Housing Crisis or Immiseration? Revisiting the Housing Question under Urban Capitalism
Abstract The phrase “housing crisis” proliferates in media, politics, and scholarship, and has become the go‐to compound noun for depicting the urgency of the manifold social ills associated with widespread, deteriorating housing affordability. Instead of referring to a temporally and spatially bound event, however, the phrase now has become a ...
Ståle Holgersen, Timothy Blackwell
wiley +1 more source
Pandemic Preference Shocks and Inflation in a New Keynesian Model. [PDF]
Craighead WD.
europepmc +1 more source
Asymmetric markup responses to monetary shocks over the business cycle
Abstract A rich literature has long studied the asymmetric effects of monetary policy over the business cycle, generally presenting mixed results. Most of the empirical work, however, focuses on the responses of output and prices. Our analysis centres on the dynamics of the markup, given the key role that it plays in the transmission of monetary policy,
Nicolás Blampied+1 more
wiley +1 more source
Rethinking the implications of monetary policy: How a transactions role for money transforms the predictions of our leading models [PDF]
Over the past several decades, economists have devoted ever-growing effort to developing economic models to help us understand how changes in interest rates brought about by monetary policy actions affect the production and provision of goods and ...
Julia Thomas
core
Modelos novo-keynesianos de rigidez de preços e de inflação: evidência empírica para o Brasil
This paper tests the empirical validity of New Keynesian staggered prices models for Brazil, in the nineties.The key concern is to explain inflation and prices stickiness and output dynamics assuming that the inflation rate is rigid, which makes it ...
Charles Lima de Almeida+2 more
doaj
This study examines the effects of adjustment costs on investment and the under-utilization of maximum installed capacity within the South Korea using a New Keynesian business cycle with Bayesian approach.
Al Mamun Tuhin G M, Ehsanullah
doaj +1 more source
Housing market connectedness and transmission of monetary policy
Abstract This paper investigates whether interconnectivity among local housing markets influences the effectiveness of the (United States) U.S. monetary transmission mechanism. We construct measures of housing market connectedness and employ a state‐dependent local projection method to estimate nonlinear impulse responses of macroeconomic variables to ...
Woo Suk Lee, Eunseong Ma
wiley +1 more source
New Keynesian models: not yet useful for policy analysis [PDF]
Macroeconomists have largely converged on method, model design, reduced-form shocks, and principles of policy advice. Our main disagreements today are about implementing the methodology. Some think New Keynesian models are ready to be used for quarter-to-
Ellen R. McGrattan+2 more
core
A Keynesian perspective on the health economics of kidney transplantation would strengthen the value of the whole organ donation and transplantation service. [PDF]
Leonardis F+10 more
europepmc +1 more source