appreciates in response to an asymmetric negative demand shock at the zero lower bound (ZLB) and exacerbates the adverse … at the ZLB. In sharp contrast to the full information model: (i) A negative demand shock concentrated in the home country … causes a real exchange rate depreciation that partially absorbs the demand shock. (ii) A VAR with an identified demand shock …

appreciates in response to an asymmetric negative demand shock at the zero lower bound (ZLB) and exacerbates the adverse … at the ZLB. In sharp contrast to the full information model: (i) A negative demand shock concentrated in the home country … causes a real exchange rate depreciation that partially absorbs the demand shock. (ii) A VAR with an identified demand shock …

target have played a major role in the Euro area business cycle. Following an inflation target shock, the real interest rate …

This paper studies monetary policy strategies under endogenous technology dynamics and low r ∗ . Endogenous growth … support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the …

significant fall of inflation and nominal wage growth in response to a neutral technology shock …

This paper studies monetary policy strategies under endogenous technology dynamics and low r*. Endogenous growth … support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the …

This paper studies monetary policy strategies under endogenous technology dynamics and low r∗. Endogenous growth … support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the …

This paper studies monetary policy strategies under endogenous technology dynamics and low r. Endogenous growth … support productivity-improving investment in R&D and technology adoption and hence the long-run trend path, provided that the …