Similar Search Results

Cuba-Borda, Pablo; Singh, Sanjay R. - 2019 - This version: February 2019

We theoretically explore long-run stagnation at the zero lower bound in a representative agent framework. We analytically compare expectations-driven stagnation to a secular stagnation episode and find contrasting policy implications for changes in government spending, supply shocks and...

Persistent link: https://www.econbiz.de/10012004630

Seven replies to the critiques of Modern Money Theory

Tymoigne, Éric - 2021

Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in the financial sector and among some politicians, it has come under strong criticisms from all sides of the academic spectrum and from conservative political...

Persistent link: https://www.econbiz.de/10012795769

The Asymmetric Effects of Oil Shocks on Output Growth : A Markov-Switching Analysis for the G-7 Countries

Manera, Matteo - 2014

In this paper we specify and estimate different Markov-switching (MS) regime autoregressive models. The empirical performance of the univariate MS models used to describe the switches between different economic regimes for the G-7 countries is in general not satisfactory. We extend these models...

Persistent link: https://www.econbiz.de/10012709869

Oil Price Fluctuations and it Impact on Economic Growth : A DSGE Approach

Bondzie, Eric - 2016

Ghana is poised to be one of the fastest growing economies in Sub-Saharan Africa because of its emerging oil and gas industry. Ghana's discovery of oil in commercial quantities in 2007 and its commencement of production in 2010 are expected to have an impact on the economy. To investigate these,...

Persistent link: https://www.econbiz.de/10012999305

Growth prospects, the natural interest rate, and monetary policy

Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - 2019

The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining … persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion …

Persistent link: https://www.econbiz.de/10012022449

Growth prospects, the natural interest rate, and monetary policy

Fiedler, Salomon; Gern, Klaus-Jürgen; Jannsen, Nils; … - 2019

Persistent link: https://www.econbiz.de/10011976123

Inflation Targeting and Output Growth : Empirical Evidence for the European Union

Apergis, Nicholas - 2008

adjustment rule, under alternative inflation targets, in terms of output losses in a macroeconomic model, using European Union … credibility, and that a positive inflation target, as opposed to zero inflation, leads to higher and less volatile output. These … countries supports country-specific flexible inflation targeting …

Persistent link: https://www.econbiz.de/10012774248

Monetary Policy and Economic Performance Since the Financial Crisis

Caldara, Dario - 2020

The analysis in this paper was presented to the Federal Open Market Committee as background for its discussion of the Federal Reserve's review of monetary policy strategy, tools, and communication practices. The Committee discussed issues related to the review at five consecutive meetings from...

Persistent link: https://www.econbiz.de/10012824115

Monetary Policy and Economic Performance Since the Financial Crisis

Caldara, Dario; Gagnon, Etienne; Martínez-García, Enrique - 2021

We review the macroeconomic performance during the Global Financial Crisis and subsequent economic expansion, as well as the challenges in the pursuit of the Federal Reserve's dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate...

Persistent link: https://www.econbiz.de/10013323823

Monetary Policy and Economic Performance Since the Financial Crisis

Caldara, Dario; Gagnon, Etienne; Martínez-García, Enrique - 2020

We review macroeconomic performance over the period since the Global Financial Crisis and the challenges in the pursuit of the Federal Reserve’s dual mandate. We characterize the use of forward guidance and balance sheet policies after the federal funds rate reached the effective lower bound....

Persistent link: https://www.econbiz.de/10014048774

1
2
3
4
5
6
7
8
9
10
Next
Last