The Macroeconomic Effects of Interest on Reserves
收藏NBER2012-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18409
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资源简介：
This paper uses a New Keynesian model with banks and deposits to study the macroeconomic effects of policies that pay interest on reserves. While their effects on output and inflation are small, these policies require major adjustments in the way that the monetary authority manages the supply of
提供机构：
美国国家经济研究局
创建时间：
2012-09-01
