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Interest-rate rules in a new Keynesian framework with investment
Pavlova, Elena - 2011
The last decades have witnessed major progress in both monetary policy theory and practice, with broad academic …
Persistent link: https://www.econbiz.de/10011934607
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Tax rules to prevent expectations-driven liquidity trap
Tamanyu, Yoichiro - 2019
Persistent link: https://www.econbiz.de/10012171723
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Tax rules to prevent expectations-driven liquidity traps
Tamanyu, Yoichiro - In: Macroeconomic dynamics 26 (2022) 6, pp. 1564-1587
Persistent link: https://www.econbiz.de/10013469745
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Forward guidance at the zero lower bound in a model of price-level targeting
Illing, Gerhard; Siemsen, Thomas - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 1, pp. 47-67
commitment. Potentially non-monotonic discretionary welfare losses are lowest with perfectly flexible prices. Price … constraint, the zero lower bound may be binding even after the shock has abated. We characterize conditions when the commitment …
Persistent link: https://www.econbiz.de/10011458706
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Forward guidance and quantitative easing at the Zero Lower Bound
Chattopadhyay, Siddhartha - In: Economics letters 197 (2020), pp. 1-3
Persistent link: https://www.econbiz.de/10012510998
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Should we be puzzled by forward guidance?
Bundick, Brent; Smith, Andrew Lee - 2020
Persistent link: https://www.econbiz.de/10012230051
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Global macroeconomic effects of exiting from unconventional monetary policy
Cova, Pietro; Pagano, Patrizio; Pisani, Massimiliano - 2016
Persistent link: https://www.econbiz.de/10011947661
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Forward guidance at the zero lower bound in a model of price-level targeting
Illing, Gerhard; Siemsen, Thomas - 2015 - First Version: December 2013, This Version: February 9, 2015
endogenously in the welfare function. We characterize optimal price-level forward guidance under discretion and commitment … zero lower bound may be binding even after the shock has abated. We characterize conditions when the commitment to hold …
Persistent link: https://www.econbiz.de/10010481126
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012099522
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Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012031139