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Monetary aggregates and liquidity in a neo-Wicksellian framework

Canzoneri, Matthew B.; Cumby, Robert; Diba, Behzad; … - 2008 - This Draft: March 6, 2008

Woodford (2003) describes a popular class of neo-Wicksellian models in which monetary policy is characterized by an interest-rate rule, and the money market and financial institutions are typically not even modeled. Critics contend that these models are incomplete and unsuitable for...

Persistent link: https://www.econbiz.de/10011610151