Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10011707951
Persistent link: https://www.econbiz.de/10013392170
Persistent link: https://www.econbiz.de/10011569805
Persistent link: https://www.econbiz.de/10014483211
Persistent link: https://www.econbiz.de/10014305967
Should monetary policy respond to asset prices? This paper analyzes this question from the vantage point of equilibrium determinacy. A central bank responding to asset prices is indirectly responding to firm profits. In a model with sticky prices, increases in inflation tend to lower firm...
Persistent link: https://www.econbiz.de/10005085531