Browsing Departament: Economia by Source "Journal of Economic Behavior and Organization 216 (2023) 366–385"

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    • closedAccess   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 ...