Essays about: "new keynesian"

Showing result 16 - 20 of 24 essays containing the words new keynesian.

  1. 16. Government Spending Multipliers in a Liquidity Trap: Evidence From a Panel of Advanced Economies

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Robert Boyle; [2017]
    Keywords : Government Spending; Liquidity Trap; New Keynesian; State-Dependent; Local Projection;

    Abstract : When interest rates are close to their zero lower bound, much of New Keynesian theory suggests that government multipliers are elevated and provides clear mechanisms that generate these larger multipliers. However, empirical evidence on both the size of multipliers and the predicted channels is more mixed. READ MORE

  3. 17. 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

  4. 18. Monetary Circuit Theory and the Role of Banks in the Monetization of Profits

    University essay from Göteborgs universitet/Graduate School

    Author : Johannes von Römer; [2015-07-13]
    Keywords : Monetary Circuit Theory; Post-Keynesian Economics; Endogenous Money; Paradox of Profits; Circulation; Velocity of Money; Stock-Flow Consistent Approach;

    Abstract : Using the tools of the monetary circuit the paradox of profits on how the firm sector as a whole can realize profits is addressed. The thesis innovates with the banking system facing the same profit paradox as firms and how it can be overcome. READ MORE

  5. 19. The Debate on Inflation Dynamics and the Swedish Experience

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Philip Odum; [2013]
    Keywords : new-Keynesian hybrid Phillips curve; Economics; Sweden; inflation dynamics; GMM; maximum likelihood; Business and Economics;

    Abstract : Inspired by the methodology of Galí and Gertler (1999) and Lindé (2005) and the seemingly fierce debate over the most appropriate econometric approach to study inflation dynamics, the new-Keynesian hybrid Phillips curve has been conducted with Swedish sample data and estimated with the general method of moment (GMM) and the full information maximum likelihood (FIML) estimators. GMM generated estimates that reject the idea of pure forward-looking behavior in price setting, but backwardness in price setting seems to be predominated. READ MORE

  6. 20. Macroeconomic Shocks and Monetary Policy : Analysis of Sweden and the United Kingdom

    University essay from Nationalekonomiska institutionen

    Author : Ruzica Gajic; [2012]
    Keywords : Cost-push; demand-pull; impulse-response; monetary policy; New Keynesian theory; shocks; structural VAR;

    Abstract : External economic shocks cause domestic macroeconomic aggregates to fluctuate. This may call for a macroeconomic policy intervention. Since the early 1990s an increasing number of countries have adopted an inflation targeting framework. READ MORE