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The New Keynesian approach to dynamic general equilibrium modeling : models, methods, and macroeconomic policy evaluation
Schmidt, Sebastian; Wieland, Volker - 2012
This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
Persistent link: https://www.econbiz.de/10010391304
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A new comparative approach to macroeconomic modeling and policy analysis
Wieland, Volker; Cwik, Tobias; Müller, Gernot J.; … - In: Journal of economic behavior & organization : JEBO 83 (2012) 3, pp. 523-541
Persistent link: https://www.econbiz.de/10009698038
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Chapter 22. The New Keynesian Approach to Dynamic General Equilibrium Modeling: Models, Methods and Macroeconomic Policy Evaluation
Schmidt, Sebastian; Wieland, Volker - In: Handbook of computable general equilibrium modeling : …, (pp. 1439-1512). 2013
This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
Persistent link: https://www.econbiz.de/10014025269
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Monetary cross-checking in practice
Beyer, Robert; Beck, Günther; Kontny, Markus Matthias; … - In: Essays on current macroeconomic challenges in Europe, (pp. 98-124). 2016
Persistent link: https://www.econbiz.de/10012320244
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Forecasting and policy making
Wieland, Volker; Wolters, Maik H. - 2013
Persistent link: https://www.econbiz.de/10011506997
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A new comparative approach to macroeconomic modeling and policy analysis
Wieland, Volker; Cwik, Tobias; Müller, Gernot J.; … - 2012
In the aftermath of the global financial crisis, the state of macroeconomicmodeling and the use of macroeconomic models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed for relying too much on a particular class of...
Persistent link: https://www.econbiz.de/10010391307
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Forecasting and policy making
Wieland, Volker; Wolters, Maik H. - 2012
Persistent link: https://www.econbiz.de/10010394237
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The European Central Bank's outright monetary transactions and the Federal Constitutional Court of Germany
Siekmann, Helmut; Wieland, Volker - 2013
This note reviews the legal issues and concerns that are likely to play an important role in the ongoing deliberations of the Federal Constitutional Court of Germany concerning the legality of ECB government bond purchases such as those conducted in the context of its earlier Securities Market...
Persistent link: https://www.econbiz.de/10010225422
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A new platform for real-time macroeconomic estimation and forecasting
Wieland, Volker; Afanasyeva, Elena; Ngougning, Meguy Kuete - In: Essay on monetary models, financial imbalances and …, (pp. 126-145). 2019
Persistent link: https://www.econbiz.de/10013184401
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Money in monetary policy design under uncertainty: A formal characterization of ECB-style cross-checking
Beck, Günter W.; Wieland, Volker - 2006
The European Central Bank has assigned a special role to money in its two pillar strategy and has received much … criticism for this decision. The case against including money in the central bank's interest rate rule is based on a standard … decades. In this paper, we develop a justification for including money in the interest rate rule by allowing for imperfect …
Persistent link: https://www.econbiz.de/10010298367