On the Structural Interpretation of the Smets-Wouters “Risk Premium” Shock
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- Jonas D.M. Fisher, 2015. "On the Structural Interpretation of the Smets–Wouters “Risk Premium” Shock," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 47(2-3), pages 511-516, March.
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More about this item
Keywords
Smets-Wouters model; safe and liquid assets; money demand; risk premiums; shock; New Keynesian model; DSGE; flight-to-quality; liquidity preference;All these keywords.
JEL classification:
- E00 - Macroeconomics and Monetary Economics - - General - - - General
- E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
- E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
- G1 - Financial Economics - - General Financial Markets
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2015-01-03 (Dynamic General Equilibrium)
- NEP-MAC-2015-01-03 (Macroeconomics)
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