feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
  • 1
    UID:
    b3kat_BV047936517
    Format: 1 Online-Ressource (34 Seiten) , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers
    Content: This paper is concerned with how stylised differences in monetary policy transmission mechanisms and product and labour market rigidities between the US and euro-area economies affect their resilience to temporary shocks. To address this issue, a small general equilibrium model with long-run neoclassical and short-run neo-Keynesian features is calibrated to replicate the key properties of the US economy (as in the US Fed's FRB-US model). To this model, features of the euro area's financial and then product and labour markets are added sequentially with a view to replicating what is generally agreed are aspects of the functioning of the euro-area economy (as captured by the ECB's Area-Wide Model). Most of the analysis is conducted assuming identical monetary policy reaction functions, although the sensitivity of the results to this assumption is tested. The results illustrate the importance of adjustment patterns in financial, product and labour markets for economies' ...
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 2
    UID:
    gbv_730033821
    Format: 15 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.372
    Content: This working paper describes a medium-term reference scenario for the OECD based on the shortterm projections described in OECD Economic Outlook No.74. OECD-wide real GDP is projected to expand at 2¾ per cent per annum between 2006 and 2009 and the area-wide rate of unemployment to fall below 6 per cent at the end of the period, while inflation rises only slightly. Despite a fairly robust recovery, fiscal balances remain in significant deficit for the area as a whole; there is little overall improvement in current external imbalances between regions ...
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 3
    UID:
    b3kat_BV047931839
    Format: 1 Online-Ressource (14 Seiten) , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers
    Content: This working paper describes a medium-term reference scenario for the OECD based on the shortterm projections described in OECD Economic Outlook No.74. OECD-wide real GDP is projected to expand at 2¾ per cent per annum between 2006 and 2009 and the area-wide rate of unemployment to fall below 6 per cent at the end of the period, while inflation rises only slightly. Despite a fairly robust recovery, fiscal balances remain in significant deficit for the area as a whole; there is little overall improvement in current external imbalances between regions ...
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 4
    UID:
    gbv_729996999
    Format: 35 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.382
    Content: This paper is concerned with how stylised differences in monetary policy transmission mechanisms and product and labour market rigidities between the US and euro-area economies affect their resilience to temporary shocks. To address this issue, a small general equilibrium model with long-run neoclassical and short-run neo-Keynesian features is calibrated to replicate the key properties of the US economy (as in the US Fed’s FRB-US model). To this model, features of the euro area’s financial and then product and labour markets are added sequentially with a view to replicating what is generally agreed are aspects of the functioning of the euro-area economy (as captured by the ECB’s Area-Wide Model). Most of the analysis is conducted assuming identical monetary policy reaction functions, although the sensitivity of the results to this assumption is tested. The results illustrate the importance of adjustment patterns in financial, product and labour markets for economies’ ...
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 5
    UID:
    edocfu_9958075070802883
    Format: 1 online resource (34 p. )
    Series Statement: OECD Economics Department Working Papers, no.382
    Content: This paper is concerned with how stylised differences in monetary policy transmission mechanisms and product and labour market rigidities between the US and euro-area economies affect their resilience to temporary shocks. To address this issue, a small general equilibrium model with long-run neoclassical and short-run neo-Keynesian features is calibrated to replicate the key properties of the US economy (as in the US Fed’s FRB-US model). To this model, features of the euro area’s financial and then product and labour markets are added sequentially with a view to replicating what is generally agreed are aspects of the functioning of the euro-area economy (as captured by the ECB’s Area-Wide Model). Most of the analysis is conducted assuming identical monetary policy reaction functions, although the sensitivity of the results to this assumption is tested. The results illustrate the importance of adjustment patterns in financial, product and labour markets for economies’ ...
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 6
    UID:
    edocfu_9958073059802883
    Format: 1 online resource (14 p. )
    Series Statement: OECD Economics Department Working Papers, no.372
    Content: This working paper describes a medium-term reference scenario for the OECD based on the shortterm projections described in OECD Economic Outlook No.74. OECD-wide real GDP is projected to expand at 2¾ per cent per annum between 2006 and 2009 and the area-wide rate of unemployment to fall below 6 per cent at the end of the period, while inflation rises only slightly. Despite a fairly robust recovery, fiscal balances remain in significant deficit for the area as a whole; there is little overall improvement in current external imbalances between regions ...
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 7
    UID:
    almafu_9958073059802883
    Format: 1 online resource (14 p. )
    Series Statement: OECD Economics Department Working Papers, no.372
    Content: This working paper describes a medium-term reference scenario for the OECD based on the shortterm projections described in OECD Economic Outlook No.74. OECD-wide real GDP is projected to expand at 2¾ per cent per annum between 2006 and 2009 and the area-wide rate of unemployment to fall below 6 per cent at the end of the period, while inflation rises only slightly. Despite a fairly robust recovery, fiscal balances remain in significant deficit for the area as a whole; there is little overall improvement in current external imbalances between regions ...
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 8
    UID:
    almafu_9958075070802883
    Format: 1 online resource (34 p. )
    Series Statement: OECD Economics Department Working Papers, no.382
    Content: This paper is concerned with how stylised differences in monetary policy transmission mechanisms and product and labour market rigidities between the US and euro-area economies affect their resilience to temporary shocks. To address this issue, a small general equilibrium model with long-run neoclassical and short-run neo-Keynesian features is calibrated to replicate the key properties of the US economy (as in the US Fed’s FRB-US model). To this model, features of the euro area’s financial and then product and labour markets are added sequentially with a view to replicating what is generally agreed are aspects of the functioning of the euro-area economy (as captured by the ECB’s Area-Wide Model). Most of the analysis is conducted assuming identical monetary policy reaction functions, although the sensitivity of the results to this assumption is tested. The results illustrate the importance of adjustment patterns in financial, product and labour markets for economies’ ...
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
Close ⊗
This website uses cookies and the analysis tool Matomo. Further information can be found on the KOBV privacy pages