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~isPartOf:"European economic review : EER"
~isPartOf:"NBER working paper series"
~person:"Schmitt-Grohé, Stephanie"
~subject:"Gender"
~subject:"Shock"
~subject:"Theorie"
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Schmitt-Grohé, Stephanie
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1
The Making Of A Great Contraction With A Liquidity Trap and A Jobless Recovery
Schmitt-Grohé, Stephanie
-
2012
recovered but
unemployment
lingered). This paper presents a model that captures these three facts. The key elements of the model …
Persistent link: https://www.econbiz.de/10012460116
Saved in:
2
Pegs, Downward Wage Rigidity, and
Unemployment
: The Role of Financial Structure
Schmitt-Grohé, Stephanie
-
2012
This paper studies the relationship between financial structure and the welfare consequences of fixed exchange rate regimes in small open emerging economies with downward nominal wage rigidity. The paper presents two surprising results. First, a pegging economy might be better off with a closed...
Persistent link: https://www.econbiz.de/10012460437
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3
Managing Currency Pegs
Schmitt-Grohé, Stephanie
-
2012
rigidity makes the economy prone to involuntary
unemployment
during external crises. This paper presents a graphical analysis …
Persistent link: https://www.econbiz.de/10012460567
Saved in:
4
World Shocks, World Prices, and Business Cycles : An Empirical Investigation
Fernández, Andrés
-
2016
Most existing studies of the macroeconomic effects of global shocks assume that they are mediated by a single intratemporal relative price such as the terms of trade and possibly an intertemporal price such as the world interest rate. This paper presents an empirical framework in which multiple...
Persistent link: https://www.econbiz.de/10012455847
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5
The Macroeconomic Consequences of Natural Rate Shocks : An Empirical Investigation
Schmitt-Grohé, Stephanie
;
Uribe, Martín
-
National Bureau of Economic Research
-
2022
Much of the empirical literature on the natural rate of interest has focused on estimating its path. This paper addresses the question of how exogenous movements in the natural rate of interest affect aggregate activity and inflation in the short and long runs. To this end it proposes a...
Persistent link: https://www.econbiz.de/10013361991
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