Bericht
A model to think about crypto-assets and central bank digital currency
This paper introduces digital assets, crypto assets in general, and Central Bank Digital Currency in particular, into an otherwise standard New-Keynesian closed economy model with Financial Frictions. We use this setting to study the impact of a change in preferences towards the use of digital assets and to address whether the emergence of this type of instruments affect the transmission of monetary policy shocks. In this context we study the introduction of Central Bank Digital Currencies. The model is stylized but it could be a baseline for the design of models for quantitative analysis.
- Language
-
Englisch
- Bibliographic citation
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Series: EconPol Policy Report ; No. 33
- Classification
-
Wirtschaft
Macroeconomics and Monetary Economics: General
- Subject
-
New Keynesian
Crypto assets
Central Bank Digital Currency
- Event
-
Geistige Schöpfung
- (who)
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Seoane, Hernán D.
- Event
-
Veröffentlichung
- (who)
-
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
- (where)
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Munich
- (when)
-
2021
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Seoane, Hernán D.
- ifo Institute - Leibniz Institute for Economic Research at the University of Munich
Time of origin
- 2021
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