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Crump, Richard K. - 2020

We estimate the elasticity of intertemporal substitution (EIS)—the response of expected consumption growth to changes …). This unique data set allows us to estimate the consumption Euler equation with no auxiliary assumptions on the properties … with the results of much of the literature. In addition, planned consumption displays excess sensitivity to expected income …

Persistent link: https://www.econbiz.de/10012856136

Inflation band targeting and optimal inflation contracts

Mishkin, Frederic S.; Westelius, Niklas J. - In: Journal of money, credit and banking : JMCB 40 (2008) 4, pp. 557-582

Persistent link: https://www.econbiz.de/10003714478

The economics of money, banking, and financial markets

Mishkin, Frederic S. - 2007 - 8. ed., internat. ed.

Persistent link: https://www.econbiz.de/10003345544

Globalization, macroeconomic performance, and monetary policy

Mishkin, Frederic S. - In: Journal of money, credit and banking : JMCB 41 (2009), pp. 187-196

Persistent link: https://www.econbiz.de/10003807835

The economics of money, banking, and financial markets

Mishkin, Frederic S. - 2010 - 9th ed., global ed.

Persistent link: https://www.econbiz.de/10003893170

Have we underestimated the likelihood and severity of zero lower bound events?

Hess, Chung; Laforte, Jean-Philippe; Reifschneider, … - In: Journal of money, credit and banking : JMCB 44 (2012), pp. 47-82

Persistent link: https://www.econbiz.de/10009574677

The economics of money, banking, and financial markets

Mishkin, Frederic S. - 2006 - 7. ed., update, internat. ed

Persistent link: https://www.econbiz.de/10003137539

The economics of money, banking, and financial markets

Mishkin, Frederic S. - 2004 - 7. ed., internat. ed

Persistent link: https://www.econbiz.de/10001787769

Three lessons for monetary policy in a low-inflation era

Reifschneider, David Leon; Williams, John C. - In: Journal of money, credit and banking : JMCB 32 (2000) 4,2, pp. 936-966

Persistent link: https://www.econbiz.de/10001537696

Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates

Mertens, Thomas M. - 2019

This paper applies a standard New Keynesian model to analyze the effects of monetary policy in the presence of a low natural rate of interest and a lower bound on interest rates. Under a standard inflation-targeting approach, inflation expectations will be anchored at a level below the inflation...

Persistent link: https://www.econbiz.de/10012867264