Aggregate consumption typically exceeds 60 per cent of GDP and should be pivotal in central bank policy models. Most …

Aggregate consumption typically exceeds 60 per cent of GDP and should be pivotal in central bank policy models. Most …

We study the effects of monetary policy on aggregate consumption combining a heterogeneous agent model with measured … March 2021 would have reduced aggregate consumption by 0.14 percent on impact and an interest rate hike of 40 basis points … in March 2022 would have reduced aggregate consumption by 0.30 percent on impact. …

the modification of aggregate consumption. Numerical simulation shows that a decrease in the interest rate leads to a …

We study the effects of monetary policy on aggregate consumption combining a heterogeneous agent model with measured … March 2021 would have reduced aggregate consumption by 0.14 percent on impact and an interest rate hike of 40 basis points … in March 2022 would have reduced aggregate consumption by 0.30 percent on impact. …

the modification of aggregate consumption. Numerical simulation shows that a decrease in the interest rate leads to a …

We study the effects of monetary policy on aggregate consumption combining a heterogeneous agent model with measured … March 2021 would have reduced aggregate consumption by 0.14 percent on impact and an interest rate hike of 40 basis points … in March 2022 would have reduced aggregate consumption by 0.30 percent on impact. …