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On the theoretical efficacy of quantitative easing at the zero lower bound

Boel, Paola; Waller, Christopher - 2015

Persistent link: https://www.econbiz.de/10011392873

On the theoretical efficacy of quantitative easing at the zero lower bound

Boel, Paola; Waller, Christopher - 2015

agents are satiated at the zero lower bound and therefore there is scope for central bank policies of liquidity provision … temporarily relaxes the liquidity constraint of impatient agents, without harming the patient ones. Moreover, due to a pricing …

Persistent link: https://www.econbiz.de/10011338171

Efficient monetary allocations and the illiquidity of bonds

Boel, Paola (contributor); Camera, Gabriele (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002542034

Essays on monetary economies with heterogeneous agents

Boel, Paola - 2006

Persistent link: https://www.econbiz.de/10009271072

Efficient monetary allocations and the illiquidity of bonds

Boel, Paola; Camera, Gabriele - In: Journal of monetary economics 53 (2006) 7, pp. 1693-1715

Persistent link: https://www.econbiz.de/10003381923

Efficient Monetary Allocations and the Illiquidity of Bonds

Camera, Gabriele - 2014

We construct a monetary economy with heterogeneity in discounting and consumption risk. Agents can insure against this risk with money and nominal government bonds, but all trades must be monetary. We demonstrate that a deflationary policy à la Friedman cannot sustain the constrained efficient...

Persistent link: https://www.econbiz.de/10013039821