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Responses in output to monetary shocks and the interest rate : a rational expectations model with working capital

Ahmed, Habib - In: Economics letters 61 (1998) 3, pp. 351-358

Persistent link: https://www.econbiz.de/10001252253

Short-run independence of monetary policy under pegged exchange rates and effects of money on exchange rates and interest rates

Ohanian, Lee E. - In: Journal of money, credit and banking : JMCB 29 (1997) 4, pp. 783-806

Persistent link: https://www.econbiz.de/10001336982

Exchange Rates and Fundamentals

Engel, Charles M. - 2004

helps explain the well known puzzle that fundamental variables such as relative money supplies, outputs, inflation and …

Persistent link: https://www.econbiz.de/10012785468

A Sticky-Information General-Equilibrium Model for Policy Analysis

Reis, Ricardo - 2010

macroeconomic series (inflation, output, hours, interest rates, and wages), and which can be used to inform applied monetary policy …

Persistent link: https://www.econbiz.de/10012757855

Perpetual Youth and Endogenous Labour Supply : A Problem and a Possible Solution

Ascari, Guido; Rankin, Neil - 2021

In the "perpetual youth" overlapping-generations model of Blanchard and Yaari, if leisure is a "normal" good then some agents will have negative labour supply. We suggest a solution to this problem by using a modified version of Greenwood, Hercowitz and Huffman's utility function. The...

Persistent link: https://www.econbiz.de/10013319347

A Sticky-Information General-Equilibrium Model for Policy Analysis

Reis, Ricardo - 2009

macroeconomic series (inflation, output, hours, interest rates, and wages), and which can be used to inform applied monetary policy …

Persistent link: https://www.econbiz.de/10012463915

Exchange Rates and Fundamentals

Engel, Charles - 2004

helps explain the well known puzzle that fundamental variables such as relative money supplies, outputs, inflation and …

Persistent link: https://www.econbiz.de/10012467971

Secular economic changes and bond yields

Feunou, Bruno; Fontaine, Jean-Sébastien - 2021 - Last updated: March 19, 2021

We build a model for bond yields based on a small-scale representation of an economy with secular declines in inflation …, the real rate and output growth. Long-run restrictions identify nominal shocks that influence long-run inflation but do … results show that, before the anchoring of inflation around the mid-1990s, nominal shocks lifted the output gap and inflation …

Persistent link: https://www.econbiz.de/10012488074

Nominal Wage Rigidities and the Propagation of Monetary Disturbances

Erceg, Christopher J. - 2003

Recent research has challenged the ability of sticky price general equilibrium models to generate a contract multiplier, i.e., an effect of a monetary innovation on output that extends beyond the contract interval. We show that a simple dynamic general equilibrium model that includes...

Persistent link: https://www.econbiz.de/10014063964

Reconsidering the Role of Money for Output, Prices and Interest Rates

Giordani, Paolo; Favara, Giovanni - 2003

New Keynesian models of monetary policy assign no role to monetary aggregates, in the sense that the level of output, prices, and interest rates can be determined without knowledge of the quantity of money. We evaluate the empirical validity of this prediction by studying the effects of shocks...

Persistent link: https://www.econbiz.de/10014101912