Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs /
The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial frictions are a relevant source of macroeconomic fluctuation. We derive a measure of...
| Hoofdauteur: | |
|---|---|
| Andere auteurs: | , |
| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2014.
|
| Reeks: | IMF Working Papers; Working Paper ;
No. 2014/128 |
| Online toegang: | Full text available on IMF |