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Browsing Documents OpenAIRE (Open Access Infrastructure for Research in Europe) by Author "Galí, Jordi, 1961-"

Browsing Documents OpenAIRE (Open Access Infrastructure for Research in Europe) by Author "Galí, Jordi, 1961-"

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  • Galí, Jordi, 1961- (American Economic Association, 2014)
    I examine the impact of alternative monetary policy rules on a rational asset price bubble, through the lens of an overlapping generations model with nominal rigidities. A systematic increase in interest rates in response ...
  • Galí, Jordi, 1961-; Gambetti, Luca (American Economic Association, 2015)
    We estimate the response of stock prices to monetary policy shocks using a time-varying coefficients VAR. Our evidence points to protracted episodes in which stock prices end up increasing persistently in response to an ...

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