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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
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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
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Measuring the ex-ante social cost of aggregate volatility
Kurz, Mordecai (contributor) - 2005
Persistent link: https://www.econbiz.de/10003755472
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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
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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
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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/10014029667
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Disagreement about inflation expectations
Mankiw, Nicholas Gregory (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001926054