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Pitfalls in the Modelling of Forward-Looking Price Setting and Inverstment Behavior
Sveen, Tommy; Weinke, Lutz - 2004
We discuss some difficulties in a dynamic New-Keynesian model with staggered price setting à la Calvo and a convex capital adjustment cost at the firm level, as considered by Woodford (2003, Ch. 5). It is shown that the implied simultaneous price setting and investment decision has not been...
Persistent link: https://www.econbiz.de/10012143615
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New Perspectives on Capital and Sticky Prices
Sveen, Tommy; Weinke, Lutz - 2004
We model capital accumulation in a dynamic New-Keynesian model with staggered price setting à la Calvo. It is assumed that firms do not have access to a rental market for capital. We compare our model with an alternative specification where households accumulate capital and rent it to firms....
Persistent link: https://www.econbiz.de/10012143617
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Pitfalls in the modeling of forward-looking price setting and investment decisions
Sveen, Tommy; Weinke, Lutz - Department of Economics and Business, Universitat … - 2004
The present paper makes progress in explaining the role of capital for inflation and output dynamics. We followWoodford (2003, Ch. 5) in assuming Calvo pricing combined with a convex capital adjustment cost at the firm level. Our main result is that capital accumulation affects inflation...
Persistent link: https://www.econbiz.de/10005572629
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European Union Economy System Dynamic Model Development
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2012
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
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Latvia’s incoming in European Union economic effect estimation
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2010
structural and cohesion funds, removed the trading barriers, increases foreign investments, reduced unemployment, increased labor …
Persistent link: https://www.econbiz.de/10009216353
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On Consequences of Investing into Production of the Additional Income Generated by World Prices Growths on Raw Materials and Energy Resources
Kolemajev, Vladimir - In: Applied Econometrics 7 (2007) 3, pp. 53-65
The work, based on a mathematical model, shows that investment of the additional income into production under reasonable state control, accompanied by moderate inflationary pressure on the consumer market, effects optimal economic growth. The inflationary pressure can to a considerable extent be...
Persistent link: https://www.econbiz.de/10009366504
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Household savings behaviour in 2010.
A. Bachellerie. - In: Quarterly selection of articles - Bulletin de la Banque … (2011) 22, pp. 67-78
Like their European counterparts, French households reduced their savings and increased their consumption. They invested in liquid bank assets, reducing their exposure to life insurance products.
Persistent link: https://www.econbiz.de/10010552972
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The interdependent relationship between the types of investments and income in Republic of Macedonia
Mojanoski, Goran; Georgievski, Marko; Mitevski, Viktor; … - In: Journal of Contemporary Economic and Business Issues 4 (2017) 2, pp. 51-61
In this paper, we study the interdependent relationship between three types of investments: foreign direct investments …, central government investments, and all other investments, and their role in the gross domestic product dynamics in the … that, in the long run, there is only one relationship in which all other investments are dependent variables. In it, the …
Persistent link: https://www.econbiz.de/10011984746
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Capital markets in sub-Saharan Africa
Njenga, Githinji; Machagua, Josphat; Gachanja, Samwel - 2022
Capital markets facilitate capital growth by mobilizing savings and converting them into investments, and they are … to incentivize investments; developing and implementing focused policies to support the growth of micro, small and medium …
Persistent link: https://www.econbiz.de/10014322590
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The profitability of monetary policy transmission
Hsu, Alex; Mitra, Indrajit; Zeng, Linghang - 2023
We provide firm-level evidence that Federal Open Market Committee announcements have real effects by changing expectations of firm profitability. We use an existing decomposition of a monetary policy shock into a central bank information component (CBI) and a conventional monetary component...
Persistent link: https://www.econbiz.de/10014388420