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Adjustment costs and nominal rigidities in a small open economy

Maußner, Alfred - In: Jahrbücher für Nationalökonomie und Statistik 222 (2002) 4, pp. 463-489

Persistent link: https://www.econbiz.de/10001680857

Optimal monetary and fiscal policies under wage and price rigidities

Bénassy, Jean-Pascal - In: Macroeconomic dynamics 6 (2002) 3, pp. 429-441

Persistent link: https://www.econbiz.de/10001683615

Trend growth and the dynamic effects of government spending

Tesfaselassie, Mewael F. - 2011

The paper studies the macroeconomic effects of government spending shocks in an economy characterized by positive trend growth. It shows that the lower is the trend growth rate the less inflationary are government spending shocks and vice versa. Moreover, on impact output is higher but exhibits...

Persistent link: https://www.econbiz.de/10008821669

The hiring frictions and price frictions nexus in business cycle models

Faccini, Renato; Yashiv, Eran - 2016

Persistent link: https://www.econbiz.de/10011587108

The Shimer puzzle(s) in a New Keynesian framework

Pizzo, Alessandra - 2014

Persistent link: https://www.econbiz.de/10010439816

Persistency in Sticky Price Models

Andersen, Torben M. - 2000

Nominal rigidities imply that monetary neutrality is broken, but can they also account for persistent effects of nominal shocks? One possible propagation mechanism may arise from the fact that nominal price and wage decisions are not coordinated in a decentralized economy, but made by numerous...

Persistent link: https://www.econbiz.de/10014076245

Can Nominal Wage and Price Rigidities Be Equivalent Propagation Mechanisms? The Case of Open Economies

Hansen, Bo William; Nielsen, Lars Mayland - 2003

Does it matter for the propagation mechanism following nominal shocks whether nominal rigidities are specified as sticky wages instead of sticky prices? We analyze the question in a standard dynamic general equilibrium "new open macro-economy" model, which is solved analytically. By comparing...

Persistent link: https://www.econbiz.de/10014119034

Household income risk, nominal frictions, and incomplete markets : conference paper

Bayer, Christian; Luetticke, Ralph; Lien Pham; Tjaden, … - 2013

This paper examines the effects of changes in uncertainty of household income on the macroeconomy. Households face substantial idiosyncratic income risk that is up to two orders of magnitude larger than total factor productivity uncertainty, very persistent and varies substantially over the...

Persistent link: https://www.econbiz.de/10010340551

Equilibrium unemployment, job flows and inflation dynamics

Trigari, Antonella - 2004

helps to explain the sluggishness of inflation and the persistence of output after a monetary policy shock. The ability of …In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a … general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price …

Persistent link: https://www.econbiz.de/10009636527

Staggered price setting and real rigidities

Kiley, Michael T. - 1997

Persistent link: https://www.econbiz.de/10000645163