English, Article, Journal or magazine article edition: Evaluating a monetary business cycle model with unemployment for the euro area Nicolas Groshenny

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Bookmark: http://trove.nla.gov.au/version/8528
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Evaluating a monetary business cycle model with unemployment for the euro area
Author
  • Nicolas Groshenny
Physical Description
  • preprint
Notes
  • 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
  • DSGE models, business cycles, frequency-domain analysis
  • RePEc:nbb:reswpp:200907-27
Language
  • English
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