We study whether a central bank should deviate from its objective of price stability to promote financial stability. We tackle this question within a textbook New Keynesian model augmented with capital accumulation and microfounded endogenous financial crises. We compare several interest rate rules,...
We study whether a central bank should deviate from its objective of price stability to promote financial stability. We tackle this question within a textbook New Keynesian model augmented with capital accumulation and microfounded endogenous financial crises. We compare several interest rate rules,...
avec Marie-Pascale Dubé, Nastassja Martin, Marie Chénè, Alexandra Engelfriet, Douglas White, Pascal Clément, Anaïs Tondeur, Pierre Janin, Rachel Gome, Jordi Gali, les siffleurs d'oiseaux, etc… https://www.lelaboratoire.net/ca-remue-4/
