Robust Monetary Policy Under Uncertainty About the Lower Bound

Central banks face uncertainty about the true location of the effective lower bound (ELB) on nominal interest rates. We model optimal discretionary monetary policy during a liquidity trap when the central bank designs policy that is robust with respect to the location of the ELB. If the central b...

Deskribapen osoa

Xehetasun bibliografikoak

Argitaratua izan da:	MAGKS - Joint Discussion Paper Series in Economics (Band 14-2019)
Egile nagusia:	Tillmann, Peter
Formatua:	Artikulua
Hizkuntza:	ingelesa
Argitaratua:	Philipps-Universität Marburg 2019
Gaiak:	optimal monetary policy robust control uncer- tainty Wirtschaft discretion liquidity trap Economics
Sarrera elektronikoa:	PDF testu osoa
Etiketak:	Etiketa erantsi Etiketarik gabe, Izan zaitez lehena erregistro honi etiketa jartzen!