Results 41 to 47 of about 73,899 (47)

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

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

MPC Heterogeneity and the Dynamic Response of Consumption to Monetary Policy

American Economic Journal: Macroeconomics
This paper studies how household financial choices affect the impact of monetary policy on consumption. Based on micro data from four major euro area countries, we estimate key structural parameters using a simulated method of moments approach to match ...
Miguel Ampudia, Russell Cooper, Julia Le Blanc, Guozhong Zhu   +3 more
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

Beyond the Natural Rate: Stephen Marglin on the Instability of Market Economies

Journal of Economic Literature
In Raising Keynes: A Twenty-First Century General Theory, Stephen A. Marglin offers a provocative reformulation of Keynes’ theoretical framework, stressing the importance of modeling the dynamics of wage and price adjustment.
Michael Woodford
semanticscholar   +1 more source

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

, 2008
Timothy Cogley, Argia M. Sbordone
semanticscholar   +1 more source

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

, 2011
Jonathan H. Wright
semanticscholar   +1 more source