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Information Acquisition by Price-Setters and Monetary Policy
Hahn, Volker - 2007
In this paper we examine a model where firms decide on the intensity of information acquisition about shocks. We … analyze how the monetary policy framework impacts on the aggregate amount of information collected by firms. We show that it … output above its long-run level. Transparency of central banks about economic shocks has ambiguous e ects on welfare. If an …
Persistent link: https://www.econbiz.de/10011753137
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Information acquisition by price-setters and monetary policy
Hahn, Volker - 2007 - This version: September 2007
In this paper we examine a model where firms decide on the intensity of information acquisition about shocks. We … analyze how the monetary policy framework impacts on the aggregate amount of information collected by firms. We show that it … output above its long-run level. Transparency of central banks about economic shocks has ambiguous e ects on welfare. If an …
Persistent link: https://www.econbiz.de/10003761371
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Aspects of Stickiness in Understanding Inflation
Kim, Bryce - 2016
Persistent link: https://www.econbiz.de/10012993291
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Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case
Manuel, Eduardo Gando - 2007
This paper explains and shows us the Phillips Curve for advanced economies on period 1996-2007 for specially for the United States and Euro area case. The informations for 2006 and 2007 was considered being in attention the forecasting of International Monetary Fund (IMF) for these years. We...
Persistent link: https://www.econbiz.de/10014057264
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Phillips Curve for Advanced Economies on Period 1996-2007 - United States and Euro Area Case
Manuel, Eduardo - Volkswirtschaftliche Fakultät, … - 2006
This paper explains and shows us the Phillips Curve for advanced economies on period 1996-2007 for specially for the United States and Euro area case. The informations for 2006 and 2007 was considered being in attention the forecasting of International Monetary Fund (IMF) for these years. We...
Persistent link: https://www.econbiz.de/10005837539
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Structural Macro-Econometric Modelling in a Policy Environment
Fukac, Martin; Pagan, Adrian - National Centre for Econometric Research (NCER) - 2009
The paper looks at the development of macroeconometric models over the past sixty years. In particular those that have been used for analysing policy options. We argue that there have been four generations of these. Each generation has evolved new features that have been partly drawn from the...
Persistent link: https://www.econbiz.de/10008469595
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The macroeconomic pass-through effects of monetary policy through sign restrictions approach: In the case of Albania
Shijaku, Gerti - 2015
This paper examines the transmission mechanism of monetary policy in Albania during 2002 M01 - 2014 M12. The main question addresses the macroeconomic pass-through effects of a monetary policy shock, with regards to a conventional interest rate and possible different balance sheet policy...
Persistent link: https://www.econbiz.de/10011381191
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The EAGLE model for Hungary: A global perspective
Békési, Lászlo; Kaszab, Lóránt; Szentmihályi, Szabolcs - 2017
In this paper we adopt the Hungarian version of the EAGLE (Euro Area GLobal Economy) model. The version of the EAGLE model used in this paper allows for the high import content of export - a typical feature of small open economies such as Hungary. We study the effects of four globally important...
Persistent link: https://www.econbiz.de/10011942848
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Macroprudential policies in the EAGLE FLI model calibrated for Hungary
Fukker, Gábor; Kaszab, Lóránt - 2019
In this paper we develop the Hungarian version of the EAGLE FLI (Euro Area GLobal Economy model with Financial LInkages) model which is the EAGLE model enriched with financial frictions and country-specific banking sector. The EAGLE FLI features the intermediation of loanable funds (ILF) view in...
Persistent link: https://www.econbiz.de/10012271230
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The macroeconomic pass-through effects of monetary policy through sign restrictions approach : in the case of Albania
Shijaku, Gerti - 2015
This paper examines the transmission mechanism of monetary policy in Albania during 2002 M01 - 2014 M12. The main question addresses the macroeconomic pass-through effects of a monetary policy shock, with regards to a conventional interest rate and possible different balance sheet policy...
Persistent link: https://www.econbiz.de/10011285419