Uneingeschränkter Zugang

Some Notes on Historical, Theoretical, and Empirical Background of DSGE Models

   | 10. Juli 2014

Zitieren

AKERLOF, G. A., YELLEN, J. L. (1985a). A Near-Rational Model of Business Cycle with Wage and Price Inertia. Quarterly Journal of Economics, 100(Supplement), pp. 823-838.10.1093/qje/100.Supplement.823Search in Google Scholar

AKERLOF, G. A., YELLEN, J. L. (1985b). Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria? American Economic Review, 75(4), pp. 708-720.Search in Google Scholar

AKERLOF, G. A., YELLEN, J. L., (eds.), (1986). Efficiency Wage Models of the Labor Market. Cambridge: Cambridge University Press.10.1017/CBO9780511559594Search in Google Scholar

ALTISSIMO, F., EHRMANN, M., SMETS, F. (2006a). Inflation Persistence and Price- Setting Behaviour in the Euro Area: A Summary of the IPN Evidence. European Central Bank, Occasional Paper Series 46.10.2139/ssrn.807420Search in Google Scholar

ALTISSIMO, F., BILKE, L., LEVIN, A., MATHÄ, T., MOJON, B. (2006b). Sectoral and Aggregate Inflation Dynamics in the Euro Area. Journal of the European Economic Association, 4(2-3), pp. 585-593.10.1162/jeea.2006.4.2-3.585Search in Google Scholar

ÁLVAREZ, L. J., et al. (2006). Sticky Prices in the Euro Area: A Summary of New Micro-Evidence. Journal of the European Economic Association, 4(2-3), pp. 575-584.10.1162/jeea.2006.4.2-3.575Search in Google Scholar

ANGELONI, I., et al. (2006). New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modeling. Journal of the European Economic Association, 4(2-3), pp. 562-574.10.1162/jeea.2006.4.2-3.562Search in Google Scholar

AZARIADIS, C. (1975). Implicit Contracts and Underemployment Equilibria. Journal of Political Economy, 83(6), pp. 1183-1202.10.1086/260388Search in Google Scholar

BAILY, M. N. (1974). Wages and Employment under Uncertain Demand. Review of Economic Studies, 41(1), pp. 37-50.10.2307/2296397Search in Google Scholar

BALL, L. (1994). Credible Disinflation with Staggered Price Setting. American Economic Review, 84(1), pp. 282-289.Search in Google Scholar

BALL, L., CECCHETTI, S. G. (1988). Imperfect Information and Staggered Price Setting. American Economic Review, 78(5), pp. 999-1018.Search in Google Scholar

BALL, L., MANKIW, N. G., REIS, R. (2005). Monetary Policy for Inattentive Economies.10.1016/j.jmoneco.2005.03.002Search in Google Scholar

Journal of Monetary Economics, 52(4), pp. 703-725.Search in Google Scholar

BALL, L., ROMER, D. (1989). Are Prices too Sticky? Quarterly Journal of Economics, 104(3), pp. 507-524.Search in Google Scholar

BALL, L., ROMER, D. (1990). Real Rigidities and the Non-Neutrality of Money. Review of Economic Studies, 57(2), pp. 183-203.10.2307/2297377Search in Google Scholar

BALL, L., ROMER, D. (1991). Sticky Prices as Coordination Failure. American Economic Review, 81(3), pp. 539-552.Search in Google Scholar

BARDHAN, P. (1993). Economics of Development and the Development of Economics. Journal of Economic Perspectives, 7(2), pp. 129-142.10.1257/jep.7.2.129Search in Google Scholar

BATINI, N., NELSON, E. (2001). The Lag from Monetary Policy Actions to Inflation: Friedman Revisited. International Finance, 4(3), pp. 381-400.10.1111/1468-2362.00079Search in Google Scholar

BHASKAR, V., MACHIN, S., REID, G. C. (1993). Price and Quantity Adjustment over the Business Cycle: Evidence from Survey Data. Oxford Economic Papers, 45(2), pp. 257-268.10.1093/oxfordjournals.oep.a042091Search in Google Scholar

BILS, M., KLENOW, P. J. (2004). Some Evidence on the Importance of Sticky Prices. Journal of Political Economy, 112(5), pp. 947-985.10.1086/422559Search in Google Scholar

BLANCHARD, O., KIYOTAKI, N. (1987). Monopolistic Competition and the Effects of Aggregate Demand. American Economic Review, 77(4), pp. 647-666.Search in Google Scholar

BLINDER, A. S. (1991). Why are Prices Sticky? Preliminary Results from an Interview Study. American Economic Review, 81(2), pp. 89-96.10.3386/w3646Search in Google Scholar

BLINDER, A. S. (1994). On Sticky Prices: Academic Theories Meet the Real World. In Mankiw (ed.), Monetary Policy. Chicago: University of Chicago Press.Search in Google Scholar

CALVO, G. (1983). Staggered Prices in a Utility-maximizing Framework. Journal of Monetary Economics, 12(3), pp. 383-398.10.1016/0304-3932(83)90060-0Search in Google Scholar

CARLTON, D. W. (1986). The Rigidity of Prices. American Economic Review, 76(4), pp. 637-658.10.3386/w1813Search in Google Scholar

CARLTON, D. W. (1987). The Theory and the Facts of How Markets Clear: Is Industrial Organization Valuable for Understanding Macroeconomics? NBER Working Paper No. 2178.Search in Google Scholar

CHRISTIANO, L. J., EICHENBAUM, M., EVANS, C. L. (1998). Monetary Policy Shocks: What Have We Learned and to What End? NBER Working Paper No. 6400.Search in Google Scholar

COENEN, G., STRAUB, R. (2005). Does Government Spending Crowd in Private Consumption? Theory and Empirical Evidence for the Euro Area. International Finance, 8(3), pp. 435-470. 10.1111/j.1468-2362.2005.00166.xSearch in Google Scholar

DIEBOLD, F. X. (1998). The Past, Present, and Future of Macroeconomic Forecasting. Journal of Economic Perspectives, 12(2), pp. 175-192.10.1257/jep.12.2.175Search in Google Scholar

DHYNE, E., et al. (2006). Price Changes in the Euro Area and the United States: Some Facts from Individual Consumer Price Data. Journal of Economic Perspectives, 20(2), pp. 171-192.10.1257/jep.20.2.171Search in Google Scholar

ERCEG, C. J., HENDERSON, D. W., LEVIN, A. T. (2000). Optimal Monetary Policy with Staggered Wage and Price Contracts. Journal of Monetary Economics, 46(2), pp. 281-313.10.1016/S0304-3932(00)00028-3Search in Google Scholar

FABIANI, S., et al. (2005). The Pricing Behaviour of Firms in the Euro Area: New Survey Evidence. ECB Working Paper No. 535.Search in Google Scholar

FISHER, S. (1977). Long-term Contracts, Rational Expectations, and the Optimal Money Supply Rule. Journal of Political Economy, 85(1), pp. 191-205.10.1086/260551Search in Google Scholar

FRIEDMAN, M. (1972). Have Monetary Policies Failed? American Economic Review, 62(1/2), pp. 11-18.Search in Google Scholar

FRIEDMAN, M., SCHWARTZ, A. J. (1963). A Monetary History of the United States, 1867-1960. Princeton: Princeton University Press.Search in Google Scholar

GALÍ, J. (2008). Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework. Princeton: Princeton University Press.Search in Google Scholar

GALÍ, J., GERTLER, M. (1999). Inflation Dynamics: A Structural Econometric Analysis. Journal of Monetary Economics, 44(2), pp. 195-222.10.1016/S0304-3932(99)00023-9Search in Google Scholar

GALÍ, J., RABANAL, P. (2005). Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data? IMF Working Paper 04/234.Search in Google Scholar

GOODFRIEND, M., KING, R. G. (1997). The New Neoclassical Synthesis and the Role of Monetary Policy. NBER Macroeconomics Annual, 12, pp. 231-296.10.1086/654336Search in Google Scholar

GORDON, D. F. (1974). A Neo-Classical Theory of Keynesian Unemployment. Economic Inquiry, 12(4), pp. 431-459.10.1111/j.1465-7295.1974.tb00415.xSearch in Google Scholar

GORDON, R. J. (1981). Output Fluctuations and Gradual Price Adjustment. Journal of Economic Literature, 19(2), pp. 493-530.10.3386/w0621Search in Google Scholar

HALEY, J. (1990). Theoretical Foundations of Sticky Wages. Journal of Economic Surveys, 4(2), pp. 115-155.10.1111/j.1467-6419.1990.tb00083.xSearch in Google Scholar

KATZ, L. F. (1986). Efficiency Wage Theories: A Partial Evaluation. NBER Macroeconomics Annual, 1, pp. 235-290.10.1086/654025Search in Google Scholar

KEYNES, J. M. (1936). The General Theory of Employment, Interest and Money. London: Macmillan (reprinted 2007).Search in Google Scholar

KING, R. G., REBELO, S. T. (1999). Resuscitating Real Business Cycles. NBER Working Paper No. 7534.Search in Google Scholar

KLEIN, L. R., GOLDBERGER, A. S. (1955). An Econometric Model of the United States: 1929-1952. Amsterdam: North-Holland. KYDLAND, F. E., PRESCOTT, E. C. (1982). Time to Build and Aggregate Fluctuations. Econometrica, 50(6), pp. 1345-1370.Search in Google Scholar

LEIBENSTEIN, H. (1957). Economic Backwardness and Economic Growth. New York: Wiley.Search in Google Scholar

LONG, J. B., PLOSSER, C. I. (1983). Real Business Cycles. Journal of Political Economy, 91(1), pp. 39-69.10.1086/261128Search in Google Scholar

LUCAS, R. E. (1972). Expectations and the Neutrality of Money. Journal of Economic Theory, 4, pp. 103-124.10.1016/0022-0531(72)90142-1Search in Google Scholar

LUCAS, R. E. (1976). Econometric Policy Evaluation: A Critique. Carnegie Orchester Conference Series on Public Policy, 1(1), pp. 19-46.10.1016/S0167-2231(76)80003-6Search in Google Scholar

LUCAS, R. E., PRESCOTT, E. C. (1971). Investment Under Uncertainty. Econometrica, 39(5), pp. 659-681.10.2307/1909571Search in Google Scholar

MANKIW, N. G. (1985). Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly. Quarterly Journal of Economics, 100(2), pp. 529-537.10.2307/1885395Search in Google Scholar

MANKIW, N. G. (2000). The Savers-Spenders Theory of Fiscal Policy. American Economic Review, 90(2), pp. 120-125.10.1257/aer.90.2.120Search in Google Scholar

MANKIW, N. G., REIS, R. (2001). Sticky Information: A Model of Monetary Nonneutrality and Structural Slumps. NBER Working Paper No. 8614.10.3386/w8614Search in Google Scholar

MANKIW, N. G., REIS, R. (2002). Sticky Information Versus Sticky Prices: A Proposal To Replace The New Keynesian Phillips Curve. Quarterly Journal of Economics, 117(4), pp. 1295-1328.10.1162/003355302320935034Search in Google Scholar

MANKIW, N. G., REIS, R. (2006). Pervasive Stickiness. American Economic Review, 96(2), pp. 164-169.10.1257/000282806777211937Search in Google Scholar

MANKIW, N. G., REIS, R. (2007). Sticky Information in General Equilibrium. Journal of the European Economic Association, 5(2-3), pp. 603-613.10.1162/jeea.2007.5.2-3.603Search in Google Scholar

MANKIW, N. G., REIS, R. (2010). Imperfect Information and Aggregate Supply. NBER Working Paper No. 15773.10.3386/w15773Search in Google Scholar

MANKIW, N. G., ROMER, D., (eds.), (1991a). New Keynesian Economics, vol.1, Imperfect Competition and Sticky Prices. Cambridge: MIT Press.Search in Google Scholar

MANKIW, N. G., ROMER, D., (eds.), (1991b). New Keynesian Economics, vol.2, Coordination Failures and Real Rigidities. Cambridge: MIT Press.Search in Google Scholar

MARSHALL, A. (1920). Principles of Economics. (Revised Edition ed.). London: Macmillan; reprinted by Prometheus Books.Search in Google Scholar

MURÁRIK, R. (2011). Price Setting Behaviour in the Czech Republic, Micro Data Evidence. Statistika: Statistics and Economy Journal, 2011, pp. 24-41.Search in Google Scholar

MUTH, J. F. (1961). Rational Expectations and the Theory of Price Movements. Econometrica, 29(3), pp. 315-335. 10.2307/1909635Search in Google Scholar

NAKAMURA, E., STEINSSON, J. (2008). Five Facts about Prices: A Reevaluation of Menu Costs Models. Quarterly Journal of Economics, 123(4), pp. 1415-1464.10.1162/qjec.2008.123.4.1415Search in Google Scholar

NELSON, C. R. (1972). The Prediction Performance of the F.R.B.-M.I.T.-Penn Model of the U.S. Economy. American Economic Review, 62(5), pp. 902-917.Search in Google Scholar

OKUN, A. (1975). Inflation: Its Mechanics and Welfare Cost. Brookings Papers on Economic Activity, 2, pp. 351-401.10.2307/2534106Search in Google Scholar

OKUN, A. (1981). Prices and Quantities: A Macroeconomic Analysis. Washington: Brookings Institution.Search in Google Scholar

PHELPS, E. S. (1985). Political Economy: An Introductory Text. New York: W. W. Norton.Search in Google Scholar

PHELPS, E. S. (1990). Seven Schools of Macroeconomic Thought. Oxford: Oxford University Press.10.1093/0198283334.001.0001Search in Google Scholar

PHELPS, E. S., TAYLOR, J. B. (1977). Stabilizing Powers of Monetary Policy under Rational Expectations. Journal of Political Economy, 85(1), pp. 163-190.10.1086/260550Search in Google Scholar

PRESCOTT, E. C. (1986). Theory Ahead of Business Cycle Measurement. Quarterly Review, 10, pp. 9-22.10.21034/qr.1042Search in Google Scholar

PYTLARCZYK, E. (2007). Construction and Bayesian Estimation of DSGE Models for the EURO Area - A Statistical Framework. Saarbrücken: VDM Verlag Dr. Müller.Search in Google Scholar

REBELO, S. (2005). Real Business Cycle Models: Past, Present, and Future. Scandinavian Journal of Economics, 107(2), pp. 217-238.10.1111/j.1467-9442.2005.00405.xSearch in Google Scholar

REIS, R. (2006a). Inattentive Producers. Review of Economic Studies, 73(3), pp. 793-821.10.1111/j.1467-937X.2006.00396.xSearch in Google Scholar

REIS, R. (2006b). Inattentive Consumers. Journal of Monetary Economics, 53(8), pp. 1761-1800.10.1016/j.jmoneco.2006.03.001Search in Google Scholar

REIS, R. (2009a). Optimal Monetary Policy Rules in an Estimated Sticky-Information Model. American Economic Journal: Macroeconomics, 1(2), pp. 1-28.10.1257/mac.1.2.1Search in Google Scholar

REIS, R. (2009b). A Sticky-Information General-Equilibrium Model for Policy Analysis. NBER Working Paper No. 14732.10.3386/w14732Search in Google Scholar

ROTEMBERG, J. (1982). Monopolistic Price Adjustment and Aggregate Output. Review of Economic Studies, 49(4), pp. 517-531.10.2307/2297284Search in Google Scholar

SLOBODYAN, S., WOUTERS, R. (2012). Learning in an estimated medium-scale DSGE model. Journal of Economic Dynamics and Control, 36(1), pp. 26-46.10.1016/j.jedc.2011.01.016Search in Google Scholar

SNOWDON, B., VANE, H. R. (2005). Modern Macroeconomics: Its Origins, Development and Current State. Cheltenham: Edward Elgar Publishing.Search in Google Scholar

SOJKA, M. (2010). Dejiny ekonomických teorií. Praha: Havlícek Brain Team.Search in Google Scholar

SOLOW, R. (1979). Another Possible Source of Wage Stickiness. Journal of Macroeconomics, 1(1), pp. 79-82. STIGLITZ, J. (1987). The Causes and Consequences of the Dependency of Quality on Prices. Journal of Economic Literature, 25(1), pp. 1-48.Search in Google Scholar

SUMMERS, L. H. (1986). Some Skeptical Observations on Real Business Cycle Theory. Quarterly Review, issue Fall, pp. 23-27.Search in Google Scholar

TAYLOR, J. B. (1980). Aggregate Dynamics and Staggered Contracts. Journal of Political Economy, 88(1), pp. 1-23.10.1086/260845Search in Google Scholar

TAYLOR, J. B. (1998). Staggered Price and Wage Setting in Macroeconomics. NBER Working Paper No. 6754.10.3386/w6754Search in Google Scholar

VERMEULEN, P., et al. (2007). Price Setting in the Euro Area: Some Stylised Facts from Individual Producer Price Data. ECB Working Paper No. 727.Search in Google Scholar

WEISS, A. (1991). Efficiency Wages: Models of Unemployment, Layoffs and Wage Dispersion, Princeton: Princeton University Press.10.1515/9781400862061Search in Google Scholar

WOODFORD, M. (2003). Interest and Prices: Foundations of a Theory of Monetary Policy.Princeton: Princeton University Press.Search in Google Scholar

YELLEN, J. L. (1984). Efficiency Wage Models of Unemployment. American Economic Review, 74(2), pp. 200-205.Search in Google Scholar

YUN, T. (1996). Nominal Price Rigidity, Money Supply Endogeneity, and Business Cycles. Journal of Monetary Economics, 37(2-3), pp. 345-370. 10.1016/0304-3932(96)01246-9Search in Google Scholar

eISSN:
1804-1663
Sprache:
Englisch
Zeitrahmen der Veröffentlichung:
4 Hefte pro Jahr
Fachgebiete der Zeitschrift:
Wirtschaftswissenschaften, Volkswirtschaft, Wirtschaftstheorie, -systeme und -strukturen