A dynamic new Keynesian life-cycle model: societal aging, demographics and monetary policy
Gespeichert in:
| Beteiligte Personen: | , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Tokyo
IMES
2007
|
| Schriftenreihe: | Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan
2007,4 |
| Schlagwörter: | |
| Links: | http://www.imes.boj.or.jp/english/publication/edps/2007/07-E-04.pdf |
| Abstract: | "In this paper, we first construct a dynamic new Keynesian model that incorporates life-cycle behavior a la Gertler (1999), in order to study whether structural shocks to the economy have asymmetric effects on heterogeneous agents, namely workers and retirees. We also examine whether considerations of life-cycle and demographic structure alter the dynamic properties of the monetary business cycle model, specifically the degree of amplification in impulse responses. According to our simulation results, shocks indeed have asymmetric impacts on different households and the demographic structure does alter the size of responses against shocks by changing the degree of the trade-off between substitution and income effects."--Authors' abstract |
| Umfang: | 30 S. graph. Darst. |
Internformat
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| 490 | 1 | |a Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan |v 2007,4 | |
| 520 | 3 | |a "In this paper, we first construct a dynamic new Keynesian model that incorporates life-cycle behavior a la Gertler (1999), in order to study whether structural shocks to the economy have asymmetric effects on heterogeneous agents, namely workers and retirees. We also examine whether considerations of life-cycle and demographic structure alter the dynamic properties of the monetary business cycle model, specifically the degree of amplification in impulse responses. According to our simulation results, shocks indeed have asymmetric impacts on different households and the demographic structure does alter the size of responses against shocks by changing the degree of the trade-off between substitution and income effects."--Authors' abstract | |
| 650 | 4 | |a Heterogenous Agents; Life-Cycle; New Keynesian Model | |
| 650 | 4 | |a Gesellschaft | |
| 650 | 4 | |a Ökonometrisches Modell | |
| 650 | 4 | |a Monetary policy |x Social aspects |x Econometric models | |
| 650 | 4 | |a Population aging |x Economic aspects |x Econometric models | |
| 650 | 4 | |a Structural adjustment (Economic policy) |x Econometric models | |
| 700 | 1 | |a Teranishi, Yuki |e Verfasser |0 (DE-588)130042870 |4 aut | |
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Datensatz im Suchindex
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| author | Fujiwara, Ippei Teranishi, Yuki |
| author_GND | (DE-588)13004279X (DE-588)130042870 |
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| id | DE-604.BV023107567 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T13:08:48Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016310221 |
| oclc_num | 123908327 |
| open_access_boolean | 1 |
| owner | DE-355 DE-BY-UBR DE-188 |
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| physical | 30 S. graph. Darst. |
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| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | IMES |
| record_format | marc |
| series2 | Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan |
| spelling | Fujiwara, Ippei Verfasser (DE-588)13004279X aut A dynamic new Keynesian life-cycle model societal aging, demographics and monetary policy Ippei Fujiwara and Yuki Teranishi Tokyo IMES 2007 30 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Discussion paper series / Institute for Monetary and Economic Studies, Bank of Japan 2007,4 "In this paper, we first construct a dynamic new Keynesian model that incorporates life-cycle behavior a la Gertler (1999), in order to study whether structural shocks to the economy have asymmetric effects on heterogeneous agents, namely workers and retirees. We also examine whether considerations of life-cycle and demographic structure alter the dynamic properties of the monetary business cycle model, specifically the degree of amplification in impulse responses. According to our simulation results, shocks indeed have asymmetric impacts on different households and the demographic structure does alter the size of responses against shocks by changing the degree of the trade-off between substitution and income effects."--Authors' abstract Heterogenous Agents; Life-Cycle; New Keynesian Model Gesellschaft Ökonometrisches Modell Monetary policy Social aspects Econometric models Population aging Economic aspects Econometric models Structural adjustment (Economic policy) Econometric models Teranishi, Yuki Verfasser (DE-588)130042870 aut Institute for Monetary and Economic Studies, Bank of Japan Discussion paper series 2007,4 (DE-604)BV010647223 2007,4 http://www.imes.boj.or.jp/english/publication/edps/2007/07-E-04.pdf Verlag kostenfrei Volltext |
| spellingShingle | Fujiwara, Ippei Teranishi, Yuki A dynamic new Keynesian life-cycle model societal aging, demographics and monetary policy Heterogenous Agents; Life-Cycle; New Keynesian Model Gesellschaft Ökonometrisches Modell Monetary policy Social aspects Econometric models Population aging Economic aspects Econometric models Structural adjustment (Economic policy) Econometric models |
| title | A dynamic new Keynesian life-cycle model societal aging, demographics and monetary policy |
| title_auth | A dynamic new Keynesian life-cycle model societal aging, demographics and monetary policy |
| title_exact_search | A dynamic new Keynesian life-cycle model societal aging, demographics and monetary policy |
| title_full | A dynamic new Keynesian life-cycle model societal aging, demographics and monetary policy Ippei Fujiwara and Yuki Teranishi |
| title_fullStr | A dynamic new Keynesian life-cycle model societal aging, demographics and monetary policy Ippei Fujiwara and Yuki Teranishi |
| title_full_unstemmed | A dynamic new Keynesian life-cycle model societal aging, demographics and monetary policy Ippei Fujiwara and Yuki Teranishi |
| title_short | A dynamic new Keynesian life-cycle model |
| title_sort | a dynamic new keynesian life cycle model societal aging demographics and monetary policy |
| title_sub | societal aging, demographics and monetary policy |
| topic | Heterogenous Agents; Life-Cycle; New Keynesian Model Gesellschaft Ökonometrisches Modell Monetary policy Social aspects Econometric models Population aging Economic aspects Econometric models Structural adjustment (Economic policy) Econometric models |
| topic_facet | Heterogenous Agents; Life-Cycle; New Keynesian Model Gesellschaft Ökonometrisches Modell Monetary policy Social aspects Econometric models Population aging Economic aspects Econometric models Structural adjustment (Economic policy) Econometric models |
| url | http://www.imes.boj.or.jp/english/publication/edps/2007/07-E-04.pdf |
| volume_link | (DE-604)BV010647223 |
| work_keys_str_mv | AT fujiwaraippei adynamicnewkeynesianlifecyclemodelsocietalagingdemographicsandmonetarypolicy AT teranishiyuki adynamicnewkeynesianlifecyclemodelsocietalagingdemographicsandmonetarypolicy |