Endogeneity of Credit or Nominal Rigidities?: Econometric analysis of causes of business cycles - Softcover

France, Vaclav

Softcover

ISBN 10: 3844308873 ISBN 13: 9783844308877

Verlag: LAP LAMBERT Academic Publishing, 2011

Inhaltsangabe

This book presents a theoretical model which tries to explain causes of business cycles ?uctuations and which has its roots in the Post-Keynesian stream of economic thought. According to this model, investment shocks together with endogeneity of money causes business cycles ?uctuations. This model is compared with existing New Keynesian models which assert that causes of business cycles ?uctuations are monetary policy shocks together with various nominal and real rigidities. Author uses econometric techniques(impulse-response functions and forecast error variance decomposition) to investigate which phenomenon contributes more to business cycles ?uctuations. Unfortunately, results do not enable to draw a straightforward conclusion. It seems that both phenomena play a certain role.

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Über die Autorin bzw. den Autor

Author received his bachelor`s and master`s degree at Institute of Economic Studies of Charles University in Prague (IES). He is currently (2011) a PhD student at Center for Economic Research & Graduate Education - Economics Institute (CERGE-EI) of Charles University in Prague. Author`s research interest is macroeconomics.

Details zur Ausgabe

• Verlag: LAP LAMBERT Academic Publishing
• Erscheinungsdatum: 2011
• Sprache: Englisch
• ISBN 10: 3844308873
• ISBN 13: 9783844308877
• Einband: Taschenbuch
• Anzahl der Seiten: 92
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: JustFiction Edition; customerservice@vdm-vsg.de; ; Brivibas gatve 197; Riga; 1039; Lettland