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Replication package contains programs and data required to reproduce all figures of Online Appendices L and M of article "Slow Recoveries and Unemployment Traps: Monetary[...]
2022 | Dataset | Reproducibility Package - Ensemble de données pour la reproductibilité des résultats de recherche |
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There has been a systematic increase in the volatility of the real price of crude oil since 1986, followed by a decline in the volatility of oil production since the earl[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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We study price posting with undirected search in a search-theoretic monetary model with divisible money and divisible goods. Ex ante homogeneous buyers experience match s[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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In this paper, we use an economics decision-making experiment to test a key assumption underpinning the efficacy of price-level targeting relative to inflation targeting [...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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We construct a monthly real-time data set consisting of vintages for 1991.1-2010.12 that is suitable for generating forecasts of the real price of oil from a variety of m[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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What are the effects of financial market imperfections on unemployment and vacancies? Since standard DSGE models do not typically model unemployment, they abstract from [...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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We evaluate different approaches for using monthly indicators to predict Chinese GDP for the current and the next quarter (‘nowcasts’ and ‘forecasts’, respectively). We u[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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Recent New Keynesian models of macroeconomy view nominal cost rigidities, rather than nominal price rigidities, as the key feature that accounts for the observed persiste[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. b[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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The effectiveness of monetary policy depends, to a large extent, on market expectations of its future actions. In a standard New Keynesian business-cycle model with ratio[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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