More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am Main
Dt. Bundesbank
2009
|
| Schriftenreihe: | Discussion paper / Deutsche Bundesbank : Series 1, economic studies
2009,23 |
| Schlagworte: | |
| Online-Zugang: | kostenfrei Inhaltsverzeichnis |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV035694551 | ||
| 003 | DE-604 | ||
| 005 | 20191210 | ||
| 007 | t| | ||
| 008 | 090826s2009 xx d||| |||| 00||| eng d | ||
| 020 | |a 9783865585493 |9 978-3-86558-549-3 | ||
| 020 | |a 9783865585509 |9 978-3-86558-550-9 | ||
| 035 | |a (OCoLC)444926364 | ||
| 035 | |a (DE-599)BVBBV035694551 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-20 |a DE-945 |a DE-12 |a DE-355 |a DE-188 | ||
| 084 | |a QK 900 |0 (DE-625)141685: |2 rvk | ||
| 245 | 1 | 0 | |a More or less aggressive? |b Robust monetary policy in a New Keynesian model with financial distress |c Rafael Gerke ; Felix Hammermann ; Vivien Lewis |
| 264 | 1 | |a Frankfurt am Main |b Dt. Bundesbank |c 2009 | |
| 300 | |a 36 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Discussion paper / Deutsche Bundesbank : Series 1, economic studies |v 2009,23 | |
| 500 | |a Auch im Internet verfügbar. - Zsfassung in dt. Sprache | ||
| 650 | 0 | 7 | |a Keynessche Theorie |0 (DE-588)4030426-7 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Kreditgefährdung |0 (DE-588)4165577-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Geldpolitik |0 (DE-588)4019902-2 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Notenbank |0 (DE-588)4042669-5 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Notenbank |0 (DE-588)4042669-5 |D s |
| 689 | 0 | 1 | |a Geldpolitik |0 (DE-588)4019902-2 |D s |
| 689 | 0 | 2 | |a Kreditgefährdung |0 (DE-588)4165577-1 |D s |
| 689 | 0 | 3 | |a Keynessche Theorie |0 (DE-588)4030426-7 |D s |
| 689 | 0 | |C b |5 DE-604 | |
| 700 | 1 | |a Gerke, Rafael |e Sonstige |4 oth | |
| 700 | 1 | |a Hammermann, Felix |d 1976- |e Sonstige |0 (DE-588)133125556 |4 oth | |
| 700 | 1 | |a Lewis, Vivien |e Sonstige |0 (DE-588)1194500641 |4 oth | |
| 810 | 2 | |a Deutsche Bundesbank |t Discussion paper |v Series 1, economic studies ; 2009,23 |w (DE-604)BV017594637 |9 2009,23 | |
| 856 | 4 | 1 | |u http://hdl.handle.net/10419/27749 |x Verlag |z kostenfrei |3 Volltext |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017748572&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 912 | |a ebook | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-017748572 | |
Datensatz im Suchindex
| DE-BY-UBR_call_number | 00/QB 910 D486 B9 |
|---|---|
| DE-BY-UBR_katkey | 4535343 |
| DE-BY-UBR_location | 00 |
| DE-BY-UBR_media_number | 069036309906 |
| _version_ | 1822756302488600576 |
| adam_text |
Titel: More or less aggressive?
Autor: Gerke, Rafael
Jahr: 2009
Contents
1 Introduction 1
2 Model 3
2.1 A bird's eye view 3
2.2 Households 3
2.3 Firms 5
2.4 Banks 5
2.5 Interest rates 7
2.6 Steady state and calibration 10
2.7 Linearised model 10
3 Taking into account model uncertainty: Robust control 11
4 Cost-push shock 13
4.1 Optimal discretion 13
4.2 Optimal discretion under model uncertainty 16
5 Financial distress 17
5.1 Optimal discretion 17
5.2 Optimal discretion under model uncertainty 19
6 Conclusions 23
Appendix 25
References 26
Lists of Tables and Figures
Table 1 Calibration of parameters
Table 2 Losses with XM = 0.1
Table 3 Parameters of optimal instrument rules for a loss
function with ^.=0.1
Table 4 Parameters of optimal instrument rules for a loss
function with XAi = 1
Table 5 Losses with XM = 1
Table la Increases of aggressiveness in percent for different
weights of XAl
Table 2a Parameters of optimal instrument rules for different
weights of XAi
Table 3 a Losses for different weights of XAi
10
16
17
23
23
25
25
25
Figure 1 Responses to cost-push shock for XAi =0.1
Figure 2 Responses to shock to collateral for Xu - 0.1
Figure 3 Increases of aggressiveness in percent for different
weights of XAj
Figure 4 Absolute changes in aggressiveness for different weights
15
18
20
21
of X
'A;
Figure 5
Responses to shock to collateral for XM = 1
22 |
| any_adam_object | 1 |
| author_GND | (DE-588)133125556 (DE-588)1194500641 |
| building | Verbundindex |
| bvnumber | BV035694551 |
| classification_rvk | QK 900 |
| collection | ebook |
| ctrlnum | (OCoLC)444926364 (DE-599)BVBBV035694551 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000 cb4500</leader><controlfield tag="001">BV035694551</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20191210</controlfield><controlfield tag="007">t|</controlfield><controlfield tag="008">090826s2009 xx d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783865585493</subfield><subfield code="9">978-3-86558-549-3</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783865585509</subfield><subfield code="9">978-3-86558-550-9</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)444926364</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV035694551</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield><subfield code="a">DE-945</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 900</subfield><subfield code="0">(DE-625)141685:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">More or less aggressive?</subfield><subfield code="b">Robust monetary policy in a New Keynesian model with financial distress</subfield><subfield code="c">Rafael Gerke ; Felix Hammermann ; Vivien Lewis</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Frankfurt am Main</subfield><subfield code="b">Dt. Bundesbank</subfield><subfield code="c">2009</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">36 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Discussion paper / Deutsche Bundesbank : Series 1, economic studies</subfield><subfield code="v">2009,23</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Auch im Internet verfügbar. - Zsfassung in dt. Sprache</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Keynessche Theorie</subfield><subfield code="0">(DE-588)4030426-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kreditgefährdung</subfield><subfield code="0">(DE-588)4165577-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Geldpolitik</subfield><subfield code="0">(DE-588)4019902-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Notenbank</subfield><subfield code="0">(DE-588)4042669-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Notenbank</subfield><subfield code="0">(DE-588)4042669-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Geldpolitik</subfield><subfield code="0">(DE-588)4019902-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Kreditgefährdung</subfield><subfield code="0">(DE-588)4165577-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Keynessche Theorie</subfield><subfield code="0">(DE-588)4030426-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="C">b</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Gerke, Rafael</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Hammermann, Felix</subfield><subfield code="d">1976-</subfield><subfield code="e">Sonstige</subfield><subfield code="0">(DE-588)133125556</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Lewis, Vivien</subfield><subfield code="e">Sonstige</subfield><subfield code="0">(DE-588)1194500641</subfield><subfield code="4">oth</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">Deutsche Bundesbank</subfield><subfield code="t">Discussion paper</subfield><subfield code="v">Series 1, economic studies ; 2009,23</subfield><subfield code="w">(DE-604)BV017594637</subfield><subfield code="9">2009,23</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://hdl.handle.net/10419/27749</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017748572&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ebook</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-017748572</subfield></datafield></record></collection> |
| id | DE-604.BV035694551 |
| illustrated | Illustrated |
| indexdate | 2025-01-03T08:43:18Z |
| institution | BVB |
| isbn | 9783865585493 9783865585509 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-017748572 |
| oclc_num | 444926364 |
| open_access_boolean | 1 |
| owner | DE-20 DE-945 DE-12 DE-355 DE-BY-UBR DE-188 |
| owner_facet | DE-20 DE-945 DE-12 DE-355 DE-BY-UBR DE-188 |
| physical | 36 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2009 |
| publishDateSearch | 2009 |
| publishDateSort | 2009 |
| publisher | Dt. Bundesbank |
| record_format | marc |
| series2 | Discussion paper / Deutsche Bundesbank : Series 1, economic studies |
| spellingShingle | More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress Keynessche Theorie (DE-588)4030426-7 gnd Kreditgefährdung (DE-588)4165577-1 gnd Geldpolitik (DE-588)4019902-2 gnd Notenbank (DE-588)4042669-5 gnd |
| subject_GND | (DE-588)4030426-7 (DE-588)4165577-1 (DE-588)4019902-2 (DE-588)4042669-5 |
| title | More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress |
| title_auth | More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress |
| title_exact_search | More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress |
| title_full | More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress Rafael Gerke ; Felix Hammermann ; Vivien Lewis |
| title_fullStr | More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress Rafael Gerke ; Felix Hammermann ; Vivien Lewis |
| title_full_unstemmed | More or less aggressive? Robust monetary policy in a New Keynesian model with financial distress Rafael Gerke ; Felix Hammermann ; Vivien Lewis |
| title_short | More or less aggressive? |
| title_sort | more or less aggressive robust monetary policy in a new keynesian model with financial distress |
| title_sub | Robust monetary policy in a New Keynesian model with financial distress |
| topic | Keynessche Theorie (DE-588)4030426-7 gnd Kreditgefährdung (DE-588)4165577-1 gnd Geldpolitik (DE-588)4019902-2 gnd Notenbank (DE-588)4042669-5 gnd |
| topic_facet | Keynessche Theorie Kreditgefährdung Geldpolitik Notenbank |
| url | http://hdl.handle.net/10419/27749 http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017748572&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV017594637 |
| work_keys_str_mv | AT gerkerafael moreorlessaggressiverobustmonetarypolicyinanewkeynesianmodelwithfinancialdistress AT hammermannfelix moreorlessaggressiverobustmonetarypolicyinanewkeynesianmodelwithfinancialdistress AT lewisvivien moreorlessaggressiverobustmonetarypolicyinanewkeynesianmodelwithfinancialdistress |