Learning, Monetary Policy and Asset Prices /
We explore the stability properties of interest rate rules granting an explicit response to stock prices in a New-Keynesian DSGE model populated by Blanchard-Yaari non-Ricardian households. The constant turnover between long-time stock holders and asset-poor newcomers generates a financial wealth ch...
| 1. autor: | |
|---|---|
| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2015.
|
| Seria: | IMF Working Papers; Working Paper ;
No. 2015/016 |
| Dostęp online: | Full text available on IMF |