@techreport{Goodhart2009Analysis,
abstract = {This paper introduces agent heterogeneity, liquidity, and endogenous default to a DSGE framework. Our model allows for a comprehensive assessment of regulatory and monetary policy, as well as welfare analysis in the different sectors of the economy. Due to liquidity and endogenous default, the transmission mechanism of shocks is well defined, and their short to medium run effects on financial stability are properly captured.},
address = {M\"{u}nchen},
author = {Charles A. E. Goodhart and Carolina Osorio and Dimitrios P. Tsomocos},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D50; E43; E44; E50; G01; G20; 330; general equilibrium; financial fragility; monetary policy; regulation},
language = {eng},
number = {2885},
publisher = {CESifo},
title = {Analysis of monetary policy and financial stability: a new paradigm},
type = {CESifo working paper},
url = {http://hdl.handle.net/10419/30638},
year = {2009}
}
