Browsing Økonomisk institutt by Author "Hagedorn, Marcus"

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  • Forward guidance 
    Hagedorn, Marcus; Luo, Jinfeng; Manovskii, Iourii; Mitman, Kurt (Journal article / Tidsskriftartikkel / SubmittedVersion, 2019)
    We assess the power of forward guidance — promises about future interest rates — as a monetary tool in a liquidity trap using a quantitative incomplete-markets model. Our results suggest the effects of forward guidance are ...
  • Identifying Equilibrium Models of Labor Market Sorting 
    Hagedorn, Marcus; Law, Tzuo Hann; Manovskii, Iourii (Journal article / Tidsskriftartikkel / SubmittedVersion, 2017)
    We assess the empirical content of equilibrium models of labor market sorting based on unobserved (to economists) characteristics. In particular, we show theoretically that all parameters of the classic model of sorting ...