Zobrazeno 1 - 10
of 59
pro vyhledávání: '"Stephen Millard"'
Publikováno v:
Oxford Bulletin of Economics and Statistics.
In this paper, we use an open economy model of the United Kingdom to examine the extent to which monetary policy should respond to movements in sectoral inflation rates. To do this we construct a Generalised Taylor model that takes specific account o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::48f37ccb80296ae7dfc1efa438289937
https://doi.org/10.1111/obes.12541
https://doi.org/10.1111/obes.12541
Publikováno v:
National Institute Economic Review. 261
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::73b0ead9946cc6271ba917d5b088168c
https://doi.org/10.1017/nie.2023.6
https://doi.org/10.1017/nie.2023.6
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f5a7ca31a920506b7571ad24d3c398b7
https://doi.org/10.2139/ssrn.3936001
https://doi.org/10.2139/ssrn.3936001
Publikováno v:
SSRN Electronic Journal.
We use a DSGE model with financial frictions, leverage limits on banks, loan to value (LTV) limits and debt‑service ratio (DSR) limits on mortgage borrowing to examine: i) the effects of different macroprudential policies on key macro aggregates; i
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d2cfb81ad5a03cc63558586bc0eb375b
https://doi.org/10.2139/ssrn.3768676
https://doi.org/10.2139/ssrn.3768676
We use firm-level survey data from 25 EU countries to analyse how firms adjust their labour costs (employment, wages and hours) in response to shocks. We develop a theoretical model to understand how firms choose between different ways to adjust thei
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0f28450cc6ea22e40c277963ee22fc5e
Publikováno v:
SSRN Electronic Journal.
In this paper we examine the impact of non-trading firms on labour productivity and its persistence in response to macroeconomic shocks, through their entry and exit into the domestic market, in a model with monopolistic competition and heterogeneous
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b175b51868f3feeb6163c8a66f31f3ec
https://doi.org/10.2139/ssrn.3371011
https://doi.org/10.2139/ssrn.3371011
Publikováno v:
SSRN Electronic Journal.
We re-examine the great ratios associated with balanced growth models and ask whether they have remained constant over time. We first use a benchmark DSGE model to explore how plausible smooth variations in structural parameters lead to movements in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::de02612c7357b116b53fd77c186a08bb
https://doi.org/10.2139/ssrn.3374400
https://doi.org/10.2139/ssrn.3374400
Publikováno v:
Economics Letters. 193:109213
We build on an estimation method which can accommodate time variation in a cointegrating relationship and present a test for cointegration under this setup. We apply our test procedure to the UK Great Ratios and find little evidence for cointegration
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::45cddf2d88cb1840af9303e8b3d5f42e
https://doi.org/10.1016/j.econlet.2020.109213
https://doi.org/10.1016/j.econlet.2020.109213
Publikováno v:
SSRN Electronic Journal.
We model the interactions of financial frictions and real frictions, using a DSGE model calibrated for the US economy, with households, banks, firms and wage bargaining. The model features labour and investment frictions, in the form of convex costs,
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::37a36ad2effa3fe17deb81d827b1f349
https://doi.org/10.2139/ssrn.3297626
https://doi.org/10.2139/ssrn.3297626
Publikováno v:
IZA Journal of Labor Policy, Vol 8, Iss 1, Pp 1-29 (2019)
Using firm-level data from a large-scale European survey among 20 countries, we analyse the determinants of firms using short-time work (STW). We show that firms are more likely to use STW in case of negative demand shocks. We show that STW schemes a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d9a5bec00c29a31e0fd4833d885edadf
https://doi.org/10.2139/ssrn.3299005
https://doi.org/10.2139/ssrn.3299005