The biodiversity bank cannot be a lending bank
نویسندگان
چکیده
منابع مشابه
Optimal central bank lending
We analyze optimal monetary policy in a sticky price model where the central bank supplies money outright via asset purchases and lends money temporarily against collateral. The terms of central bank lending a¤ect rationing of money and impact on macroeconomic aggregates. The central bank can set the policy rate and its ination target in a way that implements the rst best long-run allocation,...
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ژورنال
عنوان ژورنال: Conservation Letters
سال: 2010
ISSN: 1755-263X
DOI: 10.1111/j.1755-263x.2010.00110.x