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Transmission mechanisms of shocks in open economy and new Keynesian DSGE models
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Florence : European University Institute, 2007
EUI; ECO; PhD Thesis
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ENDERS, Zeno, Transmission mechanisms of shocks in open economy and new Keynesian DSGE models, Florence : European University Institute, 2007, EUI, ECO, PhD Thesis - https://hdl.handle.net/1814/7010
Abstract
This thesis deals with the transmission of shocks, i.e. how economics adjust to unforeseen changes in either exogenous circumstances or policy variables. It is divided in three parts, including this introduction. The second part, containing two chapters, is devoted to the transmission of monetary shocks in closed economies. Chapter 1 looks at frictions at the price-setters side and chapter 2 at frictions at the consumers' side. Both chapters are developing alternative, more micro-founded explanations to the nowadays standard model in New Keynesian Economics, in which price setters are exogenously forced to set prices only at random dates.
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Defence date : 25 May 2007
Examining Board: Prof. Rick van der Ploeg, (EUI, Supervisor) ; Prof. Giancarlo Corsetti, (EUI) ; Prof. Michael Burda, (Humboldt University) ; Prof. Jordi Gali, (Universitat Pompeu Fabra)
PDF of thesis uploaded from the Library digital archive of EUI PhD theses
Defence date : 25 May 2007; Examining Board: Prof. Rick van der Ploeg, (EUI) ; Prof. Giancarlo Corsetti, (EUI) ; Prof. Michael Burda, (Humboldt University) ; Prof. Jordi Gali, (Universitat Pompeu Fabra); PDF of thesis uploaded from the Library digital archive of EUI PhD theses
Examining Board: Prof. Rick van der Ploeg, (EUI, Supervisor) ; Prof. Giancarlo Corsetti, (EUI) ; Prof. Michael Burda, (Humboldt University) ; Prof. Jordi Gali, (Universitat Pompeu Fabra)
PDF of thesis uploaded from the Library digital archive of EUI PhD theses
Defence date : 25 May 2007; Examining Board: Prof. Rick van der Ploeg, (EUI) ; Prof. Giancarlo Corsetti, (EUI) ; Prof. Michael Burda, (Humboldt University) ; Prof. Jordi Gali, (Universitat Pompeu Fabra); PDF of thesis uploaded from the Library digital archive of EUI PhD theses