Narrow search
Showing 1 - 10 of 1,616
Cover Image
Money Talks
Hoerova, Marie - 2010
We study credible information transmission by a benevolent Central Bank. We consider two possibilities: direct … revelation through an announcement, versus indirect information transmission through monetary policy. These two ways of … transmitting information have very different consequences. Since the objectives of the Central Bank and those of individual …
Persistent link: https://www.econbiz.de/10013150973
Cover Image
On-the-Job Search and the Cyclical Dynamics of the Labor Market
Krause, Michael U.; Lubik, Thomas A. - 2021
We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies increases job search. By keeping job creation costs low for firms,...
Persistent link: https://www.econbiz.de/10013318926
Cover Image
Structural and cyclical forces in the labor market during the great recession : cross-country evidence
Sala, Luca; Söderström, Ulf; Trigari, Antonella - 2012
Persistent link: https://www.econbiz.de/10009664084
Cover Image
Do matching frictions explain unemployment? : not in bad times
Michaillat, Pascal - In: The American economic review 102 (2012) 4, pp. 1721-1750
Persistent link: https://www.econbiz.de/10009706461
Cover Image
Fiscal multipliers over the business cycle
Michaillat, Pascal - 2011
Persistent link: https://www.econbiz.de/10009381907
Cover Image
The limits of transparency
Cukierman, Alex - 2007
Persistent link: https://www.econbiz.de/10003549836
Cover Image
Portfolio choice, attention allocation, and price comovement
Mondria, Jordi - In: Journal of economic theory 145 (2010) 5, pp. 1837-1864
Persistent link: https://www.econbiz.de/10009157175
Cover Image
On credible monetary policy and private government information
Sleet, Christopher - In: Journal of economic theory 99 (2001) 1/2, pp. 338-376
Persistent link: https://www.econbiz.de/10001604709
Cover Image
Time Consistency and the Duration of Government Debt : A Signalling Theory of Quantitative Easing
Bhattarai, Saroj - 2015
We present a signalling theory of Quantitative Easing (QE) at the zero lower bound on the short term nominal interest … bank with balance sheet concerns. Numerical experiments show that the signalling effect can be substantial in both models …
Persistent link: https://www.econbiz.de/10013019507
Cover Image
Signaling Credibility --- Choosing Optimal Debt and International Reserves
Aizenman, Joshua; Fernandez-Ruiz, Jorge - 2021
This paper evaluates the challenges facing developing countries when there is uncertainty about the policy maker type. We consider a country characterized by volatile output, inelastic demand for fiscal outlays, high tax collection costs, and sovereign risk, where future output depends on the...
Persistent link: https://www.econbiz.de/10013226188