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Animal spirits, risk premia and monetary policy at the zero lower bound
ArticleAbstract: In this paper we investigate the risk-related effects of monetary policy in normal times, as well asPalabras claves:Behavioral Macroeconomics, Bounded rationality, Monetary policy, Zero Lower BoundAutores:Christian R. Proãno, Lojak B.Fuentes:scopusGradual wage-price adjustments, labor market frictions and monetary policy rules
ArticleAbstract: In this paper the role of different types of labor market frictions in the dynamics of output and inPalabras claves:(D)AS-AD, Labor market frictions, Monetary policy, Wage and price inflationAutores:Christian R. ProãnoFuentes:scopusExchange rate determination, macroeconomic dynamics and stability under heterogeneous behavioral FX expectations
ArticleAbstract: In this paper the role of behavioral forecasting rules of chartist and fundamentalist type for the dPalabras claves:(D)AS-AD, Behavioral heterogenous expectations, FX market dynamics, Monetary policyAutores:Christian R. ProãnoFuentes:scopusStock market booms, endogenous cbkp_redit creation and the implications of broad and narrow banking for macroeconomic stability
ArticleAbstract: In this paper we study the implications of the present broad banking system for macroeconomic stabilPalabras claves:Broad and narrow banking, Cbkp_redit creation, financial markets, Macroeconomic instabilityAutores:Chiarella C., Christian R. Proãno, Flaschely P., Hartmann F.Fuentes:scopusSustainable capitalism: Full-employment flexicurity growth with real wage rigidities
ArticleAbstract: In this paper we present a model of flexicurity capitalism that exhibits a second labor market withPalabras claves:Company pension funds, Employer of first resort, Flexicurity, Solovian growth, SustainabilityAutores:Asada T., Christian R. Proãno, Flaschely P., Greiner A.Fuentes:scopus