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The risky steady state and the interest rate lower bound

Hills, Timothy S.; Nakata, Taisuke; Schmidt, Sebastian - 2016 - This draft: January 2016

Even when the policy rate is currently not constrained by its effective lower bound (ELB), the possibility that the policy rate will become constrained in the future lowers today's inflation by creating tail risk in future inflation and thus reducing expected inflation. In an empirically rich...

Persistent link: https://www.econbiz.de/10011499709

Attenuating the forward guidance puzzle : implications for optimal monetary policy

Nakata, Taisuke; Ogaki, Ryota; Schmidt, Sebastian; Yoo, Paul - In: Journal of economic dynamics & control 105 (2019), pp. 90-106

Persistent link: https://www.econbiz.de/10012131941

Lack of confidence, the zero lower bound, and the virtue of fiscal rules

Schmidt, Sebastian - In: Journal of economic dynamics & control 70 (2016), pp. 36-53

Persistent link: https://www.econbiz.de/10011708628

Optimal fiscal and monetary policy with occasionally binding zero bound constraints

Nakata, Taisuke - In: Journal of economic dynamics & control 73 (2016), pp. 220-240

Persistent link: https://www.econbiz.de/10011709103

Learning to live in a liquidity trap

Arifovic, Jasmina; Schmitt-Grohé, Stephanie; Uribe, Martín - In: Journal of economic dynamics & control 89 (2018), pp. 120-136

Persistent link: https://www.econbiz.de/10011973969

Credible forward guidance

Batista, Quentin; Nakata, Taisuke; Sunakawa, Takeki - In: Journal of economic dynamics & control 153 (2023), pp. 1-16

Persistent link: https://www.econbiz.de/10014479338

Optimal time-consistent monetary, fiscal and debt maturity policy

Leeper, Eric M.; Leith, Campbell B.; Liu, Ding - In: Journal of monetary economics 117 (2021), pp. 600-617

Persistent link: https://www.econbiz.de/10012603187

Versatile forward guidance : Escaping or switching?

Gersbach, Hans; Liu, Yulin; Tischhauser, Martin - In: Journal of economic dynamics & control 127 (2021), pp. 1-22

Persistent link: https://www.econbiz.de/10012668934

Conservatism and liquidity traps

Nakata, Taisuke; Schmidt, Sebastian - In: Journal of monetary economics 104 (2019), pp. 37-47

Persistent link: https://www.econbiz.de/10012265161

Inflation's role in optimal monetary-fiscal policy

Leeper, Eric M.; Zhou, Xuan - In: Journal of monetary economics 124 (2021), pp. 1-18

Persistent link: https://www.econbiz.de/10013274217