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Browsing Scholarly Works by Subject "Zero interest rate lower bound"
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(University of Oregon, Dept of Economics, 2009-07-06)We examine global economic dynamics under infinite-horizon learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. As in Evans, Guse and Honkapohja (2008), we find that under ...
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(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 ...
Now showing items 1-2 of 2