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Papyrus : Université de Montréal Digital Institutional Repository - Browsing by Author "BOUAKEZ, Hafedh"

Digital Institutional Repository

Papyrus : Université de Montréal Digital Institutional Repository - Browsing by Author "BOUAKEZ, Hafedh"

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  • BOUAKEZ, Hafedh; CARDIA, Emanuela; RUGE-MURCIA, Francisco (Université de Montréal - Département de sciences économiques, 2008-08)
    Barsky, House and Kimball (2007) show that introducing durable goods into a sticky-price model leads to negative sectoral comovement of production following a monetary policy shock and, under certain conditions, to aggregate ...
  • AMBLER, Steve; BOUAKEZ, Hafedh; CARDIA, Emanuela (Université de Montréal - Département de sciences économiques, 2008-09)
    Recent empirical evidence from vector autoregressions (VARs) suggests that public spending shocks increase (crowd in) private consumption. Standard general equilibrium models predict the opposite. We show that a standard ...
  • BOUAKEZ, Hafedh; CARDIA, Emanuela; RUGE-MURCIA, Francisco (2002)
    This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general equilibrium models with sticky prices fail to generate output responses ...
  • BOUAKEZ, Hafedh; CARDIA, Emanuela; RUGE-MURCIA, Francisco J. (Université de Montréal, Département de sciences économiques, 2009-02)
    In this paper, we study the macroeconomic implications of sectoral heterogeneity and, in particular, heterogeneity in price setting, through the lens of a highly disaggregated multi-sector model. The model incorporates ...
  • BOUAKEZ, Hafedh; CARDIA, Emanuela; RUGE-MURCIA, Francisco (2005)
    This paper constructs and estimates a sticky-price, Dynamic Stochastic General Equilibrium model with heterogenous production sectors. Sectors differ in price stickiness, capital-adjustment costs and production technology, ...

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