Showing 1 - 10 of 71
Persistent link: https://www.econbiz.de/10001400072
This paper examines the potential role of the interest on reserves as a main monetary policy tool, in a model of financial intermediation with financial and nominal frictions calibrated to US data (1985-2018). The interest on reserves is shown to affect financial spreads and real economic...
Persistent link: https://www.econbiz.de/10013241743
Persistent link: https://www.econbiz.de/10015192395
Persistent link: https://www.econbiz.de/10009713464
Persistent link: https://www.econbiz.de/10010477913
Persistent link: https://www.econbiz.de/10003751480
Persistent link: https://www.econbiz.de/10003880302
Persistent link: https://www.econbiz.de/10003476255
Persistent link: https://www.econbiz.de/10003202925
Persistent link: https://www.econbiz.de/10003266989