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Monetary policy and hysteresis in potential output
Kienzler, Daniel; Schmid, Kai D. - 2013
potential output is subject to hysteresis. We augment a basic NewKeynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10009772964
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Monetary Policy and Hysteresis in Potential Output
Kienzler, Daniel; Schmid, Kai Daniel - 2013
potential output is subject to hysteresis. We augment a basic NewKeynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10010460545
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Monetary policy and hysteresis in potential output
Kienzler, Daniel; Schmid, Kai Daniel - 2013
potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10010312035
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Monetary Policy and Hysteresis in Potential Output
Kienzler, Daniel; Schmid, Kai Daniel - Institut für Makroökonomie und Konjunkturforschung … - 2013
potential output is subject to hysteresis. We augment a basic NewKeynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10010858921
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Hysteresis in Potential Output and Monetary Policy
Kienzler, Daniel; Schmid, Kai D. - School of Finance, Universität St. Gallen - 2013
potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10011154590
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Monetary Policy and Hysteresis in Potential Output
Kienzler, Daniel - 2014
potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic …
Persistent link: https://www.econbiz.de/10013057385
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Monetary policy and hysteresis in potential output
Kienzler, Daniel; Schmid, Kai D. - 2013
potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic … active output gap stabilization arises from stability analyses and welfare considerations. -- Monetary Policy ; Hysteresis …
Persistent link: https://www.econbiz.de/10009736122
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Interest rate policy and supply-side adjustment dynamics
Kienzler, Daniel; Schmid, Kai - 2010
In contrast to the present consensus view of stabilization policy, theoretical and empirical research strongly support the consideration of supply-side adjustment to pronounced variations of factor-utilization in order to trace a more realistic pattern of macroeconomic adjustment dynamics within...
Persistent link: https://www.econbiz.de/10010281608
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Interest Rate Policy and Supply-side Adjustment Dynamics
Kienzler, Daniel; Schmid, Kai - Institut für Angewandte Wirtschaftsforschung (IAW) - 2010
In contrast to the present consensus view of stabilization policy, theoretical and empirical research strongly support the consideration of supply-side adjustment to pronounced variations of factor-utilization in order to trace a more realistic pattern of macroeconomic adjustment dynamics within...
Persistent link: https://www.econbiz.de/10010778600
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Interest Rate Policy and Supply-side Adjustment Dynamics
Kienzler, Daniel; Schmid, Kai Daniel - Institut für Volkswirtschaftslehre, Fakultät … - 2010
In contrast to the present consensus view of stabilization policy, theoretical and empirical research strongly support the consideration of supply-side adjustment to pronounced variations of factor-utilization in order to trace a more realistic pattern of macroeconomic adjustment dynamics within...
Persistent link: https://www.econbiz.de/10008787364