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Hysteresis and Emu
Cross, Rod - 2001
We consider how differences between the way firms react to a common monetary policy affect the performance of a monetary union. A model is presented in which heterogeneous firms respond discontinuously to monetary shocks. The implication is that the level of economic activity has a selective...
Persistent link: https://www.econbiz.de/10014143358
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Secular stagnation, unemployment hysteresis and monetary policy in EMU : scratches but not scars?
Belke, Ansgar - In: The Economists' voice 15 (2018) 1, pp. 1-14
Persistent link: https://www.econbiz.de/10011964904
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Essays on international price rigidities and exchange rates
Aksoy, Yunus - 2000
Persistent link: https://www.econbiz.de/10001622647
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Exports and capacity constraints : evidence for several euro area countries
Belke, Ansgar; Oeking, Anne; Setzer, Ralph - 2015
evidence of the importance of sunk costs and hysteresis in international trade. …
Persistent link: https://www.econbiz.de/10011300368
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Employment hysteresis : an argument for avoiding front-loaded fiscal consolidations in the eurozone
Mota, Paulo R.; Fernandes, Abel L.; Vasconcelos, Paulo B. - 2018
Persistent link: https://www.econbiz.de/10011960906
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Employment hysteresis : an argument for avoiding front-loaded fiscal consolidations in the eurozone
Mota, Paulo R.; Fernandes, Abel L.; Vasconcelos, Paulo B. - In: Review of Keynesian economics 8 (2020) 4, pp. 536-559
Persistent link: https://www.econbiz.de/10012425877
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Hysteresis and NAIRU in the Euro area
Logeay, Camille; Tober, Silke - 2005 - This version: July 2005
Hysterese impliziert die Möglichkeit einer langfristig nicht-superneutralen Geldpolitik. …This paper analyses the Nairu in the Euro Area and the influence that hysteresis had on its development. Using the … is applied here using explicit exogenous variables. In order to test for hysteresis, the dependence of the Nairu on …
Persistent link: https://www.econbiz.de/10003744523
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The impact of monetary policy on unemployment hysteresis
Stockhammer, Engelbert; Sturn, Simon - 2008 - Version 2.0
Reaktion der Geldpolitik abhängt. Der Hysteresegrad wird in der empirischen Untersuchung durch die geldpolitische Reaktion und …
Persistent link: https://www.econbiz.de/10003772351
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Aggregate demand, sunk costs and discontinuous adjustments in an amended new consensus model
Bassi, Federico - In: Review of political economy 28 (2016) 3, pp. 313-335
Persistent link: https://www.econbiz.de/10011526324
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Monetary policy in the age of automation
Fornaro, Luca; Wolf, Martin - 2021 - Revised: November 2021
Persistent link: https://www.econbiz.de/10012873089