Limited asset markets participation, monetary policy and (inverted) aggregate demand logic

DOI10.1016/j.jet.2007.07.008zbMath1136.91414OpenAlexW2062649741MaRDI QIDQ928880

Florin O. Bilbiie

Publication date: 11 June 2008

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2007.07.008

zbMATH Keywords

dynamic general equilibriumoptimal monetary policyaggregate demandlimited asset markets participationTaylor principlereal (in)determinacy

Mathematics Subject Classification ID

Related Items (22)

Rule‐of‐Thumb Consumers, Productivity, and Hours* ⋮ Changes in the output Euler equation and asset markets participation ⋮ How does the sensitivity of consumption to income vary over time? International evidence ⋮ Optimal monetary policy in a New Keynesian model with heterogeneous expectations ⋮ Unnamed Item ⋮ Limited asset market participation and fiscal sustainability ⋮ DEEP EQUILIBRIUM NETS ⋮ Unemployment risk, MPC heterogeneity, and business cycles ⋮ Fiscal multipliers: A heterogenous‐agent perspective ⋮ Household balance sheet channels of monetary policy: a back of the envelope calculation for the euro area ⋮ Business cycle implications of rising household credit market participation in emerging countries ⋮ When is government debt accumulation optimal in a liquidity trap? ⋮ Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers ⋮ Delegating optimal monetary policy inertia ⋮ Currency substitution, risk premia and the Taylor principle ⋮ The Taylor principle fights back. I ⋮ Limited participation in international business cycle models: a formal evaluation ⋮ The Taylor principle fights back. II ⋮ Fiscal policy and liquidity traps with heterogeneous agents ⋮ Determinacy analysis in high order dynamic systems: the case of nominal rigidities and limited asset market participation ⋮ Heterogeneous beliefs, monetary policy, and stock price volatility ⋮ The power of forward guidance in a quantitative TANK model

Cites Work

• 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
• New perspectives on capital, sticky prices, and the Taylor principle
• The design of monetary and fiscal policy: a global perspective
• Does it matter (for equilibrium determinacy) what price index the central bank targets?
• Expectations and the Stability Problem for Optimal Monetary Policies
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Investment and interest rate policy

This page was built for publication: Limited asset markets participation, monetary policy and (inverted) aggregate demand logic