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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...
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| Izdano u: | MAGKS - Joint Discussion Paper Series in Economics (Band 14-2019) |
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| Glavni autor: | |
| Format: | Članak |
| Jezik: | engleski |
| Izdano: |
Philipps-Universität Marburg
2019
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| Teme: | |
| Online pristup: | PDF cijeli tekst |
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