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~institution:"C.E.P.R. Discussion Papers"
~person:"Lippi, Francesco"
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State dependent monetary policy
Lippi, Francesco
;
Ragni, Stefania
;
Trachter, Nicholas
-
C.E.P.R. Discussion Papers
-
2014
incomplete
markets
, which give rise to a business cycle. In this setting money policy has distributional effects that depend on …
Persistent link: https://www.econbiz.de/10011083446
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2
On the optimal supply of liquidity with borrowing constraints
Lippi, Francesco
;
Trachter, Nicholas
-
C.E.P.R. Discussion Papers
-
2012
We characterize policies for the supply of liquidity in an economy where agents have a precautionary savings motive due to random production opportunities and the presence of borrowing constraints. We show that a socially efficient provision of liquidity involves a trade-off between insurance...
Persistent link: https://www.econbiz.de/10011083781
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