Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations
Sign Up to like & getrecommendations! Published in 2021 at "American Economic Journal: Macroeconomics"
DOI: 10.1257/mac.20180427
Abstract: I analyze an extension of the New Keynesian model that features overlapping generations of finitely-lived agents and (stochastic) transitions to inactivity. In contrast with the standard model, the proposed framework allows for the existence of… read more here.
Keywords: new keynesian; monetary policy; keynesian model; overlapping generations ... See more keywords