해외동향 | Real Keynesian Models and Sticky Prices | 한국금융연구원

[LHKOREA]

2018-01-23 일자 [제 18-05 호]

Real Keynesian Models and Sticky Prices
NBER (2018-01-23)

In this paper we present a generalized sticky price model which allows, depending on the parameterization, for demand shocks to maintain strong expansionary effects even in the presence of perfectly flexible prices. The ..  more

The Global Risks Report 2018
WEF (2018-01-23)

Each year the Global Risks Report works with experts and decision-makers across the world to identify and analyze the most pressing risks that we face. As the pace of change accelerates, and as risk interconnections deep ..  more

Banks' maturity transformation: risk, reward, and policy
ESRB (2018-01-23)

The aim of this paper is twofold: first, to study the determinants of banks' net interest margin with a particular focus on the role of maturity transformation, using a new measure of maturity mismatch; second, to analys ..  more

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