Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/144385
Authors: 
Groshenny, Nicolas
Year of Publication: 
2009
Series/Report no.: 
Working Paper Research 173
Abstract: 
This paper estimates a medium-scale DSGE model with search unemployment by matching model and data spectra. Price mark-up shocks emerge as the main source of business-cycle fluctuations in the euro area. Key factors in the propagation of these disturbances are a high degree of inflation indexation and a persistent response of monetary policy to deviations from the inflation target
Subjects: 
DSGE models
business cycles
frequency-domain analysis
JEL: 
E32
C51
C52
Document Type: 
Working Paper

Files in This Item:
File
Size
1.52 MB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.