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Adjustment is much slower than you think
Caballero, Ricardo J. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002114575
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Adjustment is much slower than you think
Caballero, Ricardo J.; Engel, Eduardo - 2003
Persistent link: https://www.econbiz.de/10001784947
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Adjustment is much slower than you think
Caballero, Ricardo J.; Engel, Eduardo - 2003
Persistent link: https://www.econbiz.de/10001794023
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Adjustment is much slower than you think
Caballero, Ricardo J.; Engel, Eduardo - 2003
Persistent link: https://www.econbiz.de/10001796262
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Adjustment is much slower than you think
Caballero, Ricardo J.; Engel, Eduardo - 2003
prices. We show that the standard practice of estimating the speed of adjustment of such variables with partial-adjustment … speed of adjustment inferred from aggregates of a small number of agents is likely to be close to instantaneous. While …, even after aggregating investment across all establishments in U.S. manufacturing, the estimate of its speed of adjustment …
Persistent link: https://www.econbiz.de/10011609531
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Prudential Monetary Policy
Caballero, Ricardo J. - 2020
Should monetary policymakers raise interest rates during a boom to rein in financial excesses? We theoretically investigate this question using an aggregate demand model with asset price booms and financial speculation. In our model, monetary policy affects financial stability through its impact...
Persistent link: https://www.econbiz.de/10012849256
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Prudential Monetary Policy
Caballero, Ricardo J. - 2019
Should monetary policy have a prudential dimension? That is, should policymakers raise interest rates to rein in financial excesses during a boom? We theoretically investigate this issue using an aggregate demand model with asset price booms and financial speculation. In our model, monetary...
Persistent link: https://www.econbiz.de/10012479926
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Prudential monetary policy
Caballero, Ricardo J.; Simsek, Alp - 2019
Persistent link: https://www.econbiz.de/10012055916
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Prudential Monetary Policy
Caballero, Ricardo J.; Simsek, Alp - 2021
Should monetary policymakers raise interest rates during a boom to rein in financial excesses? We theoretically investigate this question using an aggregate demand model with asset price booms and financial speculation. In our model, monetary policy affects financial stability through its impact...
Persistent link: https://www.econbiz.de/10013310237
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Near-rationality, heterogeneity and aggregate consumption
Caballero, Ricardo J. - 1992
Persistent link: https://www.econbiz.de/10000136641