A Toolkit for Solving Models with a Lower Bound on Interest Rates of Stochastic Duration
收藏NBER2020-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27878
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资源简介：
This paper presents a toolkit to solve for equilibrium in economies with the effective lower bound (ELB) on the nominal interest rate in a computationally efficient way under a special assumption about the underlying shock process, a two-state Markov process with an absorbing state. We illustrate
提供机构：
美国国家经济研究局
创建时间：
2020-10-01
