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Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe

Leith, Campbell B.; Malley, James R. - 2002

A persistent criticism of general equilibrium models of monetary policy which incorporate nominal inertia in the form of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In this paper we derive a general equilibrium model based on...

Persistent link: https://www.econbiz.de/10011409738

Debt sustainability and welfare along an optimal Laffer curve

Chen, Xiaoshan; Leith, Campbell B.; Ricci, Mattia - 2018

Persistent link: https://www.econbiz.de/10011968827

Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe

Leith, Campbell B. (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001651921

Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe

Leith, Campbell B.; Malley, James R. - 2002

A persistent criticism of general equilibrium models of monetary policy which incorporate nominal inertia in the form of the New Keynesian Phillips Curce (NKPC) is that they fail to capture the extent of inflation inertia in the data. In this paper we derive a general equilibrium model based on...