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Credit Market Frictions, Business Cycles, and Monetary Policy: The Research Contributions of Charles Carlstrom and Timothy Fuerst

Todd Clark, Matthias Paustian and Eric Sims ()
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Matthias Paustian: https://www.federalreserve.gov/econres/matthias-o-paustian.htm

Economic Commentary, 2020, vol. 2020, issue 07, 5

Abstract: Charles Carlstrom and Timothy Fuerst were prolific and prominent research economists who, until their untimely deaths a few years ago, were long-associated with the Federal Reserve Bank of Cleveland. Their myriad contributions include the incorporation of financial market imperfections into macroeconomic models and the study of optimal monetary policy. We provide an overview of their work and summarize a few key themes from a research conference held in their honor.

Date: 2020
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https://doi.org/10.26509/frbc-ec-202007 Full Text

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DOI: 10.26509/frbc-ec-202007

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