Narrow search
Showing 1 - 10 of 1,096
Cover Image
Inflation and Output Volatility Under Asymmetric Incomplete Information
Carboni, Giacomo; Ellison, Martin - 2021
. Our analysis improves upon existing work by endogenising the volatility of both output and inflation. Improved …
Persistent link: https://www.econbiz.de/10013316318
Cover Image
Monetary Communication Rules
Gáti, Laura; Handlan, Amy - 2022
Is there a systematic mapping between the Federal Reserve’s expectations of macro variables and the words it uses to talk about the economy? We propose a simple framework that allows us to estimate communication rules in the United States based on text analysis with regularized regressions. We...
Persistent link: https://www.econbiz.de/10014264958
Cover Image
Openness and Optimal Monetary Policy
Lombardo, Giovanni - 2010
We show that the composition of imports has important implications for the optimal volatility of the exchange rate. Using input-output data for 25 countries we document substantial differences in the import and non-tradable content of final demand components, and in the role played by imported...
Persistent link: https://www.econbiz.de/10013135279
Cover Image
Monetary Policy and Stock Market Boom-Bust Cycles
Christiano, Lawrence J.; Ilut, Cosmin L.; Motto, Roberto; … - 2021
We explore the dynamic effects of news about a future technology improvement which turns out ex post to be overoptimistic. We find that it is difficult to generate a boom-bust cycle (a period in which stock prices, consumption, investment and employment all rise and then crash) in response to...
Persistent link: https://www.econbiz.de/10013316465
Cover Image
Forecasting inflation and tracking monetary policy in the euro area: does national information help?
Cristadoro, Riccardo; Venditti, Fabrizio; Saporito, Giuseppe - 2008
the Generalized Dynamic Factor model to develop a set of core inflation indicators that, combining national data with area …
Persistent link: https://www.econbiz.de/10011604946
Cover Image
Forecasting Inflation and Tracking Monetary Policy in the Euro Area : Does National Information Help?
Cristadoro, Riccardo; Venditti, Fabrizio; Saporito, Giuseppe - 2021
the Generalized Dynamic Factor model to develop a set of core inflation indicators that, combining national data with area …
Persistent link: https://www.econbiz.de/10013316530
Cover Image
Monetary Policy and the Financing of Firms
De Fiore, Fiorella - 2012
-term inflation volatility in response to exogenous shocks can be optimal; that the optimal response to adverse financial shocks is to … lower interest rates, if not at the zero bound, and to engineer a short period of inflation; that the Taylor rule may …
Persistent link: https://www.econbiz.de/10013116576
Cover Image
Demographics and Inflation in the Euro Area : A Two-Sector New Keynesian Perspective
Lis, Eliza - 2020
Can the aging process affect inflation? The prolonged decline of fertility and mortality rates induces a persistent … downward pressure on the natural interest rate. If this development is not internalized by the monetary policy rule, inflation … inflation found in the data for the euro area. In this model, continuing to follow the same rule makes inflation to be on a …
Persistent link: https://www.econbiz.de/10012838759
Cover Image
Dynamics and Monetary Policy in a Fair Wage Model of the Business Cycle
de la Croix, David - 2007
other sources of sluggishness to explain the observed high inflation persistence. Second, we confront empirically our fair … inflation outcomes …
Persistent link: https://www.econbiz.de/10012777408
Cover Image
The Role of Real Wage Rigidity and Labor Market Frictions for Unemployment and Inflation Dynamics
Christoffel, Kai Philipp - 2006
employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …
Persistent link: https://www.econbiz.de/10012783591