Unconventional Monetary Policy According to HANK
收藏NBER2022-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w30329
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资源简介：
This paper studies the implications of household heterogeneity for the effectiveness of quantitative easing (QE). We consider a heterogeneous agent New Keynesian (HANK) model with uninsurable household income risk. Financial intermediaries are subject to an endogenous leverage constraint that allows
提供机构：
美国国家经济研究局
创建时间：
2022-08-01
