Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound
收藏数据链接：
官方服务：
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
