Christian A Stoltenberg
Biographic Data
| ID | 5733334 |
|---|---|
| NAME | Christian A Stoltenberg |
| GIVEN NAMES | Christian A |
| FAMILY NAME | Stoltenberg |
| SIGNATURE | STOLTENBERG C A |
| AFFILIATIONS | University of Amsterdam and Tinbergen Institute |
| ORCID | 0000-0001-5922-9051 |
| VERIFIED | Yes |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 1 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2015 |
| LATEST PUBLICATION YEAR | 2015 |
| H-INDEX | 0 |
Monetary Policy and the Transaction Role of Money in the US
The declining importance of money in transactions can explain the well-known fact that U.S. interest rate policy was passive in the pre-Volcker period and active after 1982. We generalise a standard cashless New Keynesian model (Woodford2003) by incorporating an explicit transaction role for money. In the pre-Volcker period, we estimate that money did play an important role and determinacy required a passive interest rate policy. However, after 1…
No prominent works on this page.
Monetary Policy and the Transaction Role of Money in the US
The declining importance of money in transactions can explain the well-known fact that U.S. interest rate policy was passive in the pre-Volcker period and active after 1982. We generalise a standard cashless New Keynesian model (Woodford2003) by incorporating an explicit transaction role for money. In the pre-Volcker period, we estimate that money did play an important role and determinacy required a passive interest rate policy. However, after 1…
Database transaction (1 works) · Determinacy (1 works) · Economic theories and models (1 works) · Economic Theory and Policy (1 works) · Economics (1 works) · Endogenous money (1 works) · Interest rate (1 works) · Keynesian economics (1 works) · Macroeconomics (1 works) · Monetary economics (1 works)