rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Persistent Stochastic Shocks in a New Keynesian Model with Uncertainty
  name:
    name part: Kranz, Tobias.
    role:
      role term: creator
    role:
      role term: author.
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2017
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XIII, 72 p. 19 illus. online resource.
  abstract: 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. .
  table of 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.
  note: by Tobias Kranz.
  subject:
    topic: Economic theory
  subject:
    topic: Macroeconomics
  subject:
    topic: Economics
  subject:
    topic: Macroeconomics/Monetary Economics//Financial Economics
  subject:
    topic: Economic Theory/Quantitative Economics/Mathematical Methods
  classification: HB172.5
  classification: 339
  related item:
    title info:
      title: Springer eBooks
  related item:
    title info:
      title: BestMasters
  identifier: 9783658156398
  identifier: http://dx.doi.org/10.1007/978-3-658-15639-8
  record info:
    record creation date: 160927
    record change date: 20160927080241.0
    record identifier: 978-3-658-15639-8