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Predicting the effects of federal reserve policy in a sticky-price model : an analytical approach
McGrattan, Ellen R. - 1999
potentially large but short-lived response in output. Shocks to government spending and technology lead to persistent changes in … output but the percentage change in output is predicted to be smaller than the percentage changes in spending or technology …, government spending, and technology shocks. These comparisons confirm the theoretical findings. In response to observed changes …
Persistent link: https://www.econbiz.de/10001447236
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Technology persistence and monetary policy
Pancrazi, Roberto; Vukotic, Marija - 2013
Persistent link: https://www.econbiz.de/10009779067
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A monetary business cycle model with unemployment
Alexopoulos, Michelle - In: Journal of economic dynamics & control 31 (2007) 12, pp. 3904-3940
Persistent link: https://www.econbiz.de/10003569852
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The European Central Bank and EU procurement law : a comparative outlook
Lindeiner, Fabian von; Bitti, Giuseppe; Hermans, Michelle - 2019
Procurement law is rising in importance year after year. According to the European Commission, public procurement now accounts for over 14% of the EU's gross domestic product. Also at the ECB, spending through procurement is growing, and the evolution of its procurement law from non- binding...
Persistent link: https://www.econbiz.de/10012026205
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Big G
Cox, Lydia; Müller, Gernot J.; Pasten, Ernesto; … - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular, that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012206057
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Nontraditional monetary policy options : is commodity-based stabilization policy worth another look?
Burdekin, Richard C. K. (contributor) - 2004
The very low interest rates and inflation rates of recent years has generated renewed interest in alternative policies that would not leave central banks trapped by the zero lower bound on nominal interest rates. Amongst this debate, surprisingly little attention has been paid to the possibility...
Persistent link: https://www.econbiz.de/10002579058
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Big G
Cox, Lydia; Müller, Gernot J.; Pasten, Ernesto; … - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular; that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012388109
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Towards a Swiss Army Knife State? : the changing face of economic interventionism in advanced democracies, 1980-2015
Cronert, Axel - In: Review of international political economy 29 (2022) 2, pp. 477-501
Persistent link: https://www.econbiz.de/10013274424
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The dynamics of a small open economy in response to monetary, fiscal and productivity shocks
Cardia, Emanuela - In: Journal of monetary economics 28 (1991) 3, pp. 411-434
Persistent link: https://www.econbiz.de/10001115724
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Technology shocks and monetary policy : assessing the Fed's performance
Galí, Jordi; López-Salido, José David; Vallés, Javier - 2002
Persistent link: https://www.econbiz.de/10001647408