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The welfare cost of inflation with banking time

Gillman, Max - 2018

The paper presents the welfare cost of inflation in a banking time economy that models exchange credit through a bank … welfare cost of a 10% inflation rate instead of zero, for comparison to other estimates, as well as the cost of a 2% inflation … rate instead of a zero inflation rate. The zero rate is specified as the US inflation rate target in the 1978 Employment …

Persistent link: https://www.econbiz.de/10012012509

The Fed's monetary policy rule and US inflation : the case of asymmetric preferences

Surico, Paolo - In: Journal of economic dynamics & control 31 (2007) 1, pp. 305-324

Persistent link: https://www.econbiz.de/10003404905

Euler investement equation, leverage and cash flow misspecification : an empirical analysis on a panel of French manufacturing firms

Chatelain, Jean-Bernard; Teurlai, Jean-Christophe - In: Journal of macroeconomics 28 (2006) 2, pp. 361-374

Persistent link: https://www.econbiz.de/10003331940

Testing hyperbolic discounting in consumer decisions : evidence for Argentina

Ahumada, Hildegart A.; Garegnani, María Lorena - In: Economics letters 95 (2007) 1, pp. 146-150

Persistent link: https://www.econbiz.de/10003448255

Estimating euler equations with noisy data : two exact GMM estimators

Alan, Sule (contributor); Attanasio, Orazio P. (contributor) - 2006

Persistent link: https://www.econbiz.de/10003386092

Euler Equation estimation on micro data

Alan, Sule; Atalay, Kadir; Crossley, Thomas F. - 2012

First order conditions from the dynamic optimization problems of consumers and firms are important tools in empirical macroeconomics. When estimated on micro-data these equations are typically linearized so standard IV or GMM methods can be employed to deal with the measurement error that is...

Persistent link: https://www.econbiz.de/10009571060

Information-theoretic estimation of preference parameters : macroeconomic applications and simulation evidence

Gregory, Allan W.; Lamarche, Jean-Francois; Smith, Gregor W. - 2001 - First draft February 2000

This paper investigates the behaviour of estimators based on the Kullback-Leibler information criterion (KLIC), as an alternative to the generalized method of moments (GMM). We first study the estimators in a Monte Carlo simulation model of consumption growth with power utility. Then we compare...

Persistent link: https://www.econbiz.de/10009676158

Estimation of discount factor ß and coefficient of relative risk aversion γ in selected countries

Ahmed, Waqas; Haider, Adnan; Iqbal, Javed - 2012

Persistent link: https://www.econbiz.de/10009567758

Efficient estimation for ergodic diffusions sampled at high frequency

Sørensen, Michael (contributor) - 2007

Persistent link: https://www.econbiz.de/10003734476

Estimating Euler equations with noisy data : two exact GMM estimators

Alan, Sule; Attanasio, Orazio P.; Browning, Martin James - In: Journal of applied econometrics 24 (2009) 2, pp. 309-324

Persistent link: https://www.econbiz.de/10003817851