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 arises if the working capital of firms is subject to their asset values by financial frictions
We study optimal operational interest rate rules in two prototype economies with sticky prices and c...
In this paper we develop a sticky price DSGE model to study the role of capital market imperfections...
This paper analyses the relationship between monetary policy and asset prices using a structural rat...
A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset pric...
A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset pric...
Carlstrom and Fuerst (2007) [``Asset prices, nominal rigidities, and monetary policy,'' Review of Ec...
Carlstrom and Fuerst [“Asset Prices, Nominal Rigidities, and Monetary Policy, ” Review of Economic D...
Should monetary policy respond to asset prices? This paper analyzes this question from the vantage p...
We reassess monetary equilibrium theory by focusing on its foundation – price stickiness – and answe...
A focal point of macroeconomic policy analysis over the past decade has been whether central banks s...
We study optimal monetary policy in two prototype economies with sticky prices and credit market fri...
We examine empirically whether asset prices and exchange rates may be admitted into a standard inter...
This paper attempts to model the relationship between monetary policy and financial asset prices. We...
This paper analyses the relationship between monetary policy and asset prices using a structural ra...
This paper studies the role of collateral constraints in transforming small monetary shocks into lar...
We study optimal operational interest rate rules in two prototype economies with sticky prices and c...
In this paper we develop a sticky price DSGE model to study the role of capital market imperfections...
This paper analyses the relationship between monetary policy and asset prices using a structural rat...
A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset pric...
A recent study shows that equilibrium indeterminacy arises if monetary policy responds to asset pric...
Carlstrom and Fuerst (2007) [``Asset prices, nominal rigidities, and monetary policy,'' Review of Ec...
Carlstrom and Fuerst [“Asset Prices, Nominal Rigidities, and Monetary Policy, ” Review of Economic D...
Should monetary policy respond to asset prices? This paper analyzes this question from the vantage p...
We reassess monetary equilibrium theory by focusing on its foundation – price stickiness – and answe...
A focal point of macroeconomic policy analysis over the past decade has been whether central banks s...
We study optimal monetary policy in two prototype economies with sticky prices and credit market fri...
We examine empirically whether asset prices and exchange rates may be admitted into a standard inter...
This paper attempts to model the relationship between monetary policy and financial asset prices. We...
This paper analyses the relationship between monetary policy and asset prices using a structural ra...
This paper studies the role of collateral constraints in transforming small monetary shocks into lar...
We study optimal operational interest rate rules in two prototype economies with sticky prices and c...
In this paper we develop a sticky price DSGE model to study the role of capital market imperfections...
This paper analyses the relationship between monetary policy and asset prices using a structural rat...