Do credit market imperfections justify a central bank's response to asset price fluctuations?

Do credit market imperfections justify a central bank's response to asset price fluctuations? This study addresses this question from the perspective of equilibrium determinacy. In the model we use, prices are sticky and the working capital of firms is subject to asset values because of a lack...

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Bibliographic details
Volume: 61
Main Author: Nutahara, Kengo
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: AMSTERDAM ELSEVIER SCIENCE BV 01.12.2015
Elsevier B.V
published in: Journal of economic dynamics & control Vol. 61; pp. 81 - 94
Data of publication: 2015-12-01
ISSN: 0165-1889
1879-1743
EISSN: 1879-1743
Discipline: Economics
Subjects:
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2015
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