On the Empirical Relevance of the Exchange Rate as a Shock Absorber at the Zero Lower Bound

On the Empirical Relevance of the Exchange Rate as a Shock Absorber at the Zero Lower Bound

The open economy New Keynesian model with flexible exchange rates postulates that the real exchange rate appreciates in response to an asymmetric negative demand shock in a zero lower bound (ZLB) scenario and exacerbates the adverse macroeconomic effects. However, when monetary policy is able to acc...

Deskribapen osoa

Gorde:
Xehetasun bibliografikoak
Argitaratua izan da:MAGKS - Joint Discussion Paper Series in Economics (Band 34-2022)
Egile Nagusiak: Finck, David, Hoffmann, Mathias, Hürtgen, Patrick
Formatua: Artikulua
Hizkuntza:ingelesa
Argitaratua: Philipps-Universität Marburg 2022
Gaiak:
Wirtschaft
Zero Lower Bound
Local Projections, State-dependent Effects
Exchange Rate
Economics
Sarrera elektronikoa:PDF testu osoa
Etiketak: Etiketa erantsi
Etiketarik gabe, Izan zaitez lehena erregistro honi etiketa jartzen!
MAGKS - Joint Discussion Paper Series in Economics

Antzeko izenburuak