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Having the high unemployment in Germany in mind, this book discusses how macroeconomic theory has evolved over the past forty years. It shows that in recent years a convergence has taken place, with modern models embodying a Keynesian transmission mechanism, monetarist policy implication, and...
Persistent link: https://www.econbiz.de/10014014221
Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting …, and several additional structural disturbances. The results show that - exactly as expected - the volatility of inflation …-side shocks. Since inflation and output are targeted simultaneously, none of the two policies is strictly dominant. Contents …
Persistent link: https://www.econbiz.de/10012819094
This book provides an empirical and theoretical examination of the short- and medium run impacts of technological advances on the employment and wages of workers which differ in their earned educational degree. Furthermore, by introducing labor market frictions and wage setting institutions the...
Persistent link: https://www.econbiz.de/10013520753
exchange rate, exports and inflation channels.- Chapter 4. Foreign GDP growth uncertainties shock and South African economy … real exchange rate and foreign demand shocks on inflation dynamics.- Chapter 9. Is macroeconomic uncertainty a source of …
Persistent link: https://www.econbiz.de/10012398308
Regulation on Economic Growth and Inflation -- Appropriateness Study of Monetary Policy Regulation on Real Estate Price … correlations between monetary policy, economic growth, inflation and asset price volatility, explores the creation of financial … inflation, and provides a theoretical basis for and empirical demonstration of monetary policy implementation in China. Previous …
Persistent link: https://www.econbiz.de/10014021002
A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...
Persistent link: https://www.econbiz.de/10013521314
This book studies unemployment and inflation in economic crises, first considering the scenario of a demand shock in … European inflation. And what is more, there would be equally far-reaching fluctuations in the European money supply and … unemployment or European inflation; there would also be an explosion of European government purchases and an implosion of the …
Persistent link: https://www.econbiz.de/10013522949
This book studies the coexistence of inflation and unemployment in a monetary union. The focus is on how to reduce the … associated loss. The primary target of the European central bank is low inflation in Europe. The primary target of the German … inflation and unemployment? Is monetary and fiscal cooperation superior to the sequential process of monetary and fiscal …
Persistent link: https://www.econbiz.de/10013520991
approach is used to study the effects of an inflation rate change on inequality. These effects are found to be temporary and to … policy rule of all agents due to individual skill and capital endowments. This implies a transitory effect of inflation rate …
Persistent link: https://www.econbiz.de/10012396988
Ölpreiskanäle in DSGE-Modellen -- Ölpreis, Arbeitslosigkeit und optimale Geldpolitik.-Ölpreisschocks und optimale … Geldpolitik in kleinen Volkswirtschaften -- Endogener Ölpreis und Zentralbankkooperation in großen Volkswirtschaften. . … Ölpreisveränderungen untersucht. Der Inhalt Ölpreiskanäle in DSGE-Modellen Ölpreis, Arbeitslosigkeit und optimale Geldpolitik …
Persistent link: https://www.econbiz.de/10014019489