Narrow search
Showing 1 - 10 of 972,983
Cover Image
Policy risk and the business cycle
Born, Benjamin; Pfeifer, Johannes - 2013 - This version: July 11, 2013, First Version: December 2010
The argument that policy risk, i.e., uncertainty about monetary and fiscal policy, has been holding back the economic … recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about …
Persistent link: https://www.econbiz.de/10009772961
Cover Image
Policy risk and the business cycle
Born, Benjamin; Peifer, Johannes - 2011 - This version: June 1, 2011
The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic … recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about …
Persistent link: https://www.econbiz.de/10009126071
Cover Image
Shocks, frictions, and inequality in US business cycles
Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2020
income risk and taxes. We find that adding data on inequality does not materially change the estimated shocks and frictions …
Persistent link: https://www.econbiz.de/10012162730
Cover Image
Policy Risk and the Business Cycle
Born, Benjamin; Peifer, Johannes - 2011
The argument that policy risk, i.e. uncertainty about monetary and fiscal policy, has been holding back the economic … recovery in the U.S. during the Great Recession has a large popular appeal. We analyze the role of policy risk in explaining … business cycle fluctuations by using an estimated New Keynesian model featuring policy risk as well as uncertainty about …
Persistent link: https://www.econbiz.de/10010293363
Cover Image
Four essays in econometrics and macroeconomics
Born, Benjamin - 2011
Persistent link: https://www.econbiz.de/10009422848
Cover Image
Policy risk and the business cycle
Born, Benjamin; Pfeifer, Johannes - In: Journal of monetary economics 68 (2014), pp. 68-85
Persistent link: https://www.econbiz.de/10011290220
Cover Image
Chapter 22. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation
Schmidt, Sebastian; Wieland, Volker - In: Handbook of computable general equilibrium modeling : …, (pp. 1439-1512). 2013
This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
Persistent link: https://www.econbiz.de/10014025269
Cover Image
Financial stability, wealth effects and optimal macroeconomic policy combination in the United Kingdom : a new-Keynesian dynamic stochastic general equilibrium framework
Nasir, Muhammad Ali; Yago, Milton; Soliman, Alaa M.; … - In: Cogent economics & finance 4 (2016) 1, pp. 1-25
This study derives an optimal macroeconomic policy combination for financial sector stability in the United Kingdom by employing a New Keynesian Dynamic Stochastic General Equilibrium (NK-DSGE) framework. The empirical results obtained show that disciplined fiscal and accommodative monetary...
Persistent link: https://www.econbiz.de/10011450563
Cover Image
Great recession, slow recovery and muted fiscal policies in the US
Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...
Persistent link: https://www.econbiz.de/10011434680
Cover Image
Escaping the Great Recession
Bianchi, Francesco; Melosi, Leonardo - 2014 - This draft: January 2014
While high uncertainty is an inherent implication of the economy entering the zero lower bound, deflation is not, because agents are likely to be uncertain about the way policymakers will deal with the large stock of debt arising from a severe recession. We draw this conclusion based on a...
Persistent link: https://www.econbiz.de/10010439777