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Makroökonomie: Blind Spot Gender. Erweiterung makroökonomischer Indikatoren durch eine Gender-Komponente am Beispiel der empirischen Phillips-Kurve

Holst, Elke; Barth, Denise - 2019

Dieser Beitrag möchte einen Impuls zur stärkeren Berücksichtigung von Genderaspekten in makroökonomischen Modellen geben. Am Beispiel der Philipps-Kurve geht es um die Frage, ob sich das Erwerbsverhalten von Frauen und Männern so stark voneinander unterscheidet, dass sich dies im Verlauf...

Persistent link: https://www.econbiz.de/10012015071

Forecasting with a forward-looking DGE model: combining long-run views of financial markes with macro forecasting

Männistö, Hanna-Leena - 2005

To develop forecasting procedures with a forward-looking dynamic general equilibrium model, we built a small New-Keynesian model and calibrated it to euro area data.It was essential in this context that we allowed for long-run growth in GDP.We brought additional asset price equations based on...

Persistent link: https://www.econbiz.de/10012147950

Sectoral shocks and monetary policy in the United Kingdom

Dixon, Huw; Franklin, Jeremy; Millard, Stephen Patrick - 2021

In this paper, we examine the extent to which monetary policy should respond to movements in sectoral inflation rates. To do this we construct a Generalised Taylor model that takes specific account of the sectoral make-up of the consumer price index (CPI). We calibrate the model for each sector...

Persistent link: https://www.econbiz.de/10012876019

The laws of motion of the broker call rate in the United States

Garivaltis, Alex - In: International Journal of Financial Studies 7 (2019) 4, pp. 1-23

In this paper, which is the third installment of the author's trilogy on margin loan pricing, we analyze 1367 monthly observations of the U.S. broker call money rate, e.g., the interest rate at which stockbrokers can borrow to fund their margin loans to retail clients. We describe the basic...

Persistent link: https://www.econbiz.de/10013200234

Short-term inflation forecasting models for Nigeria

Doguwa, Sani I.; Alade, Sarah O. - In: CBN Journal of Applied Statistics 04 (2013) 3, pp. 1-29

Nigeria. This paper proposes four short-term headline inflation forecasting models using the SARIMA and SARIMAX processes and … relatively bad. For forecast of food inflation up to ten months ahead SARIMA is recommended, but for eleven to twelve months … ahead the SARIMAX model performs better. However, the SARIMA model for core inflation consistently outperforms the SARIMAX …

Persistent link: https://www.econbiz.de/10011518779

Uncertain potential output: implications for monetary policy

Ehrmann, Michael; Smets, Frank - 2001

This paper uses a small, calibrated forward-looking model of the euro-area economy to investigate the implications of incomplete information about potential output for the conduct and the design of monetary policy. Three sets of issues are examined. First, the certainty-equivalent optimal policy...

Persistent link: https://www.econbiz.de/10011604105

The short-term impact of government budgets on prices: evidence from macroeconomic models

Henry, Jérôme; Hernández de Cos, Pablo; Momigliano, … - 2004

This paper reviews the existing empirical evidence on the short-term impact on prices of fiscal variables and assesses it against new results from harmonised simulations, conducted with six well-established econometric models used by the ECB and five national central banks (NCBs) of the...

Persistent link: https://www.econbiz.de/10011604442

Money and prices in models of bounded rationality in high inflation economies

Marcet, Albert; Nicolini, Juan Pablo - 2005

This paper studies the short run correlation of inflation and money growth. We study whether a model of learning does better or worse than a model of rational expectations, and we focus our study on countries of high inflation. We take the money process as an exogenous variable, estimated from...

Persistent link: https://www.econbiz.de/10011604515

Inflation targeting and price-level-path targeting in the GEM: Some open economy considerations

Coletti, Donald; Lalonde, René; Muir, Dirk - 2008

This paper compares the performance of simple inflation targeting (IT) and price-level path targeting (PLPT) rules to stabilize the macroeconomy, in response to a series of shocks, similar to those seen in Canada and the United States over the 1983 to 2004 period. The analysis is conducted in a...

Persistent link: https://www.econbiz.de/10010279982

The short-term impact of government budgets on prices

Henry, Jérôme; Hernández de Cos, Pablo; Momigliano, … - 2004

Persistent link: https://www.econbiz.de/10009639456