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The effect of inflation on real commodity prices

Reicher, Christopher; Utlaut, Johannes - Institut für Weltwirtschaft (IfW) - 2011

contribution of fluctuations in inflation to this particular link. In the data, a temporary rise in inflation causes real commodity … prices to rise, as does a rise in trend inflation. We find that a simple dynamic equilibrium model of commodity supply and … demand gives a realistic response of real commodity prices to inflation. Based on historical simulations, shocks to inflation …

Persistent link: https://www.econbiz.de/10009292398

What Can a New Keynesian Labor Matching Model Match?

Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2009

1980s. Based on the timing of observed fluctuations in interest rates, inflation, and productivity, it appears that the …

Persistent link: https://www.econbiz.de/10005700617

The DART general equilibrium model: A technical description

Springer, Katrin - Institut für Weltwirtschaft (IfW) - 1998

This paper provides a technical description of the Dynamic Applied Regional Trade (DART) General Equilibrium Model. The DART model is a recursive dynamic, multi-region, multi-sector computable general equilibrium model. All regions are fully specified and linked by bilateral trade flows. The...

Persistent link: https://www.econbiz.de/10009367365

Benchmarking the Future: A Dynamic, Multi-Regional, Multi-Sectoral Trade Model for the Analysis of Climate Policies

Klepper, Gernot; Springer, Katrin - Institut für Weltwirtschaft (IfW) - 2000

For analyzing the impact of climate change and of international climate policies on the international division of labor and on regional welfare the use of a disaggregated multiÂ–sectoral, multiÂ–regional dynamic computable general equilibrium model is appropriate. This paper discusses the...

Persistent link: https://www.econbiz.de/10005755224

Climate Policy and Trade: Dynamics and the Steady-State Assumption in a multi-regional Framework

Springer, Katrin - Institut für Weltwirtschaft (IfW) - 1999

Most dynamic trade models assume steady state or balanced growth. This paper argues while this can be done in a single region model or a model without trade, the steady state assumption is problematic in a multi-regional setting with trade interactions. This paper shows the consequences of...

Persistent link: https://www.econbiz.de/10005818824

Economic Impact of Climate Change: Simulations with a Regionalized Climate-Economy Model

Deke, Oliver; Hooss, Kurt Georg; Kasten, Christiane; … - Institut für Weltwirtschaft (IfW) - 2001

Climate change affects the physical and biological system in many regions of the world. The extent to which human systems will suffer economically from climate change depends on the adaptive capabilities within a region as well as across regions. We use an economic General-Equilibrium model and...

Persistent link: https://www.econbiz.de/10005818902

Credit Bubbles and Land Bubbles

Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2010

In modern macroeconomic models it is difficult to obtain explosive price bubbles on assets with positive net supply. This paper shows that it is possible to obtain explosive bubbles in certain situations when assets such as land are used as collateral and lenders are willing to lend freely...

Persistent link: https://www.econbiz.de/10008511732

Endogenous Indexing and Monetary Policy Models

Mash, Richard - Institut für Weltwirtschaft (IfW) - 2007

policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We …

Persistent link: https://www.econbiz.de/10005083332

Endogenous Indexing and Monetary Policy Models

Mash, Richard - Institut für Weltwirtschaft (IfW) - 2007

monetary policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We …

Persistent link: https://www.econbiz.de/10005818884

The relationship between oil prices and long-term interest rates

Reicher, Christopher; Utlaut, Johannes - Institut für Weltwirtschaft (IfW) - 2010

long-run interest rates and inflation expectations into account. We find a strong connection between oil prices and long … strong relationship if inflation and oil prices were driven by monetary policy. The observed magnitude of this relationship …

Persistent link: https://www.econbiz.de/10008511731