Results 11 to 20 of about 22,782,565 (347)
Model uncertainty and monetary policy [PDF]
SSRN Electronic Journal, 2007 Model uncertainty has the potential to change importantly how monetary policy should be conducted, making it an issue that central banks cannot ignore.
Richard Dennis
core +6 more sources
Taking the Monetary Implications of a Monetary Model Seriously [PDF]
Economics Bulletin, 2007 It has become common practice in applied monetary economics to posit an interest rate rule as a component of the economic environment. Since the general equilibrium setting imposes a money demand relationship, the interest rate rule implies that the ...
Kevin Salyer, Kristin Van Gaasbeck
core +1 more source
Contagion Equilibria in a Monetary Model
Econometrica, 2014 The model of Lagos and Wright [9] alters the meeting friction of the typical search model of money to obtain degeneracy in equilibrium holdings and enhance analytical tractability. It introduces a round of Walrasian ‘centralized’ trading after each round of bilateral random ‘decentralized’ trading.
C. Aliprantis +2 more
semanticscholar +5 more sources
A Tractable Monetary Model Under General Preferences [PDF]
The Review of Economic Studies, 2016 En se fondant sur le modèle monétaire de Lagos et Wright (JPE, 2005), mais en introduisant des préférences générales et une production générale, l’auteur montre que les préférences qui satisfont l’équation différentielle partielle et non linéaire du second ordre UXXUHH – (UXH)2 = 0 forment une condition suffisante de l’existence et de l’unicité d’un ...
Tsz-Nga Wong
semanticscholar +3 more sources
Modeling Monetary Policy [PDF]
SSRN Electronic Journal, 2009 Models currently used for monetary policy analysis equate the monetary policy interest rate instrument to the consumption Euler rate which is related to expected consumption growth and inflation, i.e. the two variables monetary policy is designed to control.
Samuel Reynard, Andreas Schabert
openaire +3 more sources
Revisiting speculative hyperinflations in monetary models
Review of Economic Dynamics, 2021 This paper revisits the debate on ruling out speculative hyperinflations in monetary models. Although apparently a narrow issue, studying these extreme economies turns out to be quite illuminating in understanding the fundamentals of price level determination.
Maurice Obstfeld, Kenneth Rogoff
openaire +2 more sources
PERILAKU RISIKO DALAM MEKANISME TRANSMISI KEBIJAKAN MONETER DI INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2011 This study explores interconnections between risk behaviour in the financial sector, particularly banking sector, with monetary policy stance. Referring Bernanke and Blinder (1988) modified model for analyzing the bank credit behavior, we develop an ...
Doni Satria, Solikin M. Juhro
doaj +1 more source
, 2015 A New-Keynesian macro-model is estimated accommodating regime-switching behavior in monetary policy and macro-shocks. A key to our estimation strategy is the use of survey-based expectations for inflation and output.
Baele, Lieven +4 more
core +3 more sources
A Positive Theory of Monetary Policy in a Natural Rate Model
Journal of Political Economy, 1981 A discretionary policymaker can create surprise inflation, which may reduce employment and raise government revenue. But when people understand the policymaker's objectives, these surprises cannot occur systematically.
R. Barro, D. B. Gordon
semanticscholar +1 more source
RISK BEHAVIOR IN THE TRANSMISSION MECHANISM OF MONETARY POLICY IN INDONESIA
Buletin Ekonomi Moneter dan Perbankan, 2011 This study explores interconnections between risk behaviour in the financial sector, particularly banking sector, with monetary policy stance. Referring Bernanke and Blinder (1988) modified model for analyzing the bank credit behavior, we develop an ...
Doni Satria, Solikin M. Juhro
doaj +1 more source