Beaudry, Paul; Cavallino, Paolo; Willems, Tim - National Bureau of Economic Research - 2024
on the response of asset prices (supporting central banks closely monitoring the impact of monetary policy on asset … monetary policy. As retirement preoccupations strengthen, the potency of conventional monetary policy declines and depends more … offsetting income and substitution effects of interest rates, in a way that can be compounded by Quantitative Easing. We also …