Jarkko P Jääskelä
Datos Biográficos
| ID | 5739637 |
|---|---|
| NOMBRE | Jarkko P Jääskelä |
| NOMBRES | Jarkko P |
| APELLIDO | Jääskelä |
| FIRMA | JÄÄSKELÄ J P |
| AFILIACIONES | Reserve Bank of Australia |
| VERIFICADO | No |
| TOTAL DE OBRAS | 2 |
| TOTAL DE CITAS | 2 |
| TOTAL COMO AUTOR | 2 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 2006 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2015 |
| ÍNDICE H | 1 |
Housing Wealth Effects
We explore the positive relationship between house prices and household spending by following a panel of Australian households. No evidence for ‘traditional housing wealth effects' is found, with young homeowners exhibiting the largest wealth effects. Young renters also exhibit a positive consumption response to house prices, although less so than young homeowners. This suggests that increasing house prices raise spending via easing credit constr…
Misperceptions and Monetary Policy in a New‐keynesian Model
This paper studies the consequences for the monetary policy design of information shortages on the part of the private sector. We model these shortages as exogenous shocks to expected income, which through an IS curve, disturb aggregate demand. We constrain policymakers to follow Taylor‐like rules but allow them to optimise coefficients: we find that the presence of misperceptions makes the optimised Taylor rule respond more aggressively to infla…
Housing Wealth Effects
We explore the positive relationship between house prices and household spending by following a panel of Australian households. No evidence for ‘traditional housing wealth effects' is found, with young homeowners exhibiting the largest wealth effects. Young renters also exhibit a positive consumption response to house prices, although less so than young homeowners. This suggests that increasing house prices raise spending via easing credit constr…
Misperceptions and Monetary Policy in a New‐keynesian Model
This paper studies the consequences for the monetary policy design of information shortages on the part of the private sector. We model these shortages as exogenous shocks to expected income, which through an IS curve, disturb aggregate demand. We constrain policymakers to follow Taylor‐like rules but allow them to optimise coefficients: we find that the presence of misperceptions makes the optimised Taylor rule respond more aggressively to infla…
Housing Wealth Effects
We explore the positive relationship between house prices and household spending by following a panel of Australian households. No evidence for ‘traditional housing wealth effects' is found, with young homeowners exhibiting the largest wealth effects. Young renters also exhibit a positive consumption response to house prices, although less so than young homeowners. This suggests that increasing house prices raise spending via easing credit constr…
Economics (2 obras) · Macroeconomics (2 obras) · Monetary economics (2 obras) · Monetary policy (2 obras) · Aggregate demand (1 obras) · Central bank (1 obras) · Cohort (1 obras) · Cohort effect (1 obras) · Consumer spending (1 obras) · Consumption (sociology) (1 obras)