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Estimated general equilibrium models for the evaluation of monetary policy in the US and Europe

Leith, Campbell B.; Malley, James R. - 2002

of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In …

Persistent link: https://www.econbiz.de/10011409738

Estimated General Equilibrium Models for the Evaluation of Monetary Policy in the Us and Europe

Leith, Campbell; Malley, Jim - 2021

of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In …

Persistent link: https://www.econbiz.de/10013320548

The New Keynesian approach to dynamic general equilibrium modeling : models, methods, and macroeconomic policy evaluation

Schmidt, Sebastian; Wieland, Volker - 2012

This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...

Persistent link: https://www.econbiz.de/10010391304

Chapter 22. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation

Schmidt, Sebastian; Wieland, Volker - In: Handbook of computable general equilibrium modeling : …, (pp. 1439-1512). 2013

Persistent link: https://www.econbiz.de/10014025269

Testing the stickiness of macroeconomic indicators and disaggregated prices in Japan : a FAVAR approach

Gu, Tao - In: International journal of economics and finance 6 (2014) 7, pp. 85-93

Persistent link: https://www.econbiz.de/10010384698

Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach

Vitek, Francis - 2012

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...

Persistent link: https://www.econbiz.de/10013102206

Identifying the effects of monetary policy shocks in an open economy

Jacobson, Tor; Jansson, Per; Vredin, Anders; Warne, Anders - 2002

This paper presents estimates of the effects of monetary policy shocks on the Swedish economy. A theoretical model of an open economy is used to identify a structural VAR model. The empirical results from the identified VAR model are compared with two less structural approaches for...

Persistent link: https://www.econbiz.de/10011583125

Inflation persistence in structural macroeconomic models (RG10)

Berben, Robert-Paul; Mestre, Ricardo; Mitrakos, Theodoros; … - 2005

This paper analyses the response of inflation in the euro area to five macroeconomic shocks through the use of results … a TFP shock, generate marked inflation persistence. In contrast, an indirect tax and an oil price shock appear much less … persistent and a social security shock generates less inflation persistence in the majority of the countries (although some weak …

Persistent link: https://www.econbiz.de/10011604567

Is the Taylor Rule still an adequate representation of monetary policy in macroeconomic models?

Dean, James; Schuh, Scott - 2021

Persistent link: https://www.econbiz.de/10012796817

Chapter 28 The macroeconomics of agriculture

Ardeni, Pier Giorgio; Freebairn, John - In: Handbook of agricultural economics : volume 2, part A, …, (pp. 1455-1485). 2002

The existence of linkages between the agricultural sector and the rest of the economy points to the specificity of that sector and justifies why we can conceive of a macroeconomics of agriculture . The primary sector is characterized by product homogeneity, a pre-condition for the absence of...

Persistent link: https://www.econbiz.de/10014024103

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