New Keynesian policy model
An estimated New Keynesian policy model for Australia
... We use 1983:Q1 as the starting point for the HP-filtering of the logged real GDP data, up to 2005:Q4. This choice avoids some of the instabilities of the 1970s and the recessions of the early 1980s that both, the US and ...
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Trend inflation and Monetary policy rules: Determinacy analyses in New Keynesian model with capital accumulation
... typical New-Keynesian model with capital accumulation ...this model the monetary policy is conducted using simple interest rates ...monetary policy rule does not guarantee the ...
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Macroeconomic fluctuations in a New Keynesian disequilibrium model
... current New Keynesian modeling framework by changing one crucial aspect: it replaces the general equilibrium assumption by the arguably more realistic assumption of macroeconomic ...monetary policy ...
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Disinflation and the NAIRU in a New Keynesian New Growth Model
... monetary policy reaction function which sets the interest rate as a function of the deviation of in‡ation from it’s target and the output ...the model and how this a¤ects the model’s equations derived so ...
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Fiscal and Monetary Policy in a New Keynesian Model with Tobin’s Q Investment Theory Features
... equilibrium model with Calvo-type price ...set-up model in which labor markets are competitive and the goods markets are monopolistically ...the model before we lay out the particular assumptions ...
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Empirical assessment of bifurcation regions within new Keynesian models
... New Keynesian models have become increasingly popular in policy ...usual New-Keynesian log-linearized model consists of a forward-looking IS- curve, describing consumption ...
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A New Keynesian Model with Estimated Shadow Rate for Japan Economy
... (GATS) model are two main workhorses in modern monetary macroeconomics and ...weird policy paradoxes and unsatisfied fitness of ...monetary policy analysis, a NK-DSGE model in the ZLB ...
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A Mark-Up Model of Inflation for Morocco
... the new Keynesian models, stating price rigidity and the marginal costs procyclicality, an expansionary monetary policy or a government positive spending shocks would weakened the mark-up ...
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Instability in the basic New Keynesian model under limited information
... the New Keynesian model is stable under rational expectation, under the usual ...exact model (De Grauwe, 2008, p. 42). Second, the New Keynesian model must set monetary ...
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Disaster risk and preference shifts in a New Keynesian model
... full-fleshed New Keynesian model is critical here, not just in order to create a richer macroeconomic setting and broaden the spectrum of potential policy analysis, but because it literally ...
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An Estimated New Keynesian Model for Israel
... The New Keynesian model in a closed economy contains (at least) three basic equations: one for inflation, one for the output gap and one for the nominal interest ...
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Estimation of the Basic New Keynesian Model for the Economy of Romania
... Despite its simplicity, the estimated model fitted reasonably well the actual series for output-gap, inflation and interest rate. The estimation of the Calvo parameter showed an average duration of price ...
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Financial frictions and robust monetary policy in the models of New Keynesian framework
... Monetary policy is modeled here in terms of optimal simple implementable interest rate rules (as in Schmitt-Grohe and Uribe, 2006, Faia and Monacelli, 2005 and Mendicino and Pescatori, ...that policy rate ...
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Supply, demand and monetary policy shocks in a multi country new Keynesian model
... The measures of steady state depend on the underlying economic model, which seems a desirable property. However, they may be sensitive to misspecication and it is possible that intercept shifts, broken trends or ...
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Hysteresis in a New Keynesian Model
... A number of papers have examined the relationship between monetary pol- icy and hysteresis. Ball (1999) finds that countries that responded to recessions in the early 1980s with expansionary monetary policy were ...
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Finance dominated capitalism in crisis – the case for a Global Keynesian New Deal
... monetary policy interventions providing liquidity on a massive scale to the money market, thus preventing a meltdown of the financial sector, and, in particular, by massive fiscal expenditure ...neo-liberal ...
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Environmental Policy and China’s Macroeconomic Dynamics Under Uncertainty Based on The NK Model with Distortionary Taxation
... 赵敏，张卫国，俞立中，2009：《上海市能源消费碳排放分析》，《环境科学研究》第 22 卷第 8 期。 A. Heyes, 2000,” A proposal for the greening of textbook macro: IS-LM-EE”, Ecological Economics, 32:1-7. Barbara Annicchiarico, Fabio Di Dio, 2015, “Environmental ...
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Monetary policy under a New Keynesian perspective
... The model predicts th at the more heterogeneous the preferences are, if the agenda setter is not the median member, ceteris paribus will be more interest rate ...monetary policy decisions is formed of only ...
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Optimal Monetary Policy in Behavioral New Keynesian Model
... Optimal Monetary Policy in Behavioral New Keynesian Model Lahcen, BOUNADER Mohammed V University-Agdal, Rabat, Morocco.[r] ...
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Hopf Bifurcation from new Keynesian Taylor rule to Ramsey Optimal Policy
... the policy maker only considers as policy targets the subset of predetermined variables and exclude forward- looking variables from policy ...the new-Keynesian model, because the ...
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