Zobrazeno 1 - 10
of 19
pro vyhledávání: '"Behzad T. Diba"'
Autor:
Behzad T. Diba, Olivier Loisel
Publikováno v:
SSRN Electronic Journal.
We develop a model of monetary policy with a small departure from the basic New Keynesian (NK) model. In this model, the central bank can set the interest rate on bank reserves and the nominal stock of bank reserves independently, because these reser
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4579d46ecdebe6cbb2eb8f621ecafa1c
https://doi.org/10.2139/ssrn.2917961
https://doi.org/10.2139/ssrn.2917961
The main goal of this paper is to estimate to what extent the federal government of the United States insures member states against regional income shocks. We find that a one dollar reduction in a region's per capita personal income triggers a decrea
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::542815599bde9ad3e7a8bae1e3f035ba
https://doi.org/10.1017/cbo9780511895876.008
https://doi.org/10.1017/cbo9780511895876.008
Publikováno v:
Canzoneri, Matthew; Collard, Fabrice; Dellas, Harris; Diba, Behzad (May 2012). Fiscal Multipliers in Recessions (Discussion Papers 12-04). Bern: Department of Economics
The Great Recession, and the fiscal response to it, has revived interest in the size of fiscal multipliers. Standard business cycle models have difficulties generating multipliers greater than one. And they also cannot produce any significant state-d
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ebf9822f99791b863aff1912b87fcd05
https://hdl.handle.net/10419/76749
https://hdl.handle.net/10419/76749
Publikováno v:
SSRN Electronic Journal.
This paper incorporates banks as well as frictions in the market for bank capital into a standard New Keynesian model and considers the positive and normative implications of various financial shocks. It shows that the frictions matter significantly
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c120c9be8989e16becb04c7f3dfec96f
https://doi.org/10.2139/ssrn.1619224
https://doi.org/10.2139/ssrn.1619224
Formation of the Euro area raises new questions about the coordination of monetary and fiscal policy. Using a New Neoclassical Synthesis (NNS) model, we show that a common monetary policy, responding to area-wide aggregates, has asymmetric effects on
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::29fabcdfa5fa36d5790cce72117a586e
http://www.nber.org/papers/w11055.pdf
http://www.nber.org/papers/w11055.pdf
We calculate the welfare cost of nominal inertia in a New Neoclassical Synthesis model with wage and price stickiness, capital formation, and empirically estimated rules for government spending and the cental bank's interest rate policy. We calibrate
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::c8c050bce11c3fd33ba1cf9e65740434
http://www.nber.org/papers/w10889.pdf
http://www.nber.org/papers/w10889.pdf
Autor:
Behzad T. Diba, Herschel I. Grossman
Publikováno v:
The Economic Journal. 98(392):746-54
Free disposal of equity, which directly rules out the existence of negative rational bubbles in stock pric es, also imposes theoretical restrictions on the possible existence o f positive rational bubbles. The analysis in this paper shows that a posi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::fba4f5379eb73ce81627bcca3cc48064
Autor:
Behzad T. Diba, Herschel I. Grossman
The solution to a linear model in which supply and/or demand depends on rational expectations of future prices can involve three parts, which we denote as the fundamental component, the deterministic bubble component, and the stochastic bubble compon
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::a93baa1d01fb10ae89b0575e795f306a
http://www.nber.org/papers/w1059.pdf
http://www.nber.org/papers/w1059.pdf