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Endogeneity of Credit or Nominal Rigidities?: Econometric analysis of causes of business cycles - Couverture souple

France, Vaclav

 
9783844308877: Endogeneity of Credit or Nominal Rigidities?: Econometric analysis of causes of business cycles
Couverture souple
ISBN 10 : 3844308873 ISBN 13 : 9783844308877
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

This book presents a theoretical model which tries to explain causes of business cycles ?uctuations and which has its roots in the Post-Keynesian stream of economic thought. According to this model, investment shocks together with endogeneity of money causes business cycles ?uctuations. This model is compared with existing New Keynesian models which assert that causes of business cycles ?uctuations are monetary policy shocks together with various nominal and real rigidities. Author uses econometric techniques(impulse-response functions and forecast error variance decomposition) to investigate which phenomenon contributes more to business cycles ?uctuations. Unfortunately, results do not enable to draw a straightforward conclusion. It seems that both phenomena play a certain role.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

This book presents a theoretical model which tries to explain causes of business cycles ?uctuations and which has its roots in the Post-Keynesian stream of economic thought. According to this model, investment shocks together with endogeneity of money causes business cycles ?uctuations. This model is compared with existing New Keynesian models which assert that causes of business cycles ?uctuations are monetary policy shocks together with various nominal and real rigidities. Author uses econometric techniques(impulse-response functions and forecast error variance decomposition) to investigate which phenomenon contributes more to business cycles ?uctuations. Unfortunately, results do not enable to draw a straightforward conclusion. It seems that both phenomena play a certain role.

Biographie de l'auteur

Author received his bachelor`s and master`s degree at Institute of Economic Studies of Charles University in Prague (IES). He is currently (2011) a PhD student at Center for Economic Research & Graduate Education - Economics Institute (CERGE-EI) of Charles University in Prague. Author`s research interest is macroeconomics.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3844308873
ISBN 13 
9783844308877
Reliure
Broché
Nombre de pages
92
Coordonnées du fabricant
non disponible
Personne responsable
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