Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy

DOI10.3982/ECTA18821zbMath1485.91155OpenAlexW2969740387MaRDI QIDQ3390566

Johannes F. Wieland, Alisdair McKay

Publication date: 24 March 2022

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta18821

zbMATH Keywords

interest ratesmonetary policydurable goods

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30) General equilibrium theory (91B50)

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