EAN: 9783658097301

Bilder-Quelle: discount24.de - Sport-Freizeit

Fabian Schnell develops a model indicating that by keeping real interest rates too low monetary policy can distort the allocation of resources across firms and potentially delay economic recovery after a recession. This is a new channel of monetary policy that is especially relevant in view of Quantitative Easing programs. A second model focuses on the short-term implications of heterogeneously productive firms showing an acceleration effect of technology shocks. Finally an empirical investigation of firms' price-setting behaviors shows that time-dependent factors relative to state-dependent ones play a small role with respect to the probability and the size of a price change. All results provide new insights for monetary policy.

Produktinformationen zuletzt aktualisiert am
19.03.2025 um 23:28 Uhr

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