Essays about: "new keynesian"

Showing result 6 - 10 of 24 essays containing the words new keynesian.

  1. 6. Globalization and Inflation Dynamics: Empirical Evidence from a Time-varying New-Keynesian Phillips Curve

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Yijia Chen; Xiong Yingchao; [2020]
    Keywords : Globalization; New-Keynesian Phillips curve; Time-varying parameter model;

    Abstract : There is a debate on whether globalization causes the flattening of Phillips curve. We explore this question by estimating a modified New-Keynesian Phillips curve (NKPC) in which inflation is determined by both domestic and foreign factors. READ MORE

  3. 7. 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

  4. 8. 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

  5. 9. Macroprudential regulation of borrowing standards: a comparative analysis of loan-to-value and loan-to-income policies.

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Sante Carbone; Oona Hakala; [2019]
    Keywords : Consumer Debt; Crisis; Housing; Housing Finance; Bayesian;

    Abstract : Starting from the Two-Agents New-Keynesian DSGE framework presented by Iacoviello and Neri (2010), we re-write the model allowing for a loan-to-income (LTI) constraint in place of a loan-to-value (LTV) constraint. We derive a balanced growth path equilibrium for our model and compare steady-state results as well as dynamic responses to a rich set of shocks between the two macroprudential regulations. READ MORE

  6. 10. 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