E12 - Keynes; Keynesian; Post-Keynesian - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:59:52+00:00Identifying Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation
https://www.bankofcanada.ca/2020/05/staff-working-paper-2020-17/
This paper identifies aggregate financial shocks and quantifies their effects on business investment based on an estimated DSGE model with firm-level heterogeneity. On average, financial shocks contribute only 3% of the variation in U.S. public firms’ aggregate investment.2020-05-19T09:07:43+00:00enIdentifying Aggregate Shocks with Micro-level Heterogeneity: Financial Shocks and Investment Fluctuation2020-05-19Business fluctuations and cyclesFirm dynamicsStaff Working Paper 2020-17https://www.bankofcanada.ca/wp-content/uploads/2020/05/swp2020-17.pdfStaff Working Paper 2020-17Xing GuoMay 2020EE1E12E2E22GG3G31G32The Power of Helicopter Money Revisited: A New Keynesian Perspective
https://www.bankofcanada.ca/2020/02/staff-discussion-paper-2020-1/
We analyze money financing of fiscal transfers (helicopter money) in two simple New Keynesian models: a “textbook” model in which all money is non-interest-bearing (e.g., all money is currency), and a more realistic model with interest-bearing reserves.2020-02-07T16:29:53+00:00enThe Power of Helicopter Money Revisited: A New Keynesian Perspective2020-02-07CredibilityEconomic modelsFiscal policyInflation targetsInterest ratesMonetary policyMonetary policy and uncertaintyMonetary policy frameworkMonetary policy transmissionStaff Discussion Paper 2020-1https://www.bankofcanada.ca/wp-content/uploads/2020/02/sdp2020-1.pdfThe Power of Helicopter Money Revisited: A New Keynesian PerspectiveThomas J. CarterRhys R. MendesFebruary 2020EE1E12E4E41E43E5E51E52E58E6E61E63