Kai Daniel Schmid
Biographic Data
| ID | 5935017 |
|---|---|
| NAME | Kai Daniel Schmid |
| GIVEN NAMES | Kai Daniel |
| FAMILY NAME | Schmid |
| SIGNATURE | SCHMID K D |
| AFFILIATIONS | Economic Policy Institute |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 1 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2014 |
| LATEST PUBLICATION YEAR | 2014 |
| H-INDEX | 1 |
Hysteresis in Potential Output and Monetary Policy
We show that actively stabilizing economic activity plays a more prominent role in the conduct of monetary policy when potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic amplification of macroeconomic shocks and persistent movements in output…
Hysteresis in Potential Output and Monetary Policy
We show that actively stabilizing economic activity plays a more prominent role in the conduct of monetary policy when potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic amplification of macroeconomic shocks and persistent movements in output…
Hysteresis in Potential Output and Monetary Policy
We show that actively stabilizing economic activity plays a more prominent role in the conduct of monetary policy when potential output is subject to hysteresis. We augment a basic New Keynesian model by hysteresis in potential output and contrast simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic amplification of macroeconomic shocks and persistent movements in output…
Computer Science (1 work) · Economic Theory and Policy (1 work) · Economics (1 work) · Hysteresis (1 work) · Keynesian economics (1 work) · Macroeconomics (1 work) · Market Dynamics and Volatility (1 work) · Monetary economics (1 work) · Monetary policy (1 work) · Monetary Policy and Economic Impact (1 work)