Credit, Asset Prices and Monetary Policy
Leif Brubakk, Gisle James Natvik
Abstract
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Leif Brubakk, Gisle James Natvik
Abstract
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Based on the established literature, we develop a structural model for the Norwegian economy that incorporates feed-backs from asset prices and credit to the real economy. We then use this framework for policy analysis, focusing on the role of asset prices and credit under optimal simple monetary policy rules.
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Based on the established literature, we develop a structural model for the Norwegian economy that incorporates feed-backs from asset prices and credit to the real economy. We then use this framework for policy analysis, focusing on the role of asset prices and credit under optimal simple monetary policy rules.
Key concepts: Asset (computer security), Monetary policy, Economics, Monetary economics, Norwegian, Macroeconomics, Computer science, Philosophy