Unconventional Policy Instruments in the New Keynesian Model /

This paper analyzes the use of unconventional policy instruments in New Keynesian setups in which the 'divine coincidence' breaks down. The paper discusses the role of a second instrument and its coordination with conventional interest rate policy, and presents theoretical results on equil...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Alla, Zineddine
Weitere Verfasser: Espinoza, Raphael, Ghosh, Atish
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2016.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2016/058
Online Zugang:Full text available on IMF