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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Occhino, Filippo | en |
dc.date.accessioned | 2009-01-29T15:49:26Z | - |
dc.date.available | 2009-01-29T15:49:26Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/23190 | - |
dc.description.abstract | Several papers have recently adopted the segmented markets model as aframework for monetary analysis. The characteristic assumption is that somehouseholds never participate in financial markets. This paper proves the existence of an equilibrium for segmented markets models where monetary policyis defined in terms of the short-term nominal interest rate. The model allowsto consider the important cases where monetary policy affects output, and responds to any source of uncertainty, including output itself. The assumptions required for existence constrain the maximum value and the variability of thenominal interest rate. The period utility function is logarithmic. The proof isconstructive, and shows how the model can be solved numerically. A similarproof can be used in the case that monetary policy is defined in terms of thebond supply. | en |
dc.language.iso | eng | en |
dc.publisher | |aRutgers University, Department of Economics |cNew Brunswick, NJ | en |
dc.relation.ispartofseries | |aWorking Paper |x2004-11 | en |
dc.subject.jel | C60 | en |
dc.subject.jel | E52 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | segmented markets | en |
dc.subject.keyword | limited participation | en |
dc.subject.keyword | interest rate monetary policy | en |
dc.subject.keyword | existence | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Zins | en |
dc.subject.stw | Marktsegmentierung | en |
dc.subject.stw | Cash-in-Advance-Modell | en |
dc.subject.stw | Gleichgewicht | en |
dc.subject.stw | Theorie | en |
dc.title | Existence of Equilibrium for Segmented Markets Models with Interest Rate Monetary Policies | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 389549509 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:rut:rutres:200411 | en |
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