Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries
收藏NBER2013-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19248
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资源简介：
We propose and solve a small-scale New-Keynesian model with Markov sunspot shocks that move the economy between a targeted-inflation regime and a deflation regime and fit it to data from the U.S. and Japan. For the U.S. we find that adverse demand shocks have moved the economy to the zero lower
提供机构：
美国国家经济研究局
创建时间：
2013-07-01
