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Real and nominal effects of monetary shocks under time-varying disagreement
Esady, Vania - 2019
This paper investigates the heterogeneity of monetary policy transmission under time-varying disagreement regimes using a threshold VAR. Empirically, I establish that during times of high disagreement, prices respond more sluggishly in response to monetary shocks. These stickier prices cause a...
Persistent link: https://www.econbiz.de/10012124866
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Learning with unobserved regimes
Cone, Thomas E. - In: Journal of macroeconomics 73 (2022), pp. 1-19
Persistent link: https://www.econbiz.de/10013443877
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What matters in households' inflation expectations?
Andrade, Philippe; Gautier, Erwan; Mengus, Eric - 2021
We provide survey evidence on how households’ inflation expectations matter for their spending highlighting a … implies that managing aggregate demand through households’ inflation expectations is limited and can run out of ammunition. …
Persistent link: https://www.econbiz.de/10012499658
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Learning in macroeconomic models
Milani, Fabio - 2006
Persistent link: https://www.econbiz.de/10003908173
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A theory of the intergenerational dynamics of inflation beliefs and monetary institutions
Farvaque, Étienne; Mihailov, Alexander - 2014
Persistent link: https://www.econbiz.de/10010346676
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Discussion of Preston, "Learning about monetary policy rules when long-horizon expectations matter"
Honkapohja, Seppo - 2003
Persistent link: https://www.econbiz.de/10001810841
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Discussion of Preston, 'Learning About Monetary Policy Rules When Long-Horizon Expectations Matter'
Honkapohja, Seppo - 2015
first issue is determinacy of equilibria. Indeterminacy (multiplicity of stationary rational expectations equilibria) is a … when the expectations of the agents get out of equilibrium, e.g. as a result of structural shifts …
Persistent link: https://www.econbiz.de/10013032847
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Irrational Expectations and Econometric Practice Discussion of Orphanides and Williams, 'Inflation Scares and Forecast-Based Monetary Policy'
Ireland, Peter N. - 2015
optimal monetary policy rules. This note suggests that some additional empirical work — some “irrational expectations …
Persistent link: https://www.econbiz.de/10013032853
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Learning, expectations and monetary policy
García, Pablo - 2021
Persistent link: https://www.econbiz.de/10012483716