Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound
收藏NBER2014-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20117
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资源简介：
This paper employs an approximation that makes a nonlinear term structure model extremely tractable for analysis of an economy operating near the zero lower bound for interest rates. We show that such a model offers an excellent description of the data compared to the benchmark model and can be used
提供机构：
美国国家经济研究局
创建时间：
2014-05-01
