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Verlag: Springer Fachmedien Wiesbaden, 2015
ISBN 10: 3658097302ISBN 13: 9783658097301
Anbieter: AHA-BUCH GmbH, Einbeck, Deutschland
Buch
Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of 'Quantitative Easing' programs. A second model focuses on the short-term implications of heterogeneously productive firms, showing an acceleration effect of technology shocks. Finally, an empirical investigation of firms' price-setting behaviors shows that time-dependent factors, relative to state-dependent ones, play a small role with respect to the probability and the size of a price change. All results provide new insights for monetary policy.
Verlag: Springer Fachmedien Wiesbaden, 2015
ISBN 10: 3658097302ISBN 13: 9783658097301
Anbieter: moluna, Greven, Deutschland
Buch
Kartoniert / Broschiert. Zustand: New.