Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration
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The paper reconsiders the role of money and banking in monetary policy analysis by including a banking sector and money in an optimizing model otherwise of a standard type. The model is implemented quantitatively, with a calibration based on U.S. data. It is reasonably successful in providing an
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美国国家经济研究局创建时间：
2007-06-01
