Nonconventional monetary policy in a regime-switching model with endogenous financial crises
This paper develops a regime-switching newkeynesian model for a small open economy, with an occasionally binding financial friction that allows for endogenous financial crises. The model has two regimes: a regime for normal economic times, in which financial market access is unconstrained, and a cri...
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| Formato: | Desconocido (Unknown) |
| Lenguaje: | Español (Spanish) |
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Universidad de los Andes, Facultad de Economía, CEDE
2020
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| Acceso en línea: | http://hdl.handle.net/1992/41033 |