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This study constructs an agent-based model suitable for analyzing the propagation of economic shocks based on a macroeconomic agent-based model structure that covers major economic entities. Instead of setting an upstream and downstream structure of firms in the inter-firm networks, our model...
Persistent link: https://www.econbiz.de/10014391565
While the determinants of firms’ optimal hedging strategies on the micro level are well understood, there is rarely any literature dealing with macroeconomic consequences of microeconomic risk management. This book is concerned with the impact of diverse hedging policies on macroeconomic...
Persistent link: https://www.econbiz.de/10013521234
Introductory Lecture -- Housing in DSGE Models: Findings and New Directions -- Housing and the Business Cycles -- Housing and the Macroeconomy: The Italian Case -- Cyclical Relationships Between GDP and Housing Market in France: Facts and Factors at Play -- Does Housing Really Lead the Business...
Persistent link: https://www.econbiz.de/10013522873
: Static Portfolio Theory: CAPM and Extentsions -- Consumption Based Asset Pricing Models -- Asset Pricing Models with … theory, multi-agent and evolutionary approaches, capital asset pricing beyond consumption-based models, and dynamic portfolio …
Persistent link: https://www.econbiz.de/10013522915
Microeconomics of consumer theory -- Consumer analysis, firm analysis, fiscal policy, introduction to finance theory … economics -- Real business cycle theory -- Policy analysis -- Monetary policy in the intertemporal framework -- Monetary …-lasting jobs -- International macroeconomics -- Open-economy trade -- Fiscal theory of exchange rates -- Mathematical appendix …
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The process by which most Central Banks target nominal interest rates and implement monetary policy has changed considerably in the last 20 years. Today, the use of interest payments on reserves and the decoupling of rate targets (e.g., the Fed Funds Rate) from reserve targets now play a crucial...
Persistent link: https://www.econbiz.de/10014259502
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