| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26427 |
| 来源ID | Working Paper 26427 |
| MoNK: Mortgages in a New-Keynesian Model | |
| Carlos Garriga; Finn E. Kydland; Roman Šustek | |
| 发表日期 | 2019-11-04 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | There has been much interest recently in the role of household long-term, mortgage, debt in the transmission of monetary policy. This paper offers a tractable framework that integrates the long-term debt channel with the standard New-Keynesian channel, providing a tool for monetary policy analysis that reflects the recent debates in the literature. As the model includes both short- and long-term debt, it provides a useful laboratory for the analysis of monetary policy operating not only through short-term actions, as has been done traditionally in the literature, but also through expected, persistent, changes in its stance. |
| 主题 | Macroeconomics ; Monetary Policy ; Financial Economics ; Financial Institutions ; Regional and Urban Economics |
| URL | https://www.nber.org/papers/w26427 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584099 |
| 推荐引用方式 GB/T 7714 | Carlos Garriga,Finn E. Kydland,Roman Šustek. MoNK: Mortgages in a New-Keynesian Model. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26427.pdf（479KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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