A model of unconventional monetary policy

Keywords

Intermediation, Financial intermediary, Balance sheet, Dynamic stochastic general equilibrium, Zero lower bound

References

• Deciphering the Liquidity and Credit Crunch 2007-08Markus K. Brunnermeier — 2008
• The Financial Accelerator in a Quantitative Business Cycle FrameworkBen Bernanke, Mark Gertler, Simon Gilchrist — 1998
• Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium AnalysisCharles T. Carlstrom, Timothy S. Fuerst — 1998
• The Great Depression and the Friedman-Schwartz HypothesisLawrence J. Christiano, Roberto Motto, Massimo Rostagno — 2003
• Agency Costs, Net Worth, and Business FluctuationsBen Bernanke, Gertler, Mark, Ben Bernanke — 1988
• Zero Bound on Interest Rates and Optimal Monetary PolicyGauti B. Eggertsson, Professor Woodford Michael — 2003
• Sudden Stops, Financial Crises, and LeverageEnrique G. Mendoza — 2010
• The Real-Bills Doctrine versus the Quantity Theory: A ReconsiderationThomas J. Sargent, Neil Wallace — 1982
• Leverage Cycles and the Anxious EconomyAna Fostel, John Geanakoplos — 2008
• Shocks and Frictions in Us Business Cycles: A Bayesian DSGE ApproachFrank Smets, Rafael Wouters — 2007
• Financial Intermediation, Loanable Funds, and The Real SectorBengt Holmström, J. Tirole — 1997
• Optimal interest rate rules, asset prices, and credit frictionsEster Faia, Tommaso Monacelli — 2005
• "Overreaction" of Asset Prices in General EquilibriumS. Rao Aiyagari, Mark Gertler — 1998
• A Modigliani-Miller Theorem for Open-Market OperationsNeil Wallace — 1981
• Financial crises, bank risk exposure and government financial policyMark Gertler, Nobuhiro Kiyotaki, Albert Queraltó — 2012
• A Macroeconomic Model with a Financial SectorMarkus K. Brunnermeier, Yuliy Sannikov — 2013
• House prices, borrowing constraints and monetary policy in the business cycleMatteo Iacoviello — 2005
• AN INTERTEMPORAL CAPITAL ASSET PRICING MODELRobert C. Merton — 1973
• Macroeconomic Effects of Financial ShocksUrban J. Jermann, Vincenzo Quadrini — 2009
• Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock MarketsSimon Gilchrist, Vladimir Yankov, Egon Zakrajšek — 2009

Cited by

• Monetary Policy and Financial Stability Risks: An ExampleJames A. Clouse — 2013
• Tax Reduction Policies of the Productive Sector and Its Impacts on Brazilian EconomyCelso José Costa, Armando Vaz Sampaio — 2014
• Essays in structural macroeconometricsPérez Forero, Fernando José — 2013
• The 3D Model: a Framework to Assess Capital RegulationLaurent Clerc, Alexis Derviz, Stéphane Moyen — 2014
• Generalization Error Bounds for Time SeriesDaniel J. McDonald — 2012
• Using a DSGE Model to Assess the Macroeconomic Effects of Reserve Requirements in BrazilWaldyr Areosa, Christiano A. Coelho — 2013
• Macroeconomic Forecasting in Chile: a Structural Bayesian ApproachCarlos García, M Pablo González, S Antonio Moncado — 2013
• The Bank of England's forecasting platform: COMPASS, MAPS, EASE and the suite of modelsStephen Burgess, Emilio Fernández Corugedo, Charlotta Groth — 2013
• Booms and Systemic Banking CrisesFrédéric Boissay, Fabrice Collard, Frank Smets — 2013
• What do VARs Tell Us about the Impact of a Credit Supply Shock? An Empirical AnalysisHaroon Mumtaz, Gábor Pintér, Konstantinos Theodoridis — 2014
• Global financial crisis of 2007 : analysis of origin & assessment of contagion to emerging economies : lessons & challenges for financial regulationShazia Ghani — 2013
• ANÁLISE DO PAPEL DA POLÍTICA MACROPRUDENCIAL E SUA INSERÇÃO EM UM MODELO DSGEMarília Angelo Taveira — 2012
• A General Equilibrium Model with Banks and Default on LoansTamon Takamura — 2013
• Endogenous Entry, Banking, and Business CycleCarla La Croce, Lorenza Rossi — 2014
• International financial integration, credit frictions and exchange rate regimesMara Pirovano — 2013
• The Financial Accelerator and Market-Based Debt Instruments: A Role for Maturities?Michael Kühl — 2014
• Liquidity, Quantitative Easing and Optimal Monetary PolicyEngin Kara, Jasmin Sin — 2013
• Macroprudential Policy Instruments and Economic Imbalances in the Euro AreaMichał Brzoza‐Brzezina, Marcin Kolasa, Krzysztof Makarski — 2013
• Credit Spreads and Credit PoliciesIsabel Correia, Fiorella De Fiore, Pedro Teles — 2014
• A Macroeconomic Model of Endogenous Systemic Risk TakingDavid Martínez-Miera, Javier Suárez — 2012

Related papers

• The Neo-Fisherianism to Escape Zero Lower BoundSiddhartha Chattopadhyay — 2019
• Monetary Base Controllability after an Exit from Quantitative EasingAtsushi Tanaka — 2018
• Real Effects of Quantitative Easing at the Zero-Lower Bound: Structural VAR-based Evidence from JapanHeike Schenkelberg, Sebastian Watzka — 2011
• Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest RatesBennett T. McCallum — 2018
• Discretionary monetary policy and the zero lower bound on nominal interest ratesKlaus Adam, Roberto M. Billi — 2007
• Quantitative and credit easing policies at the zero lower bound on the nominal interest rateMeixing Dai — 2011
• Circumventing the Zero Lower Bound with Monetary Policy Rules Based on MoneyMichael T. Belongia, Peter N. Ireland — 2017