Now showing items 1-6 of 6

    • Business cycle and monetary policy analysis in a structural sticky price model of the euro area 

      Casares Polo, Miguel Upna (2001)   Documento de trabajo / Lan gaiak  OpenAccess
      Structural models are a powerful tool for business cycle and monetary policy analysis because they are assumed to be invariant to either policy changes or external shocks. In this paper, we derive a neoclassical monetary ...
    • Monetary policy analysis in a new keynesian model with money 

      Arístegui Lavín, María Teresa de (2019)   Trabajo Fin de Grado/Gradu Amaierako Lana  OpenAccess
      This paper examines the stabilizing performance of two alternative monetary policy rules, being the first one based on the nominal interest rate and the second one on the rate of nominal ...
    • Monopolistic competition, sticky prices, and the minimal mark-up in steady state 

      Casares Polo, Miguel Upna (2007)   Documento de trabajo / Lan gaiak  OpenAccess
      This note reports the rate of inflation that minimizes the mark-up of prices over marginal costs in the steady-state solution of a monopolistic competition model with either Taylor (1980) or Calvo (1983) pricing. The minimal ...
    • A new Keynesian analysis of industrial employment fluctuations 

      Casares Polo, Miguel Upna (2009)   Documento de trabajo / Lan gaiak  OpenAccess
      This paper describes a model with sticky prices, search frictions and hours-clearing wages that provides firm differentiation across several dimensions: price, output, wage, employment and hours per worker. The connection ...
    • On firm-level, industry-level, and aggregate employment fluctuations 

      Casares Polo, Miguel Upna (2013)   Documento de trabajo / Lan gaiak  OpenAccess
      Employment fluctuations are examined, at different levels of aggregation, in a dynamic model that provides firm-specific hiring decisions due to search frictions and sticky pricing. The results indicate that firm-level ...
    • On staggered prices and optimal inflation 

      Aguilera Bravo, Asier; Casares Polo, Miguel Upna (2019)   Documento de trabajo / Lan gaiak  OpenAccess
      This paper computes the steady-state optimal rate of inflation assuming two different sticky-price specifications, Calvo (1983) and Taylor (1980), in a model with monopolistic competition. The optimal rate of inflation ...