Showing 1 - 10 of 13,050
Persistent link: https://www.econbiz.de/10001740784
Persistent link: https://www.econbiz.de/10013261157
The present paper uses German annual data covering the period 1969-2000 to present evidence on the link between aggregate inflation and the higher-order moments of the distribution of relative price changes. Our empirical findings confirm predictions of contributions to the theoretical...
Persistent link: https://www.econbiz.de/10011476471
Persistent link: https://www.econbiz.de/10014266805
Persistent link: https://www.econbiz.de/10003931303
investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the … relative price of investment. The second shock affects the production of installed capital from investment goods or, more … broadly, the transformation of savings into future capital input. We find that this shock is the most important driver of U …
Persistent link: https://www.econbiz.de/10003948199
Persistent link: https://www.econbiz.de/10009259798
This paper shows that increased volatility of Örm-level productivity can push the nominal interest rate to its lower bound with large amplification effects on macroeconomic aggregates. The framework combines a simple canonical Önancial accelerator model, time varying risk shocks, and a zero...
Persistent link: https://www.econbiz.de/10012231163
This paper examines the sources of fluctuations in inflation and output in two leading transition- economy candidates for admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy aggregate supply- aggregate demand model, we consider real oil...
Persistent link: https://www.econbiz.de/10014124144
the leading shock candidates can explain fluctuations in output and hours. It concludes that we are much closer to …
Persistent link: https://www.econbiz.de/10014024291