Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight
收藏NBER2020-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27521
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资源简介：
This paper reconsiders the degree to which macroeconomic stabilization is possible when the zero lower bound is a relevant constraint on the effectiveness of conventional monetary policy, under an assumption of bounded rationality. In particular, we reconsider the potential role of countercyclical
提供机构：
美国国家经济研究局
创建时间：
2020-07-01
