Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints
Published Date
Copyright 2008
ISBN 9780226092119
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Copy CitationTommaso Monacelli, Asset Prices and Monetary Policy (University of Chicago Press, 2008), chap. 3, https://www.nber.org/books-and-chapters/asset-prices-and-monetary-policy/optimal-monetary-policy-collateralized-household-debt-and-borrowing-constraints.
Published From Paper
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Working Paper
We study optimal monetary policy in an economy with nominal private debt, borrowing constraints and price rigidity....
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