Sökning: "New Keynesian DSGE"

Visar resultat 1 - 5 av 8 uppsatser innehållade orden New Keynesian DSGE.

  1. 1. Nominal GDP Targeting in Sweden - A New Keynesian DSGE Model Approach

    Master-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Henric Nicklasson; [2021]
    Nyckelord :NGDP; NGDP Targeting; DSGE; Monetary Policy; Sweden; Business and Economics;

    Sammanfattning : Since the end of the Great Moderation, there has been a great surge in studies proposing alternatives to the current dominant monetary policy regime of inflation targeting. One popular such alternative has become NGDP targeting. LÄS MER

  3. 2. A Financial Market Segmented New-Keynesian Macro Model

    Master-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Erik Hjort; [2020]
    Nyckelord :Monetary Policy; Financial Market Segmentation; Credit Conditions; QE; IS Curve; Business and Economics;

    Sammanfattning : This essay complements the monetary literature by estimation and simulation of a New-Keynesian macro model featuring financial market frictions and long bond portfolio policy. The model is an extended version of the canonical three-equation New-Keynesian model with segmented financial markets distinguishing the short-term money market from the long-term bond market. LÄS MER

  4. 3. Macroprudential regulation of borrowing standards: a comparative analysis of loan-to-value and loan-to-income policies.

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomi; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Sante Carbone; Oona Hakala; [2019]
    Nyckelord :Consumer Debt; Crisis; Housing; Housing Finance; Bayesian;

    Sammanfattning : Starting from the Two-Agents New-Keynesian DSGE framework presented by Iacoviello and Neri (2010), we re-write the model allowing for a loan-to-income (LTI) constraint in place of a loan-to-value (LTV) constraint. We derive a balanced growth path equilibrium for our model and compare steady-state results as well as dynamic responses to a rich set of shocks between the two macroprudential regulations. LÄS MER

  5. 4. A Study of a New-Keynesian DSGE Macro Model: Estimates, Shocks, and Optimal Monetary Policy

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Erik Hjort; [2019]
    Nyckelord :New-Keynesian Economics; Rational Expectations; Monetary Policy; Aggregate Shocks; Small-scale DSGE Model; Business and Economics;

    Sammanfattning : This paper estimates and simulates a New-Keynesian small-scale DSGE macro model. The model consists of the hybrid forms of the Phillips curve and the IS curve, and is closed with a Taylor-type feedback rule allowing partial adjustment of the monetary policy instrument. LÄS MER

  7. 5. Optimal Monetary Policy, Macroprudential Instruments, and the Credit Cycle

    Master-uppsats, Uppsala universitet/Nationalekonomiska institutionen

    Författare :Camilo Marchesini; [2019]
    Nyckelord :Monetary policy; macroprudential regulation; banking; financial frictions;

    Sammanfattning : I study optimal monetary and macroprudential policies in a New Keynesian DSGE framework with leverageconstrainedbanks. In particular, I assess the desirability of alternative operational policy rules when theeconomy is hit by mortgage default shocks and show that their implications for inflation dynamics and policytrade-offs depend on whether the shocks originate in the household sector or in the entrepreneurial sector ofthe economy. LÄS MER