Euler equations and money market interest rates: A challenge for monetary policy models
By M. Canzoneri, R. Cumby, B. Diba. 2007
135 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/138bfd935544ef54f181454b07b2e93172fe4386
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In Economics and Econometrics
- Benjamin Moll
- Alejandro Justiniano
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Citations in the corpus
- Microeconomic Heterogeneity and Macroeconomic Shocks (2018, unknown): “Analyses using aggregate time-series data typically find that, after controlling for aggregate income, consumption is not very responsive to changes in interest rates (Deaton, 1987; Campbell and Mankiw, 1989; Yogo, 2004; Canzoneri et al., 2007).”
- Investment shocks and business cycles (2010, background): “also Canzoneri, Cumby, and Diba (2007) and Atkeson and Kehoe (2008)).”
- CENTRAL BANK POLICIES AND INCOME AND WEALTH INEQUALITY: A SURVEY (2019, unknown): “Macroeconometric analysis of aggregate time-series data finds a low sensitivity of consumption to changes in the interest rate after controlling for income (Campbell and Mankiw, 1989; Yogo, 2004; Canzoneri et al. , 2007).”
- The Equilibrium Real Funds Rate: Past, Present, and Future (2016, unknown): “The model, however, implies counterfactual relations between nominal and real rates (Canzoneri et al. (2007)).”
- Aggregate Implications of a Credit Crunch: The Importance of Heterogeneity (2015, background): “We have shown that a credit crunch shows up as an efficiency wedge if there is heterogeneity in the productivity of final 46 Related, Canzoneri, Cumby, and Diba (2007) have shown that the interest rate implicit in an Euler equation with aggregate consumption covaries negatively with the Federal…”
- Some Evidence on Secular Drivers of US Safe Real Rates (2017, unknown): “Further, in our view, the mixed picture of signs and significance is consistent with the large literature that finds the intertemporal IS equation wanting (e.g., Canzoneri et al. (2007)).”