Zobrazeno 1 - 10
of 192
pro vyhledávání: '"Ascari, Guido"'
Standard rational expectations models with an occasionally binding zero lower bound constraint either admit no solutions (incoherence) or multiple solutions (incompleteness). This paper shows that deviations from full-information rational expectation
Externí odkaz:
http://arxiv.org/abs/2208.02073
Is the typical specification of the Euler equation for investment employed in DSGE models consistent with aggregate macro data? Using state-of-the-art econometric methods that are robust to weak instruments and exploit information in possible structu
Externí odkaz:
http://arxiv.org/abs/2107.08713
Publikováno v:
In Journal of International Money and Finance April 2024 142
Autor:
Ascari, Guido a, b, c, d, ⁎, Fosso, Luca e
Publikováno v:
In Journal of International Economics March 2024 148
The adoption of a "makeup" strategy is one of the proposals in the ongoing review of the Fed's monetary policy framework. Another suggestion, to avoid the zero lower bound, is a more active role for fiscal policy. We put together these ideas to study
Externí odkaz:
http://arxiv.org/abs/2010.14979
Publikováno v:
Journal of Economic Dynamics and Control,Volume 132, November 2021, 104204
We study the effects on economic activity of a pure temporary change in government debt and the relationship between the debt multiplier and the level of debt in an overlapping generations framework. The debt multiplier is positive but quite small du
Externí odkaz:
http://arxiv.org/abs/2010.15165
Autor:
Ascari, Guido, Mavroeidis, Sophocles
Structural models with no solution are incoherent, and those with multiple solutions are incomplete. We show that models with occasionally binding constraints are not generically coherent. Coherency requires restrictions on the parameters or on the s
Externí odkaz:
http://arxiv.org/abs/2006.12966
Autor:
ALBONICO, ALICE (AUTHOR) alice.albonico@unimib.it, ASCARI, GUIDO (AUTHOR), HAQUE, QAZI (AUTHOR)
Publikováno v:
Journal of Money, Credit & Banking (John Wiley & Sons, Inc.). Jun2024, Vol. 56 Issue 4, p769-804. 36p.
Publikováno v:
In Journal of Economic Theory December 2023 214
Publikováno v:
In Journal of Monetary Economics November 2023 140 Supplement:S48-S63