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Appendix.
- Source :
- BOFIT Discussion Papers; 7/13/2012, Issue 16, p28-30, 3p
- Publication Year :
- 2012
-
Abstract
- The article offers information on the equilibrium rates and simulation models used in the dynamic stochastic general equilibrium (DSGE) model. It states that when the equilibrium interest rates were used on required reserves then the equilibrium policy rate converged to a cost-weighted average of the deposit rate. It further states that simulating models helped to determine the impact of investments on the monetary policy of China.
- Subjects :
- STOCHASTIC models
MATHEMATICAL models
MONETARY policy
INTEREST rates
BANK deposits
Subjects
Details
- Language :
- English
- ISSN :
- 14564564
- Issue :
- 16
- Database :
- Complementary Index
- Journal :
- BOFIT Discussion Papers
- Publication Type :
- Academic Journal
- Accession number :
- 85506055