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...
| Autore principale: | |
|---|---|
| Altri autori: | , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2016.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 2016/058 |
| Accesso online: | Full text available on IMF |