Optimal term structure in a monetary economy with incomplete markets

DOI10.1515/bejte-2016-0158OpenAlexW2748210962MaRDI QIDQ2098922

Matthew Hoelle

Publication date: 22 November 2022

Published in: The B. E. Journal of Theoretical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1515/bejte-2016-0158

zbMATH Keywords

incomplete marketsPareto efficiencyyield curveunconventional monetary policyasset span

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Cites Work

• On the Pareto efficiency of term structure targeting policies
• Real effects of money in general equilibrium
• Optimal fiscal and monetary policy under sticky prices.
• Frictional asset markets and the liquidity channel of monetary policy
• The relation between sunspot effects and multiplicity in incomplete markets models with numeraire assets
• Anchoring expectations of inflation
• Term structure and forward guidance as instruments of monetary policy
• On the Flexibility of Monetary Policy: The Case of the Optimal Inflation Tax
• Stationary Markov Equilibria
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral

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