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MoNK: Mortgages in a New-Keynesian Model

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NBER2019-11-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w26427
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资源简介:
There has been much interest recently in the role of household long-term, mortgage, debt in the transmission of monetary policy. This paper offers a tractable framework that integrates the long-term debt channel with the standard New-Keynesian channel, providing a tool for monetary policy analysis
创建时间:
2019-11-01
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