Savings, asset scarcity, and monetary policy

DOI10.1016/J.JET.2019.04.004zbMATH Open1410.91341OpenAlexW2899049311MaRDI QIDQ2419600FDOQ2419600

Authors: Lukas Altermatt 

Publication date: 14 June 2019

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://repository.essex.ac.uk/28092/1/Savings%2C%20asset%20scarcity%2C%20and%20monetary%20policy.pdf

Recommendations

• Optimal interest rate rules, asset prices, and credit frictions
• The optimal quantity of money and partially-liquid assets
• Optimal Monetary Policy
• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• Preference heterogeneity and optimal monetary policy

zbMATH Keywords

overlapping generationsoptimal stabilizationzero lower boundnew monetarism

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Actuarial science and mathematical finance (91G99)

Cites Work

• Scarce collateral, the term premium, and quantitative easing
• Information, Liquidity, Asset Prices, and Monetary Policy
• Monetary Policy as Financial Stability Regulation
• Money in Search Equilibrium, in Competitive Equilibrium, and in Competitive Search Equilibrium
• Optimal fiscal and monetary policy when money is essential
• A Difficulty with the Optimum Quantity of Money
• Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*
• An overlapping-generations model with search
• Optimal monetary policy in an overlapping generations model with search theoretic monetary exchange
• The Safety Trap

Cited In (3)

• Liquidity constraints and precautionary saving
• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• Savings and default

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