Blar i Discussion papers (FOR) på forfatter "Kozlov, Roman"
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An age-structured model for the effect of interest rate changes on consumption
Kozlov, Roman (Discussion paper;8/21, Working paper, 2021-08-30)A model for the effect of an interest rate change on household consumption is developed. The approach is age-structured: households reconsider their consumption patterns at the moment of the interest rate change and the ...