Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis
收藏NBER2015-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21614
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资源简介：
We illustrate a pitfall that can result from the common practice of assessing alternative monetary policies purely by considering the perfect foresight equilibria (PFE) consistent with the proposed rule. In a standard New Keynesian model, such analysis may seem to support the Neo-Fisherian
提供机构：
美国国家经济研究局
创建时间：
2015-10-01
