Listar ECO_Articles por autoría "b003427b-138c-4b34-9e1d-c2001f27d480"
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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 ...