Journal of Monetary Economics

最新文章

• TAX ANALYSIS IN A REAL-BUSINESS-CYCLE MODEL - ON MEASURING HARBERGER TRIANGLES AND OKUN GAPS AI翻译
  作者：GREENWOOD, J; HUFFMAN, GW
  作者单位：Western University (University of Western Ontario); University of California System; University of California Riverside; Federal Reserve System - USA; Federal Reserve Bank - Kansas City
• LIQUIDITY CONSTRAINTS AND THE PERMANENT-INCOME HYPOTHESIS - EVIDENCE FROM PANEL DATA AI翻译
  作者：RUNKLE, DE
  作者单位：University of Minnesota System; University of Minnesota Twin Cities
• HYSTERESIS, MENU COSTS, AND PRICING WITH RANDOM EXCHANGE-RATES AI翻译
  作者：DELGADO, FA
  摘要：This paper develops a model to explain price stickiness to nominal shocks. It is the first model to allow two-sided general shocks. In an international environment, a firm that sells in its domestic market and abroad faces a stochastic exchange rate and menu costs. We obtain significant stickiness with very small menu costs. With exchange rate variance of 10% p.a., the exchange rate can fluctuate 25% without the firm having to adjust prices. An optimal control problem is solved whereby the fir...
• BUDGET BALANCE THROUGH REVENUE OR SPENDING ADJUSTMENTS - SOME HISTORICAL EVIDENCE FOR THE UNITED-STATES AI翻译
  作者：BOHN, H
• ASSET RETURNS AND INTERTEMPORAL PREFERENCES AI翻译
  作者：KANDEL, S; STAMBAUGH, RF
  作者单位：University of Pennsylvania; National Bureau of Economic Research
• RECONSIDERING TRENDS AND RANDOM-WALKS IN MACROECONOMIC TIME-SERIES AI翻译
  作者：DEJONG, DN; WHITEMAN, CH
  作者单位：University of Iowa
• TESTING THE LONG-RUN IMPLICATIONS OF THE NEOCLASSICAL GROWTH-MODEL AI翻译
  作者：NEUSSER, K
• THE DOMINANCE OF INEFFICIENCIES OVER SCALE AND PRODUCT MIX ECONOMIES IN BANKING AI翻译
  作者：BERGER, AN; HUMPHREY, DB
  作者单位：State University System of Florida; Florida State University
• OPEN-ECONOMY MACROECONOMICS AI翻译
  作者：ALLEN, PR
• THE DYNAMICS OF A SMALL OPEN-ECONOMY IN RESPONSE TO MONETARY, FISCAL, AND PRODUCTIVITY SHOCKS AI翻译
  作者：CARDIA, E
  摘要：This paper evaluates empirically the relative importance of monetary and fiscal versus technology shocks in an open economy characterized by perfect international capital mobility. The variance-covariance matrix of these shocks is estimated. A stochastic model is used to perform numerical simulations. The results show that persistent shocks to productivity can reproduce several empirical regularities (including the puzzling high correlation between national saving and investment) remarkably we...