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The monetary policy strategy of the ECB reconsidered

Galí, Jordi (contributor) - 2004

Persistent link: https://www.econbiz.de/10001955544

A comment on monetary policy and rational asset price bubbles

Allen, Franklin; Barlevy, Gadi; Gale, Douglas - 2023

Galí (2014) showed that a monetary policy rule that raises interest rates in response to bubbles can paradoxically lead to larger bubbles. This comment shows that a central bank that wants to dampen bubbles can always do so by raising interest rates aggressively enough. This result is different...

Persistent link: https://www.econbiz.de/10014316806

Monetary policy and endogenous financial crises

Boissay, Frederic; Collard, Fabrice; Galí, Jordi; … - 2021

Persistent link: https://www.econbiz.de/10012872647

Idiosyncratic income risk and aggregate fluctuations

Debortoli, Davide; Galí, Jordi - 2022 - Revised: January 2022

Persistent link: https://www.econbiz.de/10012873157

Monetary policy and endogenous financial crises

Boissay, Frederic; Collard, Fabrice; Galí, Jordi; … - 2022

Persistent link: https://www.econbiz.de/10012799467

Monetary policy and endogenous financial crises

Boissay, Frédéric; Collard, Fabrice; Galí, Jordi; … - 2022

tackle this question within a textbook New Keynesian model augmented with capital accumulation and microfounded endogenous … short run (through aggregate demand) and in the medium run (through capital accumulation). Second, a central bank can both …