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Two-country new Keynesian DSGE model : a small open economy as a limit case
Silveira, Marcos Antonio Coutinho da - 2015
inflation. Furthermore, home bias in households' preferences allows for real exchange rate fluctuation, giving rise to …
Persistent link: https://www.econbiz.de/10012038711
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Search frictions, real rigidities and inflation dynamics
Thomas, Carlos (contributor) - 2007
dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is …
Persistent link: https://www.econbiz.de/10003546364
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Financial shocks and inflation dynamics
Abbate, Angela; Eickmeier, Sandra; Prieto, Esteban - 2016
We assess the effects of financial shocks on inflation, and to what extent financial shocks can account for the … shocks through sign restrictions. Our main finding is that expansionary financial shocks temporarily lower inflation. This … during the latest financial crisis. We then explore the transmission channels of financial shocks relevant for inflation, and …
Persistent link: https://www.econbiz.de/10011546785
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Uncertainty shocks and inflation dynamics in the U.S.
Haque, Qazi; Magnusson, Leandro M. - 2020
Persistent link: https://www.econbiz.de/10012601651
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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
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US business cycle dynamics at the zero lower bound
Böhl, Gregor; Strobel, Felix - 2020
the estimation severely distorts the analysis of the latest economic dynamics. …
Persistent link: https://www.econbiz.de/10012406022
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A structural investigation of quantitative easing
Böhl, Gregor; Goy, Gavin; Strobel, Felix - 2021
Did the Federal Reserve's Quantitative Easing (QE) in the aftermath of the financial crisis have macroeconomic effects? To answer this question, we estimate a large-scale DSGE model over the sample from 1998 until 2020, including data of the Fed's balance sheet. We allow for QE to affect the...
Persistent link: https://www.econbiz.de/10012426411
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A small open economy as a limit case of a two-country new Keynesian DSGE model : a Bayesian estimation with Brazilian data
Silveira, Marcos Antonio Coutinho da - 2015
inflation, so that there is no more the direct relationship between marginal cost and output gap that characterizes the closed …
Persistent link: https://www.econbiz.de/10012053264
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Monetary policy and unemployment in open economies
Engler, Philipp - 2011
After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer (2010) found that the risk of unemployment negatively...
Persistent link: https://www.econbiz.de/10009405109
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Disaggregated inflation dynamics in Thailand : which shocks matter?
Nuwat Nookhwun; Pym Manopimoke - 2023
Persistent link: https://www.econbiz.de/10014438108