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...
Gespeichert in:
发表在: | MAGKS - Joint Discussion Paper Series in Economics (Band 04-2020) |
---|---|
主要作者: | |
格式: | 文件 |
语言: | 英语 |
出版: |
Philipps-Universität Marburg
2020
|
主题: | |
在线阅读: | PDF-Volltext |
标签: |
添加标签
没有标签, 成为第一个标记此记录!
|
No references were found for this record.