Results 41 to 46 of about 72,703 (46)

Assessing the Stabilizing Effects of Unemployment Benefit Extensions

American Economic Journal: Macroeconomics
We study the stabilizing role of benefit extensions. We develop a tractable quantitative model with heterogeneous agents, search frictions, and nominal rigidities.
Alexey Gorn, Antonella Trigari
semanticscholar   +1 more source

Delayed Overshooting: The Case for Information Rigidities

American Economic Journal: Macroeconomics
We provide evidence that the delayed overshooting puzzle reflects a slow adjustment of exchange rate expectations to monetary policy shocks rather than a failure of uncovered interest parity.
Gernot J. Müller, Martin Wolf, Thomas Hettig   +2 more
semanticscholar   +1 more source

Trend Inflation, Indexation, and Inflation Persistence in the New Keynesian Phillips Curve

, 2008
Purely forward-looking versions of the New Keynesian Phillips curve (NKPC) generate too little inflation persistence. Some authors add ad hoc backwardlooking terms to address this shortcoming. We hypothesize that inflation persistence results mainly from
Timothy Cogley, Argia M. Sbordone
semanticscholar   +1 more source

Ambiguity Aversion and Heterogeneity in Households’ Beliefs

American Economic Journal: Macroeconomics
UK households that wish for lower inflation and lower nominal interest rates have higher expected inflation. We interpret the evidence through the lens of a New Keynesian model where ambiguity-averse households differ in wealth, skill, labor market ...
Claudio Michelacci, Luigi Paciello
semanticscholar   +1 more source

Efficacy of Monetary Policy Transmission During the Flexible Inflation Targeting Regime in India

South Asian Journal of Macroeconomics and Public Finance
This article builds a Structural Vector Autoregressive model and employs non-recursive identification restrictions to examine the effectiveness of the Monetary policy transmission mechanism in India during the Flexible Inflation Targeting regime (2016 ...
Samahita Phul
semanticscholar   +1 more source

Term Premia and Inflation Uncertainty: Empirical Evidence from an International Panel Dataset

, 2011
This paper provides cross-country empirical evidence on term premia. I construct a panel of zero-coupon nominal government bond yields spanning ten industrialized countries and nearly two decades.
Jonathan H. Wright
semanticscholar   +1 more source