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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
A Step-by-Step Overview of Gertler's and Karadi's "Model of Unconventional Monetary Policy"

A Step-by-Step Overview of Gertler's and Karadi's "Model of Unconventional Monetary Policy"

Tissen, Colin
Owczarz, Wiktor

Paperback

Economics

ISBN10: 3668540543
ISBN13: 9783668540545
Publisher: Grin Verlag
Published: Oct 24 2017
Pages: 46
Weight: 0.16
Height: 0.11 Width: 5.83 Depth: 8.27
Language: English
Research Paper (undergraduate) from the year 2017 in the subject Economics - Finance, grade: 8.5, Maastricht University, course: Macroeconomics I, language: English, abstract: Our goal in this paper is to replicate the model of Gertler and Karadi (2011) and to give an elaborate overview of the way in which this model works. Instead of showing the final results, we provide a step-by-step overview of all the necessary calculations and derivations that lead to the ultimate model. Our last objective is to explain the relevance and the impact that the paper of Gertler and Karadi had. First, we describe the model with separate sections for the different agents that play a role in the model: households, financial intermediaries, intermediate goods firms, capital producing firms, retail firms, and the government (including the central bank). Secondly, we perform a Taylor approximation and import out model into Matlab. Thirdly, the model is analysed and the results are given. Fourthly, the impact of the Gertler and Karadi paper is discussed.

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