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Monetary Policy in Financial Economies

Smith, Andrew Lee
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Abstract
This dissertation explores a critical question that arose naturally as a consequence of the Great Recession: What is the appropriate role for and design of monetary policy in financial economies? In addition to analyzing the unprecedented actions taken by policy makers in the wake of the worst Financial Crisis since the Great Depression, I also examine how conventional monetary policy instruments should be designed and implemented in New-Keynesian economies - the workhorse model of monetary policy for central banks.
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Date
2014-08-31
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University of Kansas
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Economics Dissertations and Theses
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Economics, Financial Frictions, House Prices, Monetary Aggregates, Monetary Policy, Money, Unconventional Monetary Policy
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https://hdl.handle.net/1808/23967
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