DynareModelBase.bib

% Encoding: UTF-8

@article{del2015inflation,
  title={Inflation in the great recession and new keynesian models},
  author={Del Negro, Marco and Giannoni, Marc P and Schorfheide, Frank},
  journal={American Economic Journal: Macroeconomics},
  volume={7},
  number={1},
  pages={168--96},
  year={2015}
}
@article{ireland2015monetary,
  title={Monetary policy, bond risk premia, and the economy},
  author={Ireland, Peter N},
  journal={Journal of Monetary Economics},
  volume={76},
  pages={124--140},
  year={2015},
  publisher={Elsevier}
}

@techreport{reis2009sticky,
  title={A sticky-information general-equilibrium model for policy analysis},
  author={Reis, Ricardo},
  year={2009},
  institution={National Bureau of Economic Research}
}

@article{ajello2016financial,
  title={Financial intermediation, investment dynamics, and business cycle fluctuations},
  author={Ajello, Andrea},
  journal={American Economic Review},
  volume={106},
  number={8},
  pages={2256--2303},
  year={2016}
}

@article{leeper2013fiscal,
  title={Fiscal foresight and information flows},
  author={Leeper, Eric M and Walker, Todd B and Yang, Shu-Chun Susan},
  journal={Econometrica},
  volume={81},
  number={3},
  pages={1115--1145},
  year={2013},
  publisher={Wiley Online Library}
}

@article{paoli2017coordinating,
  title={Coordinating monetary and macroprudential policies},
  author={Paoli, Bianca de and Paustian, Matthias},
  journal={Journal of Money, Credit and Banking},
  volume={49},
  number={2-3},
  pages={319--349},
  year={2017},
  publisher={Wiley Online Library}
}

@article{carlstrom2010optimal,
  title={Optimal monetary policy in a model with agency costs},
  author={Carlstrom, Charles T and Fuerst, Timothy S and Paustian, Matthias},
  journal={Journal of Money, credit and Banking},
  volume={42},
  number={s1},
  pages={37--70},
  year={2010},
  publisher={Wiley Online Library}
}

@article{fernandez2010econometrics,
  title={The econometrics of DSGE models},
  author={Fern{\'a}ndez-Villaverde, Jes{\'u}s},
  journal={SERIEs},
  volume={1},
  number={1-2},
  pages={3--49},
  year={2010},
  publisher={Springer}
}

@article{fernandez2015estimating,
  title={Estimating dynamic equilibrium models with stochastic volatility},
  author={Fern{\'a}ndez-Villaverde, Jes{\'u}s and Guerr{\'o}n-Quintana, Pablo and Rubio-Ram{\'\i}rez, Juan F},
  journal={Journal of Econometrics},
  volume={185},
  number={1},
  pages={216--229},
  year={2015},
  publisher={Elsevier}
}

@article{stracca2013inside,
  title={Inside money in general equilibrium: Does it matter for monetary policy?},
  author={Stracca, Livio},
  journal={Macroeconomic Dynamics},
  volume={17},
  number={3},
  pages={563--590},
  year={2013},
  publisher={Cambridge University Press}
}

@article{rannenberg2016bank,
  title={Bank leverage cycles and the external finance premium},
  author={Rannenberg, Ansgar},
  journal={Journal of Money, Credit and Banking},
  volume={48},
  number={8},
  pages={1569--1612},
  year={2016},
  publisher={Wiley Online Library}
}

@article{monacelli2010unemployment,
  title={Unemployment fiscal multipliers},
  author={Monacelli, Tommaso and Perotti, Roberto and Trigari, Antonella},
  journal={Journal of Monetary Economics},
  volume={57},
  number={5},
  pages={531--553},
  year={2010},
  publisher={Elsevier}
}

@article{kirchner2016fiscal,
  title={Fiscal deficits, financial fragility, and the effectiveness of government policies},
  author={Kirchner, Markus and van Wijnbergen, Sweder},
  journal={Journal of Monetary Economics},
  volume={80},
  pages={51--68},
  year={2016},
  publisher={Elsevier}
}

@article{goodfriend2007banking,
  title={Banking and interest rates in monetary policy analysis: A quantitative exploration},
  author={Goodfriend, Marvin and McCallum, Bennett T},
  journal={Journal of Monetary Economics},
  volume={54},
  number={5},
  pages={1480--1507},
  year={2007},
  publisher={Elsevier}
}

@article{carlstrom2017targeting,
  title={Targeting long rates in a model with segmented markets},
  author={Carlstrom, Charles T and Fuerst, Timothy S and Paustian, Matthias},
  journal={American Economic Journal: Macroeconomics},
  volume={9},
  number={1},
  pages={205--42},
  year={2017}
}

@article{poutineau2015cross,
  title={Cross-border banking flows spillovers in the Eurozone: Evidence from an estimated DSGE model},
  author={Poutineau, Jean-Christophe and Vermandel, Gauthier},
  journal={Journal of Economic Dynamics and Control},
  volume={51},
  pages={378--403},
  year={2015},
  publisher={Elsevier}
}

@article{gali2007understanding,
  title={Understanding the effects of government spending on consumption},
  author={Gal{\'\i}, Jordi and L{\'o}pez-Salido, J David and Vall{\'e}s, Javier},
  journal={Journal of the European Economic Association},
  volume={5},
  number={1},
  pages={227--270},
  year={2007},
  publisher={Wiley Online Library}
}

@article{pancrazi2016price,
  title={The price of capital and the financial accelerator},
  author={Pancrazi, Roberto and Seoane, Hern{\'a}n D and Vukotic, Marija},
  journal={Economics Letters},
  volume={149},
  pages={86--89},
  year={2016},
  publisher={Elsevier}
}

@ARTICLE{GerdesmeierRoffia2004,
  author = {Dieter Gerdesmeier and Barbara Roffia},
  title = {Empirical Estimates of Reaction Functions for the Euro Area},
  journal = {Swiss Journal of Economics and Statistics},
  year = {2004},
  volume = {140(1)},
  pages = {37-66},
  owner = {Maik},
  timestamp = {2008.01.09}
}

@ARTICLE{LevinWielandWilliams2003,
  author = {Andrew Levin and Volker Wieland and John C. Williams},
  title = {The Performance of Forecast-Based Monetary Policy Rules under Model
	Uncertainty},
  journal = {The American Economic Review},
  year = {2003},
  volume = {93(3)},
  pages = {622-645},
  owner = {Maik},
  timestamp = {2008.05.08}
}




@ARTICLE{ChristianoEichenbaumEvans2005,
  author = {Lawrence J. Christiano and Martin Eichenbaum and Charles L. Evans},
  title = {Nominal Rigidities and the Dynamic Effects of a Shock to Monetary
	Policy},
  journal = {Journal of Political Economy},
  year = {2005},
  volume = {113(1)},
  pages = {1-45},
  owner = {Maik},
  timestamp = {2008.05.19}
} 


@Article{WCMSW2012,
  author={Wieland, Volker and Cwik, Tobias and Mueller, Gernot J. and Schmidt, Sebastian and Wolters, Maik},
  title={A new comparative approach to macroeconomic modeling and policy analysis},
  journal={Journal of Economic Behavior \& Organization},
  year=2012,
  volume={83},
  number={3},
  pages={523-541},
  month={}
}


@ARTICLE{Taylor1993,
  author = {John B. Taylor},
  title = {Discretion versus Policy Rules in Practice},
  journal = {Carnegie-Rochester Conference Series on Public Policy},
  year = {1993},
  volume = {39},
  pages = {195-214},
  owner = {Maik},
  timestamp = {2008.01.09}
}


@ARTICLE{CarlstromFuerst1997,
  author = {Carlstrom, Charles T. and  Fuerst, Timothy S.},
  title = {Agency Costs, Net Worth, and Business Fluctuations:
A Computable General Equilibrium Analysis},
  journal = {American Economic Review},
  year=1997,
  volume={87},
  number={5},
  pages={893-910},
  month={}}



@ARTICLE{OrphanidesWieland2013,
  author = {Athanasios Orphanides and Volker Wieland},
  title = {Complexity and Monetary Policy},
  journal = {Journal of International Central Banking},
  year = {2013},
  volume = {9(1)},
  pages = {167-204},
  owner = {klodi},
  timestamp = {2013.07.24}
}

@ARTICLE{ChristoffelKuester2008,
  author = {Kai Christoffel and Keith Kuester},
  title = {Resuscitating the Wage Channel in Models with Unemployment Fluctuations},
  journal = {Journal of Monetary Economics},
  year = {2008},
  volume = {55},
  pages = {865-887},
  owner = {Tinka},
  timestamp = {2011.08.08}
}



@ARTICLE{OrphanidesWieland2008,
  author={Athanasios Orphanides and Volker Wieland},
  title={Economic projections and rules of thumb for monetary policy},
  journal={ Fed of St. Louis Review},
  year=2008,
  volume={},
  pages={307-324},
  timestamp = {2013.07.24}
}


@ARTICLE{AdolfsonLaseenLindeVillani2007,
  author = {Malin Adolfson and Stefan Laseen and Jesper Linde and Mattias Villani},
  title = {Bayesian Estimation of an Open Economy {DSGE} Model with Incomplete
	pass-through},
  journal = {Journal of International Economics},
  year = {2007},
  volume = {72},
  pages = {481-511},
  owner = {Seb},
  timestamp = {2009.03.07}
}


@UNPUBLISHED{AltigChristianoEichenbaumLinde2005,
  author = {David E. Altig and Lawrence J. Christiano and Martin Eichenbaum and
	Jesper Linde},
  title = {Firm-Specific Capital, Nominal Rigidities and the Business Cycle},
  note = {CEPR Discussion Papers 4858},
  year = {2005},
  owner = {Maik},
  timestamp = {2008.05.19}
}

@INCOLLECTION{BernankeGertlerGilchrist1999,
  author = {Ben Bernanke and Mark Gertler and Simon Gilchrist},
  title = {The Financial Accelerator in a Quantitative Business Cycles Framework},
  booktitle = {Handbook of Macroeconomics Volume 1C},
  publisher = {Amsterdam: Elsevier Science, North-Holland},
  year = {1999},
  editor = {John B. Taylor and Michael Woodford},
  owner = {Seb},
  timestamp = {2009.03.07}
}

@UNPUBLISHED{BraytonLaubach2008,
  author = {Flint Brayton and Thomas Laubach},
  title = {Documentation of Linearized {FRB/US}},
  year = {2008},
  owner = {Maik},
  timestamp = {2008.05.26}
}

@ARTICLE{BuiterJewitt1981,
  author = {Willem H. Buiter and Ian Jewitt},
  title = {Staggered Wage Setting with Real Wage Relativities: Variations on
	a Theme by {Taylor}},
  journal = {The Manchester School},
  year = {1981},
  volume = {49},
  pages = {211-228},
  owner = {Maik},
  timestamp = {2008.05.08}
}

@UNPUBLISHED{Carabenciovetal2008,
  author = {Carabenciov,Ioan and Ermolaev,Igor and Freedman, Charles and Juillard, Michel and Kamenik, Ondra and Korshunov, Dmitry and Laxton, Douglas},
  title = {A Small Quarterly Projection Model of the {US} Economy},
  note = {IMF Working Paper 08/278},
  year = {2008},
  month = {Sep},
  timestamp = {2010.11.23}
}

@UNPUBLISHED{Carabenciovetal20082,
  author = {Carabenciov,Ioan and Ermolaev,Igor and Freedman,Charles and Juillard, Michel and Kamenik, Ondra and Korshunov,Dmitry and  Laxton,Douglas, and Laxton,Jared},
  title = {A Small Quarterly Multi-Country Projection Model},
  note = {IMF Working Paper 08/279},
  year = {2008},
  month = {Dec},
  timestamp = {2010.11.23}
}

@UNPUBLISHED{Levinetal2004,
  author = {Levin, Andrew T. and Natalucci, Fabio M.  and Zakrajsek, Egon},
  title = {The Magnitude and Cyclical Behavior of Financial Market Frictions},  
	note = {Series Staff Working Paper 2004–70},
	year = {2004},
  month = { },
  timestamp = { }
  
}

@ARTICLE{Carabenciovetal2013,
  author = {Carabenciov, Ioan and Freedman, Charles and Garcia-Saltos, Roberto and Laxton, Douglas and Kamenik, Ondra and  Manchev, Petar},
  title = {GPM6 - The Global Projection Model with 6 Regions}, 
  journal = {IMF Working Paper 13/87},
  year = {2013}, 
  month = {April},
  timestamp = {2008.01.09}
}


@ARTICLE{ChariKehoeMcGrattan2009,
  author = {V. V. Chari and P. Kehoe and E. McGrattan},
  title = {New {Keynesian} Models: Not Yet Useful for Policy Analysis},
  journal = {American Economic Journal: Macroeconomics},
  year = {2009},
  volume = {1(1)},
  pages = {242-266},
  owner = {Seb},
  timestamp = {2009.03.06}
}
@ARTICLE{Coenenetal2012,
  author = {Guenter Coenen and Christopher J. Erceg and Charles Freedman and
	Davide Furceri and Michael Kumhof and Rene Lalonde and Douglas Laxton
	and Jesper Linde and Annabelle Mourougane and Dirk Muir and Susanna
	Mursula and Carlos de Resende and John Roberts and Werner Roeger
	and Stephen Snudden and Mathias Trabandt and Jan in't Veld},
  title = {Effects of Fiscal Stimulus in Structural Models},
  journal = {American Economic Journal: Macroeconomics},
  year = {2012},
  volume = {4},
  pages = {22-68},
  owner = {vw},
  timestamp = {2012.01.20}
}

@ARTICLE{ChariKehoeMcGrattan2000,
  author = {V. V. Chari and P. Kehoe and E. McGrattan},
  title = {Sticky price models of the business cycle: Can the contract multiplier
	solve the persistence problem?},
  journal = {Econometrica},
  year = {2000},
  volume = {68(5)},
  pages = {1151-1180},
  owner = {Maik},
  timestamp = {2008.05.26}
}

@ARTICLE{ChristensenDib2008,
  author = {Ian Christensen and Ali Dib},
  title = {The financial accelerator in an estimated {New Keynesian} model},
  journal = {Review of Economic Dynamics},
  year = {2008},
  volume = {11},
  pages = {155-178},
  owner = {Seb},
  timestamp = {2010.11.23}
}


@ARTICLE{Justinianoetal2011,
  author = {Justiniano, Alejandro and Primiceri, Giorgio E. and Tambalotti, Andrea},
  title = {Investment shocks and the relative price of investment},
  journal = {Review of Economic Dynamics},
  year = {2011},
  volume = {14},
  pages = {102-121} 
	}


@ARTICLE{Christoffel2008,
  author = {Kai Christoffel and Keith Kuester},
  title = {Resuscitating the Wage Channel in Models with Unemployment Fluctuations},
  journal = {Journal of Monetary Economics},
  year = {2008},
  volume = {55},
  pages = {865-887},
  owner = {Tinka},
  timestamp = {2011.08.08}
}

@ARTICLE{ChristoffelKuesterLinzert2009,
  author = {Kai Christoffel and Keith Kuester and Tobias Linzert},
  title = {The Role of Labor Markets for Euro Area Monetary Policy},
  journal = {European Economic Review},
  year = {2009},
  volume = {53},
  pages = {908-936},
  owner = {Tinka},
  timestamp = {2011.08.08}
}

@article{CMR2014,
Author = {Christiano, Lawrence J. and Motto, Roberto and Rostagno, Massimo},
Title = {Risk Shocks},
Journal = {American Economic Review},
Volume = {104},
Number = {1},
Year = {2014},
Pages = {27-65},
}

@ARTICLE{ClaridaGaliGertler2002,
  author = {Richard Clarida and Jordi Gali and Mark Gertler},
  title = {A simple framework for international monetary policy analysis},
  journal = {Journal of Monetary Economics},
  year = {2002},
  volume = {49},
  pages = {879-904},
  owner = {Maik},
  timestamp = {2008.05.19}
}

@ARTICLE{ClaridaGaliGertler1999,
  author = {Richard Clarida and Jordi Gali and Makr Gertler},
  title = {The Science of Monetary Policy: A {New Keynesian} Perspective},
  journal = {Journal of Economic Literature},
  year = {1999},
  volume = {37(4)},
  pages = {1661-1707},
  owner = {Maik},
  timestamp = {2008.01.10}
}

@ARTICLE{CoenenMcAdamStraub2008,
  author = {Guenter Coenen and Peter McAdam and Roland Straub},
  title = {Tax reform and labour-market performance in the euro area: A simulation-based
	analysis using the {New Area-Wide Model}},
  journal = {Journal of Economic Dynamics \& Control},
  year = {2008},
  volume = {32(8)},
  pages = {2543-2583},
  owner = {Seb},
  timestamp = {2009.03.16}
}

@ARTICLE{Carlstrometal2014,
  author = {Carlstrom, Charles T.  and Fuerst, Timothy S. and Ortiz,  Alberto and Paustian, Matthias},
  title = {Estimating contract indexation in a Financial Accelerator Model},
  journal = {Journal of Economic Dynamics \& Control},
  year = {2014},
  volume = {46},
  pages = {130-194}
}

@ARTICLE{CoenenStraub2005,
  author = {Guenter Coenen and Roland Straub},
  title = {Does Government Spending Crowd in private Consumption? Theory and
	Empirical Evidence for the Euro Area},
  journal = {International Finance},
  year = {2005},
  volume = {8(3)},
  pages = {435-470},
  owner = {Seb},
  timestamp = {2009.03.06}
}

@ARTICLE{CoenenWieland2005,
  author = {Gunter Coenen and Volker Wieland},
  title = {A small estimated euro area model with rational expectations and
	nominal rigidities},
  journal = {European Economic Review},
  year = {2005},
  volume = {49},
  pages = {1081-1104},
  owner = {Maik},
  timestamp = {2008.05.19}
}

@UNPUBLISHED{CoenenWieland2002,
  author = {Guenter Coenen and Volker Wieland},
  title = {Inflation Dynamics and International Linkages: A Model of the {United
	States, the Euro Area and Japan}},
  note = {ECB Working Paper Series 181},
  year = {2002},
  owner = {Maik},
  timestamp = {2008.05.26}
}



@ARTICLE{CollardJuillard2001,
  author = {Fabrice Collard and Michael Juillard},
  title = {Accuracy of Stochastic Perturbation Methods: The Case of Asset Pricing
	Models},
  journal = {Journal of Economic Dynamics \& Control},
  year = {2001},
  volume = {25},
  pages = {979-999},
  owner = {Seb},
  timestamp = {2009.03.04}
}

@BOOKLET{CongressionalBudgetOffice,
  title = {Cost Estimate for Conference Agreement for {H.R.1}},
  author = {{Congressional Budget Office}},
  year = {February 13, 2009},
  owner = {Seb},
  timestamp = {2009.03.06}
}

@ARTICLE{DeGraeve2008,
  author = {Ferre {De Graeve}},
  year = {2008},
  title = {The external finance premium and the macroeconomy: {US} post-{WWII} evidence},
  journal = {Journal of Economic Dynamics and Control},
  volume = {32},
  pages = {3415-3440},
  owner = {Seb},
  timestamp = {2010.11.23}
}

@ARTICLE{DieppeKuesterMcAdam2005,
  author = {Alistair Dieppe and Keith Kuester and Peter McAdam},
  year = 2005,
  title = {Optimal Monetary Policy Rules for the Euro Area: An Analysis Using
          the Area Wide Model},
  journal = {Journal of Common Market Studies},
  volume = 43,
  number = 3,
  pages = {507-5372}
}

@ARTICLE{DixonKara2006,
  author = {Huw Dixon and Engin Kara},
  title = {How to Compare {Taylor} and {Calvo} Contracts: A Comment on {Michael Kiley}},
  journal = {Journal of Money, Credit and Banking},
  year = {2006},
  volume = {38(4)},
  pages = {1119-1126},
  owner = {Maik},
  timestamp = {2008.05.08}
}

@ARTICLE{EdgeKileyLaforte2007,
  author = {Rochelle M. Edge and Michael T. Kiley and Jean-Philippe Laforte},
  title = {Natural Rate Measures in an Estimated {DSGE} Model of the {U.S.} Economy},
 journal = {Journal of Economic Dynamics \& Control},
  year = {2008},
  volume = {32},
  pages = {2512-2535},
  owner = {Klodi},
  timestamp = {2011.02.21}
}

@ARTICLE{ErcegGuerrieriGust2008,
  author = {Christopher J. Erceg and Luca Guerrieri and Christopher Gust},
  title = {Trade adjustment and the composition of trade},
  journal = {Journal of Economic Dynamics \& Control},
  year = {2008},
  volume = {32},
  pages = {2622-2650},
  owner = {Maik},
  timestamp = {2008.05.26}
}

@ARTICLE{FuhrerMoore1997,
  author = {Jeffrey C. Fuhrer},
  title = {Inflation/Output Variance Trade-Offs and Optimal Monetary Policy},
  journal = {Journal of Money, Credit and Banking},
  year = {1997},
  volume = {29(2)},
  pages = {214-234},
  owner = {Maik},
  timestamp = {2008.05.08}
}

@ARTICLE{FuhrerMoore1995,
  author = {Jeffrey C. Fuhrer and George Moore},
  title = {Inflation Persistence},
  journal = {The Quarterly Journal of Economics},
  year = {1995},
  volume = {110(1)},
  pages = {127-159},
  owner = {Maik},
  timestamp = {2008.05.08}
}


@ARTICLE{FunkePaetzPytlarczyk2011,
  author = {Michael Funke and Michael Paetz and Ernest Pytlarczyk},
  title = {Stock Market Wealth Effects in an Estimated {DSGE} Model for {Hong Kong}},
  journal = {Economic Modelling},
  year = {2011},
  volume = {28},
  pages = {316-334},
  owner = {Tinka},
  timestamp = {2011.08.08}
}



@ARTICLE{GaliMonacelli2005,
  author = {Jordi Gali and Tommaso Monacelli},
  title = {Monetary Policy and Exchange Rate Volatility in a Small Open Economy},
  journal = {Review of Economic Studies},
  year = {2005},
  volume = {72},
  pages = {707-734},
  owner = {Maik},
  timestamp = {2008.05.19}
}

@ARTICLE{Gelain2010,
  author = {Paolo Gelain},
  title = {The External Finance Premium in the Euro Area: A Dynamic Stochastic General Equilibrium Analysis},
  journal = {North American Journal of Economics and Finance},
  year = {2010},
  volume = {21},
  pages = {49-71},
  owner = {Tinka},
  timestamp = {2011.08.08}
}

@Article{GertlerKaradi2011,
  author={Gertler, Mark and Karadi, Peter},
  title={A model of unconventional monetary policy},
  journal={Journal of Monetary Economics},
  year=2011,
  volume={58},
  number={1},
  pages={17-34},
  month={January},
  keywords={},
}

@Article{GertlerKaradi2013,
  author={Gertler, Mark and Karadi, Peter},
  title={QE 1 vs. 2 vs. 3. . . : A Framework for Analyzing Large-Scale Asset Purchases as a Monetary Policy Tool},
  journal={International Journal of Central Banking},
  year=2013,
  volume={9},
  number={1},
  pages={},
  month={January},
  keywords={},
}

@Article{EllisonTischbirek2014,
  author={Ellison, Martin and Tischbirek, Andreas},
  title={Unconventional government debt purchases as a supplement to conventional monetary policy},
  journal={Journal of Economic Dynamics and Control},
  year=2014,
  volume={43}, 
  pages={199 - 217},
  month={April},
  keywords={},
}

@ARTICLE{Geweke1999,
  author = {John Geweke},
  title = {Using Simulation Methods for Bayesian Econometric Models: Inference,
	Development and Communication},
  journal = {Econometric Review},
  year = {1999},
  volume = {18},
  pages = {1-126},
  owner = {Seb},
  timestamp = {2009.03.07}
}

@UNPUBLISHED{Gouveaetal2008,
  author = {Solange Gouvea and Andre Minella and Rafael Santos and Nelson Souza-Sobrinho},
  title = {Samba: Stochastic Analytical Model with a Bayesian Approach},
  note = {Manuscript},
  year = {2008},
  owner = {Seb},
  timestamp = {2010.11.23}
}

@ARTICLE{Guerrieri2006,
  author = {Luca Guerrieri},
  title = {The Inflation Persistence of Staggered Contracts},
  journal = {Journal of Money, Credit, and Banking},
  year = {2006},
  volume = {38(2)},
  pages = {483-494},
  owner = {Maik},
  timestamp = {2008.05.08}
}

@ARTICLE{Iacoviello2005,
  author = {Matteo Iacoviello},
  title = {House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle},
  journal = {The American Economic Review},
  year = {2005},
  volume = {95(3)},
  pages = {739-764},
  owner = {Seb},
  timestamp = {2010.11.23}
 }

@ARTICLE{Ireland2004,
  author = {Peter Ireland},
  title = {Money's Role in the Monetary Business Cycle},
  journal = {Journal of Money, Credit and Banking},
  year = {2004},
  volume = {36(6)},
  pages = {969-983},
  owner = {Seb},
  timestamp = {2010.11.23}
 }

@ARTICLE{Ireland2011,
  author = {Peter Ireland},
  title = {A {New Keynesian} Perspective on the {Great Recession}},
  journal = {Journal of Money, Credit and Banking},
  year = {2011},
  volume = {43(1)},
  pages = {31-54},
  owner = {Tinka},
  timestamp = {2011.08.08}
 }


@ARTICLE{LaxtonPesenti2003,
  author = {Douglas Laxton and Paolo Pesenti},
  title = {Monetary rule for small, open, emerging economies},
  journal = {Journal of Monetary Economics},
  year = {2003},
  volume = {50},
  pages = {1109-1146},
  owner = {Maik},
  timestamp = {2008.05.19}
}



@ARTICLE{LubikSchorfheide2007,
  author = {Thomas A. Lubik and Frank Schorfheide},
  title = {Do Central Banks Respond to Exchange Rate Movements? A Structural Investigation},
  journal = {Journal of Monetary Economics},
  year = {2007},
  volume = {54},
  pages = {1069-1087},
  owner = {Tinka},
  timestamp = {2011.08.08}
}

@ARTICLE{FaganHenryMestre2005,
  author = {Gabriel Fagan and Jerome Henry and Ricardo Mestre},
  title = {An area-wide model for the euro area},
  journal = {Economic Modelling},
  year = {2005},
  volume = {22},
  pages = {39-59},
  owner = {Maik},
  timestamp = {2008.05.19}
}

@ARTICLE{Lucas1976,
  author = {Robert Lucas},
  title = {Econometric Policy Evaluation: A Critique},
  journal = {Carnegie-Rochester Conference Series on Public Policy},
  year = {1976},
  volume = {1},
  pages = {19-46},
  owner = {Seb},
  timestamp = {2009.03.07}
}

@ARTICLE{MankiwReis2007,
  author = {N. Gregory Mankiw and Ricardo Reis},
  title = {Sticky Information in General Equilibrium},
  journal = {Journal of the European Economic Association},
  year = {2007},
  volume = {5(2-3)},
  pages = {603-613},
  owner = {Seb},
  timestamp = {2010.11.23}
}

@INCOLLECTION{McCallumNelson1999,
  author = {Bennett McCallum and Edward Nelson},
  title = {Performance of Operational Policy Rules in an Estimated Semi-Classical
	Structural Model},
  booktitle = {Monetary Policy Rules},
  publisher = {Chicago: University of Chicago Press},
  year = {1999},
  editor = {John B. Taylor},
  owner = {Seb},
  timestamp = {2009.03.07}
}

@UNPUBLISHED{MedinaSoto2007,
  author = {Juan Pablo Medina and Claudio Soto},
  title = {The {C}hilean Business Cycles through the Lens of a Stochastic General Equilibrium Model},
  note = {Central Bank of Chile Working Papers 457},
  year = {2007},
  owner = {Seb},
  timestamp = {2010.11.23}
}

@UNPUBLISHED{MurchisonRennison2006,
  author = {Stephen Murchison and Andrew Rennison},
  title = {{ToTEM}: The {B}ank of {C}anada's New Quarterly Projection Model},
  note = {Bank of Canada Technical Report No. 97},
  year = {2006},
  owner = {Seb},
  timestamp = {2010.11.23}
}

@ARTICLE{Orphanides2003,
  author = {Athanasios Orphanides},
  title = {The Quest for Prosperity without Inflation},
  journal = {Journal of Monetary Economics},
  year = {2003},
  volume = {50},
  pages = {633-663},
    owner = {Seb},
		month = {July},
  timestamp = {2009.03.07}
}

@ARTICLE{Orphanides20032,
  author = {Athanasios Orphanides},
  title = {Historical monetary policy analysis and the Taylor rule},
  journal = {Journal of Monetary Economics},
  year = {2003},
  volume = {50},
  pages = {983-1022},
   month = {July},
  timestamp = {2009.03.07}
}

@UNPUBLISHED{OrphanidesWieland1998,
  author = {Athanasios Orphanides and Volker Wieland},
  title = {Price stability and monetary policy effectiveness when nominal interest
	rates are bounded at zero},
  note = {Finance and Economics Discussion Series 98-35, Board of Governors
	of the Federal Reserve System},
  year = {1998},
  owner = {Seb},
  timestamp = {2009.03.07}
}
@ARTICLE{Rotemberg1982,
  author = {Julio J. Rotemberg},
  title = {Sticky Prices in the {United States}},
  journal = {Journal of Political Economy},
  year = {1982},
  volume = {90 (4)},
  pages = {1187-1211},
  owner = {Maik},
  timestamp = {2008.05.15}
}
@UNPUBLISHED{Trigari2006,
  author = {Antonella Trigari},
  title = {The Role of Search Frictions and Bargaining for Inflation Dynamics},
  note = {IGIER Working Paper No. 304},
  year = {2006},
  owner = {Seb},
  timestamp = {2009.03.07}
}

@ARTICLE{Kimball1995,
  author = {Kimball, M.S.},
  title = {The Quantitative Analytics of the Basic {Neomonetarist} Model},
  journal = {Journal of Money, Credit and Banking},
  year = {1995},
  volume = {27(4)},
  pages = {1241-1277},
  owner = {Maik},
  timestamp = {2008.05.26}
}


@ARTICLE{MortensenPissarides1994,
  author = {Dale Mortensen and Christopher Pissarides},
  title = {Job creation and job desctruction in the theory of unemployment},
  journal = {Review of Economic Studies},
  year = {1994},
  volume = {61(3)},
  pages = {397-415},
    owner = {Seb},
  timestamp = {2009.03.07}
}


@BOOK{Woodford2003,
  title = {Interest and Prices: Foundations of a Theory of Monetary Policy},
  publisher = {Princeton University Press},
  year = {2003},
  author = {Michael Woodford},
  owner = {Maik},
  timestamp = {2008.01.09}
}

@ARTICLE{Rabanal2007,
  author = {Pau Rabanal},
  title = {Does Inflation Increase after a Monetary Policy Tightening? Answers Based on a Estimated {DSGE} Model},
  journal = {Journal of Economic Dynamics \& Control},
  year = {2007},
  volume = {31},
  pages = {906-937},
  owner = {Tinka},
  timestamp = {2011.08.08}
}
@ARTICLE{Yun1996,
  author = {Tack Yun},
  title = {Nominal Price Rigidity, Money Supply Endogeneity, and Business Cycles},
  journal = {Journal of Monetary Economics},
  year = {1996},
  volume = {37},
  pages = {345-370},
  owner = {Maik},
  timestamp = {2008.05.15}
}

@ARTICLE{Rabanal2009,
  author = {Pau Rabanal},
  title = {Inflation Differentials between {Spain} and the {EMU}: A {DSGE} Perspective},
  journal = {Journal of Money, Credit and Banking},
  year = {2009},
  volume = {41(6)},
  pages = {1141-1166},
  owner = {Tinka},
  timestamp = {2011.08.08}
}

@ARTICLE{RattoRoegerVeld2009,
  author = {Marco Ratto and Werner Roeger and Jan in 't Veld},
  title = {{QUEST III}: An Estimated Open-economy {DSGE} Model of the Euro Area
	with Fiscal and Monetary Policy},
  journal = {Economic Modelling},
  year = {2009},
  volume = {26(1)},
  pages = {222-233},
  owner = {Seb},
  timestamp = {2009.03.07}
}

@ARTICLE{RavennaWalsh2006,
  author = {Federico Ravenna and Carl E. Walsh},
  title = {Optimal monetary policy with the cost channel},
  journal = {Journal of Monetary Economics},
  year = {2006},
  volume = {53(2)},
  pages = {199-216},
  owner = {Seb},
  timestamp = {2009.03.16}
}

@ARTICLE{RotembergWoodford1997,
  author = {Julio J. Rotemberg and Michael Woodford},
  title = {An Optimization-Based Econometric Framework for the Evaluation of
	Monetary Policy},
  journal = {NBER Macroeconomics Annual},
  year = {1997},
  volume = {12},
  pages = {297-346},
  owner = {Maik},
  timestamp = {2008.05.09}
}

@INCOLLECTION{RudebuschSvensson1999,
  author = {Glenn D. Rudebusch and Lars E. O. Svensson},
  title = {Policy Rules for Inflation Targeting},
  booktitle = {Monetary Policy Rules},
  publisher = {Chicago: University of Chicago Press},
  year = {1999},
  editor = {John B. Taylor},
  owner = {Seb},
  timestamp = {2009.04.21}
}

@ARTICLE{SmetsWouters2007,
  author = {Frank Smets and Raf Wouters},
  title = {Shocks and Frictions in {US} Business Cycles: A Bayesian {DSGE} Approach},
  journal = {The American Economic Review},
  year = {2007},
  volume = {97(3)},
  pages = {586-606}
}

@ARTICLE{SmetsWouters2003,
  author = {Frank Smets and Raf Wouters},
  title = {An Estimated Dynamic Stochastic General Equilibrium Model of the
	Euro Area},
  journal = {Journal of the European Economic Association},
  year = {2003},
  volume = {1 (5)},
  pages = {1123-1175}
}

@ARTICLE{CoganTaylorWielandWolters2013,
  author = {John Cogan and John Taylor and Volker Wieland and Maik Wolters},
  title = {Fiscal consolidation strategy},
  journal = {Journal of Economic Dynamics and Control},
  year = {2013},
  volume = {37},
  pages = {404-421}
}

@ARTICLE{CoganCwikTaylorWieland2010,
  author = {John Cogan and Tobias Cwik and John Taylor and Volker Wieland},
  title = {New Keynesian versus old Keynesian government spending multipliers},
  journal = {Journal of Economic Dynamics and Control},
  year = {2010},
  volume = {34},
  pages = {281–295}
}


@BOOK{Taylor1993a,
  title = {Macroeconomic Policy in a World Economy},
  publisher = {W.W. Norton, New York},
  year = {1993},
  editor = {John B. Taylor},
  author = {John B. Taylor},
  note = {Online Edition available on: http://www.stanford.edu/~johntayl/MacroPolicyWorld.htm},
  owner = {Maik},
  timestamp = {2008.05.13}
}


@ARTICLE{TaylorWieland2011,
  author = {John B. Taylor and Volker Wieland},
  title = {Surprising Comparative Properties of Monetary Models: Results from
	a New Data Base},
  journal = {Review of Economics and Statistics},
  year = {2011},
  volume = {forthcoming},
  owner = {vw},
  timestamp = {2009.03.06}
}


@ARTICLE{WielandWolters2011,
  author = {Volker Wieland and Maik Wolters},
  title = {The Diversity of Forecasts from Macroeconomic Models of the {U.S.} economy},
  journal = {Economic Theory},
  year = {2011},
  volume = {47(2-3)},
  pages = {247-292},
  owner = {Seb},
  timestamp = {2010.11.23}
}


@Article{KannanRabanalScott2012,
  author={Prakash Kannan and Pau Rabanal and Alasdair M. Scott},
  title={Monetary and Macroprudential Policy Rules in a Model with House Price Booms},
  journal={The B.E. Journal of Macroeconomics},
  year=2012,
  volume={12},
  number={1},
  pages={16},
  month={},
  keywords={monetary policy; regulatory policy; housing prices}
}

@Article{MehMoran2010,
  author={Meh, C?aire A. and Moran, Kevin},
  title={The role of bank capital in the propagation of shocks},
  journal={Journal of Economic Dynamics and Control},
  year=2010,
  volume={34},
  number={3},
  pages={555-576},
  month={March},
}
@ARTICLE{ChristianoMottoRostagno2003,
  author = {Lawrence J. Christiano and Roberto Motto and Massimo Rostagno},
  title = {The Great Depression and the {Friedman-Schwartz} hypothesis},
  journal = {Journal of Money, Credit and Banking},
  year = {2003},
  volume = {35},
  pages = {1119-1197},
  owner = {klodi},
  timestamp = {2011.02.19}
}

@ARTICLE{Ireland2003,
  author = {Peter Ireland},
  title = {Endogenous Money or Sticky Prices?},
  journal = {Journal of Monetary Economics},
  year = {2003},
  volume = {50},
  pages = {1623-1648},
  owner = {klodi},
  timestamp = {2011.02.19}
 }
@ARTICLE{Calvo1983,
  author = {G. Calvo},
  title = {Staggered Prices in a Utility Maximizing Framework},
  journal = {Journal of Monetary Economics},
  year = {1983},
  volume = {12},
  pages = {383-398},
  owner = {Maik},
  timestamp = {2008.05.13}
}
@ARTICLE{Taylor1980,
  author = {John B. Taylor},
  title = {Aggregate Dynamics and Staggered Contracts},
  journal = {Journal of Political Economy},
  year = {1980},
  volume = {88(1)},
  pages = {1-24},
  owner = {Maik},
  timestamp = {2008.05.13}
}

@ARTICLE{KuesterWieland2010,
  author = {Keith Kuester and Volker Wieland},
  title = {Insurance Policies for Monetary Policy in the Euro Area},
  journal = {Journal of the European Economic Association},
  year = {2010},
  volume = {8(4)},
  pages = {872-912},
  owner = {Seb},
  timestamp = {2009.03.07}
}

@UNPUBLISHED{KuesterWieland2005,
  author = {Keith Kuester and Volker Wieland},
  title = {Insurance Policies for Monetary Policy in the Euro Area},
  note = {ECB Working Paper Series 480},
  year = {2005},
  owner = {Seb},
  timestamp = {2009.03.06}
}
@UNPUBLISHED{Yellen2007,
  author = {Janet L. Yellen},
  title = {{John Taylor's} Contributions to Monetary Theory and Policy},
  note = {Speech at the Federal Reserve Bank of Dallas Conference: "John Taylor's
	Contributions to Monetary Theory and Policy"},
  year = {2007},
  owner = {Maik},
  timestamp = {2008.05.13}
}
@ARTICLE{ErcegHendersonLevin2000,
  author = {Christopher J. Erceg and Dale Henderson and Andrew Levin},
  title = {Optimal Monetary Policy with Staggered Wage and Price Contracts},
  journal = {Journal of Monetary Economics},
  year = {2000},
  volume = {46},
  pages = {281-313},
  owner = {Maik},
  timestamp = {2008.05.15}
}

@ARTICLE{FuhrerMoore1995a,
  author = {Jeffrey C. Fuhrer and George Moore},
  title = {Monetary Policy Trade-offs and the Correlation between Nominal Interest
	Rates and Real Output},
  journal = {The American Economic Review},
  year = {1995},
  volume = {85(1)},
  pages = {219-239},
  owner = {Maik},
  timestamp = {2008.05.08}
}
@UNPUBLISHED{Tinsley1993,
  author = {Peter A. Tinsley},
  title = {Fitting Both Data and Theories: Polynomial Adjustment Costs and Error-Correction
	Decision Rules},
  note = {FEDS Working Paper 93-21},
  year = {1993},
  owner = {Maik},
  timestamp = {2008.05.26}
}

@ARTICLE{GaliGertler1999,
  author = {Jordi Gali and Mark Gertler},
  title = {Inflation Dynamics: A Structural Econometric Analysis},
  journal = {Journal of Monetary Economics},
  year = {1999},
  volume = {113(1)},
  pages = {1-45},
  owner = {klodi},
  timestamp = {2011.02.19}
}

@ARTICLE{KiyotakiMoore1999,
author = {Nobuhiro Kiyotaki and John Moore},
title = {Credit Cycles},
journal = {Journal of Political Economy},
year = {1997},
volume = {105(2)},
pages = {211-48},
owner = {klodi},
timestamp = {2011.02.11}
}

@Article{IacovielloNeri2010,
  author={Matteo Iacoviello and Stefano Neri},
  title={Housing Market Spillovers: Evidence from an Estimated DSGE Model},
  journal={American Economic Journal: Macroeconomics},
  year=2010,
  volume={2},
  number={2},
  pages={125-64},
  month={April},
  keywords={}
}
@TechReport{Christianoetal2010,
  author={Lawrence Christiano and Roberto Motto and Massimo Rostagno},
  title={Financial factors in economic fluctuations},
  year=2010,
  month=May,
  institution={European Central Bank},
  type={Working Paper Series},
  url={http://ideas.repec.org/p/ecb/ecbwps/20101192.html},
  number={1192},
  abstract={We augment a standard monetary DSGE model to include a banking sector and financial markets. We fit the model to Euro Area and US data. We find that agency problems in financial contracts, liquidity constraints facing banks and shocks that alter the perception of market risk and hit financial intermediation ?멹inancial factors?in short ?are prime determinants of economic fluctuations. They have been critical triggers and propagators in the recent financial crisis. Financial intermediation turns an otherwise diversifiable source of idiosyncratic economic uncertainty, the 몉isk shock? into a systemic force. JEL Classification: E3, E22, E44, E51, E52, E58, C11, G1, G21, G3.},
  keywords={DSGE model; Financial frictions; Financial shocks; Bayesian estimation; Lending channel; Funding cha}
}




@Article{Geralietal2010,
  author={Andrea Gerali and Stefano Neri and Luca Sessa and Federico M. Signoretti},
  title={Credit and Banking in a DSGE Model of the Euro Area},
  journal={Journal of Money, Credit and Banking},
  year=2010,
  volume={42},
  number={s1},
  pages={107-141},
  month={09},
  keywords={},
  abstract={ This paper studies the role of credit supply factors in business cycle fluctuations using a dynamic stochastic general equilibrium (DSGE) model with financial frictions enriched with an imperfectly competitive banking sector. Banks issue collateralized loans to both households and firms, obtain funding via deposits, and accumulate capital out of retained earnings. Loan margins depend on the banks' capital-to-assets ratio and on the degree of interest rate stickiness. Balance-sheet constraints establish a link between the business cycle, which affects bank profits and thus capital, and the supply and cost of loans. The model is estimated with Bayesian techniques using data for the euro area. The analysis delivers the following results. First, the banking sector and, in particular, sticky rates attenuate the effects of monetary policy shocks, while financial intermediation increases the propagation of supply shocks. Second, shocks originating in the banking sector explain the largest share of the contraction of economic activity in 2008, while macroeconomic shocks played a limited role. Third, an unexpected destruction of bank capital may have substantial effects on the economy. Copyright (c) 2010 The Ohio State University.},
  url={http://ideas.repec.org/a/mcb/jmoncb/v42y2010is1p107-141.html}
}


@Article{DarracqPariesetal2011,
  author={Darracq Paries, Matthieu and Kokk Sorensen, Christoffer and Rodriguez-Palenzuela, Diego},
  title={Macroeconomic Propagation under Different
Regulatory Regimes: Evidence from an Estimated DSGE Model for the Euro Area},
  journal={International Journal of Central Banking},
  year=2011,
  volume={7},
  number={4},
  pages={},
  month={12},
  keywords={},
  abstract={},
   
}

@Article{BlanchardGali10,
 author={Blanchard, Olivier and Gali, Jorgi},
  title={Labor Markets and Monetary Policy: A New Keynesian
Model with Unemployment},
  journal={American Economic Journal: Macroeconomics},
  year=2010,
  volume={2},
  number={2},
  pages={1-30},
  month={4},
  keywords={},
  abstract={},   
}
@Article{DeFioreetal2011,
 author={De Fiore, Fiorelly and Teles, Pedro and Tristani, Oreste},
  title={Monetary Policy and the Financing of Firms},
  journal={American Economic Journal: Macroeconomics},
  year=2011,
  volume={3},
  number={4},
  pages={112-142},
  month={10},
  keywords={},
  abstract={},   
}
@Article{FunkePaetz2013,
  author={Funke, Michael and Paetz, Michael},
  title={Housing prices and the business cycle: An empirical application to Hong Kong},
  journal={Journal of Housing Economics},
  year=2013,
  volume={22},
  number={1},
  pages={62-76},
  month={},
  keywords={},
  abstract={}
}

@Article{Veronaetal2013,
  author={F. Verona and M. M. F. Martins and I. Drumond},
  title={(Un)anticipated Monetary Policy in a DSGE Model with a Shadow Banking System},
  journal={International Journal of Central Banking},
  year=2013,
  volume={9},
  number={3},
  pages={78-124},
  month={September},
  keywords={},
  abstract={}
}

@Article{HolmstromTirole1997,
  author={Holmstrom, Bengt and Tirole, Jean},
  title={Financial Intermediation, Loanable Funds, and the Real Sector},
  journal={The Quarterly Journal of Economics},
  year=1997,
  volume={112},
  number={3},
  pages={663-91},
  month={August},
  keywords={}
}

@Article{WCMSW2012,
  author={Wieland, Volker and Cwik, Tobias and Mueller, Gernot J. and Schmidt, Sebastian and Wolters, Maik},
  title={A new comparative approach to macroeconomic modeling and policy analysis},
  journal={Journal of Economic Behavior \& Organization},
  year=2012,
  volume={83},
  number={3},
  pages={523-541},
  month={}
}

@Article{CurdiaWoodford2009,
  author = {Vasco Curdia and Michael Woodford},
  title = {Credit frictions and optimal monetary policy},
  Journal = {BIS Working Paper No 278},
  year = {2009},
  month = {March}
}

@Article{Bailliuetal2012,
  author = {Jeannine Bailliu and Césaire Meh and Yahong Zhang},
  title = {Macroprudential Rules and Monetary Policy when Financial Frictions Matter},
  journal = {Bank of Canada Working Paper 2012-6},
  year = {2012},
  month = {February}
}

@Article{QR2014,
  author={Dominic Quint and Pau Rabanal},
  title={{Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area}},
  journal={International Journal of Central Banking, International Journal of Central Banking},
  year=2014,
  volume={10},
  number={2},
  pages={169-236},
  month={June},
  keywords={}
}

@Article{CMR2014,
Author = {Christiano, Lawrence J. and Motto, Roberto and Rostagno, Massimo},
Title = {{Risk Shocks}},
Journal = {American Economic Review},
Volume = {104},
Number = {1},
Year = {2014},
Pages = {27-65}
}

@ARTICLE{Coenenetal2012,
  author = {Guenter Coenen and Christopher J. Erceg and Charles Freedman and
	Davide Furceri and Michael Kumhof and Rene Lalonde and Douglas Laxton
	and Jesper Linde and Annabelle Mourougane and Dirk Muir and Susanna
	Mursula and Carlos de Resende and John Roberts and Werner Roeger
	and Stephen Snudden and Mathias Trabandt and Jan in't Veld},
  title = {Effects of Fiscal Stimulus in Structural Models},
  journal = {American Economic Journal: Macroeconomics},
  year = {2012},
  volume = {4},
  pages = {22-68},
  owner = {vw},
  timestamp = {2012.01.20}
}

@ARTICLE{Cogleyetal2010,
  author = {Cogley, T and Primiceri, Giorgio E.  and Sargent,  Thomas J.},
  title = {Inflation-Gap Persistence in the US},
  journal = {American Economic Journal: Macroeconomics},
  year = {2010},
  volume = {2},
  pages = {43-66},
  owner = {vw},
  timestamp = {2010.01.01}
}

@ARTICLE{DelNegroetal2015,
  author = {Del Negro, Marco and Giannoni, Marc P. and Schorfheide, Frank},
  title = {Infation in the Great Recession and New Keynesian Models},
  journal = {American Economic Journal: Macroeconomics},
  year = {2015},
  volume = {1},
  pages = {168-196},
  owner = {vw},
  timestamp = {2015.01.01}
}

@Article{Feveetal2013,
  author    = {F\`eve, Patrick and Matheron, Julien and Sahuc, Jean-Guillaume},
  title     = {A Pitfall with Estimated DSGE-Based Government Spending Multipliers},
  journal   = {American Economic Journal: Macroeconomics},
  year      = {2013},
  volume    = {4},
  pages     = {141-178},
  owner     = {vw},
  timestamp = {2013.10.01},
}

@ARTICLE{NakamuraSteinsson2014,
  author = {Emi Nakamura and Jón Steinsson},
  title = {Fiscal Stimulus in a Monetary Union: Evidence from US Regions},
  journal = {American Economic Review},
  year = {2014},
  volume = {4},
  pages = {753-792},
  owner = {vw},
  timestamp = {2014.03.01}
}

@Article{FernandezVillaverdeetal2015,
  author    = {Fern\'andez-Villaverde, Jes\'us and Guerr\'on-Quintana, Pablo and Kuester, Keith and Rubio-Ram\'irez, Juan},
  title     = {Fiscal Volatility Shocks and Economic Activity},
  journal   = {American Economic Review},
  year      = {2015},
  volume    = {105(11)},
  pages     = {3352-3384},
  owner     = {vw},
  timestamp = {2015.11.01},
}

@ARTICLE{NakamuraSteinsson2014,
  author = {Emi Nakamura and Jón Steinsson},
  title = {Fiscal Stimulus in a Monetary Union: Evidence from US Regions},
  journal = {American Economic Review},
  year = {2014},
  volume = {4},
  pages = {753-792},
  owner = {vw},
  timestamp = {2014.03.01}
}

@ARTICLE{Angelonietal2015,
  author = {Angeloni, Ignazio and Faia, Ester and Lo Duca, Marco},
  title = {Monetary policy and risk taking},
  journal = {Journal of Economic Dynamics \& Control},
  year = {2015},
  volume = {52},
  pages = {285-307},
  owner = {Seb},
  timestamp = {2015.01.01}
}

@Article{Milani2007,
  author        = {Fabio Milani},
  title         = {Expectations, learning and macroeconomic persistence},
  journal       = {Journal of Monetary Economics},
  year          = {2007},
  volume        = {54},
  number        = {7},
  pages         = {2065 - 2082},
  __markedentry = {[Farkas:]},
  doi           = {http://dx.doi.org/10.1016/j.jmoneco.2006.11.007},
  issn          = {0304-3932},
  keywords      = {Persistence, Constant-gain learning, Expectations, Habit formation, Inflation inertia, Bayesian econometrics, New-Keynesian model},
  url           = {http://www.sciencedirect.com/science/article/pii/S0304393206002406},
}

@Article{Slobodyan2012,
  author   = {Slobodyan, Sergey and Wouters, Raf},
  title    = {{Learning in an estimated medium-scale DSGE model}},
  journal  = {Journal of Economic Dynamics and Control},
  year     = {2012},
  volume   = {36},
  number   = {1},
  pages    = {26-46},
  abstract = {We evaluate the empirical relevance of learning by private agents in an estimated medium-scale DSGE model. We replace the standard rational expectations assumption in the Smets and Wouters (2007) model by a constant-gain learning mechanism. If agents know the correct structure of the model and only learn about the parameters, both expectation mechanisms produce very similar results, and only the transition dynamics that are generated by specific initial beliefs seem to improve the fit. If, instead, agents use only a reduced information set in forming the perceived law of motion, the implied model dynamics change and, depending on the specification of the initial beliefs, the marginal likelihood of the model can improve significantly. These best-fitting models add additional persistence to the dynamics and this reduces the gap between the IRFs of the DSGE model and the more data-driven DSGE-VAR model. However, the learning dynamics do not systematically alter the estimated structural parameters related to the nominal and real frictions in the DSGE model.},
  doi      = {10.1016/j.jedc.2011.01.01},
  keywords = {Constant-gain adaptive learning; Medium-scale DSGE model; DSGE-VAR},
  url      = {https://ideas.repec.org/a/eee/dyncon/v36y2012i1p26-46.html},
}

@Article{Rychalovska2016,
  author        = {Yuliya Rychalovska},
  title         = {The implications of financial frictions and imperfect knowledge in the estimated DSGE model of the U.S. economy},
  journal       = {Journal of Economic Dynamics and Control},
  year          = {2016},
  volume        = {73},
  pages         = {259 - 282},
  __markedentry = {[Farkas:6]},
  abstract      = {In this paper, I study how alternative assumptions about expectation formation can modify the implications of financial frictions for the real economy. I incorporate a financial accelerator mechanism into a version of the Smets and Wouters (2007) DSGE framework and explore the properties of the model assuming, on the one hand, complete rationality of expectations and, alternatively, several learning algorithms that differ in terms of the information set used by agents to produce the forecasts. I show that the implications of the financial accelerator for the business cycle may vary depending on the approach to modeling the expectations. The results suggest that the learning scheme based on small forecasting functions is able to amplify the effects of financial frictions relative to the model with Rational Expectations. Specifically, I show that the dynamics of real variables under learning is driven to a significant extent by the time variation of agents’ beliefs about financial sector variables. During periods when agents perceive asset prices as being relatively more persistent, financial shocks lead to more pronounced macroeconomic outcomes. The amplification effect rises as financial frictions become more severe. At the same time, a learning specification in which agents use more information to generate predictions produces very different asset price and investment dynamics. In such a framework, learning cannot significantly alter the real effects of financial frictions implied by the Rational Expectations model.},
  doi           = {http://dx.doi.org/10.1016/j.jedc.2016.09.014},
  issn          = {0165-1889},
  keywords      = {DSGE models, Financial accelerator, Adaptive learning},
  url           = {http://www.sciencedirect.com/science/article/pii/S0165188916301567},
}

@Comment{jabref-meta: databaseType:bibtex;}