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Fiscal and monetary stabilization policy at the zero lower bound : consequences of limited foresight

Woodford, Michael; Xie, Yinxi - 2021 - Last updated: October 18, 2021

This paper reconsiders the degree to which macroeconomic stabilization is possible when the zero lower bound is a relevant constraint on the effectiveness of conventional monetary policy, under an assumption of bounded rationality. In particular, we reconsider the potential role of...

Persistent link: https://www.econbiz.de/10012650211

International trade regulation and job creation : trade policy is not an employment policy and should not be expected to have major effects on overall employment

Winters, Leonard Alan - 2014

a roughly equivalent number elsewhere in the economy. At a product-specific or micro level and in the short term …, controlling trade could reduce the offending imports and save jobs, but for the economy as a whole and in the long term, this …

Persistent link: https://www.econbiz.de/10011420101

International trade regulation and job creation : trade policy is not an employment policy and should not be expected to have major effects on overall employment

Di Ubaldo, Mattia; Winters, Leonard Alan - 2020

Persistent link: https://www.econbiz.de/10012169861

Global impact of a protectionist U.S. trade policy : study on behalf of the Bertelsmann Foundation

Yalçin, Erdal; Felbermayr, Gabriel; Steininger, Marina - 2017

When President Trump came into office the US administration launched a detailed analysis of American trade relations. It aimed to identify "unfair trade practices" that are supposedly increasingly being used by other countries, and that are economically damaging to America. This study simulates...