Add to ORKGA recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset prices, especially share prices, in a sticky-price economy. We show that equilibrium indeterminacy never arise if the working capital of firms is subject to their asset values by financial frictions
In this paper we develop a sticky price DSGE model to study the role of capital market imperfections...
We study optimal operational interest rate rules in two prototype economies with sticky prices and c...
In sticky price models with endogenous investment, virtually all monetary policy rules that set a no...
A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset pric...
Carlstrom and Fuerst [“Asset Prices, Nominal Rigidities, and Monetary Policy, ” Review of Economic D...
Carlstrom and Fuerst (2007) [``Asset prices, nominal rigidities, and monetary policy,'' Review of Ec...
We study optimal monetary policy in two prototype economies with sticky prices and credit market fri...
Should monetary policy respond to asset prices? This paper analyzes this question from the vantage p...
A focal point of macroeconomic policy analysis over the past decade has been whether central banks s...
We study whether monetary economies display nominal indeterminacy: equivalently, whether mon-etary p...
We study a general equilibrium model in which informational frictions impede entrepreneurs' ability ...
The aim of the present paper is to analyze the link between price rigidity and indeterminacy. This i...
In this paper it is shown that money can matter for macroeconomic stability under interest rate poli...
This paper studies the optimal monetary policy response to a distortionary shock to firms ’ investme...
In an open economy, outside money in positive supply does not eliminate the real indeterminacy which...
In this paper we develop a sticky price DSGE model to study the role of capital market imperfections...
We study optimal operational interest rate rules in two prototype economies with sticky prices and c...
In sticky price models with endogenous investment, virtually all monetary policy rules that set a no...
A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset pric...
Carlstrom and Fuerst [“Asset Prices, Nominal Rigidities, and Monetary Policy, ” Review of Economic D...
Carlstrom and Fuerst (2007) [``Asset prices, nominal rigidities, and monetary policy,'' Review of Ec...
We study optimal monetary policy in two prototype economies with sticky prices and credit market fri...
Should monetary policy respond to asset prices? This paper analyzes this question from the vantage p...
A focal point of macroeconomic policy analysis over the past decade has been whether central banks s...
We study whether monetary economies display nominal indeterminacy: equivalently, whether mon-etary p...
We study a general equilibrium model in which informational frictions impede entrepreneurs' ability ...
The aim of the present paper is to analyze the link between price rigidity and indeterminacy. This i...
In this paper it is shown that money can matter for macroeconomic stability under interest rate poli...
This paper studies the optimal monetary policy response to a distortionary shock to firms ’ investme...
In an open economy, outside money in positive supply does not eliminate the real indeterminacy which...
In this paper we develop a sticky price DSGE model to study the role of capital market imperfections...
We study optimal operational interest rate rules in two prototype economies with sticky prices and c...
In sticky price models with endogenous investment, virtually all monetary policy rules that set a no...