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Monetary Policy and Racial Inequality
Bartscher, Alina K.; Wachtel, Paul; Kuhn, Moritz; … - 2021
This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...
Persistent link: https://www.econbiz.de/10013246912
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Macroeconomic Shocks and Racial Labour Market Differences in the U.S.
De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019
increase in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
Persistent link: https://www.econbiz.de/10012179803
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Generalized Taylor and generalized Calvo price and wage-setting: Micro evidence with macro implications
Dixon, Huw David; Le Bihan, Hervé - 2010
found to help rationalizing the hump-shaped response of inflation, without resorting to the counterfactual assumption of …
Persistent link: https://www.econbiz.de/10010273878
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Bounded Rationality, Monetary Policy, and Macroeconomic Stability
Ilabaca, Francisco - 2019
1979. Even if monetary policy is found to react only mildly to inflation pre-Volcker, the substantial degrees of bounded …
Persistent link: https://www.econbiz.de/10012866811
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Monetary Policy, Price Setting, and Credit Constraints
Balleer, Almut - 2019
We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German producer price index. We find a strong degree of monetary non-neutrality. After expansionary monetary policy, the mass of additional price adjustments is economically small and...
Persistent link: https://www.econbiz.de/10012857905
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Behavioral New Keynesian Models : Learning vs. Cognitive Discounting
Meggiorini, Greta; Milani, Fabio - 2021
This paper estimates a New Keynesian model with new and old behavioral elements. Agents in the model exhibit cognitive discounting, or myopia: they discount variables far into the future at higher rates than typically implied in the benchmark model. We investigate the model under different...
Persistent link: https://www.econbiz.de/10013229788
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Inflation and output dynamics in a model with labor market search and capital accumulation
Heer, Burkhard; Maußner, Alfred - 2007
rate policy helps to reconcile the inflation and output persistence with empirical observations for the US economy. We show … findings for the inflation inertia in a model with capital adjustment costs and variable capacity utilization, the output …
Persistent link: https://www.econbiz.de/10010275797
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Inflation and Output Dynamics in a Model with Labor Market Search and Capital Accumulation
Heer, Burkhard; Maussner, Alfred - 2021
rate policy helps to reconcile the inflation and output persistence with empirical observations for the US economy. We show … findings for the inflation inertia in a model with capital adjustment costs and variable capacity utilization, the output …
Persistent link: https://www.econbiz.de/10013316997
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Monetary Policy in Turkey after Central Bank Independence
Gürkaynak, Refet S.; Kantur, Zeynep; Tas, M. Anil; … - 2015
inflation targeter early in this period but began to pay less attention to inflation after 2009. Loss of the strong nominal …
Persistent link: https://www.econbiz.de/10011388254
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Monetary Policy, Price Setting, and Credit Constraints
Balleer, Almut; Zorn, Peter - 2019
We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German producer price index. We find a strong degree of monetary non-neutrality. After expansionary monetary policy, the mass of additional price adjustments is economically small and...
Persistent link: https://www.econbiz.de/10012179777