Sökning: "Stefan Pitschner"
Hittade 2 avhandlingar innehållade orden Stefan Pitschner.
1. Banks, Shocks and Monetary Policy
Sammanfattning : Essay 1: This paper studies the effect of monetary policy on the economy, distinguishing the effects of exogenous monetary policy shocks from information shocks that reveal the Federal Reserve's assessment of the economic outlook. To identify these two shocks, I exploit the difference in information content in public announcements by the Fed in its statements (released on decision days) and minutes of FOMC meetings (transcripts of the policy decision, released at a later date). LÄS MER
2. Essays on Inflation Expectations, Monetary Policy and Tax Reform
Sammanfattning : This thesis consists of three self-contained essays.Essay I: Why do consumers’ expenditure patterns matter for their inflation expectations? I propose a model of rational inattention where a consumer trades off paying attention between goods bought more or less frequently. LÄS MER