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How Does Monetary Transmission Mechanism Impact Output, Inflation and Money Market Funds in Argentine?
Ledesma Padilla, Juan - 2010
The paper is aimed at quantifying empirically the monetary transmission mechanism for Argentine, and at analyzing the responses of output, inflation, and money market mutual funds (MMMF) to a positive monetary shock. The idea of incorporating MMMF into the system is to understand how economic...
Persistent link: https://www.econbiz.de/10013147766
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Policy mix in a small open emerging economy with commodity prices
André, Marine C.; Armijo, Alberto; Espidio, Sebastián … - In: Latin American journal of central banking : LAJCB 4 (2023) 1, pp. 1-19
The article analyzes the interaction between monetary and fiscal policy in Mexico. We calibrated a semi-structural model for a small open economy, based on Aguilar and Ramírez-Bulos (2018), for Mexico by using quarterly data from 2001Q1 to 2019Q4. The fiscal policy block models the fiscal...
Persistent link: https://www.econbiz.de/10014382792
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Argentina's "missing capital" puzzle and limited commitment constraints
Kapička, Marek; Kydland, Finn E.; Zarazaga, Carlos Enrique - 2018
Capital accumulation in Argentina was slow in the 1990s, despite high total factor productivity (TFP) growth and low … grounds that previous historical developments had led them to perceive Argentina as a country prone to external debt … environment can magnify the asymmetry. A quantitative implementation of the model economy to data from Argentina accounts, in line …
Persistent link: https://www.econbiz.de/10012030046
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Estimation of large dimensional conditional factor models in finance
Gagliardini, Patrick; Ossola, Elisa; Scaillet, Olivier - 2019 - This version: August 2019
This chapter surveys recent econometric methodologies for inference in large dimensional conditional factor models in finance. Changes in the business cycle and asset characteristics induce time variation in factor loadings and risk premia to be accounted for. The growing trend in the use of...
Persistent link: https://www.econbiz.de/10012101166
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Cost-Push Shocks and Monetary Policy and Monetary Policy in Open Economies
Sutherland, Alan - 2002
welfare than these other regimes. …
Persistent link: https://www.econbiz.de/10010295744
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Cost-push shocks and monetary policy in open economies
Sutherland, Alan - 2002
welfare than these other regimes. …
Persistent link: https://www.econbiz.de/10011431833
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Labour Market Asymmetries in a Monetary Union
Andersen, Torben M.; Seneca, Martin - 2007
This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...
Persistent link: https://www.econbiz.de/10010260574
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Labour market asymmetries in a monetary union
Andersen, Torben M.; Seneca, Martin - 2008
This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...
Persistent link: https://www.econbiz.de/10010323747
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Labour market asymmetries in a monetary union
Andersen, Torben M.; Seneca, Martin - 2008
This paper takes a first step in analysing how a monetary union performs in the presence of labour market asymmetries. Differences in wage flexibility, market power and country sizes are allowed for in a setting with both country-specific and aggregate shocks. The implications of asymmetries for...
Persistent link: https://www.econbiz.de/10010126548
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Distributional effects of monetary policy in emerging market economies
Prasad, Eswar S.; Zhang, Boyang - 2015
effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to … households are worse off due to higher consumption volatility. A fixed exchange rate reduces the welfare of these households and … aggregate welfare when the economy is hit by positive shocks to nontradable goods productivity or foreign interest rates. Fiscal …
Persistent link: https://www.econbiz.de/10011309046