Does inflation increase after a monetary policy tightening? Answers based on an estimated DSGE model

DOI10.1016/j.jedc.2006.01.008zbMath1163.91533OpenAlexW2068984728MaRDI QIDQ1017011

Pau Rabanal

Publication date: 18 May 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2006.01.008

zbMATH Keywords

United StatesBayesian methodsNew Keynesian modelsprice puzzle

Mathematics Subject Classification ID

Applications of statistics to actuarial sciences and financial mathematics (62P05) Bayesian inference (62F15) Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items

Changes in the effects of monetary policy on disaggregate price dynamics ⋮ Optimal monetary policy under learning and structural uncertainty in a New Keynesian model with a cost channel and inflation inertia ⋮ Uncertainty-dependent effects of monetary policy shocks: a new-Keynesian interpretation ⋮ The cost-channel of monetary transmission under positive trend inflation ⋮ Can exchange rate pass-through explain the price puzzle? ⋮ THE COST CHANNEL OF MONETARY POLICY AND INDETERMINACY

Uses Software

• Uhlig Toolkit

Cites Work

• Comparing dynamic equilibrium models to data: a Bayesian approach
• A Bayesian approach to dynamic macroeconomics
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Bayes Factors