Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10005082353
Persistent link: https://www.econbiz.de/10005021026
Persistent link: https://www.econbiz.de/10005131555
Persistent link: https://www.econbiz.de/10005182476
Persistent link: https://www.econbiz.de/10005182659
We extend a standard New Keynesian model to allow an analysis of "unconventional" dimensions of policy alongside traditional interest-rate policy. We find that quantitative easing in the strict sense is likely to be ineffective, but that targeted asset purchases by a central bank can instead be...
Persistent link: https://www.econbiz.de/10008864320
We consider optimal monetary stabilization policy in a New Keynesian model with explicit microfoundations, when the central bank recognizes that private-sector expectations need not be precisely model-consistent, and wishes to choose a policy that will be as good as possible in the case of any...
Persistent link: https://www.econbiz.de/10011042885