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Revisiting the New Keynesian policy paradoxes under QE

Bonciani, Dario; Oh, Joonseok - 2021

Persistent link: https://www.econbiz.de/10012693932

Global effective lower bound and unconventional monetary policy

Wu, Jing Cynthia; Zhang, Ji - In: Journal of international economics 118 (2019), pp. 200-216

Persistent link: https://www.econbiz.de/10012296010

Revisiting the New Keynesian policy paradoxes under QE

Bonciani, Dario; Oh, Joonseok - In: European economic review : EER 154 (2023), pp. 1-18

Persistent link: https://www.econbiz.de/10014438337

Inequality and the Zero Lower Bound

Fernández-Villaverde, Jesús; Marbet, Joël; Nuño, Galo; … - National Bureau of Economic Research - 2023

This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates … combine low inflation targets and high levels of wealth inequality …

Persistent link: https://www.econbiz.de/10014287383

Unconventional Monetary Policy According to HANK

Sims, Eric R.; Wu, Jing Cynthia; Zhang, Ji - National Bureau of Economic Research - 2022

This paper studies the implications of household heterogeneity for the effectiveness of quantitative easing (QE). We consider a heterogeneous agent New Keynesian (HANK) model with uninsurable household income risk. Financial intermediaries are subject to an endogenous leverage constraint that...

Persistent link: https://www.econbiz.de/10013361984