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...
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| Published in: | MAGKS - Joint Discussion Paper Series in Economics (Band 04-2020) |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
Philipps-Universität Marburg
2020
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| Subjects: | |
| Online Access: | PDF Full Text |
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PDF Full Text| Call Number: |
urn:nbn:de:hebis:04-es2024-06318 |
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| Publication Date: |
2024-01-19 |
| Downloads: |
4 (2025), 44 (2024) |
| License: |
https://creativecommons.org/publicdomain/mark/1.0 |
| Access URL: |
https://archiv.ub.uni-marburg.de/es/2024/0631 https://doi.org/10.17192/es2024.0631 |