Essays about: "New-Keynesian Economics"

Showing result 1 - 5 of 8 essays containing the words New-Keynesian Economics.

1. 1. Determinants of Inflation - Evidence from Sweden

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Gustav Sundén; Emanuel Skeppås; [2022]
   Keywords : Bayesian Vector Autoregression; Structural Vector Autoregression; New Keynesian Phillips Curve; Inflation; Sign and Zero Restrictions; Business and Economics;

   Abstract : This thesis examines what have been the main drivers of inflation in Sweden in recent years. This is done through the New Keynesian Phillips Curve with marginal cost which serves as the theoretical background to explain inflationary behavior. READ MORE

3. 2. Nominal GDP Targeting in Sweden - A New Keynesian DSGE Model Approach

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Henric Nicklasson; [2021]
   Keywords : NGDP; NGDP Targeting; DSGE; Monetary Policy; Sweden; Business and Economics;

   Abstract : Since the end of the Great Moderation, there has been a great surge in studies proposing alternatives to the current dominant monetary policy regime of inflation targeting. One popular such alternative has become NGDP targeting. READ MORE

4. 3. A Financial Market Segmented New-Keynesian Macro Model

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Erik Hjort; [2020]
   Keywords : Monetary Policy; Financial Market Segmentation; Credit Conditions; QE; IS Curve; Business and Economics;

   Abstract : This essay complements the monetary literature by estimation and simulation of a New-Keynesian macro model featuring financial market frictions and long bond portfolio policy. The model is an extended version of the canonical three-equation New-Keynesian model with segmented financial markets distinguishing the short-term money market from the long-term bond market. READ MORE

5. 4. A Study of a New-Keynesian DSGE Macro Model: Estimates, Shocks, and Optimal Monetary Policy

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Erik Hjort; [2019]
   Keywords : New-Keynesian Economics; Rational Expectations; Monetary Policy; Aggregate Shocks; Small-scale DSGE Model; Business and Economics;

   Abstract : This paper estimates and simulates a New-Keynesian small-scale DSGE macro model. The model consists of the hybrid forms of the Phillips curve and the IS curve, and is closed with a Taylor-type feedback rule allowing partial adjustment of the monetary policy instrument. READ MORE

6. 5. The New Keynesian Phillips Curve in a Swedish context

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Alexandra Rojas Mullor; [2018]
   Keywords : New Keynesian Phillips Curve; inflation; marginal cost; output gap; Business and Economics;

   Abstract : This paper investigates if inflation dynamics in Sweden can be properly modelled by the New Keynesian Phillips Curve (NKPC). Four versions of the NKPC are tested on quarterly data between 1995 and 2016 using Generalized Method of Moments (GMM) as the estimation method. READ MORE