A large central bank balance sheet? floor vs corridor systems in a new keynesian environment
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- Arce, Óscar & Nuño, Galo & Thaler, Dominik & Thomas, Carlos, 2020. "A large central bank balance sheet? Floor vs corridor systems in a New Keynesian environment," Journal of Monetary Economics, Elsevier, vol. 114(C), pages 350-367.
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Cited by:
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- Gianluca Benigno & Pierpaolo Benigno, 2022. "Managing Monetary Policy Normalization," Staff Reports 1015, Federal Reserve Bank of New York.
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"Banks, Liquidity Management, and Monetary Policy,"
Econometrica, Econometric Society, vol. 90(1), pages 391-454, January.
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More about this item
Keywords
central bank balance sheet; interbank market; search and matching frictions; reserves; zero lower bound;All these keywords.
JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2019-01-21 (Central Banking)
- NEP-DGE-2019-01-21 (Dynamic General Equilibrium)
- NEP-MAC-2019-01-21 (Macroeconomics)
- NEP-MON-2019-01-21 (Monetary Economics)
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