Similar Search Results

Monetary policy and hysteresis in potential output

Kienzler, Daniel; Schmid, Kai D. - 2013

potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic … active output gap stabilization arises from stability analyses and welfare considerations. -- Monetary Policy ; Hysteresis …

Persistent link: https://www.econbiz.de/10009736122

State dependent monetary policy

Lippi, Francesco; Ragni, Stefania; Trachter, Nicholas - 2014

Persistent link: https://www.econbiz.de/10010342598

Langfristige Neutralität der Geldpolitik?

Schmid, Kai D. - 2010

Persistent link: https://www.econbiz.de/10008656438

Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - In: Journal of economic dynamics & control 34 (2010) 5, pp. 968-983

Persistent link: https://www.econbiz.de/10003973007

Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang (contributor); … - 2008

It is common knowledge that the standard New Keynesian model is not able to generate a persistent response in output to temporary monetary shocks. We show that this shortcoming can be remedied in a simple and intuitively appealing way through the introduction of labor turnover costs (such as...

Persistent link: https://www.econbiz.de/10003719627

Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003665644

Aggregate demand shocks and economic growth

Dutt, Amitava Krishna; Ros, Jaime - In: Structural change and economic dynamics : SC+ED 18 (2007) 1, pp. 75-99

Persistent link: https://www.econbiz.de/10003411885

When inflation persistence really matters : two examples

Kirsanova, Tatiana (contributor); Vines, David (contributor) - 2007

In this paper we present two examples where the presence of inflation persistence could influence the qualitative nature of monetary policy. In the first case the desirability of a monetary policy regime comes under question when extensive inflation persistence exists. In the second case the...

Persistent link: https://www.econbiz.de/10003485606

Monetary persistence, imperfect competition, and staggering complementarities

Merkl, Christian (contributor); … - 2007

This paper explores the influence of wage and price staggering on monetary persistence. We show that, for plausible parameter values, wage and price staggering are complementary in generating monetary persistence. We do so by proposing the new measure of "quantitative inertia," after discussing...

Persistent link: https://www.econbiz.de/10003557342

Endogenous indexing and monetary policy models

Mash, Richard (contributor) - 2007

Models in which firms use a rule of thumb or partial indexing in price setting are prominent in the recent monetary policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We consider the implications of firms choosing the optimal...

Persistent link: https://www.econbiz.de/10003631410