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Prudential Monetary Policy

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NBER2019-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25977
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Should monetary policymakers raise interest rates during a boom to rein in financial excesses? We theoretically investigate this question using an aggregate demand model with asset price booms and financial speculation. In our model, monetary policy affects financial stability through its impact on
创建时间:
2019-06-01
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