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Volatility and regional growth in Europe: Does space matter?

Ibáñez, Vicente Rios; Ezcurra, Roberto - 2013

This paper investigates the relationship between volatility and economic growth in the European regions over the period … allow us to incorporate into the analysis the relevance of spatial effects in the processes of regional growth in Europe … business cycle and regional growth, which is mainly consequence of the spatial spillovers induced by the incidence of …

Persistent link: https://www.econbiz.de/10011397312

Comparative analysis for Japanese Private Sector IT investment and Productivity The roles of IT investments for corporate growth and profit

Sugihara, Yoshitaka - 2017

offensive IT investment. I analyzed what kind of IT investment would lead company profit, growth, and what kind of IT investment … made reluctance for companies. I found out empirical relations between IT investment and corporate productivity. Analyses … of productivity revealed low productivity among some business types and fields, where significantly fewer benefits were …

Persistent link: https://www.econbiz.de/10011720242

Should Central Banks Consider Household Inflation Heterogeneity?

Stempel, Daniel; Neyer, Ulrike - 2022

Persistent link: https://www.econbiz.de/10013359267

Endogenous Technology, Scarring and Fiscal Policy

Elfsbacka Schmöller, Michaela - 2022

Persistent link: https://www.econbiz.de/10013359333

Rational Expectations Models with Anticipated Shocks and Optimal Policy

Winkler, Roland; Wohltmann, Hans-Werner - 2012

This paper investigates optimal policy in the presence of anticipated (or news) shocks. We determine the optimal unrestricted and restricted policy response in a general rational expectations model and show that, if shocks are news shocks, the optimal unrestricted control rule under commitment...

Persistent link: https://www.econbiz.de/10010310096

The Macroeconomic Consequences of EMU: International Evidence from a DSGE Model

Röhe, Oke; Jerger, Jürgen - 2010

In this paper, we estimate a New Keynesian DSGE model developed by Ireland (2003) on French, German and Spanish data with the aim to explore the macroeconomic consequences of EMU. In order to validate the results from the DSGE model, we amend this analysis by stability tests of monetary policy...

Persistent link: https://www.econbiz.de/10010270116

News Shocks and Optimal Simple Rules

Wohltmann, Hans-Werner; Winkler, Roland C. - 2010

This paper evaluates the performance of optimal simple policy rules in the presence of news shocks. It is shown that the inclusion of forward-looking elements enhances the performance of simple optimized interest rate rules when agents learn about future disturbances in advance. We provide a...

Persistent link: https://www.econbiz.de/10010270182

Noisy Information, Interest Rate Shocks and the Great Moderation

Scharler, Johann; Mayer, Eric - 2010

In this paper we quantitatively evaluate the hypothesis that the Great Moderation is partly the result of a less activist monetary policy. We simulate a New Keynesian model where the central bank can only observe a noisy estimate of the output gap and find that the less pronounced reaction of...

Persistent link: https://www.econbiz.de/10010270239

Some Observations in the High-Frequency Versions of a Standard New-Keynesian Model

Sacht, Stephen; Franke, Reiner - 2010

In a small-scale New-Keynesian model with a hybrid Phillips curve and IS equation, the paper is concerned with an arbitrary frequency of the agents' synchronized decision making. It investigates the validity of a fundamental methodological precept according to which no substantive prediction or...

Persistent link: https://www.econbiz.de/10010270759

Animal spirits and credit spreads in a model with a cost channel

Bofinger, Peter; Debes, Sebastian; Gareis, Johannes; … - 2011

Shocks in the financial sector caused the great recession of 2008 and pulled down the real economy. To implement financial dynamics in a stylized DSGE-framework we use behavioral elements in expectations to produce waves of bull and bear cycles in the financial intermediation process, that have...

Persistent link: https://www.econbiz.de/10010305923