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
下载链接
链接失效反馈官方服务：
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
