Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations
收藏NBER2020-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26796
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资源简介：
I analyze an extension of the New Keynesian model that features overlapping generations of finitely-lived agents and (stochastic) transitions to inactivity. In contrast with the standard model, the proposed framework allows for the existence of rational expectations equilibria with asset price
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美国国家经济研究局创建时间：
2020-03-01
