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Financial frictions, durable goods and monetary policy
Emenogu, Ugochi T.; Michelis, Leo - 2019
This paper examines the effect of financial frictions on the consumption of durables and non-durables in a two-sector dynamic stochastic general equilibrium (DSGE) model with sticky prices and heterogeneous agents. The financial frictions are a combination of loanto- value (LTV) and...
Persistent link: https://www.econbiz.de/10012058940
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Financial frictions, durable goods and monetary policy
Emenogu, Ugochi T.; Michelis, Leo - 2019
Persistent link: https://www.econbiz.de/10011959202
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Prospects of a Monetary Union in North America : an empirical investigation
Michelis, Leo - In: Exchange rates, economic integration and the …, (pp. 114-135). 2004
Persistent link: https://www.econbiz.de/10003195201
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Orthogonal regression models and the distribution of non-nested tests
Michelis, Leo - In: Journal of quantitative economics : official journal of … 12 (1996) 1, pp. 1-16
Persistent link: https://www.econbiz.de/10001220371
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The distributions of the J and Cox non-nested test in regression models with weakly correlated regressors
Michelis, Leo - In: Journal of econometrics 93 (1999) 2, pp. 369-401
Persistent link: https://www.econbiz.de/10001406666
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Orthogonal regression models and the distribution of non-nested tests
Michelis, Leo - In: Journal of quantitative economics : journal of the … 12 (1996) 1, pp. 1-16
Persistent link: https://www.econbiz.de/10009927258
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EU enlargement and the EMU
Michelis, Leo; Kukuritakēs, Minōas - In: Journal of economic integration 22 (2007) 1, pp. 156-180
Persistent link: https://www.econbiz.de/10003790253
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Bootstrap and pretest J-type non-nested tests for orthogonal regression models : some Monte Carlo evidence
Michelis, Leo; Stengos, Thanasēs; Yang, Ling - In: Journal of quantitative economics : official journal of … 3 (2005) 2, pp. 82-97
Persistent link: https://www.econbiz.de/10003314499
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The transition to a new inflation rate in models with habit formation
Mansoorian, Arman; Michelis, Leo - In: Economics letters 91 (2006) 1, pp. 56-60
Persistent link: https://www.econbiz.de/10003314984
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Linkages in the term structures of the EU accession countries
Kukuritakēs, Minōas; Michelis, Leo - In: Global divergence in trade, money and policy, (pp. 215-234). 2006
Persistent link: https://www.econbiz.de/10003379403