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Leaning Against Housing Prices as Robustly Optimal Monetary Policy

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NBER2018-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24629
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资源简介:
We analytically characterize optimal monetary policy for a New Keynesian model with a housing sector. If one supposes that the private sector has rational expectations about future housing prices and inflation, optimal monetary policy can be characterized without making reference to housing price
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2018-05-01
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