A dynamic general equilibrium economy in which output is exogenous with respect to money is calibrated and simulated following a procedure commonly used in the real business cycle literature. It is then confronted with key comovement patterns of output and nominal variables in post-war U.S. time ...
Causality and correlations of output and nominal variables in a real business cycle model - Huh - 1993Huh, Chan G. (1993) “Causality and Correlations of Output and Nominal Variables in a Real Business Cycle model,” Journal of Monetary Economics, August 1993, 32(1), 147-68. :...
A Stanimir - 《Mathematical Economics》 被引量: 1发表: 2011年 Hierarchical Cluster Analysis of Nominal Data [R package nomclust version 2.2.1] Presented in this paper the method of graphical presentation of the relationship between nominal variables and their categories gives the opportunity for an...
By Mike Moffatt http://economics.about.com/cs/macrohelp/a/nominal_vs_real.htm Real Variables and Nominal Variables Explained [Q:] I'm learning economics and I keep hearing the terms nominal and real all the time to describe things like interest rates. What's the difference between nominal ...
What is the difference between nominal and real economic variables? Why do economists tend to concentrate on changes in real magnitudes? What does the term "real" mean in economics? How do you derive a real value from a nominal value in economics? In economics, explain the term "nomin...
The variables that mat... P Bacchetta,E Van Wincoop - Swiss National Bank, Study Center Gerzensee 被引量: 206发表: 2004年 French-German Interest Rate Differentials and Time-Varying Realignment Risk This paper explores the determinants of realignment expectations for the French franc--deutsche ...
Economics - Table of Contents ► Fundamentals of Economics ► Microeconomics ► Market Models: Competition, Oligopoly, and Monopoly ► Economic Resources ▼Macroeconomics Introduction to MacroeconomicsMacroeconomic Terms and VariablesGross Domestic Product (GDP); Calculating GDP Using the Expenditures App...
N Varlik,PF Gebeolu - 《International Journal of Contemporary Economics & Administrative Sciences》 被引量: 0发表: 2021年 Inflation uncertainty We use a Markov regime switching structural GARCH-in-Mean VAR model for the inflation rate, the output gap, and a short-term nominal interest rate, to...
nounthe measure of an economy adopted by the United States in 1991 Synonyms GDP Related Words value Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. Want to thank TFD for its existence?Tell a friend about us, add a link to this page, or ...
The model is calibrated to capture important dynamics of United States macroeconomic variables and stock returns. Different model specifications are Understanding the mechanism This section explains why expected excess returns on production claims are amplified by nominal rigidities, mainly as a compensation...