Two Monetary Tools: Interest Rates and Haircuts

Adam Ashcraft, Nicolae Gârleanu & Lasse Heje Pedersen
Published Date
Copyright 2011
ISBN 0-226-00213-6
DOI 10.1086/657530
Book: NBER Macroeconomics Annual 2010, Volume 25
Book editors: Daron Acemoglu & Michael Woodford
PUBLISHER: University of Chicago Press
Series: Macroeconomics Annual

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Topics

Macroeconomics
Business Cycles
Money and Interest Rates
Monetary Policy
Financial Economics
Portfolio Selection and Asset Pricing

Published From Paper

Two Monetary Tools: Interest Rates and Haircuts
- Working Paper
Author(s): Adam Ashcraft, Nicolae Gârleanu & Lasse Heje Pedersen
We study a production economy with multiple sectors financed by issuing securities to agents who face capital...

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