Measuring the stance of monetary policy in zero lower bound environments

DOI10.1016/J.ECONLET.2012.10.011MaRDI QIDQ2444178zbMATH OpenOpenAlexFDO

Authors Leo Krippner

Publication date 8 April 2014

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Discussion%20papers/2012/dp12-04.pdf

zbMATH Keywords

shadow short rateterm structure modelzero lower bound

Mathematics Subject Classification ID

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

Recommendations

• Identification at the zero lower bound
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Cited in

(32)

• Risk aversion, uncertainty, and monetary policy in zero lower bound environments
• Staying at zero with affine processes: an application to term structure modelling
• The extensive margin of trade and monetary policy
• The effects of monetary policy on stock market bubbles at zero lower bound: revisiting the evidence
• The effects of the Fed's monetary tightening campaign on nonbank mortgage lending
• Euro area house prices and unconventional monetary policy surprises
• Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment
• Forward guidance and quantitative easing at the zero lower bound
• Effects of US quantitative easing on emerging market economies
• European spreads at the interest rate lower bound
• Long-term inflation expectations and the transmission of monetary policy shocks: evidence from a SVAR analysis
• Impairment of monetary autonomy: case of ``trilemma`` vs. ``duo
• Term structure analysis with big data: one-step estimation using bond prices
• Forecasting and trading monetary policy effects on the riskless yield curve with regime switching Nelson-Siegel models
• A shadow rate New Keynesian model
• Mind the gap! -- A monetarist view of the open-economy Phillips curve
• A model of the euro-area yield curve with discrete policy rates
• Forecast accuracy of a BVAR under alternative specifications of the zero lower bound
• Unconventional monetary policy reaction functions: evidence from the US
• Identification at the zero lower bound
• Use of Statistics in the Monetary Policy of the Czech National Bank: The Case of a Country in Transition
• The real risk in pension forecasting
• Drifts and volatilities under measurement error: Assessing monetary policy shocks over the last century
• Macroeconomic dynamics near the ZLB: a tale of two countries
• Dynamics of the term structure of interest rates and monetary policy: is monetary policy effective during zero interest rate policy?
• Modelling monetary policy's impact on labour markets under COVID-19
• Monetary policy inertia and the paradox of flexibility
• Nowcasting the output gap with shadow rates
• Estimation of DSGE models with the effective lower bound
• A term structure interest rate model with the Brownian bridge lower bound
• A Smooth Shadow-Rate Dynamic Nelson-Siegel Model for Yields at the Zero Lower Bound
• The credit card and small business lending channels of monetary policy

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