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Results 1 - 10
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3,108
Monetary Shocks And Real Exchange Rates
- Journal of International Economics
, 1998
"... : Many explanations of the stylized facts concerning real exchange rate movements focus on monetary shocks, but it is often found empirically that monetary shocks are unimportant. I provide evidence that is contrary to this empirical finding. Using over 100 years of data, I estimate the contribution ..."
Abstract
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Cited by 68 (8 self)
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: Many explanations of the stylized facts concerning real exchange rate movements focus on monetary shocks, but it is often found empirically that monetary shocks are unimportant. I provide evidence that is contrary to this empirical finding. Using over 100 years of data, I estimate
Unions, Monetary Shocks and the Labour Market Cycle∗
, 2010
"... Unions, monetary shocks and the labour market cycle ..."
the propagation of monetary shocks ∗
, 2013
"... We present new evidence on the presence of both small and large price changes in individual price records from the CPI both in France and in the US. After correcting for measurement error and cross-section heterogeneity we find that the size distribution of price changes has a positive excess kurtos ..."
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using observations on the shape of the size-distribution of price changes (e.g. its kurtosis) and the actual cost of price adjustments borne by firms. We characterize analytically the response of the aggregate economy to a monetary shock, and how it depends on the variance and kurtosis, as well
Monetary Shocks with Observation and Menu Costs∗
, 2013
"... We compute the impulse response of output to an aggregate monetary shock in a general equilibrium when firms set prices subject to a costly observation of the state and a menu cost. We study how the aggregate effects of a monetary shock depend on the relative size of these costs. We find that empiri ..."
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We compute the impulse response of output to an aggregate monetary shock in a general equilibrium when firms set prices subject to a costly observation of the state and a menu cost. We study how the aggregate effects of a monetary shock depend on the relative size of these costs. We find
Monetary Shocks and Portfolio Choice
, 2009
"... The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1 % of GDP, and explaining about 20-25% of thei ..."
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The paper shows that monetary policy shocks exert a substantial effect on the size and composition of capital flows and the trade balance for the United States, with a 100 basis point easing raising net capital inflows and lowering the trade balance by 1 % of GDP, and explaining about 20
AND THE DYNAMIC EFFECTS OF MONETARY SHOCKS
, 2000
"... This Article is brought to you for free and open access by the Economics at ..."
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This Article is brought to you for free and open access by the Economics at
FINANCIAL DEVELOPMENT AND THE TRANSMISSION OF MONETARY SHOCKS
"... SOM-theme E: Financial markets and institutions We investigate whether the financial system dampens or exacerbates monetary shocks of inflation uncertainty to the economy. Our GMM-estimates for 88 countries over a period of 25 years show that inflation uncertainty has a positive and significant impa ..."
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Cited by 1 (0 self)
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SOM-theme E: Financial markets and institutions We investigate whether the financial system dampens or exacerbates monetary shocks of inflation uncertainty to the economy. Our GMM-estimates for 88 countries over a period of 25 years show that inflation uncertainty has a positive and significant
Habit Formation and the Persistence of Monetary Shocks
, 2003
"... This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general equilibrium models with sticky prices fail to generate output responses beyond the duration of nominal contracts. This paper constructs and estimates ..."
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This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general equilibrium models with sticky prices fail to generate output responses beyond the duration of nominal contracts. This paper constructs
Habit Formation and the Persistence of Monetary Shocks¤
, 2001
"... This paper studies the persistent e®ects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general equilibrium mod-els with sticky prices fail to generate output responses beyond the duration of nominal contracts. This paper constructs and estimates ..."
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This paper studies the persistent e®ects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general equilibrium mod-els with sticky prices fail to generate output responses beyond the duration of nominal contracts. This paper constructs
Results 1 - 10
of
3,108
