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Language: en
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Type: BOOK - Published: 2011 - Publisher:
We study liquidity trap dynamics driven by nonfundamental shifts in expectations in a model with nominal rigidities, housing, credit frictions and a Taylor rule
Language: en
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Type: BOOK - Published: 2014 - Publisher:
Language: en
Pages: 48
Pages: 48
Type: BOOK - Published: 2010 - Publisher:
This paper studies the limitations of monetary policy transmission within a credit channel frame- work. We show that, under certain circumstances, the credit ch
Language: en
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Type: BOOK - Published: 2008 - Publisher:
Language: en
Pages: 29
Pages: 29
Type: BOOK - Published: 1999-01-01 - Publisher: International Monetary Fund
The seeming failure of loose monetary policy to reactivate Japan’s economy has led some observers to suggest that the usual credit channels through which mone
