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Asset marketpParticipation, monetary policy rules, and the Great Inflation

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Asset Market Participation, Monetary Policy Rules and the Great Inflation

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hypothesis, and study the relative merits of changes in structure and shocks for reproducing the conquest of the Great Inflation …

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Asset Market Participation, Monetary Policy Rules, and the Great Inflation.

Straub, Roland - 2006

Intro -- Contents -- I. Introduction -- II. Limited Asset Market Participation and Monetary Policy: Some Theory -- III. Empirical Evidence -- IV. Change in Structure of Economy or in Distribution of Shocks? -- V. Conclusions -- General Model.

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