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pro vyhledávání: '"Katharine S. Neiss"'
Publikováno v:
Oxford Bulletin of Economics and Statistics. 69:245-269
This paper derives series for capital utilization, labour effort and total factor productivity (TFP) for the UK from a general equilibrium model with variable utilization and labour adjustment costs. Capital utilization tracks survey‐based measures
Autor:
Katharine S. Neiss, Edward Nelson
Publikováno v:
Journal of Money, Credit, and Banking. 37:1019-1045
Recent studies have argued that the New Keynesian Phillips curve (Calvo pricing model) is empirically valid, provided that real marginal cost rather than detrended output is used as the variable driving inflation. One interpretation of this result is
Autor:
Katharine S. Neiss, Evi Pappa
Publikováno v:
Review of Economic Dynamics. 8(1):231-255
We study the propagation of monetary shocks in a sticky price model with capital utilization and labor effort. Variable factor utilization enriches the propagation mechanism of monetary shocks by reducing the sensitivity of marginal costs to changes
Autor:
Katharine S. Neiss, Edward Nelson
Publikováno v:
Macroeconomic Dynamics. 7:239-262
A long-standing area of research and policy interest is the construction of a measure of monetary policy stance. One measure that has been proposed, as an alternative to indices that employ monetary aggregates or exchange rates, is the spread between
Autor:
Katharine S. Neiss
Publikováno v:
Canadian Journal of Economics. 34:570-587
In this paper we evaluate the dynamic inconsistency argument put forth by Kydland and Prescott (1977) and Barro and Gordon (1983) as an explanation for differences in the average inflation experience across OECD countries. The focus is on the empiric
Autor:
Evi Pappa, Katharine S. Neiss
Publikováno v:
SSRN Electronic Journal.
We investigate the propagation mechanism of monetary shocks in an otherwise standard sticky price model, modified to incorporate factor hoarding in the form of variable capital utilisation rates and labour effort. In contrast to previous studies, we
Autor:
Katharine S. Neiss
Publikováno v:
Journal of Money, Credit and Banking. 31:357
This paper extends the Barro and Gordon (1983) model to a general equilibrium framework in which the costs and benefits to surprise inflation reflect the preferences, technology, and market structure of the economy. The benefit of such an approach is
Autor:
Katharine S Neiss, Evi Pappa
The propagation mechanism of monetary shocks in an otherwise standard sticky-price model is examined, modified to incorporate factor hoarding in the form of variable capital utilisation rates and labour effort. In contrast to previous studies, it is
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::fd531e35e93844b4980e21199eeb402f
In this paper series are derived for capital utilisation, labour effort and total factor productivity (TFP) from a general equilibrium model with variable factor utilisation and labour adjustment costs. Impulse responses from the model show that firm
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a497760ef717d2740b4f79a4d12a3472