Monetary policy, accounting conservatism and trade credit
نویسندگان
چکیده
منابع مشابه
Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Credit Risks and Monetary Policy Trade-off's
Financial frictions and financial shocks can affect the trade-off between inflation stabilization and output-gap stabilization faced by a central bank. Financial frictions lead to a greater response in output following any deviation of inflation from target and thus lead to an increase in the sacrifice ratio. As a result, optimal monetary policy in the face of credit frictions is to allow great...
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ژورنال
عنوان ژورنال: China Journal of Accounting Research
سال: 2015
ISSN: 1755-3091
DOI: 10.1016/j.cjar.2015.09.002