貨幣政策-居民抵押貸款及住房價格概述(pdf 36頁)(英文)

Objectives
? Should the Bank respond to house price growth?
? Use model with a financial accelerator in household sector to answer this question
? Answer this question in the presence of deviations from fundamentals
Outline
? Baseline Model
? Model assessment
? Deviation from fundamental experiment
? Policy rule comparison
Related Literature
? Household Financial Accelerator:
Model Overview
? 2 types of households: patient and impatient
? Financial intermediary
? House producers
? Intermediate good producers
? Final good producers
? Monetary authority

..............................