Nominal Rigidities in Debt and Product Markets
收藏NBER2016-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w22613
下载链接
链接失效反馈官方服务：
资源简介：
Standard models used for monetary policy analysis rely on sticky prices. Recently, the literature started to explore also nominal debt contracts. Focusing on mortgages, this paper compares the two channels of transmission within a common framework. The sticky price channel is dominant when shocks to
提供机构：
美国国家经济研究局
创建时间：
2016-09-01
