Coverart for item
The Resource Heterogeneity in Macroeconomics and its Implications for Monetary Policy, by Fabian Schnell, (electronic resource)

Heterogeneity in Macroeconomics and its Implications for Monetary Policy, by Fabian Schnell, (electronic resource)

Label
Heterogeneity in Macroeconomics and its Implications for Monetary Policy
Title
Heterogeneity in Macroeconomics and its Implications for Monetary Policy
Statement of responsibility
by Fabian Schnell
Creator
Author
Subject
Language
eng
Summary
Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of “Quantitative Easing” programs. A second model focuses on the short-term implications of heterogeneously productive firms, showing an acceleration effect of technology shocks. Finally, an empirical investigation of firms’ price-setting behaviors shows that time-dependent factors, relative to state-dependent ones, play a small role with respect to the probability and the size of a price change. All results provide new insights for monetary policy. Contents Introduction: Heterogeneity and Macroeconomics Can Monetary Policy Delay the Reallocation of Capital? Business Cycles and Monetary Policy with Productivity Heterogeneity What Determines Price Changes and the Distribution of Prices? Evidence from the Swiss CPI Target Groups Researchers and students in macroeconomics Governmental institutions and central banks Managers of commercial banks, nongovernmental organizations, think tanks The Author Fabian Schnell, Ph.D., works as a research associate at the University of St. Gallen and as a project leader for economic policy at economiesuisse, the Swiss Business Federation.--
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Schnell, Fabian
http://bibfra.me/vocab/relation/httpidlocgovvocabularyrelatorsaut
DvkxhVGU19k
Literary form
non fiction
Nature of contents
dictionaries
Series statement
  • Springer eBooks
  • Springer eBooks.
http://library.link/vocab/subjectName
Economics
Label
Heterogeneity in Macroeconomics and its Implications for Monetary Policy, by Fabian Schnell, (electronic resource)
Link
http://ezproxy.eui.eu/login?url=https://doi.org/10.1007/978-3-658-09731-8
Instantiates
Publication
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
978-3-658-09731-8
Dimensions
unknown
Extent
1 online resource (XVIII, 166 pages)
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783658097318
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
11 illustrations
Specific material designation
remote
System control number
(OCoLC)908192081
Label
Heterogeneity in Macroeconomics and its Implications for Monetary Policy, by Fabian Schnell, (electronic resource)
Link
http://ezproxy.eui.eu/login?url=https://doi.org/10.1007/978-3-658-09731-8
Publication
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
978-3-658-09731-8
Dimensions
unknown
Extent
1 online resource (XVIII, 166 pages)
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783658097318
Media category
computer
Media MARC source
rdamedia
Media type code
c
Other physical details
11 illustrations
Specific material designation
remote
System control number
(OCoLC)908192081

Subject

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