Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints
收藏NBER2013-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19711
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资源简介：
We consider the effects of central-bank purchases of a risky asset, financed by issuing riskless nominal liabilities (reserves), as an additional dimension of policy alongside "conventional" monetary policy (central-bank control of the riskless nominal interest rate), in a general-equilibrium model
提供机构：
美国国家经济研究局
创建时间：
2013-12-01
