Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound
收藏NBER2005-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11105
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资源简介：
We use a simple model of a closed economy to study the recommendations of monetary policy-makers, attempting to respond optimally to an asset-price bubble whose stochastic properties they understand. We focus on the impact which the zero lower bound (ZLB) on nominal interest rates has on the
提供机构：
美国国家经济研究局创建时间：
2005-02-01
