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Zero lower bound (ZLB) economics : the fallacy of New Keynesian explanations of stagnation

Palley, Thomas I. - 2016 - Revised January 2016

This paper explores zero lower bound (ZLB) economics. The ZLB is widely invoked to explain stagnation and it fits with the long tradition that argues Keynesian economics is a special case based on nominal rigidities. The ZLB represents the newest rigidity. Contrary to ZLB economics, not only...

Persistent link: https://www.econbiz.de/10011433395

Money creation, monetary policy, and capital regulation

Faure, Salomon; Gersbach, Hans - 2016

Persistent link: https://www.econbiz.de/10011522048

The zero lower bound and parameter bias in an estimated DSGE model

Hirose, Yasuo; Inoue, Atsushi - 2014

Persistent link: https://www.econbiz.de/10011375754

Log-linear approximation versus an exact solution at the ZLB in the New Keynesian model

Eggertsson, Gauti B.; Singh, Sanjay R. - In: Journal of economic dynamics & control 105 (2019), pp. 21-43

Persistent link: https://www.econbiz.de/10012131932

Gains from wage flexibility and the zero lower bound

Billi, Roberto M.; Galí, Jordi - 2018 - This versión: February 2019

Persistent link: https://www.econbiz.de/10011978155

Expectations formation, sticky prices, and the ZLB

Bersson, Betsy; Hürtgen, Patrick; Paustian, Matthias - 2019

At the zero lower bound (ZLB), expectations about the future path of monetary or fiscal policy are crucial. We model expectations formation under level-k thinking, a form of bounded rationality introduced by García-Schmidt and Woodford (2019) and Farhi and Werning (2017), consistent with...