|
1.
|
The purpose of this paper is twofold. First, we provide a detailed social accounting matrix (SAM), which incorporates the income and financial flows into the standard inp[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
|
|
2.
|
Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard imp[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
|
|
3.
|
Although the concept of monetary policy lag has historical roots deep in the monetary economics literature, relatively little attention has been paid to the idea. In this[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
|
|
4.
|
The primary objective of this paper is to compare a variety of joint models of the term structure of interest rates and the macroeconomy. To this end, we consider six alt[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
|
|
5.
|
Since the contribution of Kydland and Prescott (1977), it is well known that the optimal Ramsey policy is time inconsistent. In a series of recent contributions, Woodford[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
|
|
6.
|
The stochastic simulation model suggested by Bolder (2003) for the analysis of the federal government's debt-management strategy provides a wide variety of useful informa[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
|
|
7.
|
We show how to use optimal control theory to derive optimal time-consistent Markov-perfect government policies in nonlinear dynamic general equilibrium models, extending [...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
|
|
8.
|
Modelling term-structure dynamics is an important component in measuring and managing the exposure of portfolios to adverse movements in interest rates. Model selection f[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
|
|
9.
|
The author develops a strategy for utilizing higher moments and conditioning information efficiently, and hence improves on the variance bounds computed by Hansen and Jag[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
|
|
10.
|
Suppose that the dynamics of the macroeconomy were given by (partly) random fluctuations between two equilibria: "good" and "bad." One would interpret currency crises (or[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
|
