Showing 1 - 10 of 915
We augment a linearized dynamic stochastic general equilibrium (DSGE) model with a tractable endogenous risk mechanism, to support the joint analysis of monetary and macroprudential policy. This state dependent conditional heteroskedasticity mechanism specifies the conditional variances of...
Persistent link: https://www.econbiz.de/10012300643
We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...
Persistent link: https://www.econbiz.de/10012418077
Persistent link: https://www.econbiz.de/10010363245
Persistent link: https://www.econbiz.de/10011521986
Persistent link: https://www.econbiz.de/10003739234
Persistent link: https://www.econbiz.de/10000647785
Persistent link: https://www.econbiz.de/10003793596
Persistent link: https://www.econbiz.de/10003887150
Persistent link: https://www.econbiz.de/10008859067
Persistent link: https://www.econbiz.de/10008859136