Optimal Bank Behavior under Uncertain Inflation
构建了一个面临随机通胀的银行模型，将银行视为多产品价格歧视的存款金融中介，分析通胀率、波动性和准备金要求等参数变化的影响。
ABSTRACT In this paper, we derive a model of the individual banking firm facing stochastic inflation. The bank is considered as a depository financial intermediary operating in the primary market as a multiproduct price discriminating firm. A secondary market is also considered where liquidity surpluses and deficits are traded. Two types of assets and liabilities are assumed: deposits and loans linked to a general price level and nonlinked instruments. Effects of changes in the parameters such as inflation rate and variability, reserve requirements are analyzed.