Skip to main content

Vol. 92, No. 4
Posted 2010-07-01

Conventional and Unconventional Monetary Policy

by Vasco Cúrdia and Michael Woodford

The authors extend a standard New Keynesian model to incorporate heterogeneity in spending opportunities and two sources of (potentially time-varying) credit spreads and to allow a role for the central bank’s balance sheet in equilibrium determination.



Related Content


Subscribe to our newsletter


Follow us

Twitter logo Google Plus logo Facebook logo YouTube logo LinkedIn logo
Back to Top