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Indebted demand
Mian, Atif
;
Straub, Ludwig
;
Sufi, Amir
-
2020
aggregate
demand
, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation …
Persistent link: https://www.econbiz.de/10012199991
Saved in:
2
Monetary policy and asset price overshooting: a rationale for the Wall/Main Street disconnect
Caballero, Ricardo J.
;
Simsek, Alp
-
2022
We analyze optimal monetary policy and its implications for asset prices, when
aggregate
demand
has inertia and …
Persistent link: https://www.econbiz.de/10013093040
Saved in:
3
Credit booms, debt overhang and secular stagnation
Illing, Gerhard
;
Ono, Yoshiyasu
;
Schlegl, Matthias
-
2017
booms? We present a model of persistent
aggregate
demand
shortage based on strong liquidity preferences of households, in … booms can mask this structural
aggregate
demand
deficiency. However, the resulting debt overhang permanently depresses …
Persistent link: https://www.econbiz.de/10011774952
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