Narrow search
Showing 1 - 10 of 2,088
Cover Image
Optimal liquidity control and systemic risk in an interbank network with liquidity shocks and regime-dependent interconnectedness
Chotipong Charoensom; Thaisiri Watewai - 2022
Persistent link: https://www.econbiz.de/10013259623
Cover Image
Disaggregated inflation dynamics in Thailand : which shocks matter?
Nuwat Nookhwun; Pym Manopimoke - 2023
Persistent link: https://www.econbiz.de/10014438108
Cover Image
Menu-cost pricing theory and endogenous conditional heteroskedasticity
Smith, Gregor W. - 1987
Persistent link: https://www.econbiz.de/10003532767
Cover Image
Product turnover and endogenous price flexibility in uncertain times
Khalil, Makram; Lewis, Vivien - 2024
Price setting has become more flexible following a string of large adverse shocks (Covid-19, the Ukraine War). We argue that a shift to a high-uncertainty regime incentivizes firms to invest in their ability to adjust prices. We formalize this idea in a general equilibrium model with endogenous...
Persistent link: https://www.econbiz.de/10014558815
Cover Image
Sales and monetary policy
Guimarães, Bernardo (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003841980
Cover Image
Expectations formation, sticky prices, and the ZLB
Bersson, Betsy; Hürtgen, Patrick; Paustian, Matthias - 2019
At the zero lower bound (ZLB), expectations about the future path of monetary or fiscal policy are crucial. We model expectations formation under level-k thinking, a form of bounded rationality introduced by García-Schmidt and Woodford (2019) and Farhi and Werning (2017), consistent with...
Persistent link: https://www.econbiz.de/10012101259
Cover Image
Two-country new Keynesian DSGE model : a small open economy as a limit case
Silveira, Marcos Antonio Coutinho da - 2015
We build a two-country version of the model in Gali & Monacelli (2005), which extends for a small open economy the new Keynesain DSGE model used as tool for monetary policy analysis in closed economies. A distinctive feature of the model is that the terms of trade enters directly into the new...
Persistent link: https://www.econbiz.de/10012038711
Cover Image
Monetary policy obeying the Taylor principle turns prices into strategic substitutes
Cornand, Camille; Heinemann, Frank - 2018
Monetary policy affects the degree of strategic complementarity in firms pricing decisions if it responds to the aggregate price level. In normal times, when monopolistic competitive firms increase their prices, the central bank raises interest rates, which lowers consumption demand and creates...
Persistent link: https://www.econbiz.de/10011900074
Cover Image
The transmission of bank liquidity shocks : evidence from the Eurosystem collateral framework
Hüttl, Pia; Kaldorf, Matthias - 2024
How does a shock to the liquidity of bank assets affect credit supply, cross-border lending, and real activity at the …. This collateral framework shock added loans to non-domestic euro area firms to the pool of eligible assets. Using loan … shock. However, the shock had real effects: firms highly exposed to affected banks increase their total debt, employment …
Persistent link: https://www.econbiz.de/10014467917
Cover Image
Monetary policy and the current account : theory and evidence
Hjortsoe, Ida; Weale, Martin; Wieladek, Tomasz - 2016
monetary policy shock depends on the degree of economic regulation in different markets. In particular, financial (product … for 19 OECD countries. Our empirical results support the theory. We therefore conclude that following a monetary policy …
Persistent link: https://www.econbiz.de/10011436615