Sökning: L773:0014 2921 > Endogenous monetary...
Fältnamn | Indikatorer | Metadata |
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000 | 02002naa a2200265 4500 | |
001 | oai:hhs.se:1165241340006056 | |
003 | SwePub | |
008 | 231201s2000 | |||||||||||000 ||eng| | |
024 | 7 | a https://research.hhs.se/esploro/outputs/journalArticle/Endogenous-monetary-policy-and-the-business/9910015445961060562 URI |
024 | 7 | a https://doi.org/10.1016/S0014-2921(99)00032-X2 DOI |
040 | a (SwePub)hhs | |
041 | a engb eng | |
042 | 9 SwePub | |
072 | 7 | a art2 swepub-publicationtype |
072 | 7 | a ref2 swepub-contenttype |
100 | 1 | a Flodén, Martinu Stockholm School of Economics,Handelshögskolan i Stockholm4 aut |
245 | 1 0 | a Endogenous monetary policy and the business cycle |
264 | 1 | b Elsevier B.V,c 2000 |
520 | a The correlations and volatilities of real variables seem to be stable over time, but the relation between real and nominal variables is unstable. Presumably, one important factor behind this observation is the nature of money supply. In this paper, I look at a business cycle model where the central bank sets money supply to minimize the volatility of inflation and output. I find that small changes in the central bank's preferences can generate large changes in the derived money supply rule and in correlations between real and nominal variables. Although wages are assumed to be sticky, changes in the money supply rule do not generate any major changes in the behavior of real variables. | |
650 | 7 | a SAMHÄLLSVETENSKAPx Ekonomi och näringslivx Nationalekonomi0 (SwePub)502012 hsv//swe |
650 | 7 | a SOCIAL SCIENCESx Economics and Businessx Economics0 (SwePub)502012 hsv//eng |
710 | 2 | a Handelshögskolan i Stockholmb Stockholm School of Economics4 org |
773 | 0 | t European economic reviewd : Elsevier B.Vg 44:8, s. 1409-1429q 44:8<1409-1429x 1873-572Xx 0014-2921 |
856 | 4 8 | u https://research.hhs.se/esploro/outputs/journalArticle/Endogenous-monetary-policy-and-the-business/991001544596106056 |
856 | 4 8 | u https://doi.org/10.1016/S0014-2921(99)00032-X |
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