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Inflation Price Level Targeting Bayesian by Heim Lukas (10 results)
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Inflation versus Price-Level Targeting : Bayesian Estimation of a Small Open DSGE Model for Switzerland
Published by Springer Fachmedien Wiesbaden, 2014
ISBN 10: 3658082275 ISBN 13: 9783658082277
Language: English
£ 31.57
Convert currency£ 7.62 shipping from Germany to United KingdomQuantity: 1 available
Add to basketCondition: Sehr gut. Zustand: Sehr gut | Seiten: 84 | Sprache: Englisch | Produktart: Bücher.
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Inflation versus Price-Level Targeting: Bayesian Estimation of a Small Open DSGE Model for Switzerland (BestMasters)
Seller: Ria Christie Collections, Uxbridge, United Kingdom
Seller rating 5 out of 5 stars
£ 49.52
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Add to basketCondition: New. In.
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Inflation versus Price-Level Targeting : Bayesian Estimation of a Small Open DSGE Model for Switzerland
Published by Springer Gabler 2014-12, 2014
ISBN 10: 3658082275 ISBN 13: 9783658082277
Language: English
PF. Condition: New.
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Inflation versus Price-Level Targeting : Bayesian Estimation of a Small Open DSGE Model for Switzerland
Published by Springer Fachmedien Wiesbaden, 2014
ISBN 10: 3658082275 ISBN 13: 9783658082277
Language: English
£ 47.15
Convert currency£ 11.97 shipping from Germany to United KingdomQuantity: 1 available
Add to basketTaschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded version of the framework proposed by Galì and Monacelli (2005) as well as Monacelli (2005). It is enriched with habit formation in consumption, price indexation, labor market imperfections, and several additional structural disturbances. The results show that - exactly as expected - the volatility of inflation is quite significantly lower under the price-level targeting regime, whereas the volatility of the output gap is markedly higher conditional on either productivity or preference shocks. Therefore, the introduction of a price-level targeting regime would likely produce an increase in the volatility of real economic activity conditional on both supply-side and demand-side shocks. Since inflation and output are targeted simultaneously, none of the two policies is strictly dominant.
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£ 56.73
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£ 65.31
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Paperback. Condition: Brand New. 2015 edition. 82 pages. 8.27x5.83x0.19 inches. In Stock.
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Paperback. Condition: Like New. Like New. book.
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Condition: New. Print on Demand.
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£ 71.81
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Add to basketCondition: New. PRINT ON DEMAND.
