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Buchnummer des Verkäufers L9783658097301
Titel: Heterogeneity in Macroeconomics and its ...
Verlag: Springer Gabler
Buchbeschreibung Betriebswirt.-Vlg Gabler Mai 2015, 2015. Taschenbuch. Buchzustand: Neu. 21x14.8x cm. Neuware - 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. 166 pp. Englisch. Artikel-Nr. 9783658097301