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Inflation in the great recession and new keynesian models
Del Negro, Marco; Giannoni, Marc Paolo; Schorfheide, Frank - 2013
during and following the recent Great Recession, and that models in which inflation depends on economic slack cannot explain … the recent muted behavior of inflation, given the sharp drop in output that occurred in 2008-09. In this paper, we use a … protracted decline in inflation. The model does so even though inflation remains very dependent on the evolution of both economic …
Persistent link: https://www.econbiz.de/10009744674
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Inflation in the Great Recession and New Keynesian models
Del Negro, Marco; Giannoni, Marc Paolo; Schorfheide, Frank - In: American economic journal : a journal of the American … 7 (2015) 1, pp. 168-196
Persistent link: https://www.econbiz.de/10010517076
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Understanding the Great Recession
Christiano, Lawrence J.; Eichenbaum, Martin S.; … - In: American economic journal : a journal of the American … 7 (2015) 1, pp. 110-167
Persistent link: https://www.econbiz.de/10010517106
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Understanding the Great Recession
Christiano, Lawrence J.; Eichenbaum, Martin S.; … - 2014
Persistent link: https://www.econbiz.de/10010356922
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Understanding the great recession
Christiano, Lawrence J.; Eichenbaum, Martin S.; … - 2014
Persistent link: https://www.econbiz.de/10010380674
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Inflation in the Great Recession and New Keynesian Models
Del Negro, Marco - 2013
during and following the recent Great Recession, and that models in which inflation depends on economic slack cannot explain … the recent muted behavior of inflation, given the sharp drop in output that occurred in 2008-09. In this paper, we use a … protracted decline in inflation. The model does so even though inflation remains very dependent on the evolution of both economic …
Persistent link: https://www.econbiz.de/10013081875
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Inflation in the Great Recession and New Keynesian Models : Comment
Fair, Ray C. - 2019
This comment points out mismeasurement of three of the variables in the DSGE model in Del Negro, Giannoni, and Schorfheide (2015). These errors began with the model in Smets and Wouters (2007), and they also exist in other models that use the Smets-Wouters model as a benchmark. The...
Persistent link: https://www.econbiz.de/10012892724
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Inflation in the Great Recession and New Keynesian Models
Del Negro, Marco - 2014
with a modest and protracted decline in inflation, following the rise in financial stress in 2008Q4. The model does so even … though inflation remains very dependent on the evolution of economic activity and of monetary policy …
Persistent link: https://www.econbiz.de/10013055194
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Inflation in the Great Recession and new Keynesian models : comment
Fair, Ray C. - 2019
This comment points out mismeasurement of three of the variables in the DSGE model in Del Negro, Giannoni, and Schorfheide (2015). These errors began with the model in Smets and Wouters (2007), and they also exist in other models that use the Smets-Wouters model as a benchmark. The...
Persistent link: https://www.econbiz.de/10011977341
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Inflation in the Great Recession and New Keynesian Models
Del Negro, Marco - 2014
with a modest and protracted decline in inflation, following the rise in financial stress in 2008Q4. The model does so even … though inflation remains very dependent on the evolution of economic activity and of monetary policy …
Persistent link: https://www.econbiz.de/10012458609