Edouard Challe

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Staff working papers

Optimal Monetary Policy According to HANK

Staff Working Paper 2021-55 Sushant Acharya, Edouard Challe, Keshav Dogra
We study optimal monetary policy in an analytically tractable Heterogeneous Agent New Keynesian model. In the model, the central bank has an incentive to reduce consumption inequality in addition to keeping economic activity at its efficient level and inflation stable.
Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Monetary policy JEL Code(s): E, E2, E21, E3, E30, E5, E52, E6, E62, E63

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