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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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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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Central bank misperceptions and the role of money in interest rate rules
Beck, Günter W.; Wieland, Volker - 2008
modified to account for observed money growth and inflation trends, and that monetary trends may serve as a useful cross … persistent errors in monetary policy and sustained trends in money growth and inflation. If interest rate prescriptions derived … from Keynesian-style models are augmented with a cross-check against money-based estimates of trend inflation, inflation …
Persistent link: https://www.econbiz.de/10011599217
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Data uncertainty and the role of money as an information variable for monetary policy
Coenen, Günter; Levin, Andrew; Wieland, Volker - 2001
Persistent link: https://www.econbiz.de/10001636940
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Data uncertainty and the role of money as an information variable for monetary policy
Coenen, Gunter; Levin, Andrew T.; Wieland, Volker - 2001
Persistent link: https://www.econbiz.de/10001641322
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Data uncertainty and the role of money as an information variable for monetary policy
Coenen, Günter; Levin, Andrew T.; Wieland, Volker - In: European economic review : EER 49 (2005) 4, pp. 975-1006
Persistent link: https://www.econbiz.de/10002678123
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Data uncertainty and the role of money as an information variable for monetary policy
Coenen, Günter; Levin, Andrew T.; Wieland, Volker - 2003
Persistent link: https://www.econbiz.de/10001788607
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Data uncertainty and the role of money as an information variable for monetary policy
Coenen, Günter; Levin, Andrew T.; Wieland, Volker - 2003
In this study, we perform a quantitative assessment of the role of money as an indicator variable for monetary policy … in the euro area. We document the magnitude of revisions to euro area-wide data on output, prices, and money, and find … proceed to analyze the information content of money in a forward-looking model in which monetary policy is optimally …
Persistent link: https://www.econbiz.de/10009765349
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Model Uncertainty in Macro Economics: On the Implications of Financial Frictions
Binder, Michael; Lieberknecht, Philipp; Quintana, Jorge; … - In: The Oxford handbook of the economics of central banking. 2019
Persistent link: https://www.econbiz.de/10012880902
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Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy
Levin, Andrew T.; Coenen, Günter; Wieland, Volker - 2021
In this study, we perform a quantitative assessment of the role of money as an indicator variable for monetary policy … in the euro area. We document the magnitude of revisions to euro area-wide data on output, prices, and money, and find … proceed to analyze the information content of money in a forward-looking model in which monetary policy is optimally …
Persistent link: https://www.econbiz.de/10013320709