Results 31 to 40 of about 196,831 (306)
Changing Macroeconomic Dynamics at the Zero Lower Bound [PDF]
Journal of Business & Economic Statistics, 2018 This article develops a change-point VAR model that isolates four major macroeconomic regimes in the US since the 1960s. The model identifies shocks to demand, supply, monetary policy, and spread yield using restrictions from a general equilibrium model.
Liu, P +3 more
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Gains from Wage Flexibility and the Zero Lower Bound* [PDF]
Oxford Bulletin of Economics and Statistics, 2020 AbstractWe analyse the welfare impact of greater wage flexibility in the presence of an occasionally binding zero lower bound (ZLB) constraint on the nominal interest rate. We show that the ZLB constraint generally amplifies the adverse effects of greater wage flexibility on welfare when the central bank follows a conventional Taylor rule.
Billi, Roberto M., Galí, Jordi, 1961-
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Some notes on problematic issues in DSGE models [PDF]
Ekonomski Anali, 2016 We review some of the problematic issues in DSGE models, which are currently much discussed in the economics profession. All of these issues are concerned with the DSGE models’ (in)ability to match aspects of macroeconomic variables’ observed ...
Slanicay Martin +2 more
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International Policy Spillovers at the Zero Lower Bound [PDF]
SSRN Electronic Journal, 2012 In this paper, we consider how monetary policy in a large, foreign economy affects optimal monetary policy in a small open economy (`home') in response to a large global demand shock that pushes both economies to the zero lower bound (ZLB) on nominal interest rates. We show that the inability of foreign monetary policy to stabilise the
Alex Haberis, Anna Lipinska
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Is Government Spending at the Zero Lower Bound Desirable? [PDF]
American Economic Journal: Macroeconomics, 2019 We build a medium-scale DSGE model and calibrate it to fit the main macroeconomic variables during the US Great Recession. Using it to evaluate the welfare effects of increasing government consumption at the zero lower bound beyond what was actually observed in the data, we reach three main results.
Bilbiie, Florin O. +2 more
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Cogent Engineering, 2017 This work addresses the minimization of the makespan criterion for the permutation flow shop problem with blocking, sequence and machine dependent setup times, which is a problem that has not been studied in previous works.
Mauricio Iwama Takano +1 more
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Maximum nullity and zero forcing of circulant graphs
Special Matrices, 2020 The zero forcing number of a graph has been applied to communication complexity, electrical power grid monitoring, and some inverse eigenvalue problems.
Duong Linh +4 more
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Ten Years Later: Lessons for DSGE Builders and Czech Policy Makers
Review of Economic Perspectives, 2019 We show an example of a small open economy – the Czech Republic – where the fiscal restriction was put in place between 2010 and 2013 in a negative output gap and zero lower bound on nominal interest rates.
Michl Aleš
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Does the Shannon bound really apply to all data structures?; pp. 47–58 [PDF]
Proceedings of the Estonian Academy of Sciences, 2013 Shannonâs information-theoretic lower bound has been developed for uniquely decodable systems of bit strings, while ordinary data structures often consist of many separate blocks of memory. One might expect that adapting the bound to data structures is
Antti Valmari
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Supply-Side Policies and the Zero Lower Bound [PDF]
IMF Economic Review, 2011 Supply-side policies can play a role in fighting a low aggregate demand that traps an economy at the zero lower bound (ZLB) of nominal interest rates. Reductions in mark-ups or future increases in productivity triggered by supply-side policies generate a wealth effect that pulls current consumption and output up.
Jesús Fernández-Villaverde +2 more
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