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Gazzani, Andrea Giovanni - 2016

prices related (news) and not related (noise) to future fundamentals. I provide empirical evidence of the sizable … macroeconomic effects of news and noise shocks. Following Forni et al. (2014, 2016), I identify news and noise shocks through a non … frequencies, but in the short-medium horizon noise shocks explain a large share of the variability in housing prices, residential …

Persistent link: https://www.econbiz.de/10012986653

Interest Rate Fluctuations and Equilibrium in the Housing Market

Arslan, Yavuz - 2008

We study the general equilibrium of the housing market in an economy populated by overlapping generations of households. A contribution of the present paper is to solve for the housing market equilibrium in the presence of aggregate (interest rate) uncertainty with a realistic mortgage contract....

Persistent link: https://www.econbiz.de/10014049379

Milton Friedman's contributions to macroeconomics and teir Influence

Laidler, David E. W. - 2012

Milton Friedman's contributions to and influence on macroeconomics are discussed, beginning with his work on the consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 "Keynesian" consensus in the area. His inter-related...

Persistent link: https://www.econbiz.de/10009488221

On the mechanics of New-Keynesian models

Rupert, Peter; Šustek, Roman - 2016

We scrutinize the monetary transmission mechanism in New-Keynesian models, focusing on the role of capital, the key ingredient in the transition from the basic framework to DSGE models. The widely held view that monetary policy affects output and inflation in these models through a real interest...

Persistent link: https://www.econbiz.de/10011433135

The Impacts of Financial Policies on Inflation Rates in Sudan (1989-2010)

Mohamed, Issam A.W. - 2012

The main focus of the present paper is to analyze the impacts of financial policy on inflation rates. The analysis depended on time series data and was divided into theoretical and applied analytical framework. An econometric model was utilized to reflect the relations between financial policy...

Persistent link: https://www.econbiz.de/10013107752

The Bank of England's Forecasting Platform : COMPASS, MAPS, EASE and the Suite of Models

Burgess, Stephen - 2013

This paper introduces the Bank of England's new forecasting platform and provides examples of how it can be applied to practical forecasting problems. The platform consists of four components: COMPASS, a structural central organising model; a suite of models, used to fill in the gaps in the...

Persistent link: https://www.econbiz.de/10013081880

The Global Financial Crisis and the Arab World : Impact, Reactions and Consequences

Brach, Juliane - 2013

Much has been written on the impact of the global financial crisis on Europe, Asia and the Americas but only little on the Arab states. This article makes an early attempt to take stock of recent developments in the Arab world and offers a systematic approach to disentangle the various...

Persistent link: https://www.econbiz.de/10013085831

Information Rigidity and the Expectations Formation Process : A Simple Framework and New Facts

Coibion, Olivier - 2013

We propose a new approach to test the full-information rational expectations hypothesis which can identify whether rejections of the null arise from information rigidities. This approach quantifies the economic significance of departures from the null and the underlying degree of information...

Persistent link: https://www.econbiz.de/10013086005

Hawtrey's Good and Bad Trade : A Centenary Retrospective

Glasner, David - 2013

Ralph Hawtrey, one of the leading economists of the interwar period, published his first work in economics, Good and Bad Trade, in 1913. The book contains the key elements of the theoretical model developed and refined by Hawtrey over the next quarter century. Notwithstanding Pigou's judgment...

Persistent link: https://www.econbiz.de/10013071605

Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?

Gokhale, Jagadeesh - 2009

Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...

Persistent link: https://www.econbiz.de/10013155688

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