Monetary Policy Rules with Financial Instability

To provide a rigorous analysis of monetary policy in the face of financial instability, the authors extend the standard dynamic stochastic general equilibrium model to include a financial system. Their simulations suggest that if financial stability affects output and inflation with a lag, and if th...

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Veröffentlicht in:	Finance a úvěr 2011-01, Vol.61 (6), p.545-565
Hauptverfasser:	Bulir, Ales, Bauducco, Sofia, Čihák, Martin
Format:	Artikel
Sprache:	eng
Schlagworte:	Central banks DSGE models financial instability Inflation Monetary policy monetary policy rule Stabilization Stochastic models Studies
Online-Zugang:	Volltext
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