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The Resource Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty, by Tobias Kranz, (electronic resource)

Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty, by Tobias Kranz, (electronic resource)

Label
Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty
Title
Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty
Statement of responsibility
by Tobias Kranz
Creator
Subject
Language
eng
Summary
The book introduces the New Keynesian framework, historically through a literature overview and through a step-by-step derivation of a New Keynesian Phillips curve, an intertemporal IS curve, and a targeting rule for the central bank. This basic version is then expanded by introducing cost and demand shocks and uncertainty. The latter enters the model via second order Taylor approximation instead of linearization. Bringing all equations together results in an equilibrium condition which is simulated with a wide range of parameter values, including possible crisis scenarios. The author finds that accounting for uncertainty - regarding growth and inflation expectations - can lead to lower nominal interest rates set by the central bank. Contents · Historical recapitulation of DSGE Modeling · Derivation of a basic New Keynesian Model · Augmentation with persistent shocks and uncertainty · Comparative statics and a wide range of numerical simulations · Mathematical concepts and background information in the appendix Target Groups · Researchers and graduate students in macroeconomics and monetary policy · Managers and practitioners in the fields of monetary economics The Author Tobias Kranz obtained his Master of Science degree in Economics at the University of Trier in 2015. He has been working as postgraduate at the chair of Empirical Economics (University of Trier) since 2016.--
Member of
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Kranz, Tobias
Image bit depth
0
Literary form
non fiction
Nature of contents
dictionaries
Series statement
  • Springer eBooks.
  • BestMasters
http://library.link/vocab/subjectName
  • Economic theory
  • Macroeconomics
  • Economics
  • Macroeconomics/Monetary Economics//Financial Economics
  • Economic Theory/Quantitative Economics/Mathematical Methods
Label
Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty, by Tobias Kranz, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-658-15639-8
Instantiates
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Historical recapitulation of DSGE Modeling -- Derivation of a basic New Keynesian Model -- Augmentation with persistent shocks and uncertainty -- Comparative statics and a wide range of numerical simulations -- Mathematical concepts and background information in the appendix
Control code
978-3-658-15639-8
Dimensions
unknown
Extent
1 online resource (XIII, 72 pages)
File format
multiple file formats
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
9783658156398
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-658-15639-8
Other physical details
19 illustrations
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)963357796
Label
Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty, by Tobias Kranz, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-658-15639-8
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Historical recapitulation of DSGE Modeling -- Derivation of a basic New Keynesian Model -- Augmentation with persistent shocks and uncertainty -- Comparative statics and a wide range of numerical simulations -- Mathematical concepts and background information in the appendix
Control code
978-3-658-15639-8
Dimensions
unknown
Extent
1 online resource (XIII, 72 pages)
File format
multiple file formats
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
9783658156398
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-658-15639-8
Other physical details
19 illustrations
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)963357796

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