Matches in SemOpenAlex for { <https://semopenalex.org/work/W1571016580> ?p ?o ?g. }
- W1571016580 abstract "This paper, first, develops and estimates a stochastic dynamic general equilibrium (SDGE) model with sticky prices and wages for the euro area. The model incorporates various other features such as habit formation, costs of adjustment in capital accumulation and variable capacity utilisation and is estimated using seven key macro-economic variables: GDP, consumption, investment, prices, real wages, employment and the nominal interest rate. The introduction of eight orthogonal structural shocks (including productivity, labour supply, preference, cost-push and monetary policy shocks) allows for an empirical investigation of the effects of such shocks and of their contribution to business cycle fluctuations in the euro area. For example, it is found that productivity shocks account for only 10 percent of the long run variance in output. Using the estimated model, the paper then analyses the output (real interest rate) gap, defined as the difference between the actual and the flexible-price level of output (real interest rate). Finally, the estimated model is also used to analyse optimal monetary policy." @default.
- W1571016580 created "2016-06-24" @default.
- W1571016580 creator A5016475964 @default.
- W1571016580 creator A5067896114 @default.
- W1571016580 date "2002-01-01" @default.
- W1571016580 modified "2023-09-27" @default.
- W1571016580 title "MONETARY POLICY IN AN ESTIMATED STOCHASTIC DYNAMIC GENERAL EQUILIBRIUM MODEL OF THE EURO AREA" @default.
- W1571016580 cites W1496767079 @default.
- W1571016580 cites W1497933741 @default.
- W1571016580 cites W1505662982 @default.
- W1571016580 cites W1536701088 @default.
- W1571016580 cites W1544050452 @default.
- W1571016580 cites W1598614891 @default.
- W1571016580 cites W1703197180 @default.
- W1571016580 cites W1741204264 @default.
- W1571016580 cites W1887394597 @default.
- W1571016580 cites W1970433793 @default.
- W1571016580 cites W1976140283 @default.
- W1571016580 cites W1992365695 @default.
- W1571016580 cites W2066623530 @default.
- W1571016580 cites W2067783721 @default.
- W1571016580 cites W2068526608 @default.
- W1571016580 cites W2102944622 @default.
- W1571016580 cites W2123166856 @default.
- W1571016580 cites W2129524834 @default.
- W1571016580 cites W2146673837 @default.
- W1571016580 cites W2148925703 @default.
- W1571016580 cites W2151499120 @default.
- W1571016580 cites W2153187661 @default.
- W1571016580 cites W2160586573 @default.
- W1571016580 cites W2166755349 @default.
- W1571016580 cites W2614226046 @default.
- W1571016580 cites W2889627965 @default.
- W1571016580 cites W2890911258 @default.
- W1571016580 cites W2992573040 @default.
- W1571016580 cites W3082001677 @default.
- W1571016580 cites W3121269143 @default.
- W1571016580 cites W3121837500 @default.
- W1571016580 cites W3122092606 @default.
- W1571016580 cites W3122139994 @default.
- W1571016580 cites W3122210446 @default.
- W1571016580 cites W3122320231 @default.
- W1571016580 cites W3122535128 @default.
- W1571016580 cites W3122686575 @default.
- W1571016580 cites W3123084251 @default.
- W1571016580 cites W3123101529 @default.
- W1571016580 cites W3123235818 @default.
- W1571016580 cites W3123239241 @default.
- W1571016580 cites W3123325515 @default.
- W1571016580 cites W3123935426 @default.
- W1571016580 cites W3124291802 @default.
- W1571016580 cites W3124802807 @default.
- W1571016580 cites W3125135614 @default.
- W1571016580 cites W3125897711 @default.
- W1571016580 cites W3126103630 @default.
- W1571016580 hasPublicationYear "2002" @default.
- W1571016580 type Work @default.
- W1571016580 sameAs 1571016580 @default.
- W1571016580 citedByCount "37" @default.
- W1571016580 countsByYear W15710165802012 @default.
- W1571016580 countsByYear W15710165802015 @default.
- W1571016580 countsByYear W15710165802016 @default.
- W1571016580 crossrefType "posted-content" @default.
- W1571016580 hasAuthorship W1571016580A5016475964 @default.
- W1571016580 hasAuthorship W1571016580A5067896114 @default.
- W1571016580 hasConcept C103382277 @default.
- W1571016580 hasConcept C121955636 @default.
- W1571016580 hasConcept C126285488 @default.
- W1571016580 hasConcept C139719470 @default.
- W1571016580 hasConcept C144024400 @default.
- W1571016580 hasConcept C149782125 @default.
- W1571016580 hasConcept C154815372 @default.
- W1571016580 hasConcept C162324750 @default.
- W1571016580 hasConcept C175025494 @default.
- W1571016580 hasConcept C17744445 @default.
- W1571016580 hasConcept C196083921 @default.
- W1571016580 hasConcept C199539241 @default.
- W1571016580 hasConcept C204983608 @default.
- W1571016580 hasConcept C27548731 @default.
- W1571016580 hasConcept C2777885895 @default.
- W1571016580 hasConcept C2778126366 @default.
- W1571016580 hasConcept C2779513878 @default.
- W1571016580 hasConcept C30772137 @default.
- W1571016580 hasConcept C36289849 @default.
- W1571016580 hasConcept C489367 @default.
- W1571016580 hasConcept C556758197 @default.
- W1571016580 hasConcept C83873408 @default.
- W1571016580 hasConcept C94625758 @default.
- W1571016580 hasConceptScore W1571016580C103382277 @default.
- W1571016580 hasConceptScore W1571016580C121955636 @default.
- W1571016580 hasConceptScore W1571016580C126285488 @default.
- W1571016580 hasConceptScore W1571016580C139719470 @default.
- W1571016580 hasConceptScore W1571016580C144024400 @default.
- W1571016580 hasConceptScore W1571016580C149782125 @default.
- W1571016580 hasConceptScore W1571016580C154815372 @default.
- W1571016580 hasConceptScore W1571016580C162324750 @default.
- W1571016580 hasConceptScore W1571016580C175025494 @default.
- W1571016580 hasConceptScore W1571016580C17744445 @default.
- W1571016580 hasConceptScore W1571016580C196083921 @default.
- W1571016580 hasConceptScore W1571016580C199539241 @default.