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...
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| Andre forfattere: | , |
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2016.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2016/058 |
| Online adgang: | Full text available on IMF |