Essays about: "new keynesian models"
Found 5 essays containing the words new keynesian models.
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1. Wage Rigidities, Monetary Policy and Inequality: Insights from a three-agent New Keynesian model
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : 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
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2. The Effects of a Nominal Renminbi Appreciation: A Heterogeneous Agent Approach
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : 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
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3. The New Keynesian Phillips Curve in a Swedish context
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : 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
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4. Should Debt and Housing Market Dynamics Affect Monetary Policy? Lessons from Sweden 1992-2015
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : 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
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5. Monetary Policy in Closed and Open Economies
University essay from Nationalekonomiska institutionenAbstract : 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