Showing 1 - 10 of 26
"Post-1980 U.S. data trace out a stable long-run money demand relationship of Cagan's semi-log form between the M1-income ratio and the nominal interest rate, with an interest semi-elasticity below 2. Integrating under this money demand curve yields estimates of the welfare costs of modest...
Persistent link: https://www.econbiz.de/10003726847
Persistent link: https://www.econbiz.de/10003837698
Persistent link: https://www.econbiz.de/10003863229
"With an estimated New Keynesian model, this paper compares the "Great Recession" of 2007-09 to its two immediate predecessors in 1990-91 and 2001. The model attributes all three downturns to a similar mix of aggregate demand and supply disturbances. The most recent series of adverse shocks...
Persistent link: https://www.econbiz.de/10008665525
Persistent link: https://www.econbiz.de/10008669309
Persistent link: https://www.econbiz.de/10011428709
Persistent link: https://www.econbiz.de/10010364639
Persistent link: https://www.econbiz.de/10011508322
Persistent link: https://www.econbiz.de/10011514858
Persistent link: https://www.econbiz.de/10011556117