Preference heterogeneity and optimal monetary policy

DOI10.1016/J.JEDC.2021.104289OpenAlexW3096823710MaRDI QIDQ2115955

Burak R. Uras, Hugo van Buggenum

Publication date: 15 March 2022

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104289

zbMATH Keywords

optimal policyzero lower boundnegative interest ratesheterogeneous consumption preferences

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Related Items (1)

Coexistence of money and interest-bearing bonds

Cites Work

• An overlapping-generations model with search
• How important is discount rate heterogeneity for wealth inequality?
• Societal benefits of illiquid bonds.
• Optimal monetary policy in an overlapping generations model with search theoretic monetary exchange
• The fragility of short-term secured funding markets
• Bank Runs, Deposit Insurance, and Liquidity
• STABILIZATION POLICY AT THE ZERO LOWER BOUND

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