Heterogeneity in macroeconomics and its implications for monetary policy:
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Main Author: | |
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Format: | Thesis/Dissertation Book |
Language: | English |
Published: |
Wiesbaden
Springer Gabler
2015
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Series: | Research
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Subjects: | |
Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027974161&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
Physical Description: | XVIII, 166 S. graph. Darst. 210 mm x 148 mm |
ISBN: | 3658097302 9783658097301 |
Staff View
MARC
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Record in the Search Index
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adam_text | CONTENTS
FOREWORD V
ACKNOWLEDGMENTS VII
ABSTRACT XIII
ZUSAMMENFASSUNG XIV
LIST OF FIGURES XV
LIST OF TABLES XVII
1 INTRODUCTION: HETEROGENEITY AND MACROECONOMICS 1
2 CAN MONETARY POLICY DELAY THE REALLOCATION OF CAPITAL? 7
ABSTRACT 7
2.1 INTRODUCTION 8
2.2 REVIEW OF RELATED LITERATURE 11
2.3 THE MODEL 13
2.3.1 HOUSEHOLDS 14
2.3.2 PRODUCTION 15
2.3.3 ZERO CUT-OFF PROFIT CONDITION 16
2.3.4 AGGREGATION 16
2.3.5 WELFARE ANALYSIS 19
2.4 THE LONG-RUN STEADY STATE 20
2.5 THE CENTRAL BANK 22
2.6 NUMERICAL SIMULATIONS 25
IX
HTTP://D-NB.INFO/1069302708
2.6.1 MONETARY POLICY WITH R* R 26
2.6.2 MONETARY POLICY WITH R* R 28
2.7 CONCLUSION 29
APPENDICES 31
2.A STRUCTURAL BREAKS IN THE US REAL INTEREST RATES 31
2.B PROOFS 32
2.B.1 PROOF OF PROPOSITION 1 32
2.B.2 PROOF OF PROPOSITION 2 37
2.B.3 PROOF OF PROPOSITION 4 38
2.C OPTIMIZATION BY THE SOCIAL PLANNER 40
3 BUSINESS CYCLES AND MONETARY POLICY WITH PRODUCTIVITY HET
EROGENEITY 43
ABSTRACT 43
3.1 INTRODUCTION 44
3.2 REVIEW OF RELATED LITERATURE 47
3.3 THE MODEL 49
3.3.1 INPUT GOOD PRODUCTION 50
3.3.2 INTERMEDIATE AND FINAL GOOD PRODUCTION 51
3.3.3 AGGREGATION 53
3.3.4 FREE ENTRY AND ZERO CUT-OFF PRODUCTIVITY CONDITION 54
3.3.5 TOTAL OUTPUT 57
3.3.6 HOUSEHOLDS AND PREFERENCES 57
3.3.7 WAGE SETTING AND LABOR SUPPLY 60
3.3.8 THE CENTRAL BANK 61
3.3.9 PARAMETRIZATION OF THE TECHNOLOGY DISTRIBUTION 62
3.3.10 EQUILIBRIUM AND MODEL DYNAMICS 62
3.4 MODEL ESTIMATIONS 63
3.4.1 CALIBRATION OF PARAMETERS 63
X
3.4.2 IMPULSE RESPONSES 66
3.4.3 SECOND MOMENTS 69
3.5 SOME NOTES ON MONETARY POLICY 71
3.6 CONCLUSION 73
APPENDICES 75
3.A. LINEARIZED MODEL 75
3.B OLS-REGRESSION FOR THE TAYLOR RULE 77
3.C IMPULSE RESPONSE FUNCTIONS FOLLOWING A MONETARY SHOCK 78
4 WHAT DETERMINES PRICE CHANGES AND THE DISTRIBUTION OF PRICES?
EVIDENCE FROM THE SWISS CPI. 79
ABSTRACT 79
4.1 INTRODUCTION 81
4.2 REVIEW OF RELATED LITERATURE 83
4.3 DATA DESCRIPTION AND DESCRIPTIVE STATISTICS 86
4.3.1 THE DATA 86
4.3.2 CONSTRUCTED VARIABLES 87
4.3.3 DESCRIPTIVE STATISTICS 89
4.4 ECONOMETRIC RESULTS 93
4.4.1 METHODOLOGY 93
4.4.2 PRICING AT THE EXTENSIVE MARGIN 94
4.4.3 PRICING AT THE INTENSIVE MARGIN 99
4.4.4 THE VAT 103
4.4.5 ENDOGENEITY ISSUES 104
4.4.6 ADDITIONAL ROBUSTNESS CHECKS 106
4.5 PRICE DISPERSION 107
4.6 CONCLUSION 110
APPENDICES 112
XI
4.A IV REGRESSIONS 112
4.B ADDITIONAL ROBUSTNESS CHECKS 121
4.B.1 REDUCED TIME FRAME 121
4.B.2 RESULTS WITH CENSORED DATA 127
4.B.3 ESTIMATIONS FOR SEPARATED PRODUCT GROUPS 132
BIBLIOGRAPHY 155
XII
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any_adam_object | 1 |
author | Schnell, Fabian 1984- |
author_GND | (DE-588)1089932189 |
author_facet | Schnell, Fabian 1984- |
author_role | aut |
author_sort | Schnell, Fabian 1984- |
author_variant | f s fs |
building | Verbundindex |
bvnumber | BV042540085 |
classification_rvk | QC 300 |
ctrlnum | (OCoLC)913021284 (DE-599)DNB1069302708 |
dewey-full | 330 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 330 - Economics |
dewey-raw | 330 |
dewey-search | 330 |
dewey-sort | 3330 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Thesis Book |
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indexdate | 2024-12-20T17:13:54Z |
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isbn | 3658097302 9783658097301 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027974161 |
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owner_facet | DE-M382 DE-945 DE-92 DE-355 DE-BY-UBR DE-188 |
physical | XVIII, 166 S. graph. Darst. 210 mm x 148 mm |
publishDate | 2015 |
publishDateSearch | 2015 |
publishDateSort | 2015 |
publisher | Springer Gabler |
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spellingShingle | Schnell, Fabian 1984- Heterogeneity in macroeconomics and its implications for monetary policy Wirtschaftswissenschaften (DE-588)4066528-8 gnd Preispolitik (DE-588)4047118-4 gnd Geldpolitik (DE-588)4019902-2 gnd Heterogenität (DE-588)4201275-2 gnd Makroökonomie (DE-588)4037174-8 gnd Kapitalproduktivität (DE-588)4487889-8 gnd Konjunktur (DE-588)4032125-3 gnd Strukturwandel (DE-588)4058136-6 gnd |
subject_GND | (DE-588)4066528-8 (DE-588)4047118-4 (DE-588)4019902-2 (DE-588)4201275-2 (DE-588)4037174-8 (DE-588)4487889-8 (DE-588)4032125-3 (DE-588)4058136-6 (DE-588)4113937-9 |
title | Heterogeneity in macroeconomics and its implications for monetary policy |
title_auth | Heterogeneity in macroeconomics and its implications for monetary policy |
title_exact_search | Heterogeneity in macroeconomics and its implications for monetary policy |
title_full | Heterogeneity in macroeconomics and its implications for monetary policy Fabian Schnell |
title_fullStr | Heterogeneity in macroeconomics and its implications for monetary policy Fabian Schnell |
title_full_unstemmed | Heterogeneity in macroeconomics and its implications for monetary policy Fabian Schnell |
title_short | Heterogeneity in macroeconomics and its implications for monetary policy |
title_sort | heterogeneity in macroeconomics and its implications for monetary policy |
topic | Wirtschaftswissenschaften (DE-588)4066528-8 gnd Preispolitik (DE-588)4047118-4 gnd Geldpolitik (DE-588)4019902-2 gnd Heterogenität (DE-588)4201275-2 gnd Makroökonomie (DE-588)4037174-8 gnd Kapitalproduktivität (DE-588)4487889-8 gnd Konjunktur (DE-588)4032125-3 gnd Strukturwandel (DE-588)4058136-6 gnd |
topic_facet | Wirtschaftswissenschaften Preispolitik Geldpolitik Heterogenität Makroökonomie Kapitalproduktivität Konjunktur Strukturwandel Hochschulschrift |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027974161&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
work_keys_str_mv | AT schnellfabian heterogeneityinmacroeconomicsanditsimplicationsformonetarypolicy |