper proposes a monetary model with firm entry as a means for alleviating the difficulties of real business cycle models in reproducing the smoothness and persistence of macroeconomic variables together with the volatility of profits and markups. Simulations show that my baseline model...
Persistent link: https://www.econbiz.de/10010719410
forecasts. Finally, we use the same methodology to determine whether the Fed’s forecasts of GDP growth, inflation, and …
Persistent link: https://www.econbiz.de/10011117240