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...

Olles dieđut

Furkejuvvon:
Bibliográfalaš dieđut
Publikašuvnnas:MAGKS - Joint Discussion Paper Series in Economics (Band 34-2022)
Váldodahkkit: Finck, David, Hoffmann, Mathias, Hürtgen, Patrick
Materiálatiipa: Artihkal
Giella:eaŋgalasgiella
Almmustuhtton: Philipps-Universität Marburg 2022
Fáttát:
Wirtschaft
Zero Lower Bound
Local Projections, State-dependent Effects
Exchange Rate
Economics
Liŋkkat:PDF-ollesdeaksta
Fáddágilkorat: Lasit fáddágilkoriid
Eai fáddágilkorat, Lasit vuosttaš fáddágilkora!
MAGKS - Joint Discussion Paper Series in Economics

Geahča maid