Investment Cost Channel and Monetary Transmission

We show that a standard DSGE model with investment cost channels has important model stability and policy implications. Our analysis suggests that in economies characterized by supply side well as demand side channels of monetary transmission, policymakers may have to resort to a much more aggressiv...

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Bibliographic details
Volume: 11
Main Author: Aksoy, Yunus
Basso, Henrique S
Martinez, Javier Coto
Format: Journal Article
Language: English
Place of publication: Research and Monetary Policy Department, Central Bank of the Republic of Turkey 2011
published in: Central Bank Review Vol. 11; no. 2; pp. 1 - 13
Data of publication: 2011
Series: Central Bank Review
Online Access: available in Bonn?
Database: RePEc
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