Asset Pricing Implications of a New Keynesian Model : A Note

De Paoli, Scott, and Weeken (2010, Asset pricing implications of a New Keynesian model. Journal of Economic Dynamics and Control 34, 2056-73) study equity and bonds prices in a New Keynesian model with sticky nominal prices. This note argues that their model generates a behavior of the labor market variables that is contrary to empirical evidence and, as remedy for this deficiency, suggests a model with both sticky nominal wages and prices

MoreLess

Year of publication:	2013
Authors:	Heer, Burkhard
Other Persons:	Klarl, Torben (contributor) ; Maußner, Alfred (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Neoklassische Synthese \| Neoclassical synthesis \| CAPM \| Theorie \| Theory

Extent:	1 Online-Ressource (20 p)
Series:	CESifo Working Paper Series ; No. 4041
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 28, 2012 erstellt
Other identifiers:	10.2139/ssrn.2195510 [DOI]
Classification:	E44 - Financial Markets and the Macroeconomy ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; G12 - Asset Pricing
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013089158