Showing 1 - 10 of 15
Persistent link: https://www.econbiz.de/10000903224
Persistent link: https://www.econbiz.de/10000877011
Persistent link: https://www.econbiz.de/10001188033
Persistent link: https://www.econbiz.de/10001211480
Persistent link: https://www.econbiz.de/10001201980
In this paper, we analyze the effects of changes in monetary growth rates in the context of models of endogenous growth when the demand for money comes from a cash-in-advance constraint. We explore two alternative avenues through which the rate of inflation could affect the overall long-run rate...
Persistent link: https://www.econbiz.de/10012474419
Many countries run substantial inflations. They do this despite the overwhelming theoretical arguments (and empirical evidence?) showing that price stability (or even mild deflation) is "better." This paper provides a simple model in which a government sometimes uses the inflation tax because it...
Persistent link: https://www.econbiz.de/10004970339
This paper estimates an identified VAR on US data to gauge the dynamic response of the job finding rate, the worker separation rate, and vacancies to monetary policy shocks. I develop a general equilibrium model that can account for the large and persistent responses of vacancies, the job...
Persistent link: https://www.econbiz.de/10004977920
Persistent link: https://www.econbiz.de/10005090837
Since it burst onto the scene of mainstream monetary economics, the New Neo-Classical Phillips Curve has been the focus of two important empirical debates. First, to what extent properly measured marginal costs affect inflation dynamics. Second, to what extent purely forward looking inflation...
Persistent link: https://www.econbiz.de/10005069291