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The long-run real effects of monetary policy: Keynesian predictions from a neoclassical model
Espinosa-Vega, Marco; Russell, Steven - 1998
In this paper we integrate Diamond's (1965) model of neoclassical production and capital with Wallace's (1984) model of monetary policy in order to study the real effects of two types of monetary policy actions: open market operations and changes in reserve requirements. We show that a permanent...
Persistent link: https://www.econbiz.de/10010397577
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History and theory of the NAIRU : a critical review
Espinosa-Vega, Marco A. - In: Economic review 82 (1997) 2, pp. 4-25
Persistent link: https://www.econbiz.de/10001226109
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The long-run real effects of monetary policy : Keynesian predictions from a neoclassical model
Espinosa-Vega, Marco A. - 1998
Persistent link: https://www.econbiz.de/10013436084
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The long-run real effects of monetary policy: Keynesian predictions from a neoclassical model
Espinosa-Vega, Marco; Russell, Steven - Federal Reserve Bank of Atlanta - 1998
In this paper we integrate Diamond's (1965) model of neoclassical production and capital with Wallace's (1984) model of monetary policy in order to study the real effects of two types of monetary policy actions: open market operations and changes in reserve requirements. We show that a permanent...
Persistent link: https://www.econbiz.de/10005402030
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How powerful is monetary policy in the long run?
Espinosa-Vega, Marco A. - In: Economic review 83 (1998) 3, pp. 12-31
Persistent link: https://www.econbiz.de/10001352548
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¿Cuán poderosa es la política monetaria a largo plazo?
Espinosa-Vega, Marco A. - In: Boletín / Centro de Estudios Monetarios Latinoamericanos 45 (1999) 2, pp. 76-98
Persistent link: https://www.econbiz.de/10001411299