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productivity shocks and second, in a fully specified monetary DSGE model with various real and nominal rigidities and multiple …
Persistent link: https://www.econbiz.de/10011622322
We consider a model with frictional unemployment and staggered wage bargaining where hours worked are negotiated for each period. The workers' bargaining power in the working time negotiations affects both unemployment volatility and inflation persistence. The closer to zero this parameter, (i)...
Persistent link: https://www.econbiz.de/10011599072
the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; Search and Matching ; Nominal …
Persistent link: https://www.econbiz.de/10003831761
the new entrants wage rigidity required to match observed unemployment volatility. -- DSGE ; search and matching ; nominal …
Persistent link: https://www.econbiz.de/10003824877
equilibrium (DSGE) model. First, using a simplified version of the model, we show analytically that the results depend on the …-scale DSGE model using post-WWII U.S. data and Bayesian methods and, conditional on the estimates of structural parameters and … flexibility ; aggregate volatility ; systematic monetary policy ; DSGE model ; Bayesian estimation …
Persistent link: https://www.econbiz.de/10009521652
We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro …
Persistent link: https://www.econbiz.de/10012650006
We analyse the implications of asymmetric monetary policy rules by estimating Markovswitching DSGE models for the euro …
Persistent link: https://www.econbiz.de/10012617047
DSGE models based on New Keynesian principles, which have been extended to allow for banking, the zero lower bound on …
Persistent link: https://www.econbiz.de/10014433366
Persistent link: https://www.econbiz.de/10012991349
This paper studies the relative performance of alternative monetary policy rules in the presence of oil price shocks in a small open economy optimizing model. Our analysis shows that it is important to distinguish between alternative price indices (CPI, core CPI, and GDP deflator) when modeling...
Persistent link: https://www.econbiz.de/10011474645