Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/4985
Título: Responses of inflation and output to monetary shocks in a Baumol-Tobin model
Autor: Verheij, Thomas Joel
Orientador: Adão, Bernardino
Palavras-chave: cash-in-advance models
market segmentation
interest rate shocks
Data de Defesa: Set-2012
Editora: Instituto Superior de Economia e Gestão
Citação: Verheij, Thomas Joel. 2012. "Responses of inflation and output to monetary shocks in a Baumol-Tobin model". Dissertação de Mestrado. Universidade Técnica de Lisboa. Instituto Superior de Economia e Gestão.
Resumo: The question of how monetary policy a¤ects the main economic variables remains one of the most important questions of the economic literature. With this dissertation I will try to contribute to the literature to answer this question. I will create a general equilibrium model with market segmentation based on the model of Alvarez et al (2009). The agents of the model will make transactions between money and bonds every N periods. The money is needed to buy goods but does not receive interest. The novelty of my model is that production will be endogenous. I will introduce a shock to the nominal interest rate and obtain the responses of in ation and output. The main conclusions are twofold. In the rst place, I obtain that the shock to the nominal interest rate has real e¤ects because in ation responds sluggishly. In the second place, I obtain that the response of in ation changes signi cantly when production is endogenous instead of exogenous.
Descrição: Mestrado em Economia Monetária e Financeira
URI: http://hdl.handle.net/10400.5/4985
Aparece nas colecções:BISEG - Dissertações de Mestrado / Master Thesis
DE - Dissertações de Mestrado / Master Thesis

Ficheiros deste registo:
Ficheiro Descrição TamanhoFormato 
DM-TJV-2012.pdf454,46 kBAdobe PDFVer/Abrir


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote Degois 

Todos os registos no repositório estão protegidos por leis de copyright, com todos os direitos reservados.