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Found 1 from your keywords: author="SCHNELL, Fabian"
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Heterogeneity in Macroeconomics and its Implications for Monetary Policy
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SCHNELL, Fabian

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 heteroge…

Edition
-
ISBN/ISSN
978-3-658-09730-1
Collation
XVIII, 166
Series Title
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Call Number
330 SCH h