Monetary and macroprudential policies under fixed and variable interest rates
In this paper, I analyze the ability of monetary policy to stabilize both the macroeconomy and financial markets under two different scenarios: fixed and variable-rate mortgages. I develop and solve a New Keynesian dynamic stochastic general equilibrium model (DSGE) that features a housing market an...
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| Format: | Article |
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Cambridge University Press
2017
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| Online Access: | https://eprints.nottingham.ac.uk/40034/ |