Malik Shukayev - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:22:20+00:00Optimal Monetary Policy and Price Stability Over the Long-Run
https://www.bankofcanada.ca/2007/04/working-paper-2007-26/
This paper examines the role of monetary policy in an environment with aggregate risk and incomplete markets. In a two-period overlapping-generations model with aggregate uncertainty and nominal bonds, optimal monetary policy attains the ex-ante Pareto optimal allocation.2007-04-02T12:24:07+00:00enOptimal Monetary Policy and Price Stability Over the Long-Run2007-04-02Monetary policy frameworkWorking Paper 2007-26 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-26.pdfOptimal Monetary Policy and Price Stability Over the Long-RunOleksiy KryvtsovMalik ShukayevAlexander UeberfeldtApril 2007EE5