房價、住宅抵押貸款信用和貨幣政策(pdf 36頁)

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
Baseline Model
? Model assessment
? Deviation from fundamental experiment
? Policy rule comparison
Household Financial Accelerator:
qAoki et al. (2002)
qIacoviello (2004)
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