Habit formation and the persistence of monetary shocks
نویسندگان
چکیده
منابع مشابه
formation and evolution of regional organizations: the case study of the economic cooperation organization (eco)
abstract because of the many geopolitical, geo economical and geo strategically potentials and communicational capabilities of eco region, members can expand the convergence and the integration in base of this organization that have important impact on members development and expanding peace in international and regional level. based on quality analyzing of library findings and experts interv...
15 صفحه اولOptimal Monetary Policy in a Model with Habit Formation
A number of recent papers have explored monetary policy options, including inflation targeting and inflation forecast targeting (notably Svensson (1999a, 1999b, 2000)) and price level targeting (Wolman 2000, Batini and Yates 1999, Blinder 1999). Most papers explore “optimal” monetary policy in the context of a single model. However, a number of conclusions made in the literature depend strongly...
متن کاملMonetary models and technology shocks
Adding variable capital utilisation to a dynamic new Keynesian framework gives a model which can produce realistic responses to both technology and monetary shocks. This requires the assumption of a much lower level of nominal rigidity than is usual.
متن کاملThe effect of fiscal policy on social welfare due to government spending shocks, monetary and productivity
The most important issue for policymakers in optimal policy-making is to choose the tools that bring the equilibrium output to the desired level, with the least volatile income fluctuation. The main purpose of this paper is to investigate the effects of favorable fiscal policies on social welfare and business cycle management for the Iranian economy with respect to government spending shocks, m...
متن کاملsimulation and experimental studies for prediction mineral scale formation in oil field during mixing of injection and formation water
abstract: mineral scaling in oil and gas production equipment is one of the most important problem that occurs while water injection and it has been recognized to be a major operational problem. the incompatibility between injected and formation waters may result in inorganic scale precipitation in the equipment and reservoir and then reduction of oil production rate and water injection rate. ...
ذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2005
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2005.08.009