Listar Departament: Economia por autoría "1a07fbad-74d1-45a0-b89c-79cdb9682a2f"
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Inequality-constrained monetary policy in a financialized economy
FIERRO, LUCA EDUARDO; GIRI, FEDERICO; Russo, Alberto Elsevier (2023-10-31)We study how income inequality affects monetary policy through the inequality-household debt channel. We design a minimal macro Agent-Based model that replicates several stylized facts, including two novel ones: falling ...