Showing 1 - 10 of 21,713
Persistent link: https://www.econbiz.de/10000091629
Persistent link: https://www.econbiz.de/10008660747
Persistent link: https://www.econbiz.de/10014304046
Persistent link: https://www.econbiz.de/10003728184
Persistent link: https://www.econbiz.de/10003788463
Persistent link: https://www.econbiz.de/10003879823
Persistent link: https://www.econbiz.de/10003419069
How should monetary policy respond to changes in financial conditions? In this paper we consider a simple model where firms are subject to idiosyncratic shocks which may force them to default on their debt. Firms’ assets and liabilities are denominated in nominal terms and predetermined when...
Persistent link: https://www.econbiz.de/10003969263