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...
में बचाया:
में प्रकाशित: | MAGKS - Joint Discussion Paper Series in Economics (Band 04-2020) |
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मुख्य लेखक: | |
स्वरूप: | लेख |
भाषा: | अंग्रेज़ी |
प्रकाशित: |
Philipps-Universität Marburg
2020
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विषय: | |
ऑनलाइन पहुंच: | पीडीएफ पूर्ण पाठ |
टैग: |
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