Banks, money, and the zero lower bound on deposit rates

DOI10.1016/j.jedc.2021.104208zbMath1478.91123OpenAlexW2972621255MaRDI QIDQ2054804

Xu An Wang, Michael Kumhof

Publication date: 3 December 2021

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/1871.1/9824e915-f388-4ef1-a1eb-05f2aca179cd

zbMATH Keywords

Taylor rulesmoney demandPhillips curveinside moneybanksmonetary policy rulesmoney creationzero lower bounddeposits-in-advance

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

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