Publikationsserver
Forward Guidance Under the Cost Channel
A common finding in the literature is that forward guidance cannot be credible under discretionary policy as long as the zero lower bound is an one-off event. However, this is not the case when recurring episodes of zero interest rates are possible. In this paper, we contribute to this new result...
Tallennettuna:
| Julkaisussa: | MAGKS - Joint Discussion Paper Series in Economics (Band 04-2020) |
|---|---|
| Päätekijä: | |
| Aineistotyyppi: | Artikkeli |
| Kieli: | englanti |
| Julkaistu: |
Philipps-Universität Marburg
2020
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| Aiheet: | |
| Linkit: | PDF-kokoteksti |
| Tagit: |
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