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Monetary Policy in a NK Regime

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Author Info
Romar Correa () (University of Mumbai)

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Abstract

We provide an explicit derivation of the conjecture that due to the asymmetric information that characterizes the relationship between bank and borrower monetary policy will be less than fully expansionary.

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File URL: http://www.beje.decon.ufpe.br/v3n1/correa/correa.htm
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Publisher Info
Article provided by Department of Economics, Universidade Federal de Pernambuco in its journal Brazilian Electronic Journal of Economics.

Volume (Year): 3 (2000)
Issue (Month): 1 (June)
Pages:
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Handle: RePEc:bej:issued:v:3:y:2000:i:1:correa

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Related research
Keywords: asymmetric information; monetary policy;

Find related papers by JEL classification:
D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information
E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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This page was last updated on 2009-12-2.

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