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Climate change, financial intermediation, and monetary policy

Ohtaki, Eisei - 2023

Persistent link: https://www.econbiz.de/10014342192

Why aging induces deflation and secular stagnation

Braun, R. Anton; Ikeda, Daisuke - 2022

We provide a quantitative theory of deflation and secular stagnation. In our lifecycle framework, an aging population … puts persistent downward pressure on the price level, real interest rates, and output. A novel feature of our theory is …

Persistent link: https://www.econbiz.de/10013382196

Monetary rules, financial stability and welfare in a non-Ricardian framework

Adame Espinosa, Francisco - 2023

This work is based on a new Keynesian theoretical model for an advanced economy, which incorporates overlapping generations to analyze a channel through which fluctuations in household financial wealth influence aggregate demand. The optimal monetary policy, corresponding to that of a central...

Persistent link: https://www.econbiz.de/10014438853