Similar Search Results

Non-uniform wage-staggering : European evidence and monetary policy implications

Juillard, Michel; Le Bihan, Hervé; Millard, Stephen Patrick - 2013

Persistent link: https://www.econbiz.de/10009790720

Testing for the New Keynesian Phillips Curve : additional international evidence

Jondeau, Eric; Le Bihan, Hervé - In: Economic modelling 22 (2005) 3, pp. 521-550

Persistent link: https://www.econbiz.de/10002770207

Should the ECB adjust its strategy in the face of a lower r*?

Andrade, Philippe; Galí, Jordi; Le Bihan, Hervé; … - 2021 - Updated version: April 2021

Persistent link: https://www.econbiz.de/10012819435

Should the ECB adjust its strategy in the face of a lower r*?

Andrade, Philippe; Galí, Jordi; Le Bihan, Hervé; … - In: Journal of economic dynamics & control 132 (2021), pp. 1-23

Persistent link: https://www.econbiz.de/10013258841

Should the ECB adjust its strategy in the face of a lower r*?

Andrade, Philippe; Galí, Jordi; Le Bihan, Hervé; … - 2022 - This version: April 2021

We address the question in this paper's title using an estimated New Keynesian DSGE model of the euro area with trend inflation, imperfect indexation, and a lower bound on the nominal interest rate. In this setup, a decrease in the steady-state real interest rate, r*, increases the probability...

Persistent link: https://www.econbiz.de/10012815104