Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate
نویسندگان
چکیده
منابع مشابه
Optimal Monetary Policy under Commitment with a Zero Bound on Nominal Interest Rates
4 1 Non-technical summary 5 2 Introduction 7 3 Related literature 11 4 The monetary policy problem 12 4.1 Discussion 14 4.1.1 Relation to earlier work 14 4.1.2 Policy instruments 14 4.1.3 How much non-linearity? 15 5 Model calibration 17 7 Optimal policy with lower bound 20 7.1 Optimal policy functions 20 7.2 Dynamic response to real rate shocks 23 7.3 Frequency of binding rates and welfare imp...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.804785