Similar Search Results

Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction

van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2004

less strongly to new measurements of the output gap. Prudence attenuates this policy reaction and biases the prediction of … modelling errors, since precaution reduces the power of its instruments by these variances. Also, prudence implies less weight … to new uncertain observations that are less important for welfare and introduces a bias in prediction. Prudent …

Persistent link: https://www.econbiz.de/10005114367

Unions power, collective bargaining and optimal monetary policy

Faia, Ester; Rossi, Lorenza - 2008

We study the design of optimal monetary policy (Ramsey policies) in a model with sticky prices and unionized labour markets. Collective wage bargaining and unions monopoly power tend to dampen wage fluctuations and to amplify employment fluctuations relatively to a DNK model with walrasian...

Persistent link: https://www.econbiz.de/10010263549

Unions Power, Collective Bargaining and Optimal Monetary Policy

Faia, Ester; Rossi, Lorenza - Institut für Weltwirtschaft (IfW) - 2009

Persistent link: https://www.econbiz.de/10005076091

Inflationary Redistribution, Trading Opportunities and Consumption Inequality

Kam, Timothy; Lee, Junsang - 2022

We study competitive search in goods markets in a heterogeneous-agent monetary model. The model accounts for three stylized facts connecting inflation to consumption inequality, to price dispersion, and to the speed of monetary payments. With competitive search, individuals’ endogenous...

Persistent link: https://www.econbiz.de/10013294758

Investment in capital markets

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - 2017

Investment in Capital Markets creates a strategic vision on the financial capital investment in the capital markets with the aim to get an increased return premium in the short and long time periods. The book is written with a main goal to explain the pros and cons of the financial capital...

Persistent link: https://www.econbiz.de/10015255145

A Nudged Solution to Securities Fraud

Eckhart, Sonny - 2012

History has shown that crisis often serves as a condition precedent to social and regulatory reform. Since the 1990s, the public interest has also taken an advanced role in these reforms. As we have grown in scientific, technological, and economic sophistication, the public has increasingly...

Persistent link: https://www.econbiz.de/10013104918

Safety Traps, Liquidity and Information-Sensitive Assets

Loberto, Michele - 2019

We investigate the implications of a scarcity of safe assets in a framework in which the safety of an asset is an equilibrium outcome. The intrinsic characteristics and supply of the assets determine their liquidity properties and degree of safeness. The equilibrium can be inefficient even if...

Persistent link: https://www.econbiz.de/10012865225

Price subsidies and the conduct of monetary policy

Aïssa, Ben; Safouane, Mohamed; Rebei, Nooman - In: Journal of Macroeconomics 34 (2012) 3, pp. 769-787

This paper investigates optimized monetary policy rules in the presence of government intervention to stabilize prices of certain categories of goods and services. The paper estimates a small-scale, structural equilibrium model with a sticky-price sector and a subsidized-price sector for a large...

Persistent link: https://www.econbiz.de/10011065351

Does the ECB respond to the stock market?

Wouter Botzen, W.J.; Marey, Philip S. - Faculteit der Economische Wetenschappen en … - 2006

The role of asset prices in monetary policy has been widely debated. This paper examines the role that stock prices play in the monetary policy of the ECB. For this purpose, standard and augmented forward-looking Taylor rules are estimated for the ECB using monthly data between 1999 and 2005. Of...

Persistent link: https://www.econbiz.de/10010782656

Does the ECB respond to the stock market?

Wouter Botzen, W.J.; Marey, Philip S. - VU University Amsterdam, Faculty of Economics, Business … - 2006

Persistent link: https://www.econbiz.de/10005795736