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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
Persistent link: https://www.econbiz.de/10011332924
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
Persistent link: https://www.econbiz.de/10011317778
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Jump-starting the euro area recovery : would a rise in core fiscal spending help the periphery?
Blanchard, Olivier; Erceg, Christopher J.; Lindé, Jesper - 2015
liquidity trap lasting three years, about half as large as the effect on core GDP. Accordingly, under a standard ad hoc loss …
Persistent link: https://www.econbiz.de/10011294265
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A quantitative microfounded model for the integrated policy framework
Adrian, Tobias; Erceg, Christopher J.; Kolasa, Marcin; … - 2021
results also emphasize the power of FXIs to provide domestic stimulus in a liquidity trap …
Persistent link: https://www.econbiz.de/10012794931
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Understanding post-COVID inflation dynamics
Harding Affeld, Martín Ignacio; Lindé, Jesper; … - 2023
Persistent link: https://www.econbiz.de/10014249592
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Managing monetary tradeoffs in vulnerable open economies
Adrian, Tobias; Erceg, Christopher J.; Lindé, Jesper; … - 2022
Persistent link: https://www.econbiz.de/10012804918
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Should we use linearized models to calculate fiscal multipliers?
Lindé, Jesper; Trabandt, Mathias - 2017
-lived liquidity traps, and pin down the key features in the model which account for the difference. Our results caution against the … common practice of using linearized models to calculate fiscal multipliers in long-lived liquidity traps. …
Persistent link: https://www.econbiz.de/10011775554
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Firm-specific capital, nominal rigidities and the business cycle
Altig, David; Christiano, Lawrence J.; Eichenbaum, Martin S. - 2005
Persistent link: https://www.econbiz.de/10002685179
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Challenges for central banks' macro models
Lindé, Jesper; Smets, Frank; Wouters, Rafael - 2016
Persistent link: https://www.econbiz.de/10011524328
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Challenges for central banks' macro models
Lindé, Jesper; Smets, Frank; Wouters, Rafael - 2016
In this paper we discuss a number of challenges for structural macroeconomic models in the light of the Great Recession and its aftermath. It shows that a benchmark DSGE model that shares many features with models currently used by central banks and large international institutions has...
Persistent link: https://www.econbiz.de/10011471463