McGough, Bruce (contributor); … - 2004
economy
if short rates fell to their lower bound (e.g., Bernanke and Reinhart 2004). A common
thread in these alternative … conclusion is often found to be true (e.g., Bernanke and
Woodford 1997).
Finally, as noted in Section 6, although our analysis … on future promised actions. As stressed by
Bernanke and Reinhart (2004), clear communication of the central bank …