Implications of household-level evidence for policy models: the case of macro-financial linkages

Macroeconomic policy models should track the different channels of monetary transmission, providing a framework for Monetary Policy Committees. They should also be useful for assessing risks to financial stability, including for designing macroprudential stress tests and instrument settings in the n...

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Bibliographic Details
Main Author: Muellbauer, J
Format: Working paper
Published: University of Oxford 2020