Skilled migration and business cycle dynamics
In: Journal of economic dynamics & control, Band 109, S. 103781
ISSN: 0165-1889
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In: Journal of economic dynamics & control, Band 109, S. 103781
ISSN: 0165-1889
In: Canadian Journal of Economics/Revue canadienne d'économique, Band 44, Heft 2, S. 580-606
In: Journal of Monetary Economics, Band 56, Heft 4, S. 596-604
In: The Manchester School, Band 75, Heft s1, S. 88-122
ISSN: 1467-9957
We compare two methods of motivating money in New Keynesian dynamic stochastic general equilibrium models—money‐in‐the‐utility function and the cash‐in‐advance (CIA) constraint—as well as two ways of modelling monetary policy: the interest rate feedback rule and money growth rules. As an aid to model selection, we use a new econometric measure of the distance between model and data variance–covariance matrices. The proposed measure is useful in distinguishing between alternative general equilibrium models. Drawing on our econometric analysis, we argue that the CIA model, closed by a money growth rule, comes closest to the data.
In: The economic journal: the journal of the Royal Economic Society, Band 113, Heft 486, S. C103-C124
ISSN: 1468-0297
SSRN
In: Journal of international economics, Band 115, S. 170-184
ISSN: 0022-1996
In: Journal of international economics, Band 105, S. 77-89
ISSN: 0022-1996
In: CAMA Working Paper No. 24/2016
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Working paper
In: CAMA Working Paper 2/2014
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Working paper
In: CAMA Working Paper No. 95/2020
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Working paper