Canzoneri, Matthew; Cumby, Robert; Diba, Behzad; … - Nationale Bank van België/Banque national de Belqique (BNB) - 2008
Woodford (2003) describes a popular class of neo-Wicksellian models in which monetary policy is characterized by an interest-rate rule, and the money market and financial institutions are typically not even modeled. Critics contend that these models are incomplete and unsuitable for...
