Optimal monetary policy mix at the zero lower bound

DOI10.1016/J.JEDC.2024.105001MaRDI QIDQ6973037zbMATH OpenFDO

Authors Dario Bonciani, Joonseok Oh

Publication date 11 June 2025

Published in Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/J.JEDC.2024.105001

zbMATH Keywords

forward guidanceoptimal monetary policyquantitative easingunconventional monetary policyzero lower bound

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Cites work

• Attenuating the forward guidance puzzle: implications for optimal monetary policy
• Limited asset markets participation, monetary policy and (inverted) aggregate demand logic
• Log-linear approximation versus an exact solution at the ZLB in the New Keynesian model
• Monetary policy and heterogeneity: an analytical framework
• Monetary policy inertia and the paradox of flexibility
• Optimal fiscal and monetary policy with occasionally binding zero bound constraints
• The stochastic lower bound

Cited in

(1)

• Welfare loss and policy trade-offs: Calvo vs. Rotemberg

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