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Turkish Monetary Policy and Components of Aggregate Demand : A VAR Analysis with Sign Restrictions Model
Berument, Hakan - 2018
restrictions on the impulse responses of main macroeconomic variables to identify monetary shock. This study finds that …
Persistent link: https://www.econbiz.de/10012915160
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Monetary policy in an imperfect information environment
Other, Lars - 2021
Persistent link: https://www.econbiz.de/10012519676
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A note on temporary supply shocks with aggregate demand inertia
Caballero, Ricardo J.; Simsek, Alp - 2022
We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and expansionary policy is constrained. In this environment, it is optimal to run the economy hot until supply recovers. Positive output gaps in the low-supply phase lessen the negative output...
Persistent link: https://www.econbiz.de/10012886884
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What drives inflation? : disentangling demand and supply factors
Eickmeier, Sandra; Hofmann, Boris - 2022
Persistent link: https://www.econbiz.de/10013453844
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What drives inflation? : disentangling demand and supply factors
Eickmeier, Sandra; Hofmann, Boris - 2022
Persistent link: https://www.econbiz.de/10013479243
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What drives inflation? : disentangling demand and supply factors
Eickmeier, Sandra; Hofmann, Boris - 2022
We estimate indicators of aggregate demand and supply conditions based on a structural factor model using a large number of inflation and real activity measures for the United States. We identify demand and supply factors by imposing theoretically motivated sign restrictions on factor loadings....
Persistent link: https://www.econbiz.de/10013460150
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A note on temporary supply shocks with aggregate demand inertia
Simsek, Alp; Caballero, Ricardo J. - 2021
Persistent link: https://www.econbiz.de/10013188235
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Supply, demand and monetary policy shocks in a multi-country New Keynesian model
Dées, Stéphane; Pesaran, M. Hashem; Smith, L. Vanessa; … - 2010
-specific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured as … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …
Persistent link: https://www.econbiz.de/10003974674
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Supply, demand and monetary policy shocks in a multi-country New Keynesian Model
Dées, Stéphane; Pesaran, M. Hashem; Smith, L. Vanessa - 2010
countryspecific foreign output variable to capture direct inter-country linkages. In accord with the theory all variables are measured … restrictions implied by the NK theory. The multi-country DSGE NK model is then solved to provide estimates of identified supply … through error spillover effects. Bootstrapped error bands are also provided for the cross country responses of a shock to the …
Persistent link: https://www.econbiz.de/10008657123
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Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999-2000?
Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001
This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...
Persistent link: https://www.econbiz.de/10011473872