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Dynamic effects of monetary policy shocks on macroeconomic volatility

Mumtaz, Haroon; Theodoridis, Konstantinos - 2015

We use a simple New Keynesian model, with firm specific capital, non-zero steady-state inflation, long-run risks and … rate by 150 basis points causes output and inflation volatility to rise around 10% above their steady-state standard … deviations from the policy rule and the results are re-enforced by the presence of non-zero trend inflation. …

Persistent link: https://www.econbiz.de/10011389786

Fluctuations in a dual labor market

Rion, Normann - 2020

Persistent link: https://www.econbiz.de/10012244585

International trade and labor reallocation: misclassification errors, mobility, and switching costs

Dvorkin, Maximiliano A. - 2021

Persistent link: https://www.econbiz.de/10012803460

Employment cyclicality by firm size, wage, and productivity in Brazil

Cravo, Túlio; Jacinto, Paulo de Andrade; Schimanski, … - 2018 - Version: August 27th, 2018

The important debate about how economic fluctuations affect employment reallocation in heterogeneous businesses is currently open in the literature. This debate is relevant as it matters for the understanding of the labor market dynamics, and for devising labor policies that aim at dampening...

Persistent link: https://www.econbiz.de/10011927684

Fiscal dominance

Martin, Fernando M. - 2020

Who prevails when fiscal and monetary authorities disagree about the value of public expenditure and how much to discount the future? When the fiscal authority sets debt as its main policy instrument it achieves fiscal dominance, rendering the preferences of the central bank, and thus its...

Persistent link: https://www.econbiz.de/10012308453