 | Endogenous Growth, Downward Wage Rigidities and Optimal Inflation Author/Editor: Mirko Abbritti, Agostino Consolo, Sebastian Weber. Release Date:August, 2021 Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a more...
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| Market Regulation, Cycles and Growth in a Monetary Union Author/Editor: Mirko Abbritti, Sebastian Weber. Release Date:June, 2019 We build a two-country currency union DSGE model with endogenous growth to assess the role of cross-country differences in product and labor market regulations for long-term growth and for the more...
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| Global Factors in the Term Structure of Interest Rates Author/Editor: Mirko Abbritti, Salvatore Dell'Erba, Antonio Moreno, Sergio Sola. Release Date:November, 2013 This paper introduces global factors within a FAVAR framework in an empirical affine term structure model. We apply our method to a panel of international yield curves and show that global factors more...
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