Intro -- Proving Up -- Contents -- Preface -- Acknowledgments -- Introduction -- 1. Thomas Jefferson's Agrarian Vision and the Changing Nature of Property -- 2. The Dialectics of Government Land Policies (1785-1862) -- 3. The Dialectics of Government Land Policies on Arid Land -- 4....

New Keynesian models generate puzzles when confronted with the zero lower bound (ZLB) on nominal interest rates (e.g. the forward guidance puzzle or the paradox of flexibility). We show that these puzzles are absent in simple and medium-scale models when monetary policy approximates optimal...