Showing 11 - 20 of 100,610
Persistent link: https://www.econbiz.de/10014473324
Persistent link: https://www.econbiz.de/10014533433
Epstein-Zin preferences to study the volatility implications of a monetary policy shock. An unexpected increases in the policy … volatility effects of the shock are driven by agents' concern about the (in)ability of the monetary authority to reverse …
Persistent link: https://www.econbiz.de/10011389786
In this paper, we derive a small textbook New Keynesian DSGE model to evaluate Polish and Romanian business cycles … observed variables. Shock decompositions of the output and the inflation rate revealed the driving forces of the business …
Persistent link: https://www.econbiz.de/10011392289
In a VAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio between new house and nondurables prices. These findings survive three identification strategies and...
Persistent link: https://www.econbiz.de/10010515460
Persistent link: https://www.econbiz.de/10010519123
Persistent link: https://www.econbiz.de/10010401217
This article shows that the "risk premium" shock in Smets and Wouters (2007) can be interpreted as a structural shock …
Persistent link: https://www.econbiz.de/10010418208
Persistent link: https://www.econbiz.de/10012799930
Persistent link: https://www.econbiz.de/10013199081