Optimal monetary policy when interest rates are bounded at zero
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Publication:953738
DOI10.1016/J.JEDC.2003.08.006zbMATH Open1202.91225OpenAlexW2001781631MaRDI QIDQ953738FDOQ953738
Authors: Ryo Kato, Shin-Ichi Nishiyama
Publication date: 6 November 2008
Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jedc.2003.08.006
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Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)
Cites Work
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- Algorithms and economic dynamics. Selected papers from the 2nd annual meeting of the Society for Computational Economics, Geneva, Switzerland, 1996
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- On the Concavity of the Consumption Function
- On constrained infinite-time linear quadratic optimal control
- Proportional Projections in Limited Dependent Variable Models
Cited In (19)
- Identification at the zero lower bound
- The fiscal multiplier and spillover in a global liquidity trap
- Exchange rate policies at the zero lower bound
- Optimal fiscal and monetary policy with occasionally binding zero bound constraints
- Optimal Monetary Policy
- Stabilization policy at the zero lower bound
- The optimal monetary policy rule under the non-negativity constraint on nominal interest rates
- Transition from the Taylor rule to the zero lower bound
- Can (and should) monetary policy pursue a zero real interest rate, permanently?
- Optimal discretionary monetary policy in a micro-founded model with a zero lower bound on nominal interest rate
- Nonlinear adventures at the zero lower bound
- Long-term interest rates, risk premia and unconventional monetary policy
- Optimal monetary policy and long-term interest rate dynamics: Taylor rule extensions
- Macroeconomic dynamics near the ZLB: a tale of two countries
- (Un)conventional policy and the effective lower bound
- Optimal Monetary Policy for Commercial Banks Involving Lending Rate Settings and Default Rates
- A reconsideration of money growth rules
- Measuring the stance of monetary policy in zero lower bound environments
- Banks, money, and the zero lower bound on deposit rates
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