Optimal monetary policy with capital and a financial accelerator

DOI10.1016/j.jedc.2018.04.006zbMath1401.91377OpenAlexW2801892850MaRDI QIDQ1657609

Y. Aharonov

Publication date: 13 August 2018

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

Full work available at URL: http://hdl.handle.net/11343/214150

zbMATH Keywords

capitaloptimal monetary policyfinancial acceleratorfire saleslinear-quadratic analysis

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Trade models (91B60)

Cites Work

• Linear-quadratic approximation of optimal policy problems
• Optimal interest rate rules, asset prices, and credit frictions
• Do credit market imperfections justify a central bank's response to asset price fluctuations?
• Should monetary policy lean against the wind? An analysis based on a DSGE model with banking
• The Impact of Uncertainty Shocks
• Incentive-Compatible Debt Contracts: The One-Period Problem
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy

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