Essays about: "new keynesian"
Showing result 11 - 15 of 24 essays containing the words new keynesian.
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11. Optimal Monetary Policy, Macroprudential Instruments, and the Credit Cycle
University essay from Uppsala universitet/Nationalekonomiska institutionenAbstract : I study optimal monetary and macroprudential policies in a New Keynesian DSGE framework with leverageconstrainedbanks. In particular, I assess the desirability of alternative operational policy rules when theeconomy is hit by mortgage default shocks and show that their implications for inflation dynamics and policytrade-offs depend on whether the shocks originate in the household sector or in the entrepreneurial sector ofthe economy. READ MORE
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12. New-Fisherian Transmission of a Monetary Policy Shock: a Swedish analysis
University essay from Göteborgs universitet/Graduate SchoolAbstract : In the aftermath of the Great Recession, central banks had to deal with stubborn low inflation. Therefore, as suggested by the mainstream literature, represented by the Taylor rule, they have reduced nominal interest rate until the Zero Lower Bound (ZLB). However, inflation remained low and stable. READ MORE
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13. Internal and External Habits Formation: Policy Analysis Implications and Bayesian Estimation
University essay from Göteborgs universitet/Graduate SchoolAbstract : The Euler equation relies on strictly and rigid assumptions and it has been proved that consumers do not follow this equation in real data. One way to improve this consumption expression is introducing the hypothesis of Habit formations, which re- ect the idea of non-time separable preferences. READ MORE
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14. To each his own: the weighting schemes of monetary policy. A DSGE scenario analysis of the Euro Area and its Members
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : In this thesis, the role of different weighting schemes applied by a central bank to the members of a currency union in the conduction of monetary policy is analyzed. The analysis is conducted by embedding the coefficients of a Taylor rule, estimated by GMM on Euro Area data, in the two-country, open economy DSGE model developed in Erceg and Lindé (2013). READ MORE
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15. 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
