Federal Reserve Bank of Minneapolis: "How Should Monetary Policy Respond to Housing Inflation?"
October 29, 2024
October 29, 2024
MINNEAPOLIS, Minnesota, Oct. 29 (TNSres) -- The Federal Reserve Bank of Minneapolis issued the following Economic Research white paper (No. 808) on October 24, 2024, by Javier Bianchi, Alisdair McKay, and Neil Mehrotra entitled "How Should Monetary Policy Respond to Housing Inflation?"
Here are excerpts:
* * *
A persistent rise in rents has kept inflation above target in many advanced economies. Optimal policy in the standard New Keynesian (NK) mo . . .
Here are excerpts:
* * *
A persistent rise in rents has kept inflation above target in many advanced economies. Optimal policy in the standard New Keynesian (NK) mo . . .