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1
Economics and reality
Uhlig, Harald
- In:
Journal of Macroeconomics
34
(
2012
)
1
,
pp. 29-41
thinking and
theory
. In particular, which role do calibration, statistical inference, and structural change play? What is the …
Persistent link: https://www.econbiz.de/10010574762
Saved in:
2
DSGE models for developing economies: an application to Morocco
Lahcen, Mohammed Ait
-
Volkswirtschaftliche Fakultät, …
-
2014
In this thesis we try to understand the impact of some macroeconomic features of developing economies, in particular the existence of a large informal sector, on the reaction of these economies to different shocks. In order to achieve this objective, we derive a simple New Keynesian Small Open...
Persistent link: https://www.econbiz.de/10011240203
Saved in:
3
Disinflation Costs Under Inflation Targeting in Small Open Economy Economy
Echavarría, Paulina Restrepo
-
Banco de la Republica de Colombia
Since 1991, inflation in Colombia was reduced from 25% on average to about 6% more recently. Although this performance is in line with a long run inflation target of 3%, some analysts ask whether the Central Bank should continue disinflating. In this paper we present a dynamic stochastic general...
Persistent link: https://www.econbiz.de/10005113958
Saved in:
4
A Time Series Analysis of Macroeconomic Determinants of Corporate Births in Romania in the period 2008-2013
Beca, Marusa
;
Nisulescu-Ashrafzadeh, Ileana
- In:
Romanian Statistical Review
63
(
2015
)
2
,
pp. 14-23
In this article, we studied the relationship between macroeconomic factors and the observed corporate births for the Romanian economy through the Autoregressive Distributed Lags Model (ADL). We performed a time series analysis that uses monthly data for the period January 2008 – December 2013...
Persistent link: https://www.econbiz.de/10011265054
Saved in:
5
New directions in stabilisation policies
Fendel, Ralf
- In:
BNL Quarterly Review
57
(
2004
)
231
,
pp. 365-394
theory
and stabilization policies. The paper presents the main characteristics and implications of the new class of models in …
Persistent link: https://www.econbiz.de/10010752473
Saved in:
6
New directions in stabilisation policies
Fendel, Ralf
- In:
Banca Nazionale del Lavoro Quarterly Review
57
(
2004
)
231
,
pp. 365-394
theory
and stabilization policies. The paper presents the main characteristics and implications of the new class of models in …
Persistent link: https://www.econbiz.de/10010752515
Saved in:
7
The Effects of Anticipated Future Change in the Monetary Policy Regime
Antal, Juraj
;
Brazdik, Frantisek
-
Česká Národní Banka
-
2007
In this paper, we investigate the effects of an anticipated future change in monetary policy regime in small open economies targeting either inflation or the exchange rate. The announcement of a future change in the monetary policy regime triggers an immediate change in the behavior of...
Persistent link: https://www.econbiz.de/10005094107
Saved in:
8
Liquidity, Inflation and Asset Prices in a Time-Varying Framework for the Euro Area
Baumeister, Christiane
-
2008
In this paper, we investigate how the dynamic effects of excess liquidity shocks on economic activity, asset prices and inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity (M1, M3-M1 or credit) and the underlying state...
Persistent link: https://www.econbiz.de/10012722776
Saved in:
9
An Estimated DSGE Model for the United Kingdom
DiCecio, Riccardo
-
2007
We estimate the dynamic stochastic general equilibrium model of Christiano, Eichenbaum, and Evans (2005) on United Kingdom data. Our estimates suggest that price stickiness is a more important source of nominal rigidity in the U.K. than wage stickiness. Our estimates of parameters governing...
Persistent link: https://www.econbiz.de/10012730696
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10
Changes in the Federal Reserve's Inflation Target : Causes and Consequences
Ireland, Peter N.
-
2005
This paper estimates a New Keynesian model to draw inferences about the behavior of the Federal Reserve's unobserved inflation target. The results indicate that the target rose from 1-1/4 percent in 1959 to over 8 percent in the mid-to-late 1970s before falling back below 2-1/2 percent in 2004....
Persistent link: https://www.econbiz.de/10012735860
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