Heterogeneity in Macroeconomics and its Implications for Monetary Policy (Paperback)
  • Heterogeneity in Macroeconomics and its Implications for Monetary Policy (Paperback)
zoom

Heterogeneity in Macroeconomics and its Implications for Monetary Policy (Paperback)

(author)
£54.99
Paperback 166 Pages / Published: 07/05/2015
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
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.

Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN: 9783658097301
Number of pages: 166
Weight: 2454 g
Dimensions: 210 x 148 x 11 mm
Edition: 2015 ed.

You may also be interested in...

The Great Degeneration
Added to basket
The Economics Book
Added to basket
DK
£17.99
Hardback
The Great Crash 1929
Added to basket
Guns, Germs And Steel
Added to basket
£10.99   £8.99
Paperback
Game Theory: A Very Short Introduction
Added to basket
Antifragile
Added to basket
Why Nations Fail
Added to basket
£12.99   £9.99
Paperback
AQA A-level Economics Book 1
Added to basket
The Road to Serfdom
Added to basket
£15.99
Paperback
Whoops!
Added to basket
£9.99
Paperback
The Money Machine
Added to basket
£10.99
Paperback
This Changes Everything
Added to basket
Poor Economics
Added to basket
£9.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.