Search Results
Showing results 1 to 10 of approximately 97.
(refine search)
Journal Article
Consumption, savings, and the meaning of the wealth effect in general equilibrium
Sarte, Pierre-Daniel G.; Lantz, Carl D.
(2001-07)
Economic Quarterly
, Issue Sum
, Pages 53-71
Working Paper
Temporary partial expensing in a general-equilibrium model
Edge, Rochelle M.; Rudd, Jeremy B.
(2005)
This paper uses a dynamic general-equilibrium model with a nominal tax system to consider the effects of temporary partial expensing allowances on investment and other macroeconomic aggregates.
Finance and Economics Discussion Series
, Paper 2005-19
Report
Finite memory and imperfect monitoring
Kocherlakota, Narayana R.; Cole, Harold L.
(2001)
Staff Report
, Paper 287
Working Paper
From individual to aggregate labor supply : a quantitative analysis based on a heterogeneous agent macroeconomy
Kim, Sun-Bin; Chang, Yongsung
(2003)
We investigate the mapping from individual to aggregate labor supply using a general equilibrium heterogeneous-agent model with an incomplete market. The nature of heterogeneity among workers is calibrated using wage data from the PSID. The gross worker flows between employment and nonemployment and the cross-sectional earnings and wealth distributions in our model are comparable to those in the micro data. We find that the aggregate labor supply elasticity of such an economy is around 1, bigger than micro estimates but smaller than those often assumed in aggregate models.
Working Paper
, Paper 03-05
Working Paper
Uncertainty and sentiment-driven equilibria
Wen, Yi; Benhabib, Jess; Wang, Pengfei
(2013)
We construct a model to capture the Keynesian idea that production and employment decisions are based on expectations of aggregate demand driven by sentiments and that realized demand follows from the production and employment decisions of firms. We cast the Keynesian idea into a simple model with imperfect information about aggregate demand and we characterize the rational expectations equilibria of this model. We find that the equilibrium is not unique despite the absence of any non-convexities or strategic complementarity in the model. In addition to multiple fundamental equilibria, there ...
Working Papers
, Paper 2013-011
Working Paper
Rising indebtedness and temptation: a welfare analysis
Nakajima, Makoto
(2011)
Is the observed large increase in consumer indebtedness since 1970 beneficial for U.S. consumers? This paper quantitatively investigates the macroeconomic and welfare implications of relaxing borrowing constraints using a model with preferences featuring temptation and self-control. The model can capture two contrasting views: the positive view, which links increased indebtedness to financial innovation and thus better consumption smoothing, and the negative view, which is associated with consumers' over-borrowing. The author finds that the latter is sizable: the calibrated model implies a ...
Working Papers
, Paper 11-39
Working Paper
Generalizing the Taylor principle: comment
Zha, Tao; Waggoner, Daniel F.; Farmer, Roger E. A.
(2008)
Davig and Leeper (2007) have proposed a condition they call the generalized Taylor principle to rule out indeterminate equilibria in a version of the New Keynesian model, where the parameters of the policy rule follow a Markov-switching process. We show that although their condition rules out a subset of indeterminate equilibria, it does not establish uniqueness of the fundamental equilibrium. We discuss the differences between indeterminate fundamental equilibria included by Davig and Leeper's condition and fundamental equilibria that their condition misses.
FRB Atlanta Working Paper
, Paper 2008-19
Journal Article
Deflation and the Fisher equation
Gavin, William T.
(2010)
So, according to Irving Fisher, one reason to worry about deflation is that the federal funds rate is expected to be held near zero as the economy grows out of this recession.
Economic Synopses
Working Paper
Fighting against currency depreciation, macroeconomic instability and sudden stops
Zanna, Luis-Felipe
(2006)
In this paper we show that, in the aftermath of a currency crisis, a government that adjusts the nominal interest rate in response to domestic currency depreciation can induce aggregate instability in the economy by generating self-fulfilling endogenous cycles. We find that, if a government raises the interest rate proportionally more than an increase in currency depreciation, then it induces selffulfilling cycles that, driven by people?s expectations about depreciation, replicate several of the salient stylized facts of the ?Sudden Stop? phenomenon. These facts include a decline in domestic ...
International Finance Discussion Papers
, Paper 848
Working Paper
Imperfect competition and sunspots
Wen, Yi; Wang, Pengfei
(2006)
This paper shows that imperfect competition can be a rich source of sunspots equilibria and coordination failures. This is demonstrated in a dynamic general equilibrium model that has no major distortions except imperfect competition. In the absence of fundamental shocks, the model has a unique certainty (fundamental) equilibrium. But there is also a continuum of stochastic (sunspots) equilibria that are not mere randomizations over fundamental equilibria. Markup is always counter-cyclical in sunspots equilibria, which is consistent with empirical evidence. The paper provides a justification ...
Working Papers
, Paper 2006-015
FILTER BY year
FILTER BY Bank
Federal Reserve Bank of Atlanta 15 items
Federal Reserve Bank of New York 15 items
Board of Governors of the Federal Reserve System (U.S.) 14 items
Federal Reserve Bank of Richmond 14 items
Federal Reserve Bank of Minneapolis 11 items
Federal Reserve Bank of St. Louis 11 items
Federal Reserve Bank of Cleveland 6 items
Federal Reserve Bank of Kansas City 4 items
Federal Reserve Bank of Dallas 3 items
Federal Reserve Bank of Philadelphia 2 items
Federal Reserve Bank of San Francisco 2 items
show more (6)
show less
FILTER BY Series
FRB Atlanta Working Paper 15 items
Staff Reports 13 items
Working Papers 12 items
International Finance Discussion Papers 9 items
Staff Report 9 items
Working Paper 9 items
Working Papers (Old Series) 5 items
Finance and Economics Discussion Series 4 items
Economic Quarterly 3 items
Proceedings 3 items
Economic Review 2 items
Globalization Institute Working Papers 2 items
Proceedings - Economic Policy Symposium - Jackson Hole 2 items
Research Working Paper 2 items
Review 2 items
Annual Report 1 items
Economic Policy Review 1 items
Economic Synopses 1 items
Speech 1 items
Working Paper Series 1 items
show more (15)
show less
FILTER BY Content Type
Working Paper 59 items
Report 23 items
Journal Article 9 items
Conference Paper 5 items
Speech 1 items
FILTER BY Author
Ennis, Huberto M. 5 items
Wang, Pengfei 5 items
Wen, Yi 5 items
Bodenstein, Martin 4 items
Keister, Todd 4 items
King, Robert G. 4 items
Wolman, Alexander L. 4 items
Armenter, Roc 3 items
Khan, Aubhik 3 items
Thomas, Julia K. 3 items
Wallace, Neil 3 items
Zha, Tao 3 items
Benhabib, Jess 2 items
Bullard, James B. 2 items
Curdia, Vasco 2 items
Del Negro, Marco 2 items
Edge, Rochelle M. 2 items
Eggertsson, Gauti B. 2 items
Engel, Charles 2 items
Gavin, William T. 2 items
Geanakoplos, John 2 items
Honkapohja, Seppo 2 items
Huang, Kevin X. D. 2 items
Humphrey, Thomas M. 2 items
Ireland, Peter N. 2 items
Kades, Eric 2 items
Kehoe, Patrick J. 2 items
Kitao, Sagiri 2 items
Lawler, Thomas A. 2 items
Perri, Fabrizio 2 items
Prescott, Edward C. 2 items
Rocheteau, Guillaume 2 items
Rogers, John H. 2 items
Sargent, Thomas J. 2 items
Schorfheide, Frank 2 items
Wright, Randall 2 items
Zanna, Luis-Felipe 2 items
Airaudo, Marco 1 items
Altig, David E. 1 items
Andolfatto, David 1 items
Antinolfi, Gaetano 1 items
Armantier, Olivier 1 items
Arseneau, David M. 1 items
Azariadis, Costas 1 items
Bassetto, Marco 1 items
Bastani, Houtan 1 items
Bhattarai, Saroj 1 items
Brinkman, Jeffrey 1 items
Carlstrom, Charles T. 1 items
Carvalho, Carlos 1 items
Chang, Yongsung 1 items
Cho, In-Koo 1 items
Chugh, Sanjay K. 1 items
Coen-Pirani, Daniele 1 items
Cogley, Timothy 1 items
Cohen, Andrew M. 1 items
Cole, Harold L. 1 items
Copeland, Adam 1 items
Couper, Elise A. 1 items
Dennis, Richard 1 items
Dittmar, Robert 1 items
Dudley, William 1 items
Durdu, Ceyhun Bora 1 items
Eusepi, Stefano 1 items
Evans, George W. 1 items
Evans, Richard W. 1 items
Farmer, Roger E. A. 1 items
Finocchiaro, Daria 1 items
Fischer, Stanley 1 items
Guerrieri, Luca 1 items
Guzman, Mark G. 1 items
Haslag, Joseph H. 1 items
John, A. Andrew 1 items
Justiniano, Alejandro 1 items
Kiley, Michael T. 1 items
Kim, Sun-Bin 1 items
Kirsanova, Tatiana 1 items
Kocherlakota, Narayana R. 1 items
Laforte, Jean-Philippe 1 items
Lansing, Kevin J. 1 items
Lantz, Carl D. 1 items
Lee, Jae Won 1 items
Leeper, Eric M. 1 items
Liu, Zheng 1 items
Marcet, Albert 1 items
Martin, Antoine 1 items
Martin, Fernando M. 1 items
Martinez-Garcia, Enrique 1 items
Mehra, Rajnish 1 items
Mendoza, Enrique G. 1 items
Nakajima, Makoto 1 items
Nicolini, Juan Pablo 1 items
Nosal, Ed 1 items
Orphanides, Athanasios 1 items
Orrenius, Pia M. 1 items
Piguillem, Facundo 1 items
Prescott, Edward Simpson 1 items
Preston, Bruce 1 items
Primiceri, Giorgio E. 1 items
Pritsker, Matthew 1 items
Reis, Ricardo 1 items
Rudd, Jeremy B. 1 items
Rupert, Peter 1 items
Sahin, Aysegul 1 items
Sarte, Pierre-Daniel G. 1 items
Schoenle, Raphael 1 items
Schreft, Stacey L. 1 items
Shell, Karl 1 items
Sieg, Holger 1 items
Song, Joseph 1 items
Tambalotti, Andrea 1 items
Terrones, Marco E. 1 items
Townsend, Robert M. 1 items
Waggoner, Daniel F. 1 items
Werner, Jan 1 items
Wieland, Volker W. 1 items
Williams, John C. 1 items
Williams, Noah 1 items
anonymous 1 items
show more (114)
show less
FILTER BY Keywords
Equilibrium (Economics) 97 items
Monetary policy 31 items
Econometric models 20 items
Inflation (Finance) 15 items
Macroeconomics 14 items
Business cycles 13 items
Forecasting 7 items
Stochastic analysis 6 items
Money 4 items
Prices 4 items
Consumption (Economics) 3 items
Financial markets 3 items
Fiscal policy 3 items
Globalization 3 items
Interest rates 3 items
Uncertainty 3 items
Banks and banking 2 items
Bayesian statistical decision theory 2 items
Budget deficits 2 items
Competition 2 items
Employment 2 items
Federal Open Market Committee 2 items
Foreign exchange rates 2 items
Gross domestic product 2 items
International finance 2 items
Inventories 2 items
Labor supply 2 items
Liquidity (Economics) 2 items
Productivity 2 items
Rational expectations (Economic theory) 2 items
Tax incentives 2 items
Vector autoregression 2 items
Asia 1 items
Assets (Accounting) 1 items
Banks and banking, Central 1 items
Business cycles - Econometric models 1 items
Capital assets pricing model 1 items
Capital investments 1 items
China 1 items
Credit 1 items
Default (Finance) 1 items
Deflation (Finance) 1 items
Economic conditions 1 items
Economic forecasting 1 items
Economic indicators 1 items
Electronic commerce 1 items
Employment (Economic theory) 1 items
Estimation theory 1 items
Externalities (Economics) 1 items
Federal Reserve Bank of St. Louis 1 items
Federal Reserve System 1 items
Federal funds rate 1 items
Financial crises 1 items
Financial leverage 1 items
Financial market regulatory reform 1 items
Foreign exchange 1 items
Game theory 1 items
Government spending policy 1 items
Households - Economic aspects 1 items
Housing - Prices 1 items
Index numbers (Economics) 1 items
India 1 items
Intermediation (Finance) 1 items
International trade 1 items
Investments 1 items
Keynesian economics 1 items
Labor market 1 items
Mathematical models 1 items
Monetary policy - United States 1 items
Money - Mathematical models 1 items
Price levels 1 items
Public policy 1 items
Public welfare 1 items
Recessions 1 items
Risk 1 items
Saving and investment 1 items
Stock - Prices 1 items
Stock market 1 items
Subsidies 1 items
Swaps (Finance) 1 items
Tax rebates 1 items
Theory of the firm 1 items
Unemployment 1 items
Unemployment insurance 1 items
Urban economics 1 items
War - Economic aspects 1 items
Wealth 1 items
Welfare 1 items
time series analysis 1 items
show more (84)
show less