Concept

Nominal rigidity

Related publications (32)

Graph Chatbot

Chat with Graph Search

Ask any question about EPFL courses, lectures, exercises, research, news, etc. or try the example questions below.

DISCLAIMER: The Graph Chatbot is not programmed to provide explicit or categorical answers to your questions. Rather, it transforms your questions into API requests that are distributed across the various IT services officially administered by EPFL. Its purpose is solely to collect and recommend relevant references to content that you can explore to help you answer your questions.

Three Essays in Banking and Finance

Damien Olivier Klossner

This thesis develops three models that study the motivation of various agents to take on debt, and the impact that excessive financial leverage can have on social welfare. In the chapter "Short-term Bank Leverage and the Value of Liquid Reserves", the ince ...

EPFL2019

Mortgage Default in an Estimated Model of the U.S. Housing Market

Luisa Lambertini, Pinar Uysal, Victoria Nuguer

This paper models the housing sector, mortgages and endogenous default in a DSGE setting with nominal and real rigidities. We use data for the period 1981-2006 to estimate our model using Bayesian techniques. We analyze how an increase in risk in the mortg ...

2017

Optimal exchange rate flexibility with large labor unions

Luisa Lambertini, Vincenzo Cuciniello

We study the optimal volatility of the exchange rate in a two-country model with sectoral non-atomistic wage setters, non-traded goods, nominal rigidities and alternative pricing assumptions – producer or local currency pricing. Labor unions internalize th ...

Elsevier2016

Statistics of Test Results for the ITER Nb3Sn and NbTi Conductors in the SULTAN Facility

Pierluigi Bruzzone, Kamil Sedlák, Boris Stepanov, Rainer Wesche

The series production of Nb3Sn and NbTi cable-inconduit conductors (CICC) for the winding of various coils in the International Thermonuclear Experimental Reactor (ITER) magnet system is being completed in 2015. The tests of the ITER conductor samples are ...

Ieee-Inst Electrical Electronics Engineers Inc2016

Pricing and hedging of inflation-indexed bonds in an affine framework

Damir Filipovic

This study deals with the pricing and hedging of inflation-indexed bonds. Under foreign exchange analogy we model the nominal short rate, real short rate and logarithm of the price index with an afflne Gaussian process. Using the underlying affine property ...

Elsevier2014

Financial Frictions within the Macroeconomy

Victoria Nuguer

Financial factors are central to the recent economic crisis. Most macroeconomic models treat banks and financial intermediation as a veil. These models are unable to account for the recent financial crisis and they cannot be used for policy evaluation. Fin ...

EPFL2014

Human Exposure to Close-Range Resonant Wireless Power Transfer Systems as a Function of Design Parameters

Juan Ramon Mosig, Nicolas Chavannes

In this study, human exposure to close-range wireless power transfer (WPT) systems operating in the frequency range 0.1-10 MHz with coil diameters up to 150 mm are investigated. Approximation formulae, which include scaling factors derived from numerical s ...

Institute of Electrical and Electronics Engineers2014

Dynamic Valuation of Delinquent Credit-Card Accounts

Thomas Alois Weber

This paper presents a model for the estimation of the repayment process of delinquent credit-card accounts conditional on account-specific and macroeconomic information. Based on this model we construct a dynamic collectability score (DCS). The DCS estimat ...

EPFL-CDM-MTEI2012

Tunneling conductivity in composites of attractive colloids

Peter Ryser, Claudio Grimaldi, Biagio Nigro

In conductor-insulator nanocomposites in which conducting fillers are dispersed in an insulating matrix, the electrical connectedness is established by inter-particle tunneling or hopping processes. These systems are intrinsically non-percolative and a coh ...

American Institute of Physics2012

Deep Habits, Price Rigidities and the Consumption Response to Government Spending

This paper inspects the 'deep' habits mechanism originally used by Ravn, Schmitt-Grohé and Uribe (2006) to generate the positive comovement of public and private consumption observed in many VAR studies. In their set-up, the price-elasticity of demand is p ...

Ghent University Faculty of Economics and Business Administration Working Paper 2010/6412011