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Document Type : Latin Dissertation
Language of Document : English
Record Number : 149217
Doc. No : ET21009
Main Entry : Jian Chang, M.A.
Title Proper : Oil Shocks in New Keynesian Models: Positive and Normative Implications
Note : This document is digital این مدرک بصورت الکترونیکی می باشد
Abstract : Chapter 1 investigates optimal monetary policy response towards oil shocksin a New Keynesian model. We find that optimal policy, in general, becomescontractionary in response to an adverse oil shock. However, the optimal policy ruleand the inflation-output trade-off depend on the specific structure of the model.The benchmark economy consists of a flexible-price energy sector and a sticky-price manufacturing sector. We show that optimal policy is to stabilize the coreprice level. We then show that after incorporating a less oil-dependent sticky-price.
Subject : Electericl tess
: برق
electronic file name : TL44156.pdf
Title and statement of responsibility and : Oil Shocks in New Keynesian Models: Positive and Normative Implications [Thesis]
 
 
 
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