Exchange Rates and Monetary Policy with Heterogeneous Agents ...

Monetary Policy and Redistribution in Open Economies

Monetary policy and exchange rates with heterogeneous agents: Resurrecting the real income channel. Autor, D. H., Dorn, D. and Hanson, G. H. (2013). The ...

Exchange Rate Policy and Heterogeneity in Small Open Economies

I find that exchange rate flexibility distributes consumption gains to the poorer agents. The monetary tightening required to stabilize the ...

HBANK: Monetary Policy with Heterogeneous Banks

Straub, “Exchange Rates and Monetary Policy with Het- erogeneous Agents: Sizing up the Real Income Channel,” NBER Working Paper 28873,. 2021. Baqaee, D., E ...

Housing Markets and the Heterogeneous Effects of Monetary Policy ...

I show that part of this heterogeneity is explained by the housing and mortgage market institutions, specifically by the share of adjustable- rate mortgages and ...

Heterogeneity in currency areas and macroeconomic policies

3 p.m., Sudden stops and expenditure switching: The role of income and relative prices. Rudolfs Bems, Latvijas Banka; International Monetary Fund with Julian di ...

Monetary Policy and Wealth Effects: The Role of Risk and ...

Keywords: Monetary Policy, Wealth Effects, Asset Prices, Heterogeneity ... Monetary policy with heterogeneous agents: In- sights from tank models ...

Consumption Heterogeneity and Monetary Policy In Open Economy

Ricardian consumers can smooth consumption over time by borrowing and lending in the financial market, like a standard utility-maximizing agent. Keynesian ...

Heterogeneous Asset Returns and Monetary Policy Redistribution

My elasticity is three-fourths larger than a similar representative agent model. Conversely, a 1% rate hike would drop aggregate consumption by ...

Monetary Policy, Redistribution, and Risk Premia

KEYWORDS: Monetary policy, risk premia, heterogeneous agents. 1 ... Rates, and Exchange Rates in General Equilibrium,” Review of Economic Studies, 76 ...

Published Papers - Helene Rey

... prices and leverage and discuss its impact on monetary policy autonomy across different exchange rate regimes. We focus in particular on the effect of US ...

Exchange Rates and Monetary Policy

We find that monetary policy can explain a sizable fraction of the volatility of exchange rate changes for some currency pairs, primarily the ones where the GBP.

Exchange Rates and Monetary Policy with Heterogeneous Agents ...

Introducing heterogeneous households to a New Keynesian small open economy model amplifies the real income channel of exchange rates: the rise ...

Heterogeneous Agents in Macroeconomic Models

Program · Serdar Birinci (Federal Reserve Bank of St Louis), Fatih Karahan, Yusuf Mercan, Kurt See: Labor Market Shocks and Monetary Policy (pdf, 2 MB)

Monetary Policy and Redistribution in Open Economies - Banca d'Italia

Monetary policy and exchange rates with heterogeneous agents: Resurrecting the real income channel. Autor, D. H., Dorn, D. and Hanson, G. H. ...

Optimal Monetary Policy with Heterogeneous Agents

where t is the domestic inflation rate (equivalently, the rate of nominal exchange rate deprecia- tion). 2.1 Households. 2.1.1 Output and net assets.

Monetary Policy According to HANK - American Economic Association

Recession.” Journal of Monetary Economics 59 (S): S50–64. Olivi, A. 2017. “Sufficient Statistics for Heterogeneous Agent Models. ... Exchange Rate Policy and ...

Unconventional monetary policy tools: a cross-country analysis

... monetary policy: by lowering market rates and easing financial conditions more broadly. ... agents' uncertainty regarding future levels of the Bank's policy rate ...

Monetary Policy Credibility and Exchange Rate Pass-Through

Exchange Rate Pass-Through to Consumer. Prices, Cross-Country Heterogeneity ... true: agents could agree that the central bank will miss its target, such ...

Quantitative Easing with Heterogenous Agents

... monetary policy, which had become powerless as the policy rate ... Debortoli, Davide and Jordi Galí, “Monetary Policy with Heterogeneous Agents: Insights from ...

Monetary and fiscal policies in a heterogeneous-agent economy - jstor

Moreover, higher tax rates reduce aggregate labour and thus the fiscal compo- nent of government transfers. Altogether, the positive effect of income taxation.