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Cost-push shocks and monetary policy in open economies
Sutherland, Alan - 2002
Geldpolitik in einem 2-Länder-Modell mit träger Preisanpassung. Neben einem Cost-Push-Schock erlebt jedes Land auch …
Persistent link: https://www.econbiz.de/10011431833
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Monetary and fiscal policy rules in a model with capital accumulation and potentially non-superneutral money
Thadden, Leopold von - 2002
We consider the properties of two monetary policy rules (monetary targeting, Taylor-type interest rate rule) in an intertemporal equilibrium model with capital accumulation and two outside assets (government bonds, fiat money). The paper shows that the long-run behaviour of the economy depends...
Persistent link: https://www.econbiz.de/10011431769
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Budgetary policy and unemployment dynamics
Kaas, Leo; Thadden, Leopold von - 2001
Wir betrachten ein dynamisches allgemeines Gleichgewichtsmodell mit kollektiven Lohnverhandlungen am Arbeitsmarkt und …
Persistent link: https://www.econbiz.de/10011419352
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Monetary and fiscal policy interactions in a new Keynesian model with capital accumulation and non-Ricardian consumers
Leith, Campbell B. (contributor);  … - 2006
This paper develops a small New Keynesian model with capital accumulation and government debt dynamics. The paper discusses the design of simple monetary and fiscal policy rules consistent with determinate equilibrium dynamics in the absence of Ricardian equivalence. Under this assumption,...
Persistent link: https://www.econbiz.de/10003339189
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Fiscal foundation of convergence to European Union in Pre-Accession Transition Countries
Halpern, László; Neményi, Judit - 2002
Pre-Accession Transition Countries (PATCs) aim at early admittance to the monetary club. Their fiscal indicators - deficit and debt - do not show any serious symptoms. Closer scrutiny reveals, however, that the interest burden of their public debt might be underestimated, and that restructuring...
Persistent link: https://www.econbiz.de/10011431300
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Active monetary policy, passive fiscal policy and the value of public debt : some further monetarist arithmetic
Thadden, Leopold von - 2003
"aktiven" Geldpolitik und einer "passiven" Fiskalpolitik. Insbesondere wird davon ausgegangen, dass der Fiskalagent die …
Persistent link: https://www.econbiz.de/10011432135
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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
Christoffel, Kai (contributor); Linzert, Tobias (contributor) - 2006
In this paper we incorporate a labor market with matching frictions and wage rigidities into the New Keynesian business cycle model. In particular, we analyze the effect of a monetary policy shock and investigate how labor market frictions affect the transmission process of monetary policy. The...
Persistent link: https://www.econbiz.de/10003304975
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On-the-job search and the cyclical dynamics of the labor market
Krause, Michael (contributor); Lubik, Thomas A. (contributor) - 2007
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 induce more on-the-job search. By keeping job creation costs low for firms,...
Persistent link: https://www.econbiz.de/10003529502
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Central bank accountability and transparency : theory and some evidence
Eijffinger, Sylvester C. W.; Hoeberichts, Marco - 2000
accountability of the ECB with some other central banks (Bank of Canada, Bank of Japan, Bank of England and the Federal Reserve … Japan, Bank of England und Federal Reserve System). Im zweiten Teil stellen wir eine Theorie über die Rechenschaftspflicht … Geldpolitik und die Frage, wer die endgültige Verantwortung für die Geldpolitik trägt. Das Papier zeigt auf, dass die …
Persistent link: https://www.econbiz.de/10011418852
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Exchange rate dynamics, expectations, and monetary policy
Chen, Qianying - 2011
This paper re-investigates the implications of monetary policy rules on changes in exchange rate, in a risk-adjusted, uncovered interest parity model with unrestricted parameters, emphasizing the importance of modeling market expectations of monetary policy. I use consensus forecasts as a proxy...
Persistent link: https://www.econbiz.de/10009244259