Zobrazeno 1 - 10
of 24
pro vyhledávání: '"Florin Ovidiu Bilbiie"'
Autor:
Florin Ovidiu Bilbiie
Publikováno v:
The Review of Economics and Statistics. 103:492-504
Monetary policy is neutral even with fixed prices if free entry determines product variety optimally, as in Dixit and Stiglitz (1977). Entry substitutes for price flexibility in the welfare-based price index when individual prices are sticky. In resp
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4f6c8abc8fd98d2c93e2859f328bf685
https://doi.org/10.1162/rest_a_00898
https://doi.org/10.1162/rest_a_00898
Publikováno v:
Journal of Economic Perspectives. 35:77-100
We discuss the main fiscal policy issues in Europe, focusing on two that are at the core of the current debate. The first is that the government deficit and debt were, from the outset, the key objects of contention in the debate that led to the creat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::853fa67ad2726285552213cb3d6d4b7f
https://doi.org/10.1257/jep.35.2.77
https://doi.org/10.1257/jep.35.2.77
Autor:
Florin Ovidiu Bilbiie
Publikováno v:
Journal of Monetary Economics. 114:90-108
The New Keynesian (NK) cross is a graphical and analytical apparatus for heterogeneous-agent (HANK) models expressing key aggregate demand objects—MPC and multipliers—as functions of heterogeneity parameters. It affords analytical insights into m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::04a302192b68a14f4eb3b9e5da101da4
https://doi.org/10.1016/j.jmoneco.2019.03.003
https://doi.org/10.1016/j.jmoneco.2019.03.003
Autor:
Florin Ovidiu Bilbiie
Publikováno v:
American Economic Journal: Macroeconomics. 11:310-345
Optimal forward guidance is the simple policy of keeping interest rates low for some optimally determined number of periods after the liquidity trap ends and moving to normal-times optimal policy thereafter. I solve for the optimal duration in closed
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d5cf2beb97ab908d18b57c9c9c4c253f
https://doi.org/10.1257/mac.20170335
https://doi.org/10.1257/mac.20170335
Autor:
Marc J. Melitz, Florin Ovidiu Bilbiie
Due to its impact on nominal firm profits, price rigidity amplifies the response of entry and exit to adverse supply shocks, such as COVID-19. This “entry-exit multiplier” triggers substantial magnification of the welfare losses due to negative s
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::acd4ee7d32ffeb3f2d0f893bad1be294
https://doi.org/10.3386/w28258
https://doi.org/10.3386/w28258
We discuss the main fiscal policy issues in the Eurozone. Our goal is pedagogical: we do not make any new proposal, but try to represent fairly the various sides of the debate. We focus on two issues that are at the core of the current debate. The fi
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::011dbc196a2735b857469b0b044f4eb2
https://doi.org/10.3386/w28117
https://doi.org/10.3386/w28117
We build a medium-scale DSGE model and calibrate it to fit the main macroeconomic variables during the US Great Recession. Using it to evaluate the welfare effects of increasing government consumption at the zero lower bound beyond what was actually
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2ab61160a95684ed67712a3973a9a401
http://hdl.handle.net/11565/4013819
http://hdl.handle.net/11565/4013819
Autor:
Florin Ovidiu Bilbiie
Publikováno v:
Journal of Economic Theory. 181:421-422
This paper incorporates limited asset markets participation in dynamic general equilibrium and develops a simple analytical framework for monetary policy analysis. Aggregate dynamics and stability properties of an otherwise standard business cycle mo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f17f26543ae93e1950e1bd5c182f18f5
https://doi.org/10.1016/j.jet.2019.03.008
https://doi.org/10.1016/j.jet.2019.03.008
Autor:
Roland Straub, Florin Ovidiu Bilbiie
Publikováno v:
Journal of Economic Dynamics and Control
Journal of Economic Dynamics and Control, Elsevier, 2012, 36 (11), pp.1659-1672. ⟨10.1016/j.jedc.2012.03.018⟩
Journal of Economic Dynamics and Control, Elsevier, 2012, 36 (11), pp.1659-1672. ⟨10.1016/j.jedc.2012.03.018⟩
Forthcoming, Journal of Economic Dynamics and Control; International audience; Recent estimates of the output Euler equation for the United States indicate that the elasticity of aggregate demand to interest rates is not significantly different from
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::6d8ffe3a4b4df4509ec76e4769b365d0
https://doi.org/10.1016/j.jedc.2012.03.018
https://doi.org/10.1016/j.jedc.2012.03.018
Autor:
Florin Ovidiu Bilbiie
Publikováno v:
Journal of Economic Dynamics and Control
Journal of Economic Dynamics and Control, Elsevier, 2014, 48, pp.63-78. ⟨10.1016/j.jedc.2014.08.019⟩
Journal of Economic Dynamics and Control, Elsevier, 2014, 48, pp.63-78. ⟨10.1016/j.jedc.2014.08.019⟩
International audience; In a forward-looking business cycle model, central banks can achieve the (timeless)optimal commitment equilibrium even in the absence of a commitment technology, if they are delegated with an objective function that is differe
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0a42345db3340120aa0e6b56fe372544
https://hal.archives-ouvertes.fr/hal-01162224
https://hal.archives-ouvertes.fr/hal-01162224