Discussion of ”Should monetary policy lean against the wind? An analysis based on a DSGE model with banking”

Since 2006 Norges Bank has maintained and revised an open-economy New Keynesian model for monetary policy analysis and forecasting (NEMO). The overriding goal of the model has been

In a small open economy like Norway, monetary policy operates primarily through five channels: 18 (1) the direct exchange rate channel to inflation, (2) the real interest

Results for the Euro area indicate that, for business loans, a monetary policy shock has a stronger impact on GDP growth and inflation through (bank) credit supply — the bank

This thesis focuses on the concept of Central Bank Digital Currencies (CBDC) and the possible implications this could entail for monetary policy, commercial banks,

“If that view [based on the theory] is correct, a VAR with constant coefficients will be mis-specified and may provide a distorted view of the effects of monetary policy on