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Az új keynesi elvek alkalmazása a Fed, az IMF és az Európai Központi Bank modellezési gyakorlatában
[Application of new Keynesian principles in the modelling practice of the Fed, the IMF and the European Central Bank]

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  • Szabó-Bakos, Eszter

    ()

Abstract

A dolgozat áttekintés nyújt a dinamikus, sztochasztikus, általános egyensúlyi mo dellek (DSGE) alapját biztosító elvekről, s azokról a tényezőkről, melyek az alapmo dellt kiegészítve a rendszert gyakorlati használatra alkalmassá teszik. Néhány pél dán keresztül bemutatja továbbá, hogy három intézmény: az amerikai központi bank (Fed), a Nemzetközi Valutaalap (IMF), valamint az Európai Központi Bank (ECB) a DSGE modellek mely változatát használja, mely kérdések megválaszolását tartja le hetségesnek az általa kiépített rendszerben, s melyek a működtetéssel kapcsolatos eddigi tapasztalatai. Journal of Economic Literature (JEL) kód: E19, E32, E37.

Suggested Citation

  • Szabó-Bakos, Eszter, 2007. "Az új keynesi elvek alkalmazása a Fed, az IMF és az Európai Központi Bank modellezési gyakorlatában
    [Application of new Keynesian principles in the modelling practice of the Fed, the IMF and the Eu
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 415-434.
  • Handle: RePEc:ksa:szemle:916
    as

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    References listed on IDEAS

    as
    1. Smets, Frank & Wouters, Raf, 2002. "An estimated stochastic dynamic general equilibrium model of the euro area," Working Paper Series 0171, European Central Bank.
    2. Betts, Caroline & Devereux, Michael B., 1996. "The exchange rate in a model of pricing-to-market," European Economic Review, Elsevier, vol. 40(3-5), pages 1007-1021, April.
    3. Carl E. Walsh, 2003. "Monetary Theory and Policy, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232316, January.
    4. Bayoumi, Tamim & Laxton, Douglas & Pesenti, Paolo, 2004. "Benefits and spillovers of greater competition in Europe: a macroeconomic assessment," Working Paper Series 341, European Central Bank.
    5. Kydland, Finn E & Prescott, Edward C, 1982. "Time to Build and Aggregate Fluctuations," Econometrica, Econometric Society, vol. 50(6), pages 1345-1370, November.
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    7. Stephanie Schmitt-Grohe & Martin Uribe, 2005. "Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model: Expanded Version," NBER Working Papers 11417, National Bureau of Economic Research, Inc.
    8. Lawrence J. Christiano & Martin Eichenbaum & Charles L. Evans, 2005. "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy," Journal of Political Economy, University of Chicago Press, vol. 113(1), pages 1-45, February.
    9. Rotemberg, Julio J, 1982. "Sticky Prices in the United States," Journal of Political Economy, University of Chicago Press, vol. 90(6), pages 1187-1211, December.
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    12. Laxton, Douglas & Pesenti, Paolo, 2003. "Monetary rules for small, open, emerging economies," Journal of Monetary Economics, Elsevier, vol. 50(5), pages 1109-1146, July.
    13. Olivier Blanchard & Roberto Perotti, 2002. "An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output," The Quarterly Journal of Economics, Oxford University Press, vol. 117(4), pages 1329-1368.
    14. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
    15. Coenen, Günter & McAdam, Peter & Straub, Roland, 2008. "Tax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model," Journal of Economic Dynamics and Control, Elsevier, vol. 32(8), pages 2543-2583, August.
    16. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
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    More about this item

    JEL classification:

    • E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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