| Sauer, Stephan (2007): Frameworks for the Theoretical and Empirical Analysis of Monetary Policy. Dissertation, LMU München: Faculty of Economics |
|
PDF
Sauer_Stephan.pdf 1572Kb |
Abstract
This thesis develops and applies three different frameworks to analyse monetary policy from a theoretical and empirical perspective within three self-contained chapters. Chapter 2 looks at optimal monetary policy in the modern micro-founded New Keynesian macroeconomic model, while chapter 3 offers an empirical investigation of monetary policy in the euro area. The final chapter 4 combines a microeconomic model of liquidity shocks on an asset market that includes features of market microstructure theory with a model of the goods market inspired by nominal rigidities as common in macroeconomic models. All three chapters are connected by the prominent role of different policy rules.
| Item Type: | Thesis (Dissertation, LMU Munich) | |
|---|---|---|
| Keywords: | Policy rules, timeless perspective, Taylor rule, liquidity provision principle, European Central Bank | |
| Subjects: | 300 Social sciences 300 Social sciences > 330 Economics | |
| Faculties: | Faculty of Economics | |
| Language: | English | |
| Date Accepted: | 2. July 2007 | |
| 1. Referee: | Illing, Gerhard | |
| Persistent Identifier (URN): | urn:nbn:de:bvb:19-71799 | |
| MD5 Checksum of the PDF-file: | 8ef5e07eb2d70d4d7425abeac1414a9e | |
| Signature of the printed copy: | 0001/UMC 16318 | |
| ID Code: | 7179 | |
| Deposited On: | 27. Jul 2007 | (UTC) |
| Last Modified: | 16. Oct 2012 08:08 | (UTC) |
Repository Staff Only: item control page