Blar i Discussion papers (SAM) på forfatter "Molnar, Krisztina"

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    • Euler Equations, Subjective Expectations and Income Shocks 

      Attanasio, Orazio; Kovacs, Agnes; Molnar, Krisztina (DP SAM;21/2018, Working paper, 2018)
      In this paper, we make three substantive contributions: first, we use elicited subjective income expectations to identify the levels of permanent and transitory income shocks in a life-cycle framework; second, we use these ...

    • Euler Equations, Subjective Expectations and Income Shocks. 

      Attanasio, Orazio; Kovacs, Agnes; Molnar, Krisztina (DP SAM;05, Working paper, 2017-04)
      In this paper, we make three substantive contributions: first, we use elicited subjective income expectations to identify the levels of permanent and transitory income shocks in a life-cycle framework; second, we use these ...

    • On the perils of stabilizing prices when agents are learning 

      Mele, Antonio; Molnar, Krisztina; Santoro, Sergio (DP SAM;22/2018, Working paper, 2018)
      The main advantage of price level stabilization compared with in ation stabilization rests on the central bank's ability to shape expectations. We show that stabilizing prices is no longer optimal when the central bank ...