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Exogenous fluctuations : DSGE models

Nicoletti, Giulio; Pensieroso, Luca - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015597400

Monetary policy under Okun's hypothesis

Alves, Felipe; Violante, Giovanni L. - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015617678

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Monetary policy under Okun's hypothesis

Alves, Felipe; Violante, Giovanni L. - 2026 - Last updated: March 2, 2026

Edition: Last updated: March 2, 2026

Book / Working Paper

Monetary Policy Under Okun's Hypothesis

Alves, Felipe; Violante, Giovanni L. - 2025

Book / Working Paper

The academic literature on fiscal policy in the aftermath of the 2008 crisis : a Keynesian resurgence?

Brito, Marcelo Fantaccini - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015474000

The perils of narrowing fiscal spaces

Kase, Hanno; Melosi, Leonardo; Rast, Sebastian; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613761

HANK comes of age : monetary policy with heterogeneous overlapping generations

Bardóczy, Bence; Savoia, Ettore; Velásquez-Giraldo, Mateo - 2026

We study the transmission and distributional effects of monetary policy in an environment where consumption-saving choices reflect both precautionary motives and life-cycle considerations. Age emerges as a key state variable linking multiple dimensions of heterogeneity: young households have low...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015589512

Lucas, modern macroeconomics and the post Keynesians

Olesen, Finn - 2024

As one of the founding fathers of the New Classical school of thought, Robert E. Lucas has made several important contributions. As such, his thinking had an immense impact on what later became modern mainstream macroeconomics (New Neoclassical Synthesis). In the present chapter, the focus is...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10014485690

Monetary policy under Okun's hypothesis

Alves, Felipe; Violante, Giovanni L. - 2026 - Last updated: March 2, 2026

The current monetary policy framework of the Fed intends to be more 'inclusive' by running the economy hot for longer during expansions. The logic of this strategy rests on Okun's (1973) hypothesis that sustaining a 'high-pressure economy' persistently improves labor market outcomes of low-wage...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015610837

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Monetary policy under Okun's hypothesis

Alves, Felipe; Violante, Giovanni L. - 2026

Book / Working Paper

Monetary Policy Under Okun's Hypothesis

Alves, Felipe; Violante, Giovanni L. - 2025

Book / Working Paper

Higher-order forward guidance

Dordal i Carreras, Marc; Lee, Seung Joo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015578338

Estimating the New Keynesian Phillips Curve in Vietnam

Hung, Trinh Phuc; Vasilev, Aleksandar - 2026

This research aimed to identify existence of a New Keynesian Phillips Curve in Vietnam. The examined period was 2012Q2 - 2025Q2, using secondary macroeconomics data and the Generalised Moments Method at 95% level of confidence. The dependent variables were price inflation and wage inflation,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015604707

Markov-switching DSGE modeling in RISE

Maih, Junior; Hashimzade, Nigar; Kirsanov, Oleg; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015604809

Monetary policy under high uncertainty : the option value of waiting

Wang, Haobin; Allen Ng - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015624533

Households' inflation expectations and consumption in macroeconomic models : a negative real income channel

Mašek, Frantisek - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015625682

Modelling the dynamic effects of inequality

Cornforth, Ed; Szendrei, Tibor - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640055

Monetary policy in the Euro Area, when Philips curves ... are curves

Ascari, Guido; Carrier, Alexandre; Gasteiger, Emanuele; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015640484

The link between monetary policy and the labor share : new empirical evidence and theoretical considerations

Badinger, Harald; Glocker, Christian; Schiman-Vukan, Stefan - 2026

Using a structural VAR with a relatively agnostic identification based on narrative sign restrictions, this paper, in line with recent empirical evidence, documents an increase in the labor share following restrictive monetary policy in the euro area. We then complement the empirical analysis...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651720

An energy New Keynesian DSGE model for South Africa

Cassiem, Abdul; Liu, Guangling - 2026

This paper develops an energy New Keynesian dynamic stochastic general equilibrium model to study the impact of climate change on the South African economy. The model incorporates an energy producer within a standard sticky-price framework and links environmental damages to macroeconomic...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651827

Inflation vs inclusion : stabilization policy in the wake of the pandemic

Alves, Felipe; Violante, Giovanni L. - 2026 - Last updated: April 14, 2026

As the economy emerges from a crisis, macroeconomic policy confronts a dilemma: a protracted stimulus can foster a more inclusive labor market recovery, yet risks igniting inflation that ultimately undermines workers' welfare through real income erosion. This tension amplifies in the presence of...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015651889

Double inertia, Taylor rules, and monetary policy gradualism

Crawley, Edmund; Goodwin, William; Jacobson, Margaret M.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653234

Slow learning

Christiano, Lawrence J.; Eichenbaum, Martin S.; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653253

Sticky prices and constraints to produce

Markauskas, Justinas; Ravn, Morten O.; Ríos-Rull, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015653798

On the empirical (ir)relevance of the zero lower bound constraint : the case of fiscal multiplier in Japan

Iiboshi, Hirokuni; Iwata, Yasuharu; Tsuruga, Takayuki - 2026

Japanís prolonged ZLB period alongside substantial debt accumulation makes it a compelling laboratory for testing whether fiscal multipliers differ across normal and ZLB periods. This paper investigates this question using a sign- and zero-restricted TVP-VAR that jointly identifies fiscal rules...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015634030

In search of credit crunch (rationing) periods in Albania : a disequilibrium approach

Shijak, Gerti - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637359

Modeling credit demand and supply of firms and households in Albania

Shijak, Gerti - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015637410

Optimal inflation rate : a meta-analysis

Opatrny, Matej; Opatrny, Martin; Havránek, Tomáš; … - 2026

We revisit the optimal long-run inflation rate using 777 estimates from 116 primary studies published between 1989 and 2026, the largest sample on the topic to date. To our knowledge, this is among the first economics meta-analyses in which primary-data extraction is done from start to finish...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015667786

Housing markets and the heterogeneous effects of monetary policy across the euro area

Pica, Stefano - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668218

Learning monetary policy strategies at the effective lower bound with sudden surprises

Krane, Spencer David; Melosi, Leonardo; Rottner, Matthias - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668273

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Learning monetary policy strategies at the effective lower bound with sudden surprises

Krane, Spencer David; Melosi, Leonardo; Rottner, Matthias - 2023

Book / Working Paper

Learning monetary policy strategies at the effective lower bound with sudden surprises

Krane, Spencer David; Melosi, Leonardo; Rottner, Matthias - 2023

Book / Working Paper

The transmission of foreign shocks in a networked economy

Aguilar, Pablo; Domínguez Díaz, Rubén; Gallegos, … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015669746

Learning monetary policy strategies at the effective lower bound with sudden surprises

Krane, Spencer David; Melosi, Leonardo; Rottner, Matthias - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015668273

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Learning monetary policy strategies at the effective lower bound with sudden surprises

Krane, Spencer David; Melosi, Leonardo; Rottner, Matthias - 2023

Book / Working Paper

Learning monetary policy strategies at the effective lower bound with sudden surprises

Krane, Spencer David; Melosi, Leonardo; Rottner, Matthias - 2023

Book / Working Paper

Intergenerational redistribution in the green transition

Annicchiarico, Barbara; Sahuc, Jean-Guillaume; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671082

The interaction between fiscal and monetary policy under political turmoil in Myanmar : new Keynesian DSGE model

Ai Kar Pao; Charuk Singhapreecha; Nisit Panthamit - 2026

This paper examines the interaction between fiscal and monetary policies in Myanmar under ongoing political and economic uncertainty. We estimate a small open-economy New Keynesian DSGE model using Bayesian methods, combining the Kalman filter with Markov Chain Monte Carlo sampling on quarterly...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671971

Lucas's "Keynesian education" and the new classical aggregate supply

Galbács, Peter; Laidler, David E. W. - 2026

This paper investigates how Robert E. Lucas came to adopt the market clearing aggregate supply framework that would be foundational for New Classical macroeconomics. Drawing on Lucas's own recollections, the record of his mid-1960s research, and Lucas and Rapping (1969) in particular, we show...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015671473

Public debt and inflation dynamics in South Africa : an estimated NK-DSGE model with a mixed monetary-fiscal regime

Liu, Guangling; Matola, Marrium Mustapher - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015675659

On the Consistency of Money Illusion in New Keynesian Models

Nutahara, Kengo - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015676060

The anatomy of amplification : a Frisch-system approach to shock transmission

Azinovic-Yang, Marlon; Jaimovich, Nir; Saporta-Eksten, Itay - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016074465

Energy and monetary policy in the euro area

Albonico, Alice; Ascari, Guido; Haque, Qazi; … - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016064134

A flexible deviation from FIRE in the sequence space

Lenney, Jamie; Rosso, Biagio - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016063610

Inflation targeting and zero lower bound risk

Afonso, António; Zorzi, Leonardo - 2026

In the aftermath of the 2007-2009 global financial crisis, a growing body of research questioned the conventional inflation-targeting framework that has long guided monetary policy, arguing that the inflation targets adopted by major central banks may have been set too low. We evaluate the...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016083717

Estimating nonlinear heterogeneous agent models with neural networks

Kase, Hanno; Melosi, Leonardo; Rottner, Matthias - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015206737

Fiscal policy in HANK models : one asset versus two assets

Caraiani, Petre; Gupta, Rangan - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015613654

Nonlinear estimation of a New Keynesian model with endogenous inflation de-anchoring

Hecker, Dominik; Wolters, Maik H. - 2025

We estimate a New Keynesian model that allows endogenous transitions between a target equilibrium, with inflation fluctuating around the central bank's target and interest rates typically positive, and a low-inflation equilibrium, where the effective lower bound binds and de-anchored...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015548895

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Nonlinear estimation of a New Keynesian model with endogenous inflation de-anchoring

Hecker, Dominik; Wolters, Maik H. - 2025

Book / Working Paper

Monetary-fiscal policy interactions in public debt consolidation : the role of fiscal rules and inflation targeting

Zhang, Yunhan; Liu, Zhixin; Jin, Hao - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015580375

The granular origins of inflation

Alvarez-Blaser, Santiago; Auer, Raphael A.; Lein, Sarah; … - 2025

This paper uses barcode-level price data for 16 advanced and emerging market countries over the period 2005–2022 to investigate the role of individual firms and product categories in aggregate inflation. We decompose inflation into the component due to macroeconomic shocks and the granular...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015548900

Fiscal stimulus with supply constraints

Fornaro, Luca - 2025

Persistent link: https://ebvufind01.dmz1.zbw.eu/10016072685

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Fiscal stimulus with supply constraints

Fornaro, Luca - 2025

Book / Working Paper

Fiscal stimulus with supply constraints

Fornaro, Luca - 2024

Book / Working Paper

Fiscal stimulus with supply constraints

Fornaro, Luca - 2024

Book / Working Paper

A case against average inflation targeting

Yılmaz, Yusuf Ömür - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015634972

Structural change in post Keynesian monetary theory : a Non-Compensatory Disequilibrium Framework

Túñez-Area, Narciso - 2025

Post Keynesian Economics has shifted away and even renegade from Keynes' original research program, i.e., the Unemployment Equilibrium thesis, endogenous money and liquidity preference determination of interest rate in which money and uncertainty play a fundamental part. This paper attempts to...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015549054

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Structural Change in Post Keynesian Monetary Theory : A Non-Compensatory Disequilibrium Framework

Túñez Area, Narciso - 2021

Book / Working Paper

Impact of climate change on South Africa : evidence from a DSGE model

Bejarano, Jesús Antonio; Gupta, Rangan - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015574911

Tradeoffs for the poor, divine coincidence for the rich

Del Negro, Marco; Diagne, Ibrahima; Dogra, Keshav; … - 2025

We use an estimated medium-scale HANK model to investigate how the tradeoff between stabilizing inflation and consumption volatility varies for households with different levels of wealth. Consumption for the rich is mostly affected by demand shocks via their exposure to highly procyclical...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015372071

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Tradeoffs for the poor, divine coincidence for the rich

Del Negro, Marco; Diagne, Ibrahima; Dogra, Keshav; … - 2025

Book / Working Paper

Consumer durables and monetary policy according to HANK

Partsch, Emil Holst; Petrella, Ivan; Santoro, Emiliano - 2026

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015561078

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Consumer durables and monetary policy according to HANK

Partsch, Emil Holst; Petrella, Ivan; Santoro, Emiliano - 2025

Book / Working Paper

Consumer durables and monetary policy according to HANK

Partsch, Emil Holst; Petrella, Ivan; Santoro, Emiliano - 2025

Book / Working Paper

Consumer durables and monetary policy according to hank

Partsch, Emil Holst; Petrella, Ivan; Santoro, Emiliano - 2025

Book / Working Paper

Monetary and fiscal policies in Brazil and the behavioral approach

Freitas, Raphael José Pereira - 2025

Purpose This study aims to elucidate the dynamics of monetary and fiscal policy interactions in Brazil, focusing on the impacts of positive shocks in government consumption and interest rates. By comparing rational and behavioral agent responses, it clarifies how these frameworks influence gross...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015372631

Real Effects of Nominal Interest Rates

Hausman, Joshua K.; Leahy, John Vincent; Mondragon, John; … - 2026

Nominal interest rates have real effects. Residential mortgages and other real world debt contracts require a sequence of constant nominal payments. Combined with payment-to-income constraints, these nominal payments force borrowers to take on less debt when nominal interest rates rise,...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015639355