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Finance and Economics Discussion Series

Name: Finance and Economics Discussion Series
Brand: Bibliogov
SKU: 08274114
Price: 13.79 EUR
Availability: InStock
Author: Rochelle M Edge
ISBN: 9781288708871

Natural Rate Measures in an Estimated Dsge Model of the U.S. Economy

Rochelle M Edge

Lingua

Inglese

Libro In brossura

Codice Libristo: 08274114

Casa editrice Bibliogov, febbraio 2013

This paper presents a monetary DSGE model of the U.S. economy. The model captures the most important... Descrizione completa

Codice Libristo: 08274114

34 b

13.79 €

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This paper presents a monetary DSGE model of the U.S. economy. The model captures the most important production, expenditure, and nominal-contracting decisions underlying economic data while remaining sufficiently small to allow it to provide a clear interpretation of the data. We emphasize the role of model-based analyses as vehicles for storytelling by providing several examples--based around the evolution of natural rates of production and interest--of how our model can provide narratives to explain recent macroeconomic fluctuations. The stories obtained from our model are both similar to and quite different from conventional accounts.