Do credit market imperfections justify a central bank's response to asset price fluctuations?

DOI10.1016/j.jedc.2015.09.008zbMath1401.91421OpenAlexW2161651436MaRDI QIDQ1657429

Kengo Nutahara

Publication date: 13 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://cigs.canon/article/uploads/pdf/workingpapers/150929_nutahara.pdf

zbMATH Keywords

equilibrium indeterminacymonetary policyasset pricescollateral constraintsTaylor principlecredit market imperfections

Mathematics Subject Classification ID

Related Items (1)

Optimal monetary policy with capital and a financial accelerator

Cites Work

• Optimal interest rate rules, asset prices, and credit frictions
• Agency costs and business cycles
• Linear stability conditions for a first-order three-dimensional discrete dynamic.
• Investment and interest rate policy: a discrete time analysis
• COLLATERAL CONSTRAINT AND NEWS-DRIVEN CYCLES
• Land-Price Dynamics and Macroeconomic Fluctuations
• SUNSPOTS AND CREDIT FRICTIONS

This page was built for publication: Do credit market imperfections justify a central bank's response to asset price fluctuations?