Endogenous Money or Sticky Prices?

By Peter N. Ireland. 2002

238 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/138df341375e4c30238b52ba51b444bc47d2b282

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In Economics and Econometrics

Citations in the corpus

Two Illustrations of the Quantity Theory of Money: Breakdowns and Revivals (2011, unknown): “Equation (11) is a money demand equation of the type derived by Bennet McCallum and Edward Nelson (1999) and Ireland (2003).”
THE TRANSMISSION OF MONETARY POLICY IN A MULTISECTOR ECONOMY (2009, unknown): “The data set does not contain observations on j tPty j t ; but it is possible to construct estimates of ; ; and j using two of the following three ratios: (27)/(28), (27)/(29) and (28)/(29), and the condition j + j + j = 1 to obtain a system of three equations with three unknowns.”
New Keynesian models, durable goods, and collateral constraints (2009, background): “In the presence of a collateral constraint (equation (16)), the expression for the user cost is a¤ected by an additional element, namely the multiplier t.”
The financial accelerator in an estimated New Keynesian model (2008, methodology): “Ireland (2003) also reports that most of the output variance in his sticky-price model is attributed to investment shocks.”
A new comparative approach to macroeconomic modeling and policy analysis (2012, methodology): “6 NK_IR04: Ireland (2004)”
Assessing the predictive power of financial spreads in the euro area: does parameters instability matter? (2007, unknown): “Clarida et al. 1999; Christiano et al. 2001; Ireland 2001, 2002 ).”
Does inflation increase after a monetary policy tightening? Answers based on an estimated DSGE model ☆ (2007, background): “rate of capital, as in Ireland (2003) , or on the investment – capital ratio, as in Lettau (2003).”
Uncertainty Shocks in a Model of Effective Demand (2011, unknown): “Higher output with lower consumption implies that investment must rise via the national income accounts identity.”
Natural disasters impacting a macroeconomic model with endogenous dynamics (2008, background): “This fact is highlighted in Ireland (2003), who shows that the capital adjustment cost in the U.S. is changing over time because of structural economic changes.”
What is a realistic value for price adjustment costs in New Keynesian models? (2007, methodology): “One sticky price specification used by Ireland (1997, 2001, 2003), Kim (2000) and others is Rotemberg’s (1982) quadratic cost of nominal price adjustment.”