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Heterogeneity in Macroeconomics and its Implications for Monetary Policy
Schnell, Fabian - 2015
Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of...
Persistent link: https://www.econbiz.de/10012402085
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Inflation versus Price-Level Targeting : Bayesian Estimation of a Small Open DSGE Model for Switzerland
Heim, Lukas - 2015
Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...
Persistent link: https://www.econbiz.de/10012819094
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International Trade and Multinational Activity : Heterogeneity of Firms, Incentives for Foreign Direct Investment, and International Business Cycle Dynamics
Emami Namini, Julian (contributor) - 2006
Investigates the dynamic welfare effects of exposure to trade in a new trade model. This book uses a new trade model to explore which country-specific conditions give rise to horizontal or vertical multinational activity. It analyzes the role of goods trade and horizontal multinational firms in...
Persistent link: https://www.econbiz.de/10013520542
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Multisector Growth Models : Theory and Application
Roe, Terry L. - 2010
This book provides a reader with a practical foundation in general equilibrium theory, embeds the theory in a multi …-sector dynamic framework, discusses how to practically link the theory to real economic data, and provides clear instructions on how … book pulls it all together in a conceptually sound, yet practical, manner, and brings the theory to life. A unique feature …
Persistent link: https://www.econbiz.de/10013521281
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Monetary Policy and the German Unemployment Problem in Macroeconomic Models : Theory and Evidence
Gottschalk, Jan (contributor) - 2005
Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past … business cycle theory. It also probes in which direction models may be extended from here. Empirically, the book uses different …
Persistent link: https://www.econbiz.de/10014014221
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Inflation Targeting and Financial Stability : Monetary Policy Challenges for the Future
Heise, Michael - 2019
Since the financial crisis of 2008/09, the world’s major central banks have been struggling to return their economies to higher growth and to reach their inflation targets. This concise book analyzes the importance of central bank policies for the economy, and specifically investigates the...
Persistent link: https://www.econbiz.de/10012397080
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Inflation Targeting in MENA Countries : An Unfinished Journey
Boughzala, Mongi (ed.); Cobham, David (ed.) - 2011
This volume assesses the current state of play for Middle East and North African countries, in the light of wider work on inflation targeting, and provides lessons from the evolution of monetary policy in Europe
Persistent link: https://www.econbiz.de/10012053950
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Issues in Finance and Monetary Policy
McCombie, John (ed.); González, Carlos Rodríguez (ed.) - 2007
The book investigates the contemporary functioning of financial institutions and monetary policies in order to assess their effects in different economic situations. It advances some proposals to improve their contribution towards a more stable and vigorous economy in the context of both...
Persistent link: https://www.econbiz.de/10012054273
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Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty
Kranz, Tobias - 2017
The book introduces the New Keynesian framework, historically through a literature overview and through a step-by-step derivation of a New Keynesian Phillips curve, an intertemporal IS curve, and a targeting rule for the central bank. This basic version is then expanded by introducing cost and...
Persistent link: https://www.econbiz.de/10014020852
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Keynesianische Makroökonomik : Unterbeschäftigung, Inflation und Wachstum
Flaschel, Peter (contributor); Groh, Gangolf (contributor);  … - 2008 - Zweite, vollständig überarbeitete Auflage
Dieses Lehrbuch zur makroökonomischen Theorie betrachtet die Einkommens- und Beschäftigungstheorie, die Analyse von … erzielten Aussagen und Ergebnisse insbesondere mit den Resultaten der Neo- und Neuklassik, des Monetarismus wie auch der Theorie …
Persistent link: https://www.econbiz.de/10014014318