Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/30638 
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dc.contributor.authorGoodhart, Charles A. E.en
dc.contributor.authorOsorio, Carolinaen
dc.contributor.authorTsomocos, Dimitrios P.en
dc.date.accessioned2010-01-26-
dc.date.accessioned2010-05-14T08:23:30Z-
dc.date.available2010-05-14T08:23:30Z-
dc.date.issued2009-
dc.identifier.urihttp://hdl.handle.net/10419/30638-
dc.description.abstractThis 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.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x2885en
dc.subject.jelD50en
dc.subject.jelE43en
dc.subject.jelE44en
dc.subject.jelE50en
dc.subject.jelG01en
dc.subject.jelG20en
dc.subject.ddc330en
dc.subject.keywordgeneral equilibriumen
dc.subject.keywordfinancial fragilityen
dc.subject.keywordmonetary policyen
dc.subject.keywordregulationen
dc.titleAnalysis of monetary policy and financial stability: a new paradigm-
dc.typeWorking Paperen
dc.identifier.ppn617135010en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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