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The Effects of Forward Guidance in Three Macro Models

Chung, Hess T. - 2020

With the federal funds rate at its effective zero lower bound since the end of 2008, much attention has been focused on estimating the effects of "unconventional" monetary policy actions, such as large-scale asset purchases or explicit forward guidance concerning the future path of the funds rate

Persistent link: https://www.econbiz.de/10014091658

On the Sources of Oil Price Fluctuations

Unalmis, Deren - 2009

and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper''s aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE …

Persistent link: https://www.econbiz.de/10014402212

On the Sources of Oil Price Fluctuations

Unalmis, Deren - 2009

and their distinct effects. Kilian (2009) analyzes the effects of an oil supply shock, an aggregate demand shock, and a … precautionary oil demand shock. The paper's aim is to model macroeconomic consequences of these shocks within a new Keynesian DSGE …

Persistent link: https://www.econbiz.de/10012677522

On the Sources of Oil Price Fluctuations

Unalmis, Deren - 2010

Persistent link: https://www.econbiz.de/10013149459

Energy price shocks and stabilization policies in a multi-agent macroeconomic model for the Euro Area

Turco, Enrico; Bazzana, Davide; Rizzati, Massimiliano; … - 2022

Soaring energy prices since fall 2021 have prompted European governments to introduce policy measures to support households and businesses. In this paper, we employ the MATRIX model, a multi-sector and multi-agent macroeconomic model calibrated on the Euro Area, to analyze the economic and...

Persistent link: https://www.econbiz.de/10013383241