The Optimal Inflation Target and the Natural Rate of Interest
收藏NBER2018-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24328
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资源简介:
We study how changes in the value of the steady-state real interest rate affect the optimal inflation target, both in the U.S. and the euro area, using an estimated New Keynesian DSGE model that incorporates the zero (or effective) lower bound on the nominal interest rate. We find that this relation
提供机构:
美国国家经济研究局
创建时间:
2018-02-01



