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...
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| Weitere Verfasser: | , |
| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2015.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2015/016 |
| Online Zugang: | Full text available on IMF |