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The existence, endogeneity, and synchronization of long waves : structural time series model estimates

Goldstein, Jonathan P. - In: Review of radical political economics 31 (1999) 4, pp. 61-101

Persistent link: https://www.econbiz.de/10001475916

Measures of money and the quantity theory

Bullard, James Brian - In: Review / Federal Reserve Bank of St. Louis 76 (1994) 1, pp. 19-30

Persistent link: https://www.econbiz.de/10001166660

Real and financial integration in Europe : evidence for the accession states and for the pre-ins

Buch, Claudia M.; Döpke, Jörg - 1999

The process of European integration has gained considerable momentum during the past couple of years. This paper provides an assessment of the degree of integration of both the accession states of central and eastern Europe and of the pre-ins for monetary union with respect to Germany. Using...

Persistent link: https://www.econbiz.de/10011474986

Joint Estimation of the Natural Rate of Interest, the Natural Rate of Unemployment, Expected Inflation, and Potential Output

Benati, Luca; Vitale, Giovanni - 2021

We jointly estimate the natural rate of interest, the natural rate of unemployment, expected inflation, and potential … output for the Euro area, the United States, Sweden, Australia, and the United Kingdom. Particular attention is paid to time …-variation in (i) the data-generation process for inflation, which we capture via a time-varying parameters specification for the …

Persistent link: https://www.econbiz.de/10013316896

Monetary aggregates to improve early output gap estimates in the euro area -- an empirical assessment

Boysen-Hogrefe, Jens - 2014

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used to improve the reliability of early output gap estimates as proposed by several theoretical models. A real-time experiment shows that real M1 can improve output...

Persistent link: https://www.econbiz.de/10010248220

Money, prices and liquidity effects : separating demand from supply

Chadha, Jagjit (contributor); Corrado, Luisa (contributor); … - 2008

information for future output and inflation because of its impact on financial spreads. And so we decompose broad money into …

Persistent link: https://www.econbiz.de/10003784936

Alfred Marshall and the Quantity Theory of Money

Humphrey, Thomas M. - 2012

Marshall made at least four contributions to the classical quantity theory. He endowed it with his Cambridge cash-balance money-supply-and-demand framework to explain how the nominal money supply relative to real money demand determines the price level. He combined it with the assumption of...

Persistent link: https://www.econbiz.de/10013097087

Firm-specific capital, nominal rigidities and the business cycle

Altig, David; Christiano, Lawrence J.; Eichenbaum, Martin S. - 2004

inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which … resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even …

Persistent link: https://www.econbiz.de/10011584699

Asymmetric labor market institutions in the EMU : positive and normative implications

Abbritti, Mirko; Müller, Andreas - 2009

. Positively, we find that inflation and unemployment differentials strongly depend on the underlying labor market structures … prices ; inflation differentials ; optimal monetary policy …

Persistent link: https://www.econbiz.de/10003891881

Spain in the euro : a general equilibrium analysis

Andrés, Javier; Hurtado, Samuel; Ortega, Eva; Thomas, … - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 1/2, pp. 67-95

Bayesian dynamic stochastic general equilibrium (DSGE) models combine microeconomic behavioural foundations with a full-system Bayesian likelihood estimation approach using key macro-economic variables. Because of the usefulness of this class ofmodels for addressing questions regarding the...

Persistent link: https://www.econbiz.de/10009355420