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Using a trade-induced catch-up model to explain China's provincial economic growth 1978 - 97
Yao, James Yudong; Lyhagen, Johan - 2001 - [Elektronische Ressource]
This paper attempts to make an innovative contribution to the growth literature by proposing a trade-induced catch up model in which imitation benefit is explicitly modelled and trade knowledge spillover is considered. The resulting income dynamics is in the error correction form. The Pooled...
Persistent link: https://www.econbiz.de/10001600063
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Is neoclassical economics still entrepreneurless?
Bianchi, Milo (contributor); Henrekson, Magnus (contributor) - 2005 - [Elektronische Ressource], Rev. March 29, 2005
We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework, analyzing how and to what extent the fundamental ingredients suggested in the social science literature were captured. We show how these approaches are important in stressing the...
Persistent link: https://www.econbiz.de/10002570545
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An alternative explanation of the prize puzzle
Giordani, Paolo (contributor) - 2001 - [Elektronische Ressource], Rev. November 19, 2001
policy analysis. It suggests that the best method of solving the puzzle implies a close connection between theory and …
Persistent link: https://www.econbiz.de/10001600038
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European integration and productivity growth
Norberg, Helene - 1996
Persistent link: https://www.econbiz.de/10000937957
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Reconsidering the role of money for output, prices and interest rates
Favara, Giovanni (contributor); Giordani, Paolo (contributor) - 2002 - [Elektronische Ressource], First draft: September 2001, This version: November 2002
New Keynesian models of monetary policy assign no role to monetary aggregates, in the sense that the level of output, prices, and interest rates can be determined without knowledge of the quantity of money. We evaluate the empirical validity of this prediction by studying the effects of shocks...
Persistent link: https://www.econbiz.de/10001714614
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Stronger evidence of long-run neutrality : a comment on Bernanke and Mihov
Giordani, Paolo (contributor) - 2001 - [Elektronische Ressource], Rev. May 11, 2001
Few propositions in macroeconomics are less controversial than long-run money neutrality, yet clear and robust empirical support has not been found in time series studies. Bernanke and Mihov (1998) are comparatively successful in this hunt, but their output response to monetary policy shocks...
Persistent link: https://www.econbiz.de/10001600067
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Monetary policy and bond option pricing in an analytical RBC model
Söderlind, Paul (contributor) - 2001 - [Elektronische Ressource], Rev. January 3, 2003
prices than inflation targeting. -- inflation targeting ; output targeting ; interest rates …
Persistent link: https://www.econbiz.de/10001600072
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Monetary policy with incomplete exchange rate pass-through
Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
The central bank's optimal reaction to foreign and domestic shocks is analyzed in an inflation targeting model allowing … that the interest rate response to foreign shocks is smaller when pass-through is low. Second, the inflation …-through ; exchange rate volatility ; inflation targeting ; monetary policy ; small open economy …
Persistent link: https://www.econbiz.de/10001622446
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Optimal monetary policy delegation under incomplete exchange rate pass-through
Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
exchange rate, through Consumer Price Index (CPI) inflation targeting is, however, beneficial. Welfare can, moreover, be …-through. -- Exchange rate pass-through ; inflation targeting ; interest rate inertia ; monetary policy ; small open economy …
Persistent link: https://www.econbiz.de/10001622448
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Incomplete exchange rate pass-through and simple monetary policy rules
Adolfson, Malin (contributor) - 2001 - [Elektronische Ressource]
reaction to Consumer Price Index (CPI) inflation rather than to domestic inflation, is welfare enhancing in all pass …-through cases. This result is moreover independent of whether society values domestic or CPI inflation stabilization. The only case … inflation and output, are sub-optimal. -- Exchange rate pass-through ; monetary policy ; simple policy rules ; small open …
Persistent link: https://www.econbiz.de/10001622452