Groshenny, Nicolas. (2009) Evaluating a monetary business cycle model with unemployment for the euro area. NBB Working Paper 173, July 2009. [Working Paper]
![[img]](http://aei.pitt.edu/style/images/fileicons/application_pdf.png)
| PDF Download (1521Kb) | Preview |
Abstract
This paper estimates a medium-scale DSGE model with search unemployment by matching model and data spectra. Price mark-up shocks emerge as the main source of business-cycle fluctuations in the euro area. Key factors in the propagation of these disturbances are a high degree of inflation indexation and a persistent response of monetary policy to deviations from the inflation target.
| Export/Citation: | EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL |
| Social Networking: |
| Item Type: | Working Paper |
|---|---|
| Subjects for non-EU documents: | Countries > Belgium EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy EU policies and themes > Policies & related activities > employment/labour market > employment/unemployment |
| Subjects for EU documents: | UNSPECIFIED |
| EU Series and Periodicals: | UNSPECIFIED |
| EU Annual Reports: | UNSPECIFIED |
| Series: | Series > National Bank of Belgium (Brussels) > Working Papers |
| Depositing User: | Phil Wilkin |
| Official EU Document: | No |
| Language: | English |
| Date Deposited: | 28 Oct 2009 |
| Page Range: | p. 49 |
| Last Modified: | 15 Feb 2011 18:16 |
| URI: | http://aei.pitt.edu/id/eprint/11769 |
Actions (login required)
| View Item |
![[feed]](/images/feed-icon-32x32.png){kind=icon}
