Evans, George W., 1949-; Guse, Eran A. (Eran Alan), 1975-; Honkapohja, Seppo, 1951-
(University of Oregon, Dept of Economics, 2007-06-05)
We examine global economic dynamics under learning in a New Keynesian
model in which the interest-rate rule is subject to the zero lower
bound. Under normal monetary and fiscal policy, the intended steady
state is locally ...