Search Results - subject:"Propagation mechanism"

Consumption-leisure trade-offs and peristency in business cycles

Barñano, Ilaski; Moral, Paz - In: Bulletin of economic research 65 (2013) 3, pp. 280-298

Persistent link: https://www.econbiz.de/10009779921

The role of the trade channel in the propagation of oil supply shocks

Maravalle, Alessandro - In: Energy Economics 34 (2012) 6, pp. 2135-2147

This paper analyzes when and why idiosyncratic oil supply shocks produce large macroeconomic effects in an analytically tractable two-country general equilibrium model. We focus on a demand-driven mechanism, the trade channel, which transmits oil shocks across economies through changes in the...

Persistent link: https://www.econbiz.de/10010587997

The role of the trade channel in the propagation of oil supply shocks

Maravalle, Alessandro - In: Energy economics 34 (2012) 6, pp. 2135-2147

Persistent link: https://www.econbiz.de/10009688817

The role of expectations in economic fluctuations and the efficacy of monetary policy

Kurz, Mordecai; Jin, Hehui; Motolese, Maurizio - 2003

We show diverse beliefs is an important propagation mechanism of fluctuations, money non neutrality and efficacy of …

Persistent link: https://www.econbiz.de/10010298249

The role of expectations in economic fluctuations and the efficacy of monetary policy

Kurz, Mordecai; Jin, Hehui; Motolese, Maurizio - Center for Financial Studies - 2003

We show diverse beliefs is an important propagation mechanism of fluctuations, money non neutrality and efficacy of …

Persistent link: https://www.econbiz.de/10010986484

Bayesian Fan Charts for U.K. Inflation: Forecasting and Sources of Uncertainty in an Evolving Monetary System

Cogley, Timothy; Morozov, Sergei; Sargent, Thomas J. - Center for Financial Studies - 2003

We estimate a Bayesian vector autoregression for the U.K. with drifting coefficients and stochastic volatilities. We use it to characterize posterior densities for several objects that are useful for designing and evaluating monetary policy, including local approximations to the mean,...

Persistent link: https://www.econbiz.de/10005022410

The Role of Expectations in Economic Fluctuations and the Efficacy of Monetary Policy

Jin, Hehui; Motolese, Maurizio - Center for Financial Studies - 2003

We show diverse beliefs is an important propagation mechanism of fluctuations, money non neutrality and efficacy of … show diverse beliefs is an important propagation mechanism of fluctuations, money non neutrality and efficacy of monetary …, Propagation mechanism, Capacity utilization, Heterogenous beliefs, Over confidence, Rational Belief, Optimism, Pessimism, Non …

Persistent link: https://www.econbiz.de/10005022413

Output dynamics in an endogenous growth model

Zuazo, Moral; Paz, María; Barañano Mentxaka, Ilaski - Departamento de Economía Aplicada III (Econometría y … - 2003

adjustment costs may help solve the Cogley-Nason (1995) puzzle since it provides a stronger propagation mechanism which, in turn …

Persistent link: https://www.econbiz.de/10005187602

Rational Inattention and Aggregate Fluctuations

Luo, Yulei; Young, Eric - In: Contributions to Macroeconomics 9 (2009) 1, pp. 1700-1700

provide an additional internal propagation mechanism (measured by the impulse response function and the autocorrelation …

Persistent link: https://www.econbiz.de/10005046535

A Search-Theoretic Monetary Business Cycle Model with Capital Formation

Menner, Martin - In: Contributions to Macroeconomics 6 (2006) 1, pp. 1384-1384

divisible money of Shi (JET, 1998) to allow for capital formation, analyses the monetary propagation mechanism and contrasts the … model's implications with US business cycle stylized facts. The propagation mechanism based on a feedback between increased …

Persistent link: https://www.econbiz.de/10005584989