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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

Strategic Policy Interactions in a Monetary Union

Carlberg, Michael (contributor) - 2009

This book studies the strategic policy interactions in a monetary union. The leading protagonists are the European Central Bank and national governments. The target of the ECB is low inflation in Europe. The targets of a national government are low unemployment and a low structural deficit....

Persistent link: https://www.econbiz.de/10013521136

A Theory of the Producer-Consumer Household : The New Keynesian Perspective on Self-Employment

Maruyama, Yoshihiro; Sonoda, Tadashi - 2011

The quick recovery of Asian economies from recent recessions in comparison to the struggling American and European economies can be attributed in part to the positive aggregate-demand externalities of their self-employment sectors. This book presents a behavioural analysis of this effect, with a...

Persistent link: https://www.econbiz.de/10012053961

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

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

Japan’s Long Stagnation, Deflation, and Abenomics : Mechanisms and Lessons

Aramaki, Kenji - 2018

stagnation and chronic deflation, with the aim of identifying the mechanism of such processes and drawing lessons for future …, the Long Recovery and after -- Chapter 5 Deflation and monetary policy -- Chapter 6 What is the real cause of stagnation … and deflation?: Analysis of company behaviors by financial statements -- Chapter 7 Abenomics and challenges for the …

Persistent link: https://www.econbiz.de/10012397380

Kointegrationskonzepte für die Kreditrisikomodellierung : Systematische Kreditrisiken und makroökonomische Theorienbildung

Wagatha, Matthias - 2005 - Gabler Edition Wissenschaft

Konjunktur verdeutlicht …

Persistent link: https://www.econbiz.de/10013517344

Asymmetry and Aggregation in the EU

Mayes, David G.; Virén, Matti E. E. - 2011

This book presents a clear exposition of what constitutes asymmetry in economics. It provides an empirical application of these ideas in the case of the EU. In particular, it shows how important asymmetry is for the appropriate design of policy in the Euro Area.

Persistent link: https://www.econbiz.de/10012106236

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

Somebody in Charge : A Solution to Recessions?

Lemieux, Pierre - 2011

This book asks a fundamental question, that is, whether "somebody in charge" could have prevented or solved the problem leading up to our current financial crisis. This book explores and answers that question from a scholarly and academic economic viewpoint

Persistent link: https://www.econbiz.de/10012053798