Credit Frictions and Optimal Monetary Policy
收藏NBER2015-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21820
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资源简介：
We extend the basic (representative-household) New Keynesian [NK] model of the monetary transmission mechanism to allow for a spread between the interest rate available to savers and borrowers, that can vary for either exogenous or endogenous reasons. We find that the mere existence of a positive
提供机构：
美国国家经济研究局
创建时间：
2015-12-01
