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Adjustment costs and nominal rigidities in a small open economy

Maußner, Alfred - 2000

Persistent link: https://www.econbiz.de/10001491178

Habit persistence in consumption in a sticky price model of the business cycle

Gail, Michael - 2004

output to money growth shocks. A monetary stochastic dynamic general equilibrium (DGE) model with a money … to money growth shocks. …

Persistent link: https://www.econbiz.de/10011525225

Persistency and money demand distortions in a stochastic DGE model with sticky prices and capital

Gail, Michael - 2003 - Revised May 5th, 2003

prices. Particular attention is given to the role of money demand and to the form of the utility function. I consider cash …-in-advance- (CIA) as well as money-in-the-utility-function- (MIU) models, with CRRA and GHH preferences, to evaluate their ability to …

Persistent link: https://www.econbiz.de/10011525326

Persistency and money demand distortions in a stochastic DGE model with sticky prices

Gail, Michael - 2004 - Revised February 26th, 2004

fixed for the firms. In this article particular attention is given to the role of money demand and to the form of the … utility function. I consider cash-in-advance- (CIA) as well as money-in-the-utility-function- (MIU) models, with CRRA and GHH … elasticity of labor supply with respect to the real wage and an interest rate sensitive money demand function. CIA …

Persistent link: https://www.econbiz.de/10011525437

Optimal monetary policy in an optimizing stochastic dynamic model with sticky prices

Gail, Michael - 2001 - Revised May 15th, 2001

Recently macroeconomic researchers have begun studying models of optimal monetary policy within the Real Business Cycle (RBC) framework. A standard RBC model is augmented by New Keynesian elements like sticky prices and monopolistically competitive firms. The monetary authority acts as a social...

Persistent link: https://www.econbiz.de/10011525493

Testing long-run neutrality : empirical evidence for G7-countries with special emphasis on Germany ; paper prepared for the Carnegie-Rochester Conference Series on Public Policy, F...

Weber, Axel A. - Carnegie Rochester Conference on Public Policy - 1993

Modem neo-Keynesian, new classical and real business cycle models typically differ in the degree to which they incorporate certain long-run or even short-run neutrality propositions. Given the importance of these neutrality propositions, it is somewhat surprising how little firm international...

Persistent link: https://www.econbiz.de/10011614244

Der Transmissionsmechanismus der Geldpolitik in regionaler Perspektive - eine Analyse für West- und Ostdeutschland

Weirowski, Tobias - 2009

Persistent link: https://www.econbiz.de/10003919426