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A model of near-rational exuberance

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Persistent link: https://www.econbiz.de/10003740533

Worldwide macroeconomic stability and monetary policy rules

Bullard, James Brian (contributor); Singh, Aarti (contributor) - 2007 - Rev.

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Does technological progress magnify regional disparities?

Tabuchi, Takatoshi; Thisse, Jacques-François; Zhu, Xiwei - 2016

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Optimal monetary policy for the masses

Bullard, James Brian; DiCecio, Riccardo - 2019 - This draft: April 2, 2019

We study nominal GDP targeting as optimal monetary policy in a simple and stylized model with a credit market friction. The macroeconomy we study has considerable income inequality, which gives rise to a large private sector credit market. There is an important credit market friction because...

Persistent link: https://www.econbiz.de/10011998041