Risultati della ricerca
Creator: Weber, Warren E. Descrizione:
This spreadsheet contains data for Argentina, Brazil, Canada, Chile, France, Germany, Italy, Japan, Netherlands, Norway, Portugal, Spain, Sweden, UK, and US for the period 1810 – 1995. The data reported are for specie, M0, M2, prices, and output. The results in Rolnick-Weber, Journal of Political Economy (1997) are based on the data in this spreadsheet. For a description of how the data are constructed, see Rolnick and Weber, Staff Report 175 (1995) : https://www.minneapolisfed.org/research/staff-reports/inflation-money-and-output-under-alternative-monetary-standards.
Creator: Diba, Behzad. and Oh, Seonghwan. Series: Business analysis committee meeting Abstract:
This paper reports some empirical evidence on the relation between the expected real interest rate and monetary aggregates in postwar U.S. data. We find some evidence against the hypothesis, implied by the Real Business Cycle model of Litterman and Weiss (1985), that the expected real interest rate follows a univariate autoregressive process, not Granger-caused by monetary aggregates. Our findings, however, are consistent with a more general bivariate model--suggested by what Barro (1987, Chapter 5) refers to as "the basic market-clearing model"--in which the real rate depends on its own lagged values and on lagged output. Taking this bivariate model as our null hypothesis, we find no evidence that money-stock changes have a significant liquidity effect on the expected real interest rate.
Soggetto: E43 - Money and interest rates - Determination of interest rates ; Term structure of interest rates, E51 - Monetary policy, central banking, and the supply of money and credit - Money supply ; Credit ; Money multipliers, and E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles
Series: System committee on agriculture and rural development Abstract:
Handout for "Policy Concerning Water Markets": Using Water Better: A Market-Based Approach to California's Water Crisis, by Ronald H. Schmidt and Frederick Cannon. Published 1991 by Bay Area Economic Forum (Calif.), Association of Bay Area Governments, Bay Area Council (Calif.). Handout for "Environmental Issues and Ag Lending": Land Values and Environmental Regulation by Michael D. Boehlge, Philip M. Raup and Kent D. Olson. University of Minnesota Department of Agricutural and Applied Economics Staff Paper P91-3, January 1991.
Parola chiave: Agenda
Creator: Altig, David, 1956-, Christiano, Lawrence J., Eichenbaum, Martin S., and Lindé, Jesper. Series: Joint commitee on business and financial analysis Abstract:
We report estimates of the dynamic effects of a technology shock, and then use these to estimate the parameters of a dynamic general equilibrium model with money. We find: (i) a positive technology shock drives up hours worked, consumption, investment and output; (ii) the positive response of hours worked reflects that the Fed has in practice accommodated technology shocks; (iii) model parameter values and functional forms that match the response of macroeconomic variables to monetary policy shocks also work well for technology shocks; (iv) while technology shocks account for a large fraction of the lower frequency component of economic fluctuations, they account for only a small part of the business cycle component of fluctuations.
Preliminary and incomplete
Parola chiave: Consumption, Technology, General equilibrium model, Shocks, and Fluctuations Soggetto: D58 - General equilibrium and disequilibrium - Computable and other applied general equilibrium models and E32 - Prices, business fluctuations, and cycles - Business fluctuations ; Cycles