Aruoba, S. Borağan; Cuba-Borda, Pablo; Schorfheide, Frank - 2016 - Current version: January 22, 2016
move the economy from a regime in which inflation is close to the central bank's target to a regime in which the central … bank misses its target, inflation rates are negative, and interest rates are close to zero with high probability. A … nonlinear filter is used to examine whether the U.S. in the aftermath of the Great Recession and Japan in the late 1990s …
