| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20055 |
| 来源ID | Working Paper 20055 |
| Inflation in the Great Recession and New Keynesian Models | |
| Marco Del Negro; Marc P. Giannoni; Frank Schorfheide | |
| 发表日期 | 2014-04-17 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | It has been argued that existing DSGE models cannot properly account for the evolution of key macroeconomic variables during and following the recent great recession. We challenge this argument by showing that a standard DSGE model with financial frictions available prior to the recent crisis successfully predicts a sharp contraction in economic activity along with a modest and protracted decline in inflation, following the rise in financial stress in 2008Q4. The model does so even though inflation remains very dependent on the evolution of economic activity and of monetary policy. |
| 主题 | Econometrics ; Estimation Methods ; Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w20055 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/577729 |
| 推荐引用方式 GB/T 7714 | Marco Del Negro,Marc P. Giannoni,Frank Schorfheide. Inflation in the Great Recession and New Keynesian Models. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
