New Keynesian
Inflation and Growth: A New Keynesian Perspective
... affects New Keynesian economies and that its omission may understate the welfare costs of ...so-called New Keynesian model have been used to study other important monetary ...
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Hopf Bifurcation from new-Keynesian Taylor rule to Ramsey Optimal Policy
... the New-Keynesian model is a particular case of the mapping of feedback rule parameters with closed-loop eigenvalues of controllable linear system demonstrated by Wohnam (1967) pole placement ...
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Hopf Bifurcation from New-Keynesian Taylor Rule to Ramsey Optimal Policy
... On the one hand, negative feedback is the core mechanism for stabilizing dynamic systems with optimal control (Aström and Kumar (2014), Chatelain and Ralf (2019b)). On the other hand, determinacy, as required by rational ...
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Demand shocks, new keynesian model and supply effects of monetary policy
... ABSTRACT Demand shocks likely play a key role in driving business cycles. However, in the standard new keynesian model, the monetary policy reaction to these shocks have a supply side effect. The change in ...
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Ramsey Optimal Policy in the New-Keynesian Model with Public Debt
... the new-Keynesian model with public debt (Woodford (1996; 1998), Bonam and Lukkezen (2019), Cochrane ...to new-Keynesian equilibrium (Cochrane ...
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Inflation Dynamics and the New Keynesian Phillips Curve: an Identification Robust Econometric Analysis
... In this paper, we use identification-robust methods to assess the empirical adequacy of a New Keynesian Phillips Curve (NKPC) equation. We focus on the Gali and Gertler’s (1999) specification, on both U.S. ...
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Inflation dynamics and the New Keynesian Phillips Curve: an identification robust econometric analysis
... 1. Introduction A standard feature of macroeconomic policy models is an equation describing the evolution of inflation. Nowadays, this process is typically modelled as a hybrid New Keynesian Phillips curve ...
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Comment on "Weak instrument robust tests in GMM and the new Keynesian Phillips curve"
... the new Keynesian Phillips curve” By Anna Mikusheva We are witnessing a growing awareness among applied researchers about the possi- bility of having weak identification and its consequences such as large ...
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The Dynamics of Unemployment and Inflation in New Keynesian Models with Two Labor Margins
... Keywords: new Keynesian model, labor-market frictions, unemployment, inflation Over the past two decades, the “New Keynesian frame- work” 1 —which, basically, introduces imperfect competition ...
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The Effects of Oil Price Shocks in a New-Keynesian Framework with Capital Accumulation
... The present paper introduces energy into an otherwise standard New Keynesian model in the same way as [BG09] and [BR13], to which it adds capital accumulation. The latter addition is important not just ...
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Inflation and Growth: a New Keynesian Perspective
... Abstract: The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage rigidities, despite the fact that these rigidities now figure prominently in workhorse ...
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Money in the Production Function : A New Keynesian DSGE Perspective
... Abstract This paper proposes a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model where real money balances enter the pro- duction function. By using a Bayesian analysis, our model shows that ...
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Energy and Capital in a New-Keynesian Framework
... a New-Keynesian dsge model, which takes the case of an oil-importing economy where oil cannot be stored and where fossil fuels are used in two different ways: One part of the imported energy is used as an ...
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Forecasting Canadian Time Series with the New-Keynesian Model
... NK model for inflation. As discussed in the introduction, researchers have often pointed out that imposing the Minnesota prior –all variables follow simple random walks– on the Bayesian estimation of simple VARs ...
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Essays on the dynamics of new keynesian model with search frictions
... The first chapter assesses the ability of the New Keynesian model with search frictions in the labor market to reproduce the dynamics of inflation, output and employment [r] ...
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Money in the production function: a New Keynesian DSGE perspective
... a New Keynesian DSGE model where money enters the produc- tion ...a new ination dynamics where money could play a signi
cant ...the new concept of exible-price real money balances in order ...
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What if oil is less substitutable? A New-Keynesian Model with Oil, Price and Wage Stickiness including Capital Accumulation
... Figure 3: US Oil consumption per capita (Mtoe) and Spot Oil Prices Source: Bank of Saint Louis (Spot Oil Price): West Texas Intermediate, BP Statistical Review of World Energy 2013 In order to shed some new light ...
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Oil and Unemployment in a New-Keynesian Model
... the new variables introduced in this paper, one can observe that an increase in the real price of oil provokes a rise in unemployment that stagnates one year after the ...
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International monetary policy coordination in a new Keynesian model with NICE features
... Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense?. IMF working.[r] ...
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Breakthroughs in Medicinal Chemistry: New Targets and Mechanisms, New Drugs, New Hopes–5
... where new chemical entities are obtained by combining two or more pharmacophoric moieties into a single molecule [ 10 ...Twenty-one new aryl-substituted pyrazole derivatives possessing a ...
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