Essays about: "new keynesian models"

Found 5 essays containing the words new keynesian models.

  1. 1. Wage Rigidities, Monetary Policy and Inequality: Insights from a three-agent New Keynesian model

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Tamar Den Besten; [2022]
    Keywords : monetary policy; new keynesian models; household heterogeneity; inequality; nominal wage rigidities;

    Abstract : In this thesis, I use a three-agent New Keynesian (THRANK) dynamic stochastic general equilibrium model, which features poor-, wealthy- and non-hand-to-mouth (HtM) households. I augment the model by introducing nominal wage rigidities to account for empirical evidence regarding wages and profits. READ MORE

  3. 2. The Effects of a Nominal Renminbi Appreciation: A Heterogeneous Agent Approach

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Nicolas Powell; [2020]
    Keywords : heterogeneity; inequality; currency; savings; trade;

    Abstract : Recent decades have seen the development of significant asymmetries in the global balance of payments, which many critics argue have incited crises and contributed to growing financial instability. Often cited as a contributing factor to these asymmetries has been the artificial suppression of the value of Chinese currency, especially in the first decade of the 21st century. READ MORE

  4. 3. 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

  5. 4. Should Debt and Housing Market Dynamics Affect Monetary Policy? Lessons from Sweden 1992-2015

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Danial Ali Akbari; [2016]
    Keywords : Monetary Policy; Private Indebtedness; Housing Prices; Flexible Inflation Targeting; Sweden.; Business and Economics;

    Abstract : In this study, it will be investigated whether housing market dynamics and private indebtedness should be included in the Swedish Riksbank's formulation of monetary policy according to its mission of flexible inflation targeting. A basic model of the supply and demand sides will be chosen. READ MORE

  6. 5. Monetary Policy in Closed and Open Economies

    University essay from Nationalekonomiska institutionen

    Author : Glenn Mickelsson; [2009]
    Keywords : monetary policy; new keynesian; dsge; open economy; closed economy;

    Abstract : Two DSGE models are calibrated and simulated to investigate how the role of monetarypolicy differs between a closed and an open economy. The central bank conducts monetary policy according to a Taylor (1993) rule, reacting to inflation- and output deviations. READ MORE