Forward Guidance at the Zero Lower Bound: Curse and Blessing of Time-Inconsistency
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More about this item
Keywords
Forward Guidance; zero lower bound; occasionally binding constraints; government spending multiplier;All these keywords.
JEL classification:
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2018-10-22 (Dynamic General Equilibrium)
- NEP-MAC-2018-10-22 (Macroeconomics)
- NEP-MON-2018-10-22 (Monetary Economics)
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