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Optimal Simple Monetary and Fiscal Rules under Limited Asset Market Participation

Motta, Giorgio; Tirelli, Patrizio - Dipartimento di Economia, Metodi Quantitativi e … - 2011

When the central bank is the sole policymaker, the combination of limited asset market participation and consumption habits can have dramatic implications for the optimal monetary policy rule and for stability properties of a business cycle model characterized by price and nominal wage...

Persistent link: https://www.econbiz.de/10008865965

Limited asset market participation, income inequality and macroeconomic volatility

Motta, Giorgio; Tirelli, Patrizio - Department of Economics, Management School - 2013

Keynesian DSGE model we uncover a causality link between limited asset market participation, consumption inequality and … the dynamic performance of the model close to the one generated by representative-agent DSGE models. …

Persistent link: https://www.econbiz.de/10011165254

Income inequality and macroeconomic stability in a New Keynesian model with limited asset market participation

Motta, Giorgio; Tirelli, Patrizio - Department of Economics, Management School - 2012

and macroeconomic volatility in a New-Keynesian DSGE model. In our framework, redistributive polices targeting consumption …

Persistent link: https://www.econbiz.de/10011165261

Money targeting, heterogeneous agents and dynamic instability

Motta, Giorgio; Tirelli, Patrizio - Department of Economics, Management School - 2010

debate on DSGE models determinacy when the central bank implements a standard Taylor rule. We reconsider the issue here in …

Persistent link: https://www.econbiz.de/10011165330

Income inequality and macroeconomic stability in a New Keynesian model with limited asset market participation

Motta, Giorgio; Tirelli, Patrizio - Dipartimento di Economia, Metodi Quantitativi e … - 2012

and macroeconomic volatility in a New-Keynesian DSGE model. In our framework, redistributive polices targeting consumption …

Persistent link: https://www.econbiz.de/10010618395

Rule-of-thumb Consumers, Consumption Habits and the Taylor Principle

Motta, Giorgio; Tirelli, Patrizio - Dipartimento di Economia, Metodi Quantitativi e … - 2010

performance of DSGE mod- els, resurrecting Bilbiie's (2008) inverted Taylor principle. Another origi- nal contribution of the …

Persistent link: https://www.econbiz.de/10010618396

Estimating a DSGE model with Limited Asset Market Participation for the Euro Area

Albonico, Alice; Paccagnini, Alessia; Tirelli, Patrizio - Dipartimento di Economia, Metodi Quantitativi e … - 2014

We estimate a medium scale DSGE model for the Euro Area to gain intuition on the importance of Limited Asset Market …. Given these results, the LAMP hypothesis should be part and parcel of empirical DSGE models of the Euro area. …

Persistent link: https://www.econbiz.de/10010970531

Limited Asset Market Participation, Income Inequality and Macroeconomic Volatility

Motta, Giorgio; Tirelli, Patrizio - Dipartimento di Economia, Metodi Quantitativi e … - 2013

Persistent link: https://www.econbiz.de/10010901419

The Equity Premium in a DSGE Model with Limited Asset Market Participation

Menna, Lorenzo; Tirelli, Patrizio - Dipartimento di Economia, Metodi Quantitativi e … - 2014

the issue introducing Limited Asset Market Participation in an otherwise standard medium scale DSGE model. Our model fits …

Persistent link: https://www.econbiz.de/10010901431

Money Targeting, Heterogeneous Agents and Dynamic Instability

Motta, Giorgio; Tirelli, Patrizio - Dipartimento di Economia, Metodi Quantitativi e … - 2013

debate on DSGE models determinacy when the central bank implements a standard Taylor rule. We reconsider the issue here in …

Persistent link: https://www.econbiz.de/10010901438