(De-)Stabilizing two-country macroeconomic interactions in an estimated model of the U.S. and the Euro Area

被引：0

作者：

Proaño C.R. ^{[1
]}

机构：

[1] Macroeconomic Policy Institute (IMK), Düsseldorf

来源：

International Economics and Economic Policy | 2009年 / 6卷 / 4期

关键词：

(D)AS-AD; Instability; International transmission mechanisms; Monetary policy; Wage-and price inflation dynamics;

D O I：

10.1007/s10368-009-0145-0

中图分类号：

学科分类号：

摘要：

In this paper a semi-structural macroeconomic model based on gradually adjusting wages and prices and hybrid, cross-over inflation expectation formation is analyzed and estimated with aggregate data of the U.S. and the Euro Area. Besides comparing, among other things, the determinants of the wage- and price inflation dynamics in both economies, the role of different macroeconomic transmission channels for the stability of the two-country system is investigated. © Springer-Verlag 2009.

引用

页码：421 / 443

页数：22

共 6 条

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[J]. EMPIRICAL ECONOMICS, 2019, 56 (04) : 1283 - 1323
[6] Estimating and forecasting with a two-country DSGE model of the Euro area and the USA: the merits of diverging interest-rate rules
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[J]. Empirical Economics, 2019, 56 : 1283 - 1323

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