Global Effective Lower Bound and Unconventional Monetary Policy
收藏NBER2018-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w24714
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资源简介：
In a standard open-economy New Keynesian model, the effective lower bound causes anomalies: output and terms of trade respond to a supply shock in the opposite direction compared to normal times. We introduce a tractable framework to accommodate for unconventional monetary policy. In our model,
提供机构：
美国国家经济研究局
创建时间：
2018-06-01
