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A 2008-ban kitört pénzügyi válság ráirányította a figyelmet a mainstream makroökonómiára, amely a válság elõrejelzésében és magyarázatában rossz teljesítményt nyújtott. Az újklasszikus és az újkeynesi iskola közötti konszenzus eredményeként létrejött DSGE-modellek...
Persistent link: https://www.econbiz.de/10008611432
flexibility/rigidity of those rates is a determinant of unemployment, it seems reasonable to suspect that long-discovered systemic … differences in unemployment across groups with different degrees of schooling and experience (and, perhaps, across countries as …
Persistent link: https://www.econbiz.de/10010494689
flexibility/rigidity of those rates is a determinant of unemployment, it seems reasonable to suspect that long-discovered systemic … differences in unemployment across groups with different degrees of schooling and experience (and, perhaps, across countries as …
Persistent link: https://www.econbiz.de/10003774181
reform is modeled as a structural change inducing a permanent shift in the flexible prices unemployment and output levels …
Persistent link: https://www.econbiz.de/10005031605
compression lead to large welfare losses, since wage compression creates costly unemployment among low-skilled workers. This … unemployment. …
Persistent link: https://www.econbiz.de/10005645493
This paper improves the analysis of the role of financial frictions in the transmission of monetary policy, by bringing together the borrowers' balance sheet channel with an additional channel working through bank capital, considering capital adequacy regulations and households' preferences for...
Persistent link: https://www.econbiz.de/10004975698
In our dynamic optimizing sticky price model, agents are heterogenous with regard to their assets and their income. Unanticipated inflation redistributes income and wealth. In order to model the wealth distribution, we study a 60-period OLG model with aggregate uncertainty. A positive technology...
Persistent link: https://www.econbiz.de/10005345083
Persistent link: https://www.econbiz.de/10000942252
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