Financial Development and the Distributional Effects of Monetary Policy Do the distributional consequences of monetary policy depend on the extent of financial development? Should optimal monetary policy vary across countries? In order to answer these questions, we develop a monetary growth production model with heterogeneous agents. In our economy, optimal policy needs to weigh the effects of ...
| Authors: | Ghossoub, TINA M. Edgar A. ; Reedy, TINA M. Robert R. |
|---|---|
| Institutions: | College of Business, University of Texas-San Antonio |
| Subject: | Financial Development | Friedman Rule | Monetary Policy | Stock Market |
| Extent: | application/pdf |
|---|---|
| Series: | |
| Type of publication: | Book / Working Paper |
| Language: | English |
| Notes: | The price is Free Number 0035 28 pages |
| Classification: | E44 - Financial Markets and the Macroeconomy ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E31 - Price Level; Inflation; Deflation ; O16 - Financial Markets; Saving and Capital Investment |
| Source: |
Persistent link: https://www.econbiz.de/10005754984