Past Event

Econ Postdoc Seminar: Davoud Taghawi-Nejad - "The Effects of Monetary Shocks on the Distribution of Prices"

Empirical evidence shows monetary shocks have two temporary effects on the distribution of prices: the dispersion of prices increases and some prices change in the ‘wrong’ direction. We present a model that produces the observed relations between monetary shocks and the distribution of prices. In our model, firms are related to each other through a production network. New money enters the economy through some firms and percolates to other firms through demand and supply linkages.

Details:

08 February 2017 16:30 - 17:30


Location

Nuffield College

1 New Road
Oxford OX1 1NF


Complexity Economics