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Leaning Against the Wind: The Role of Different Assumptions About the Costs

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NBER2017-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23745
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Leaning against the wind (LAW), that is, tighter monetary policy for financial-stability purposes, has costs in terms of a weaker economy with higher unemployment and lower inflation and possible benefits from a lower probability or magnitude of a (financial) crisis. A first obvious cost is a weaker
提供机构:
美国国家经济研究局
创建时间:
2017-09-01
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