Heterogeneity in Macroeconomics and Its Implications for Monetary Policy

by

Write The First Customer Review

Fabian Schnell develops a model indicating that by keeping real interest rates too low, monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of "Quantitative Easing" programs. A second model focuses on the short-term implications of heterogeneously productive firms, showing an acceleration effect of technology shocks. Finally, an empirical investigation of firms' price ...

Heterogeneity in Macroeconomics and Its Implications for Monetary Policy 2015, Springer Gabler

ISBN-13: 9783658097301

2015 edition

Trade paperback

Select