Search Results - "Keen, Benjamin D"

The zero lower bound, the dual mandate, and unconventional dynamics by Gavin, William T., Keen, Benjamin D., Richter, Alexander W., Throckmorton, Nathaniel A.

“…This paper examines monetary policy when it is constrained by the zero lower bound (ZLB) on the nominal interest rate. Our analysis uses a nonlinear New…”
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Monetary Policy and Natural Disasters in a DSGE Model by Keen, Benjamin D., Pakko, Michael R.

“…In the immediate aftermath of Hurricane Katrina, speculation arose that the Federal Reserve might respond by easing monetary policy. This article uses a…”
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How Robust Are Popular Models of Nominal Frictions? by KEEN, BENJAMIN D., KOENIG, EVAN F.

“…We consider alternative combinations of nominal price and wage frictions in dynamic stochastic general equilibrium models fit to U.S. data. Since inflation was…”
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In search of the liquidity effect in a modern monetary model by Keen, Benjamin D.

“…This paper examines the impact of a monetary policy shock in a dynamic stochastic general equilibrium model with sticky prices and financial market frictions…”
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FORWARD GUIDANCE AND THE STATE OF THE ECONOMY by Keen, Benjamin D., Richter, Alexander W., Throckmorton, Nathaniel A.

“…This paper analyzes forward guidance in a nonlinear model with a zero lower bound (ZLB) on the nominal interest rate. Forward guidance is modeled with news…”
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Monetary policy, the tax code, and the real effects of energy shocks by Gavin, William T., Keen, Benjamin D., Kydland, Finn E.

“…This paper develops a monetary model with taxes to account for the time-varying effects of energy shocks on output and hours worked in post-World War II U.S…”
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Output, inflation, and interest rates in an estimated optimizing model of monetary policy by Keen, Benjamin D.

“…This paper examines the impact of sticky price and limited participation frictions, both separately and combined, in a dynamic stochastic general equilibrium…”
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STICKY PRICE AND STICKY INFORMATION PRICE-SETTING MODELS: WHAT IS THE DIFFERENCE? by KEEN, BENJAMIN D.

“…Using a partial equilibrium framework, Mankiw and Reis show that a sticky information model can generate a lagged and gradual inflation response after a…”
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U.S. Monetary Policy: A View from Macro Theory by Gavin, William T., Keen, Benjamin D.

“…We use a dynamic stochastic general equilibrium model to address two questions about U.S. monetary policy: 1) Can monetary policy elevate output when it is…”
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Optimal fiscal and monetary policy in a model with government corruption by Keen, Benjamin D., Strong, Christine O.

“…This paper builds a theoretical model where corrupt government officials select the optimal amount of government spending directed toward building wealth for…”
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Results of a study of the stability of cointegrating relations comprised of broad monetary aggregates by Carlson, John B, Hoffman, Dennis L, Keen, Benjamin D, Rasche, Robert H

“…We find strong evidence of a stable `money demand’ relationship for MZM and M2M through the 1990s. Though the M2 relation breaks down somewhere around 1990,…”
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Taylor-type rules and total factor productivity by Gavin, William T, Keen, Benjamin D, Pakko, Michael R

“…This paper examines the impact of a persistent shock to the growth rate of total factor productivity in a New Keynesian model in which the central bank does…”
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What is a realistic value for price adjustment costs in New Keynesian models? by Keen, Benjamin, Wang, Yongsheng

“…Rotemberg's ( 1982 ) price adjustment costs framework is a popular sticky price specification; yet, the data provides little information on the magnitude of…”
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The monetary instrument matters by Gavin, William T, Keen, Benjamin D, Pakko, Michael R

“…This paper revisits the debate over the money supply versus the interest rate as the instrument of monetary policy. Using a dynamic stochastic general…”
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