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Agent-based financial markets and New Keynesian macroeconomics :a synthesis
Lengnick, Matthias; Wohltmann, Hans-Werner - 2010
straightforward channels. The result is a macroeconomic model that allows for the endogenous development of stock price bubbles. Even … used to reduce volatility and distortion of the macroeconomic aggregates. -- Agent-based financial markets ; New Keynesian …
Persistent link: https://www.econbiz.de/10008696723
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Should Central Banks Prick Asset Price Bubbles? An Analysis Based on a Financial Accelerator Model with an Agent-Based Financial Market
Vasilenko, Alexey - 2018
welfare and reduce the volatility of output and inflation, especially if asset price bubbles are caused by credit expansion …This paper studies whether and how the central bank should prick asset price bubbles, if the effect of interest rate … policy on bubbles can significantly vary across periods. For this purpose, I first construct a financial accelerator model …
Persistent link: https://www.econbiz.de/10012932004
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Agent-based financial markets and New Keynesian macroeconomics : a synthesis
Lengnick, Matthias; Wohltmann, Hans-Werner - 2011 - Updated version
business cycles and stock price bubbles. We show that market sentiments exert important influence on the macroeconomy. They … introduce high volatility into impulse-response functions of macroeconomic variables and thus make the effect of a given shock …
Persistent link: https://www.econbiz.de/10009304074
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Agent-based financial markets and New Keynesian macroeconomics : a synthesis
Lengnick, Matthias; Wohltmann, Hans-Werner - In: Journal of economic interaction and coordination : JEIC 8 (2013) 1, pp. 1-32
Persistent link: https://www.econbiz.de/10009730907
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Stock prices and monetary policy : re-examining the issue in a New Keynesian model with endogenous investment
Grossi, Michele; Tamborini, Roberto - 2012
(Monetary Policy and Asset Price Volatility, 1999, and Should Central Banks Respond to Movements in Asset Prices? 2001). The … output aggressive rule. -- New Keynesian models ; monetary policy ; stock markets and bubbles …
Persistent link: https://www.econbiz.de/10009530944
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Stock prices and monetary policy : re-examining the issue in a New Keynesian model with endogenous investment
Grossi, Michele; Tamborini, Roberto - 2011
. -- New Keynesian models ; monetary policy ; stock markets and bubbles …
Persistent link: https://www.econbiz.de/10009390284
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Bitcoin bubble trouble
Kreuser, Jérôme; Sornette, Didier - 2018 - Revised 18-Jun-18
(and rally) discrete jump distributions associated with positive (and negative) bubbles. The RE condition implies that the …
Persistent link: https://www.econbiz.de/10011899594
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The Valuation of Inherent Return (Bitcoin, Gold, Oil) Vs. Fiat Return Assets (Stocks, Bonds) – A Common Principle
Van Erlach, Julian - 2022
Economic assets can be classified into two broad categories: those earning an inherent return and those earning a fiat money return. This article shows that both are valued according to the same general principle based on GDP (a constant equal to expected long term real per capita GDP growth)...
Persistent link: https://www.econbiz.de/10013405892
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Asset market volatility and New Keynesian macroeconomics : a game-theoretic approach
Cho, Namun; Jang, Tae-Seok - In: Computational economics 54 (2019) 1, pp. 245-266
Persistent link: https://www.econbiz.de/10012134144
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Can Excess Liquidity Signal an Asset Price Boom?
Bruggeman, Annick - 2010
This paper analyses the relationship between the prevailing liquidity conditions (such as measures of money, credit and interest rates) and developments in asset prices from a monetary analysis perspective. After having identified periods of sustained excess liquidity, we analyse under which...
Persistent link: https://www.econbiz.de/10013137460