Optimal Monetary Policy with Heterogeneous Agents
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- Brand, Claus & Obstbaum, Meri & Coenen, Günter & Sondermann, David & Lydon, Reamonn & Ajevskis, Viktors & Hammermann, Felix & Angino, Siria & Hernborg, Nils & Basso, Henrique & Hertweck, Matthias & Bi, 2021. "Employment and the conduct of monetary policy in the euro area," Occasional Paper Series 275, European Central Bank.
- Stefano Maria Corbellini, 2022. "Optimal monetary and transfer policy in a liquidity trap," Diskussionsschriften dp2216, Universitaet Bern, Departement Volkswirtschaft.
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More about this item
Keywords
optimal monetary policy; incomplete markets; Gâteau derivative; nominal debt; inflation; redistributive effects; continuous time;All these keywords.
JEL classification:
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- F34 - International Economics - - International Finance - - - International Lending and Debt Problems
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2020-11-23 (Central Banking)
- NEP-DGE-2020-11-23 (Dynamic General Equilibrium)
- NEP-MAC-2020-11-23 (Macroeconomics)
- NEP-MON-2020-11-23 (Monetary Economics)
- NEP-UPT-2020-11-23 (Utility Models and Prospect Theory)
Statistics
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