Author: Ryan Douglas EdwardsPublisher:
ISBN:
Category :
Languages : en
Pages : 352
Book Description
Three Essays on Heterogeneity in Macroeconomics
Author: Ryan Douglas EdwardsPublisher:
ISBN:
Category :
Languages : en
Pages : 352
Book Description
Three Essays on Macroeconomics
Author: Charles S. WassellNBER Macroeconomics Annual 2017
Author: Martin EichenbaumPublisher: University of Chicago Press Journals
ISBN: 9780226577661
Category : Business & Economics
Languages : en
Pages : 0
Book Description
Volume 32 of the NBER Macroeconomics Annual features six theoretical and empirical studies of important issues in contemporary macroeconomics, and a keynote address by former IMF chief economist Olivier Blanchard. In one study, SeHyoun Ahn, Greg Kaplan, Benjamin Moll, Thomas Winberry, and Christian Wolf examine the dynamics of consumption expenditures in non-representative-agent macroeconomic models. In another, John Cochrane asks which macro models most naturally explain the post-financial-crisis macroeconomic environment, which is characterized by the co-existence of low and nonvolatile inflation rates, near-zero short-term interest rates, and an explosion in monetary aggregates. Manuel Adelino, Antoinette Schoar, and Felipe Severino examine the causes of the lending boom that precipitated the recent U.S. financial crisis and Great Recession. Steven Durlauf and Ananth Seshadri investigate whether increases in income inequality cause lower levels of economic mobility and opportunity. Charles Manski explores the formation of expectations, considering the efficacy of directly measuring beliefs through surveys as an alternative to making the assumption of rational expectations. In the final research paper, Efraim Benmelech and Nittai Bergman analyze the sharp declines in debt issuance and the evaporation of market liquidity that coincide with most financial crises. Blanchard’s keynote address discusses which distortions are central to understanding short-run macroeconomic fluctuations.
Journal of Economic Literature
Author: Three Essays on Empirical Macroeconomics
Author: Christopher C. DouglasPublisher:
ISBN:
Category : Banks and banking, Central
Languages : en
Pages : 390
Book Description
Three Essays on Time Series Macroeconomics
Author: Pedro H. AlbuquerquePublisher:
ISBN:
Category :
Languages : en
Pages : 160
Book Description
Three Essays in Applied Economics
Author: Artur MinkinThree Essays on Empirical Macroeconomics
Author: Chung-Eun LeeThree Essays in International Macroeconomics
Author: Mahir BiniciAsset Prices and Monetary Policy
Author: John Y. CampbellPublisher: University of Chicago Press
ISBN: 0226092127
Category : Business & Economics
Languages : en
Pages : 444
Book Description
Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.