Hur, Joonyoung; Oh, Hyoung Seok - In: KDI Journal of Economic Policy 46 (2024) 1, pp. 91-129
financial crisis, leading to a rise in household debt. Additionally, analyzing the central bank's conduct of monetary policy … inflation and growth in its policy decisions, with some responsiveness to the increase in household debt. However, the …, estimating the optimal interest rate rule to minimize the central bank's loss function reveals that a policy considering …