Monetary policy and asset prices with belief-driven fluctuations

DOI10.1016/j.jedc.2013.03.002zbMath1327.91044OpenAlexW2109577634MaRDI QIDQ900378

Roberta Cardani, Marco Airaudo, Kevin J. Lansing

Publication date: 22 December 2015

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2013.03.002

zbMATH Keywords

heterogeneous agentsmonetary policyasset pricescost channelequilibrium determinacy

Mathematics Subject Classification ID

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

Related Items (2)

Editorial: Introduction to the special issue on `Rethinking policies when heterogeneity matters' ⋮ Monetary policy, stock prices, and consumption externalities

Cites Work

• Determinacy, stock market dynamics and monetary policy inertia
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• Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers
• Computing sunspot equilibria in linear rational expectations models
• Optimal interest rate rules, asset prices, and credit frictions
• Learning about monetary policy rules when the cost-channel matters
• Monetary policy, stock prices, and consumption externalities
• THE COST CHANNEL OF MONETARY POLICY AND INDETERMINACY
• The Solution of Linear Difference Models under Rational Expectations
• The Present-Value Relation: Tests Based on Implied Variance Bounds
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

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