{"product_id":"endogeneity-of-credit-or-nominal-rigidities-von-vaclav-france","title":"Endogeneity of Credit or Nominal Rigidities?","description":"\u003cp\u003eThis book presents a theoretical model which tries  to explain causes of business cycles ¿uctuations and  which has its roots in the Post-Keynesian stream of  economic thought. According to this model,  investment shocks together with endogeneity of money  causes business cycles ¿uctuations. This model is  compared with existing New Keynesian models which  assert that causes of business cycles ¿uctuations  are monetary policy shocks together with various  nominal and real rigidities. Author uses econometric  techniques(impulse-response functions and forecast  error variance decomposition) to investigate which  phenomenon contributes more to business cycles  ¿uctuations. Unfortunately, results do not enable to  draw a straightforward conclusion. It seems that  both phenomena play a certain role.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844308877\"\u003e\u003ch3\u003eEconometric analysis of causes of business cycles\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844308877","offer_id":39495961870429,"sku":"9783844308877","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/a9cd069e-73da-4430-a32b-dad9ccd40322.jpg?v=1739433477","url":"https:\/\/shop.autorenwelt.de\/products\/endogeneity-of-credit-or-nominal-rigidities-von-vaclav-france","provider":"Autorenwelt Shop","version":"1.0","type":"link"}