haku: @author Vredin, A. / yhteensä: 5
viite: 1 / 5
« edellinen | seuraava »
| Tekijä: | Söderström, U. Söderlind, P. Vredin, A. |
| Otsikko: | New-Keynesian models and monetary policy: a re-examination of the stylized facts |
| Lehti: | Scandinavian Journal of Economics
2005 : VOL. 107:3, p. 521-546 |
| Asiasana: | interest rates central banks |
| Kieli: | eng |
| Tiivistelmä: | The objective of this article is to analyse whether a model where the central bank is assumed to solve a well-defined optimization problem and where private sector behaviour has New-Keynesian features can be calibrated to match the broad characteristics of U.S. data. Findings show a small concern for output stability but a large preference for interest rate smoothing, and a small degree of forward-looking behaviour in price-setting but a large degree of forward-looking in the determination of output. |
« edellinen | seuraava »
SCIMA