Heterogeneity in Macroeconomics and its Implications for Monetary Policy

Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of “Qua...

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Detalhes bibliográficos
Autor principal: Schnell, Fabian
Formato: Livro
Idioma:English
Publicado em: Springer 2015
Assuntos:
Acesso em linha:https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/59364
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