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The cost channel, indeterminacy, and price-level versus inflation stabilization

Schmidt, Sebastian - In: The B.E. journal of macroeconomics 11 (2011) 1, pp. 1-15

Persistent link: https://www.econbiz.de/10009577889

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

Gradualism and liquidity traps

Nakata, Taisuke; Schmidt, Sebastian - In: Review of economic dynamics 31 (2019), pp. 182-199

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Macroeconomic stabilization, monetary-fiscal interactions, and Europe's monetary union

Corsetti, Giancarlo; Dedola, Luca; Jarociński, Marek; … - In: European journal of political economy 57 (2019), pp. 22-33

Persistent link: https://www.econbiz.de/10012310559

Effective lower bound risk

Hills, Timothy S.; Nakata, Taisuke; Schmidt, Sebastian - In: European economic review : EER 120 (2019), pp. 1-26

Persistent link: https://www.econbiz.de/10012264185

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

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

Average inflation targeting and the interest rate lower bound

Budianto, Flora; Nakata, Taisuke; Schmidt, Sebastian - In: European economic review : EER 152 (2023), pp. 1-17

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Expectations-driven liquidity traps : implications for monetary and fiscal policy

Nakata, Taisuke; Schmidt, Sebastian - In: American economic journal 14 (2022) 4, pp. 68-103

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Passive monetary policy and active fiscal policy in a monetary union

Maćkowiak, Bartosz; Schmidt, Sebastian - 2022

Persistent link: https://www.econbiz.de/10012816964