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Bordo, Michael D.; Erceg, Christopher J.; Levin, Andrew T. - 2006

Persistent link: https://www.econbiz.de/10003448346

Canada's pioneering experience with a flexible exchange rate in the 1950s : (hard) lessons learned for monetary policy in a small open economy

Bordo, Michael D.; Dib, Ali; Schembri, Lawrence - In: International journal of central banking : IJCB 6 (2010) 3, pp. 51-99

Persistent link: https://www.econbiz.de/10008907986

Monetary policy issues in open economies : introduction to a special issue of the International journal of central banking

Coletti, Donald; Devereux, Michael B.; Levin, Andrew T.; … - In: International journal of central banking : IJCB 8 (2012) 1, pp. 1-3

Persistent link: https://www.econbiz.de/10009623047

Monetary policy and housing booms

Williams, John C. - In: International journal of central banking : IJCB 7 (2011) 1, pp. 345-355

Persistent link: https://www.econbiz.de/10009520744

Imperfect knowledge, inflation expectations, and monetary policy

Orphanides, Athanasios (contributor); … - 2003

Persistent link: https://www.econbiz.de/10003349544

The decline of activist stabilization policy : natural rate misperceptions, learning, and expectations

Orphanides, Athanasios (contributor); … - 2004

Persistent link: https://www.econbiz.de/10003350055

The performance of forecast-based monetary policy rules under model uncertainty

Levin, Andrew (contributor); Wieland, Volker (contributor); … - 2003

Persistent link: https://www.econbiz.de/10001778564

Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates

Mertens, Thomas M. - 2019

This paper applies a standard New Keynesian model to analyze the effects of monetary policy in the presence of a low natural rate of interest and a lower bound on interest rates. Under a standard inflation-targeting approach, inflation expectations will be anchored at a level below the inflation...

Persistent link: https://www.econbiz.de/10012867264

Tying Down the Anchor : Monetary Policy Rules and the Lower Bound on Interest Rates

Mertens, Thomas M. - 2019

This paper uses a standard New Keynesian model to analyze the effects and implementation of various monetary policy frameworks in the presence of a low natural rate of interest and a lower bound on interest rates. Under a standard inflation-targeting approach, inflation expectations will be...

Persistent link: https://www.econbiz.de/10012871223

What to Expect From the Lower Bound on Interest Rates : Evidence from Derivatives Prices

Mertens, Thomas M. - 2020

in the “liquidity trap equilibrium,” policy is mostly or always constrained. We use options data on future interest rates … target equilibrium and find no evidence in favor of the liquidity trap equilibrium. Quantitatively, while the lower bound has …

Persistent link: https://www.econbiz.de/10012851471