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.

Sprache
Englisch

Erschienen in
Series: EconPol Policy Report ; No. 33

Klassifikation
Wirtschaft
Macroeconomics and Monetary Economics: General
Thema
New Keynesian
Crypto assets
Central Bank Digital Currency

Ereignis
Geistige Schöpfung
(wer)
Seoane, Hernán D.
Ereignis
Veröffentlichung
(wer)
ifo Institute - Leibniz Institute for Economic Research at the University of Munich
(wo)
Munich
(wann)
2021

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Bericht

Beteiligte

  • Seoane, Hernán D.
  • ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Entstanden

  • 2021

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