Limited asset markets participation, monetary policy and (inverted) aggregate demand logic

By Florin O. Bilbiie. Journal of Economics Theory, 2008

415 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d664ba41eb43d584f884d51e0f04077210fb942b

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Citations in the corpus

Monetary Policy and Heterogeneity: An Analytical Framework (2018, neutral): “This model thus captures three distinct AD channels relative to RANK: (i) the TANK channel of cyclical inequality without risk operating in e.g. Bilbiie (2008, 2017) and Debortoli and Galí (2018); (ii) the HANK-specific, cyclical-inequality component due to self-insurance– essentially adding…”
The New Keynesian cross (2020, methodology): “That is, the same (within-the-period) ampli cation that is the main theme of the TANK version in Bilbiie (2008) and extends now intertemporally when any agent can become constrained in any current or future period and self-insures (imperfectly) against the risk of doing so.”
Monetary Policy According to HANK (2018, neutral): “7See, e.g., Iacoviello (2005), Gali et al. (2007), Bilbiie (2008) and Challe et al. (2015).”
CENTRAL BANK POLICIES AND INCOME AND WEALTH INEQUALITY: A SURVEY (2019, neutral): “Early contributions to this literature are Gal`ı et al. (2007), Bilbiie (2008), and Colciago (2011).”
A Behavioral New Keynesian Model (2020, neutral): “(2007), Mankiw (2000), Bilbiie (2008), Mankiw and Weinzierl (2011) and Woodford (2013).(26,27) When dealing with complex situations, a representative agent is often simpler.”
The Discounted Euler Equation: A Note (2016, methodology): “Discounting of this kind does not arise in the spender–saver setup (see, for example, Bilbiie 2008).”
Financial Inclusion - Issues for Central Banks (2015, result): “That said, as always, this result is sensitive to assumptions about how the economy works (see eg Bilbiie (2008) and Colciago (2011)).”
The Fiscal Multiplier (2019, neutral): “As Bilbiie (2018) shows, some calibrations of these models can resolve the puzzles but then the multiplier is small.”
Monetary Policy and the Redistribution Channel (2017, neutral): “In ’saver-spender’ models, such as Bilbiie (2008), ’spender’ agents live hand-to-mouth and consume their incomes, so they have ˆ MPC = 1; while ’saver’ agents have access to financial markets, with a low ˆ MPC.”
Transmission of Monetary Policy with Heterogeneity in Household Portfolios (2018, background): “Bilbiie, F. O. (2008). Limited asset markets participation, monetary policy and (inverted) aggregate demand logic. Journal of Economic Theory, 140(1):162 – 196. Broer, T., Hansen, N.-J. H., Krusell, P., and Öberg, E. (2016). The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective.”
The State of New Keynesian Economics: A Partial Assessment (2018, methodology): “Early applications of the TANK framework include Galí et al. (2007) and Bilbiie (2008).”