R Luetticke - American Economic Journal: Macroeconomics, 2021 - aeaweb.org
This paper assesses the importance of heterogeneity in household portfolios for the transmission of monetary policy in a New Keynesian business cycle model with uninsurable …
P Rupert, R Šustek - Journal of Monetary Economics, 2019 - Elsevier
The monetary transmission mechanism in New-Keynesian models is put to scrutiny. We show that, contrary to the conventional view, the transmission mechanism does not operate …
GHM Bjertnæs, P Boug, T von Brasch, B Bye… - ssb.no
Statistisk sentralbyrå fikk 30. mars 2023 i oppdrag fra Frontfagsmodellutvalget å analysere konsekvenser for lønnsdannelsen og norsk økonomi av endringer i makroøkonomiske …
R Sustek, P Rupert - Journal of Monetary Economics, 2019 - qmro.qmul.ac.uk
The monetary transmission mechanism in New-Keynesian models is put to scrutiny. We show that, contrary to the conventional view, the transmission mechanism does not operate …
A household's portfolio generally consists of non-tradable and tradable assets. The most important non-tradable asset is human capital. It is the primary source of income for most …