Narrow search
Showing 1 - 2 of 2
Cover Image
The global component of local inflation : revisiting the empirical content of the global slack hypothesis with Bayesian methods
Martínez-García, Enrique - In: Monetary policy in the context of the financial crisis …, (pp. 51-112). 2015
Persistent link: https://www.econbiz.de/10011326841
Cover Image
Chapter 4 The Global Component of Local Inflation: Revisiting the Empirical Content of the Global Slack Hypothesis with Bayesian Methods
Martínez-García, Enrique - In: Monetary policy in the context of the financial crisis …, (pp. 51-112). 2015
The global slack hypothesis is central to the discussion of the trade-offs that monetary policy faces in an increasingly more integrated world. The workhorse New Open Economy Macro (NOEM) model of Martínez-García and Wynne (2010), which fleshes out this hypothesis, shows how expected future...
Persistent link: https://www.econbiz.de/10015367031