A Theory of Macroprudential Policies in the Presence of Nominal Rigidities
We propose a theory of monetary policy and macroprudential interventions in financial markets. We focus on economies with nominal rigidities in goods and labor markets and subject to constraints on monetary policy, such as the zero lower bound or fixed exchange rates. We identify an aggregate demand...
| Main Authors: | , , |
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| Format: | Article |
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The Econometric Society
2018
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| Online Access: | http://hdl.handle.net/1721.1/114273 https://orcid.org/0000-0003-2370-5575 |