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Content archived on 2024-06-18

Monetary and fiscal policy with incomplete markets

Objective

General equilibrium models become the standard tool for analyzing optimal monetary policy actions. The dominant modelling approach in the study of monetary economies has been to assume that markets are complete.

Complete markets are an idealization that agents can trade all commodities on future states of the environment. The implications for authority policies are quite different in models with incomplete markets. We propose to develop a model able to capture these markets imperfections and be actually used by policy makers.

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Keywords

Topic(s)

Call for proposal

FP6-2002-MOBILITY-5
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Funding Scheme

EIF - Marie Curie actions-Intra-European Fellowships

Coordinator

LONDON SCHOOL OF ECONOMICS
EU contribution
No data
Address


United Kingdom
Total cost
No data