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Advances in Monetary Policy and Macroeconomics

Arestis, Philip (ed.); Zezza, Gennaro (ed.) - 2007

This book deals with the key aspects of developments in monetary economics and macroeconomics, such as the New Consensus Macroeconomics, and further ones such as money, credit and the business cycle. Adding to the analysis are developments that focus on issues for open and spatial macroeconomics

Persistent link: https://www.econbiz.de/10012054267

Inflation Dynamics in South Africa : The Role of Thresholds, Exchange Rate Pass-through and Inflation Expectations on Policy Trade-offs

Ndou, Eliphas - 2017

This book offers a comprehensive empirical analysis of South African inflation dynamics, using a variety of techniques including counterfactual analysis. The authors elaborate the roles in inflation of thresholds, nonlinearities and asymmetries introduced by economic conditions such as the size...

Persistent link: https://www.econbiz.de/10012397495

Economic Policies since the Global Financial Crisis

Arestis, Philip (ed.); Sawyer, Malcolm (ed.) - 2017

This book investigates the changing nature of economic policies following the Global Financial Crisis of 2007-2009. Well-respected, international scholars come together to discuss the level of economic growth following the crisis, concerns over inequality in industrialised countries, and labour...

Persistent link: https://www.econbiz.de/10012397525

Sequential Bargaining in a New-Keynesian Model with Frictional Unemployment and Staggered Wage Negotiation

de Walque, Gregory - 2009

We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated every period. The workers' bargaining power in the hours negotiation affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i) the more...

Persistent link: https://www.econbiz.de/10012764242

Nominal Wage Rigidities in a New Keynesian Model with Frictional Unemployment

Bodart, Vincent; de Walque, Gregory; Pierrard, Olivier; … - 2021

In this paper, we propose a search and matching model with nominal stickiness à la Calvo in the wage bargaining. We analyze the properties of the model, first, in the context of a typical real business cycle model driven by stochastic productivity shocks and second, in a fully specified...

Persistent link: https://www.econbiz.de/10013317263

Money, Stock Prices and Central Banks : A Cointegrated VAR Analysis

Wiedmann, Marcel - 2011

whether liquidity conditions play an important role in stock market developments. As an innovation, liquidity conditions enter … flows, which represent the share of global liquidity that arrives in the respective country. A second aim is to understand …

Persistent link: https://www.econbiz.de/10014015328

Japan’s Lost Decade : Lessons for Asian Economies

Yoshino, Naoyuki (ed.); Taghizadeh-Hesary, Farhad (ed.) - 2017

caught in a liquidity trap. This book argues that Japan’s economic stagnation stems from a vertical “investment-saving” (IS …This book discusses Japan’s long-term economic recession and provides remedies for that recession that are useful for … other Asian economies. The book addresses why Japan’s economy has stagnated since the bursting of its economic bubble in the …

Persistent link: https://www.econbiz.de/10012397422

Macroeconomic modelling of monetary policy

Klaeffling, Matt - 2003

This paper proposes a new paradigm for the analysis of monetary policy. From an econometric point of view this new approach is just as easy to implement as reduced form analysis, but is robust to the Lucas critique. It requires no explicit prior theory and yet it encompasses all standard DSGE...

Persistent link: https://www.econbiz.de/10009635920

Surprising comparative properties of monetary models : results from a new model database

Taylor, John B.; Wieland, Volker - 2010

In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new database of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...

Persistent link: https://www.econbiz.de/10008688516

What does the single monetary policy do? : a SVAR benchmark for the European Central Bank

Monticelli, Carlo; Tristani, Oreste - 1999

Persistent link: https://www.econbiz.de/10004555305

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