Browsing by Author "689e39dae24b14cb3a2e832b3d711b6b"

Now showing items 1-5 of 5

2005-05-10Buch

Money Demand and Macroeconomic Stability Revisited

Schabert, Andreas; Stoltenberg, Christian

This paper examines how money demand induced real balance effects contribute to the determination of the price level, as suggested by Patinkin (1949,1965), and if they affect conditions for local equilibrium uniqueness and ...
2009-11-03Dissertation

Money talks and matters

three essays on the theory of monetary policy

Stoltenberg, Christian

Wie sollten Zentralbanken Geldpolitik gestalten und der Öffentlichkeit kommunizieren, um die Ökonomie bestmöglich zu stabilisieren? Diese Dissertation, bestehend aus drei selbständigen Essays in dynamischer Makroökonomik, ...
2006-10-12Buch

Optimal Interest Rate Stabilization in a Basic Sticky-Price Model

Paustian, Matthias; Stoltenberg, Christian

This paper studies optimal monetary policy with the nominal interest rate as the single policy instrument in an economy, where firms set prices in a staggered way without indexation and real money balances contribute ...
2007-07-13Buch

Optimal Policy Under Model Uncertainty

a Structural-Bayesian Estimation Approach

Kriwoluzky, Alexander; Stoltenberg, Christian

In this paper we propose a novel methodology to analyze optimal policies under model uncertainty in micro-founded macroeconomic models. As an application we assess the relevant sources of uncertainty for the optimal conduct ...
2006-10-12Buch

Real Balance Effects, Timing and Equilibrium Determination

Stoltenberg, Christian

This paper examines whether the existence and the timing of real balance effects contribute to the determination of the absolute price level, as suggested byPatinkin (1949,1965), and if they affect conditions for local ...