Výsledky vyhledávání - "Tomohide Mineyama"

Downward Nominal Wage Rigidity and Determinacy of Equilibrium

Autor: Tomohide Mineyama

Publikováno v: SSRN Electronic Journal.

It is well known that there is a tension between the frequency and duration of the zero lower bound on the nominal interest rate (ZLB) and the determinacy of equilibrium. In this article, I show that the presence of downward nominal wage rigidity (DN

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2ac53c90b7861eb42c0d730eb13f39d5
https://doi.org/10.2139/ssrn.3655101

Zobrazit plný text záznamu

Welfare Consequences of Approximation Methods in a Nonlinear Model

Autor: Tomohide Mineyama

Publikováno v: SSRN Electronic Journal.

This paper investigates the welfare consequences of approximation methods conventionally used in business cycle analysis: the log-linear approximation of model dynamics and the second-order approximation of social welfare. In a canonical sticky-price

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::a41036248d07bda455695a30b6dd2324
https://doi.org/10.2139/ssrn.3653331

Zobrazit plný text záznamu

Optimal Monetary Policy Rule in a Heterogeneous Agent Model With Nominal Rigidities

Autor: Tomohide Mineyama

Publikováno v: SSRN Electronic Journal.

In this paper, I study the optimal inflation rate in a sticky price economy in which workers are heterogeneous in labor productivity and wage changes are subject to asymmetric adjustment costs. The model calibrated to U.S. micro wage data implies dow

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::161065c3fcade49973fe5a06c124364e
https://doi.org/10.2139/ssrn.3195437

Zobrazit plný text záznamu

Downward Nominal Wage Rigidity and Inflation Dynamics During and After the Great Recession

Autor: Tomohide Mineyama

Publikováno v: SSRN Electronic Journal.

I develop a New Keynesian model that embeds heterogeneous workers with asymmetric wage adjustment costs in order to address two inflation puzzles: missing deflation during the Great Recession and the subsequent missing inflation. When the wage adjust

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::775c70bf7b6264892266da92242a9039
https://doi.org/10.2139/ssrn.3157995

Zobrazit plný text záznamu

Vyhledávací nástroje:

Upřesnit hledání