Preference heterogeneity and optimal monetary policy

DOI10.1016/J.JEDC.2021.104289MaRDI QIDQ2115955zbMATH OpenOpenAlexFDO

Authors Burak R. Uras, Hugo van Buggenum

Publication date 15 March 2022

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1016/j.jedc.2021.104289

zbMATH Keywords

optimal policyzero lower boundnegative interest ratesheterogeneous consumption preferences

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Recommendations

• Monetary policy and heterogeneous expectations
• Optimal monetary policy in a New Keynesian model with heterogeneous expectations
• Optimal monetary policy with heterogeneous money holdings
• Heterogeneity and monetary policy
• Optimal monetary policy with asymmetric preferences for output
• Monetary and macroprudential policy coordination with biased preferences
• Optimal monetary policy with partially rational agents
• Household's preferences and monetary policy inertia
• Expectations and the Stability Problem for Optimal Monetary Policies

Cites work

• An overlapping-generations model with search
• Bank Runs, Deposit Insurance, and Liquidity
• How important is discount rate heterogeneity for wealth inequality?
• Optimal monetary policy in an overlapping generations model with search theoretic monetary exchange
• Societal benefits of illiquid bonds.
• Stabilization policy at the zero lower bound
• The fragility of short-term secured funding markets

Cited in

(11)

• Household's preferences and monetary policy inertia
• Evaluating monetary policy under preferences with zero wealth effect: a Bayesian approach
• Preference Structure and Volatility in a Financially Integrated World
• Non-neutral responses to money supply shocks when consumption and leisure are Pareto substitutes
• Optimal monetary policy with heterogeneous money holdings
• Heterogeneous expectations in monetary DSGE models
• Coexistence of money and interest-bearing bonds
• Optimal monetary policy in a New Keynesian model with heterogeneous expectations
• Expectational diversity in monetary economies
• Heterogeneity and monetary policy
• Wealth inequality and optimal monetary policy

This page was built for publication: Preference heterogeneity and optimal monetary policy

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2115955)