Showing 1 - 10 of 145
This paper argues that limited asset market participation is crucial in explaining U.S. macroeconomic performance and monetary policy before the 1980s, and their changes thereafter. We develop an otherwise standard sticky-price dynamic stochastic general equilibrium model, which implies that at...
Persistent link: https://www.econbiz.de/10014404234
Persistent link: https://www.econbiz.de/10001627044
Persistent link: https://www.econbiz.de/10001674107
Persistent link: https://www.econbiz.de/10003902862
Persistent link: https://www.econbiz.de/10003902899
Persistent link: https://www.econbiz.de/10011494191
Persistent link: https://www.econbiz.de/10011896020
Persistent link: https://www.econbiz.de/10011732573
Persistent link: https://www.econbiz.de/10011670912
Persistent link: https://www.econbiz.de/10011675937