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pro vyhledávání: '"Lieberknecht, Philipp"'
Autor:
Boehl, Gregor, Lieberknecht, Philipp
Publikováno v:
In Journal of Economic Dynamics and Control January 2025 170
Akademický článek
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This paper analyses the joint long-run evolution of wealth and income inequality. We show that top wealth and income shares were cointegrated over the past century in France and the US. We rationalise this finding using a two-agent version of the Sol
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::fd3de6b131972b7a7cad904531de97f7
https://hdl.handle.net/10419/262204
https://hdl.handle.net/10419/262204
Autor:
Böhl, Gregor, Lieberknecht, Philipp
The recently observed disconnect between inflation and economic activity can be explained by the interplay between the zero lower bound (ZLB) and the costs of external financing. In normal times, credit spreads and the nominal interest rate balance o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::2abac7a8a1e63cba8a23da93f18a0ec3
https://hdl.handle.net/10419/231378
https://hdl.handle.net/10419/231378
Autor:
Böhl, Gregor, Lieberknecht, Philipp
We show that if business cycles are driven by financial shocks, the interplay between the effective lower bound (ELB) and the costs of external financing can generate an additional supply-side channel, which causes a disconnect between inflation and
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::16069b49a2ee248d8cc40cd32865e729
https://hdl.handle.net/10419/248740
https://hdl.handle.net/10419/248740
Autor:
Lieberknecht, Philipp, Wieland, Volker
There is substantial disagreement about the consequences of the Tax Cuts and Jobs Act (TCJA) of 2017, which constitutes the most extensive tax reform in the United States in more than 30 years. Using a large-scale two-country dynamic general equilibr
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::22edf69ae29bf62d8046116055703d45
https://hdl.handle.net/10419/195092
https://hdl.handle.net/10419/195092
Autor:
Lieberknecht, Philipp
This paper proposes a tractable financial accelerator New Keynesian DSGE modelthat allows for closed-form solutions. In the presence of financial frictions, theNew Keynesian Phillips curve features a flat slope with respect to the output gapand is st
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::b1b8f6239e45d09e868c3b8ef8fff24a
https://hdl.handle.net/10419/213075
https://hdl.handle.net/10419/213075
Against the backdrop of elevated model uncertainty in DSGE models with a detailed modeling of financial intermediaries, we investigate the performance of optimized macroprudential policy rules within and across models. Using three canonical banking D
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https://explore.openaire.eu/search/publication?articleId=od______1687::843c7073d6cd3ad9de28c5aecb385fe8
https://hdl.handle.net/10419/181503
https://hdl.handle.net/10419/181503
We estimate the long- and short-run relationship between top income and wealth shares for France and the US since 1913. We find strong evidence for a long-run cointegration relationship governed by relative saving rates at the top. For both countries
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::1a091d4138d4d520b9f13e28052562ee
https://hdl.handle.net/10419/208238
https://hdl.handle.net/10419/208238
For some time now, structural macroeconomic models used at central banks have been predominantly New Keynesian DSGE models featuring nominal rigidities and forwardlooking decision-making. While these features are widely deemed crucial for policy eval
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::cf528ea144d26cf4b4874ee14f5890df
http://publikationen.ub.uni-frankfurt.de/files/43163/IMFS_WP_114.pdf
http://publikationen.ub.uni-frankfurt.de/files/43163/IMFS_WP_114.pdf