Search Results - subject:"Monetary general equilibrium model"

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Liquidity effects and the welfare costs of inflation in an endogenous growth model

Folkertsma, C. K. - de Nederlandsche Bank - 2000

The paper has two subjects. The first subject is the development of a monetary general equilibrium model with …

Persistent link: https://www.econbiz.de/10005021865

Liquidity Effects and Welfare Costs of Inflation in an EndogenousGrowth Model

Folkertsma, C.K. - de Nederlandsche Bank - 2000

The paper has two subjects. The first subject is the development of a monetary general equilibrium model with en …

Persistent link: https://www.econbiz.de/10005021894

Nominal wage contracts, adjustment costs and real persistence of monetary shocks

Folkertsma, C.K. - de Nederlandsche Bank - 1998

This paper describes a model in which monetary shocks have persistent real effects. Starting from the limited participation model of Christiano (1991) with capital adjustment costs as suggested by Dow (1995) it is confirmed that costs of equipment installation and restrictions on consumer...

Persistent link: https://www.econbiz.de/10005021869