Monetary Policy in a NK Regime

Romar Correa

Brazilian Electronic Journal of Economics, 2000, vol. 3, issue 1

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.

Keywords: asymmetric information; monetary policy (search for similar items in EconPapers)
JEL-codes: D82 E52 (search for similar items in EconPapers)
Date: 2000
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