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Displaying results 1 to 3 of 3.

  1. Time-consistent implementation in macroeconomic games
    Author: Barthélémy, Jean; Mengus, Eric
    Published: 18 March 2022
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Mannheim
    Inter-library loan:
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17120
    Subjects: Implementation; Limited Commitment; Policy Rules
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  2. Opting out of the great inflation: German monetary policy after the break down of Bretton Woods
    Contributor: Beyer, Andreas (Mitwirkender); Gaspar, Vítor (Mitwirkender); Gerberding, Christina (Mitwirkender); Issing, Otmar (Mitwirkender)
    Published: 2009
    Publisher:  Univ.-Bibliothek Frankfurt am Main, Frankfurt am Main

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    Source: Union catalogues
    Contributor: Beyer, Andreas (Mitwirkender); Gaspar, Vítor (Mitwirkender); Gerberding, Christina (Mitwirkender); Issing, Otmar (Mitwirkender)
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2009,01
    Subjects: Geldpolitik; Geldmengensteuerung; Zinspolitik; Taylor-Regel; Inflationsbekämpfung; Geld; :z Geschichte; Münze; :z Geschichte 1975-1988; Deutschland; Deutsche Bundesbank; Geldpolitik; Geschichte 1970-1989
    Other subjects: (stw)1975-1988; (stw)Geldpolitik; (stw)Geldmengensteuerung; (stw)Zinspolitik; (stw)Taylor-Regel; (stw)Inflationsbekämpfung; (stw)Geldgeschichte; (stw)Deutschland; Inflation; Price Stability; Monetary Policy; Monetary Targeting; Policy Rules; Arbeitspapier; Graue Literatur
    Scope: Online-Ressource
  3. A new comparative approach to macroeconomic modeling and policy analysis
    Published: 2012
    Publisher:  Johann Wolfgang Goethe-Univ., Frankfurt am Main

    In the aftermath of the global financial crisis, the state of macroeconomicmodeling and the use of macroeconomic models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed for... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 464 (49)
    Inter-library loan:
    No inter-library loan

     

    In the aftermath of the global financial crisis, the state of macroeconomicmodeling and the use of macroeconomic models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed for relying too much on a particular class of macroeconomic models. This paper proposes a comparative approach to macroeconomic policy analysis that is open to competing modeling paradigms. Macroeconomic model comparison projects have helped produce some very influential insights such as the Taylor rule. However, they have been infrequent and costly, because they require the input of many teams of researchers and multiple meetings to obtain a limited set of comparative findings. This paper provides a new approach that enables individual researchers to conduct model comparisons easily, frequently, at low cost and on a large scale. Using this approach a model archive is built that includes many well-known empirically estimated models that may be used for quantitative analysis of monetary and fiscal stabilization policies. A computational platform is created that allows straightforward comparisons of models' implications. Its application is illustrated by comparing different monetary and fiscal policies across selected models. Researchers can easily include new models in the data base and compare the effects of novel extensions to established benchmarks thereby fostering a comparative instead of insular approach to model development.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/97763
    Series: Working paper series / Institute for Monetary and Financial Stability ; 49
    Subjects: MacroeconomicModels; Model Uncertainty; Policy Rules; Robustness; Monetary Policy; Fiscal Policy; Model Comparison
    Scope: Online-Resource ([2], 96 S.), Ill., graph. Darst.