Technology Shocks And Monetary Policy
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Technology Shocks And Monetary Policy
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Author : Jordi Galí
language : en
Publisher:
Release Date : 2002
Technology Shocks And Monetary Policy written by Jordi Galí and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business cycles categories.
Technology Shocks And Aggregate Fluctuations
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Author : Mr.Pau Rabanal
language : en
Publisher: International Monetary Fund
Release Date : 2004-12-01
Technology Shocks And Aggregate Fluctuations written by Mr.Pau Rabanal and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-12-01 with Business & Economics categories.
Our answer: Not so well. We reached that conclusion after reviewing recent research on the role of technology as a source of economic fluctuations. The bulk of the evidence suggests a limited role for aggregate technology shocks, pointing instead to demand factors as the main force behind the strong positive comovement between output and labor input measures.
Inflation Persistence Backward Looking Firms And Monetary Policy In An Input Output Economy
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Author : Brad E. Strum
language : en
Publisher: DIANE Publishing
Release Date : 2011-04
Inflation Persistence Backward Looking Firms And Monetary Policy In An Input Output Economy written by Brad E. Strum and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04 with Reference categories.
This paper studies the implications of inflation persistence (generated by backward-looking price setters) for monetary policy in a New Keynesian "input-output" model -- a model with sticky prices in both intermediate and final goods sectors. Optimal policy under commitment depends on the degree of inflation persistence in both sectors. Under discretion, speed-limit targeting -- targeting the change in the output gap -- outperforms price-level and inflation targeting in the presence of inflation persistence. If inflation persistence is low in the intermediate goods sector, price-level targeting outperforms in inflation targeting despite high inflation persistence in the final goods sector. Illus. This is a print on demand edition of an important, hard-to-find publication.
Interpreting Investment Specific Technology Shocks Ist
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Author : Luca Guerrieri
language : en
Publisher: DIANE Publishing
Release Date : 2011-05
Interpreting Investment Specific Technology Shocks Ist written by Luca Guerrieri and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05 with Business & Economics categories.
IST shocks are often interpreted as multi-factor productivity (MFP) shocks in a separate investment-producing sector. However, this interpretation is strictly valid only when some stringent conditions are satisfied. Some of these conditions are at odds with the data. Using a two-sector model whose calibration is based on the U.S. Input-Output Tables, the authors consider the implications of relaxing several of these conditions. They show how the effects of IST shocks in a one-sector model differ from those of MFP shocks to an investment-producing sector of a two-sector model. MFP shocks induce a positive short-run correlation between consumption and investment consistent with U.S. data, while IST shocks do not. Illus. This is a print on demand report.
Economics
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Author : Guthlac N. Kirk Anyalezu
language : en
Publisher: AuthorHouse
Release Date : 2015-05-06
Economics written by Guthlac N. Kirk Anyalezu and has been published by AuthorHouse this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-06 with Education categories.
Guthlac Kirk Anyalezus Economics provides an advanced econometrics analysis integrating the real world (macroeconomics and microeconomics) of analyzing and/or synthesizing aggregate productivity and aggregate technology. The books conciseness and easy-to-follow chapters provide the best mix of approach and methodology analysis. It will enable and enhance students, researchers and other users understanding of how to measure aggregate productivity and technology shocks, including the evaluation of economic policies. Features include the following: A comprehensive literature survey and analysis on Total Factor Productivity (TFP) and Real Business Cycle (RBC) Models. Estimation of aggregate productivity and aggregate technology Analysis of aggregate productivity, technology and contractionary effects Econometrics techniques and analysis Structural autoregressive model and bivariate model Various econometric testing An indepth empirical study applicable to any world economy Simplification of complex econometrics modelling, theoretical analysis and evaluation
What Does A Technology Shock Do
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Author : Luca Dedola
language : en
Publisher:
Release Date : 2006
What Does A Technology Shock Do written by Luca Dedola and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Technological innovations categories.
International Dimensions Of Monetary Policy
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Author : Jordi Galí
language : en
Publisher: University of Chicago Press
Release Date : 2010-03-15
International Dimensions Of Monetary Policy written by Jordi Galí and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-15 with Business & Economics categories.
United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.
Should Unconventional Monetary Policies Become Conventional
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Author : Mr.Dominic Quint
language : en
Publisher: International Monetary Fund
Release Date : 2017-03-31
Should Unconventional Monetary Policies Become Conventional written by Mr.Dominic Quint and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-31 with Business & Economics categories.
The large recession that followed the Global Financial Crisis of 2008-09 triggered unprecedented monetary policy easing around the world. Most central banks in advanced economies deployed new instruments to affect credit conditions and to provide liquidity at a large scale after shortterm policy rates reached their effective lower bound. In this paper, we study if this new set of tools, commonly labeled as unconventional monetary policies (UMP), should still be used when economic conditions and interest rates normalize. In particular, we study the optimality of asset purchase programs by using an estimated non-linear DSGE model with a banking sector and long-term private and public debt for the United States. We find that the benefits of using such UMP in normal times are substantial, equivalent to 1.45 percent of consumption. However, the benefits from using UMP are shock-dependent and mostly arise when the economy is hit by financial shocks. When more traditional business cycle shocks (such as supply and demand shocks) hit the economy, the benefits of using UMP are negligible or zero.
Electronic Money And The Monetary Transmission Process
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Author : Frank Hespeler
language : en
Publisher: Cuvillier Verlag
Release Date : 2008
Electronic Money And The Monetary Transmission Process written by Frank Hespeler and has been published by Cuvillier Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Interpreting Investment Specific Technology Shocks
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Author : Luca Guerrieri
language : en
Publisher:
Release Date : 2010
Interpreting Investment Specific Technology Shocks written by Luca Guerrieri and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.