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The role of expectations in economic fluctuations and the efficacy of monetary policy

Kurz, Mordecai; Jin, Hehui; Motolese, Maurizio - 2003

We show diverse beliefs is an important propagation mechanism of fluctuations, money non neutrality and efficacy of monetary policy. Since expectations affect demand, our theory shows economic fluctuations are mostly driven by varying demand not supply shocks. Using a competitive model with...

Persistent link: https://www.econbiz.de/10010298249

Measuring the ex-ante social cost of aggregate volatility

Kurz, Mordecai (contributor) - 2005

Persistent link: https://www.econbiz.de/10003755472

The role of expectations in economic fluctuations and the efficacy of monetary policy

Kurz, Mordecai; Jin, Hehui; Motolese, Maurizio - In: Journal of economic dynamics & control 29 (2005) 11, pp. 2017-2065

Persistent link: https://www.econbiz.de/10003172934

The role of expectations in economic fluctuations and the efficacy of monetary policy

Kurz, Mordecai (contributor); Jin, Hehui (contributor); … - 2003

Persistent link: https://www.econbiz.de/10001908397

The role of expectations in economic fluctuations and the efficacy of monetary policy

Kurz, Mordecai (contributor); Jin, Hehui (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001926089

The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy

Kurz, Mordecai; Jin, Hehui; Motolese, Maurizio - 2003

We show diverse beliefs is an important propagation mechanism of fluctuations, money non neutrality and efficacy of monetary policy. Since expectations affect demand, our theory shows economic fluctuations are mostly driven by varying demand not supply shocks. Using a competitive model with...

Persistent link: https://www.econbiz.de/10014029667

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