Showing 1 - 9 of 9
In this paper we derive a microfounded macro New Keynesian model for open economies, be them large or small. We consider habit formation in consumption, sectoral linkages, domestic and foreign governments, tradable and non-tradable final and intermediate goods and imperfect pass-through in these...
Persistent link: https://www.econbiz.de/10011622335
Persistent link: https://www.econbiz.de/10010395212
In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To this end we propose a multi-country New-Keynesian model of a monetary union cast in the framework of linear quadratic differential games....
Persistent link: https://www.econbiz.de/10003807838
Persistent link: https://www.econbiz.de/10003656733
Persistent link: https://www.econbiz.de/10003531626
Persistent link: https://www.econbiz.de/10003384157
Persistent link: https://www.econbiz.de/10003499575
In this paper we derive a microfounded macro New Keynesian model for open economies, be they large or small. We consider habit formation in consumption, sectoral linkages for tradable and non-tradable goods, capital stock investments with variable capital utilization, domestic and foreign...
Persistent link: https://www.econbiz.de/10013317027
In this paper we consider a number of key issues related to the policy coordination in a monetary union that has been recently discussed in the literature. To this end we propose a multi-country New-Keynesian model of a monetary union cast in the framework of linear quadratic differential games....
Persistent link: https://www.econbiz.de/10012753234