• No results found

Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy. Lawrence J. Christiano and Martin Eichenbaum

N/A
N/A
Protected

Academic year: 2021

Share "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy. Lawrence J. Christiano and Martin Eichenbaum"

Copied!
45
0
0

Loading.... (view fulltext now)

Full text

Loading

Figure

Fig. 2.—Response of price level, output, and money stock to an expansionary monetary policy shock in the benchmark model.
Fig. 3.—Response of capital utilization to monetary policy shocks: a, model vs. Federal Reserve Board capacity utilization; b, model vs
Fig. 5.—Role of timing in model dynamics. Solid lines are impulse responses for the model on the vertical axis; dashed lines are benchmark model impulse responses

References

Outline

Related documents

53 In December 2012, for example, Facebook created the Poke app, which allows users to “send self-destructing photos, videos, and Facebook messages.” 54

Leach on a date previous to September 15, 2003 (the date of his termination as a Departmental employee) -- perhaps on July 2, 2003, rather than July 2, 2004, in my opinion,

legislation (mainly UCPD and UCTD) of businesses and consumers and the specific public enforcement bodies in the relevant sectors, as in particular demonstrated by their practical

The input are the data stream D, the minimum percentage a of data objects in D that are normal, the minimum ratio P of data clusters' average size and outlier clusters' average

That Ocoee Regional Health Corporation operates a medical clinic known as Grundy County Primary Care within the County of Grundy, State of Tennessee and is the employer of Kim

This thesis is concerned with developing solution methods for a subclass of MPCC known as the quadratic problem with linear complementarity constraints (QPLCC), which can model

Protocol Title: M aking a balanced plate for pregnant woman to improve dietary behaviour of mother during pregnancy and birth weight of infants: a cluster randomised

The dissimilarity data describes the properties of objects in terms of their differences. It is relation based and thus more general than vectorial representation. However unlike