Results 1 - 1 of 1 for yield curve has inverted signaling [Author: Michael Woodford]
Conventional and Unconventional Monetary Policy - Review
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.
research.stlouisfed.org/.../review/2010/07/01/conventional-and-unconventional-monetary-policy
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