Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints
收藏NBER2006-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12470
下载链接
链接失效反馈官方服务：
资源简介：
We study optimal monetary policy in an economy with nominal private debt, borrowing constraints and price rigidity. Private debt reflects equilibrium trade between an impatient borrower, who faces an endogenous collateral constraint, and a patient saver, who engages in consumption smoothing. Since
提供机构：
美国国家经济研究局
创建时间：
2006-08-01
