Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 53 for “"New Keynesian"”.
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Endogenous Shocks in the New Keynesian Model
The New Keynesian literature has recently devoted considerable attention to endogenous shocks to the Phillips curve. One reason for such scrutiny is their ability to generate a meaningful tradeoff between inflation and the output gap without resorting to ad hoc exogenous shocks. Chapter 1 surveys …
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Essays on New Keynesian Term Premium Model with Financial Risks
… Treasury (UST) yield curve term premia under the New Keynesian (NK) framework. Loosely speaking, term premium is the difference between a government bond’s yield for a specific tenor and the average of the expected short rates up to that tenor. The dissertation is divided into three chapters. The …
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Mandates for Monetary and Macro-Prudential Policy in a New Keynesian Behavioural Framework
Cotutelle Promotion der Universität Bielefeld und der University of Surrey, FASS School of Economics
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Empirical study of new Keynesian model using cointegrated VAR : what New Zealand data tell us
… This thesis looks in particular at evaluating Neokeynesian model (NKM) with respect to its conformity with the data. Among the available econometric techniques, this thesis investigates what cointegrated VAR can illuminate about how close the NKM gets to the data. This project closely follow the …
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A Re-Examination Of Money And Business Cycles
… policy research. Generally speaking, the basic New Keynesian model is the standard framework for analysis. This framework uses optimizing agents and firms to generate a dynamic, rational expectations model analogous to traditional IS-LM analysis in which the LM curve has been replaced with a …
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Essays in monetary and fiscal policy
This thesis is composed by four chapters on New Keynesian macroeconomics. Chapter 1 develops a small New Keynesian model augmented with a steady state level of public debt and a share of rule-of-thumb consumers (ROTC henceforth) as in Galí et al. (2004; 2007). This chapter focuses on the …
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Essays on Monetary Theory
… state. This paper finds the steady state for a New Keynesian central bank who has both a transitory and a persistent preference shock. Under discretion, the private sector's expected inflation is positive and persistent, limiting the ability of the central bank to achieve its output target. In …
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The Modern U.S. Federal Reserve: To What Extent is Transparency Counterproductive and Politicizing?
… of significant changes in the application of Keynesian theories. As a result, this thesis defines modern transparency at the Federal Reserve, including its benefits and potential drawbacks, by connecting the changes in policies and procedures over the last quarter century - and by showing the …
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Essays in Monetary and Macroprudential Policies
… Using a medium scale general equilibrium New Keynesian business cycle model with macroprudential policy and news shocks I study the effectiveness of various combinations of the monetary and macroprudential policies. I incorporate defaults both in the banking sector and households. The …
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Inflation and unemployment in the South African democratic era: is there any trade-off
… applicability of both the Phillips Curve and the New Keynesian Phillips Curve to determine whether these macroeconomic theories can be adopted in the fight against these economic issues facing South Africa. The Autoregressive Distributed Lag modelling technique is adopted by this study, where …
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A macroeconomic analysis of sectoral price movements in the United States
… by which to judge competing versions of the New Keynesian, New Classical, and Real Business Cycle theories.
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Three Essays on Monetary Policy Rules
… aspects of monetary policy rules using the New-Keynesian model. Chapter one discuss monetary policy rules that best achieves the goal of the inflation targeting framework, namely, price stability and output gap stabilization. Previous literature suggests that domestic inflation targeting is …
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Sovereign illiquidity and recessions
… the importance of sovereign debt liquidity in a New Keynesian environment with wage rigidities and nancial frictions a la Kiyotaki and Moore (2012). My main ndings imply that, independently of credit risk, a decrease in the liquidity of government bonds has signi cant detrimental e ects on …
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Essays on monetary policy, institutions and terms of trade shocks in emerging market economies
… terms of trade shocks using a multi-sector New Keynesian dynamic stochastic general equilibrium (DSGE) model. Finally, the third essay empirically analyses the responses of different monetary policy regimes to commodity terms of trade shocks in emerging market economies.
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Essays on the Monetary Policy Transmission Mechanism
… The first chapter, Credit Constraints in a New Keynesian Framework: A Simple Theoretical Analysis, studies how financial frictions alter equilibrium outcomes. I show that collateral borrowing constraints have general equilibrium effects that operate via four channels; borrowers' collateral …
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ESSAYS ON MONETARY ECONOMICS
… demands. Chapter 1 tests the forward-looking New Keynesian Phillips curve using a novel panel data set for the 50 U.S. states from year 1977 to 2005. Consistent with Gali and Gertler (1999), our results support a linkage between inflation and real unit labor cost, and reject a linkage between …
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Essays on optimal monetary policy under rule-of-thumb behaviour by price setters
… policy. We start with a canonical log-linearised New Keynesian model, which we extend by allowing a fraction of price setters to follow a rule-of-thumb when setting a new price. We consider different specifications for the rule-of-thumb. In all models, steady-state distortions are assumed to be …
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Essays on redistributive fiscal policies and macroeconomics
… of such policies. I construct a continuous-time New Keynesian model with heterogeneous overlapping generations which allows for arbitrary MPC heterogeneity. I characterize the output multipliers of fiscal transfers, and show that the role of MPCs is mainly to determine the timing of the fiscal …
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ESSAYS ON MONETARY POLICY
… aspects of the optimal monetary policy in a New Keynesian model with search and matching frictions.
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Fiscal and Monetary Policies and Stock Market
… rule to destabilize asset markets in the New Keynesian model. They show that money authority responds to future productivity news shock in the wrong way by using inflation forecasting targeting rule. In the first part of this study, I identify the stock market booms in the United States …
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