 | Monetary Policy and Exchange Rate Dynamics in a Behavioral Open Economy Model Author/Editor: Marcin Kolasa, Sahil Ravgotra, Pawel Zabczyk. Release Date:June, 2022 We develop an extension of the open economy New Keynesian model in which agents are boundedly rational à la Gabaix (2020). Our setup nests rational expectations (RE) as a special case and it can more...
| Price: $20.00
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| A Quantitative Microfounded Model for the Integrated Policy Framework Author/Editor: Tobias Adrian, Christopher J Erceg, Marcin Kolasa, Jesper Lindé, Pawel Zabczyk. Release Date:December, 2021 We develop a microfounded New Keynesian model to analyze monetary policy and financial stability issues in open economies with financial fragilities and weakly anchored inflation expectations. We more...
| Price: $5.00
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| Monetary and Macroprudential Policy with Endogenous Risk Author/Editor: Tobias Adrian, Fernando Duarte, Nellie Liang, Pawel Zabczyk. Release Date:November, 2020 We extend the New Keynesian (NK) model to include endogenous risk. Lower interest rates not only shift consumption intertemporally but also conditional output risk via their impact on risk-taking, more...
| Price: $18.00
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| A Quantitative Model for the Integrated Policy Framework Author/Editor: Tobias Adrian, Christopher J Erceg, Jesper Lindé, Pawel Zabczyk, Jianping Zhou. Release Date:July, 2020 Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on more...
| Price: $18.00
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| A Requiem for the Fiscal Theory of the Price Level Author/Editor: Roger Farmer, Pawel Zabczyk. Release Date:October, 2019 The Fiscal Theory of the Price Level (FTPL) is the claim that, in a popular class of theoretical models, the price level is sometimes determined by fiscal policy rather than monetary policy. The more...
| Price: $18.00
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