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Complex eigenvalues and trend-reverting fluctuations

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Eine Wohlfahrtsökonomik für die neuen Zeiten und die Menschen in einer fragilen Welt : zur guten Erinnerung an Eberhard M. Fels (1924-1970) und Heinrich Strecker (1922-2013)

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Nominal GDP targeting with heterogeneous labor supply

Bullard, James Brian; Singh, Aarti - 2017 - This version: 17 February 2017

We study nominal GDP targeting as optimal monetary policy in a model with a credit market friction following Azariadis, Bullard, Singh and Suda (2018), henceforth ABSS. As in ABSS, the macroeconomy we study has considerable income inequality which gives rise to a large private sector credit...

Persistent link: https://www.econbiz.de/10011691592