Monetary policy and sunspot fluctuations in the United States and the euro area

DOI10.1017/S1365100510001008MaRDI QIDQ2843397zbMATH OpenFDO

Authors Yasuo Hirose

Publication date 22 August 2013

Published in Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

Bayesian analysisindeterminacymonetary policyNew Keynesian modelopen economy modelsunspot shock

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Special types of economic equilibria (91B52)

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Cites work

• Computing sunspot equilibria in linear rational expectations models
• Methods to estimate dynamic stochastic general equilibrium models
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• Option pricing with an illiquid underlying asset market
• Solving linear rational expectations models
• The Solution of Linear Difference Models under Rational Expectations
• Understanding Markov-switching rational expectations models
• Using simulation methods for bayesian econometric models: inference, development,and communication

Cited in

(8)

• ON SUNSPOTS, HABITS, AND MONETARY FACTS
• Introduction to sunspots in macroeconomics
• An estimated stochastic general equilibrium model with partial dollarization: a Bayesian approach
• Monetary policy and stable indeterminacy with inertia
• Erratum to ``Sunspot fluctuations under zero nominal interest rates [Economics Letters 97 (2007) 39-45]
• Shocks, structures or monetary policies? The euro area and US after 2001
• Sunspot fluctuations under zero nominal interest rates
• Money growth targeting and indeterminacy in small open economies

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