A supply side limited participation model of monetary transmission mechanism

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buir.advisorBaşçı, Erdem
dc.contributor.authorKaraca, Zeynal
dc.date.accessioned2016-01-08T18:13:52Z
dc.date.available2016-01-08T18:13:52Z
dc.date.issued2001
dc.departmentDepartment of Economicsen_US
dc.descriptionAnkara : The Department of Economics, Bilkent University, 2001.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2001.en_US
dc.descriptionIncludes bibliographical references leaves 21-23.en_US
dc.description.abstractThis thesis is a theoretical investigation of how money growth affects output, employment, consumption and real wages from a supply side channel. We analyze the effects of monetary shocks under deterministic and stochastic environments in a limited participation model with competitive and sticky wages. We find that anticipated money growth decreases output, employment, consumption, working capital and real wages, but increases profitability of the firms. Unanticipated money growth under sticky wages increases employment, output and consumption, decreases price and profits. The main contribution of this thesis to the literature is that when sticky nominal wages are included in a limited participation model with inelastic labor supply stylized business cycle facts can be obtaineden_US
dc.description.degreeM.A.en_US
dc.description.statementofresponsibilityKaraca, Zeynalen_US
dc.format.extentvi, 23 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/15130
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectLimited participation modelsen_US
dc.subjectSupply side monetary transmission mechanismen_US
dc.subjectSticky wagesen_US
dc.subject.lccHB241 .K37 2001en_US
dc.subject.lcshSupply-side economics--Mathematical models.en_US
dc.subject.lcshBusiness cycles--Mathematical models.en_US
dc.subject.lcshMonetary policy--Mathematical models.en_US
dc.subject.lcshMacroeconomics.en_US
dc.subject.lcshStatics and dynamics (Social sciences).en_US
dc.subject.lcshEquilibrium (Economics)--Mathematical models.en_US
dc.titleA supply side limited participation model of monetary transmission mechanismen_US
dc.typeThesisen_US
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