zero-lower bound

A continuación, se listan los contenidos disponibles en el portal relacionados con la consulta.

  • State-dependent Forward Guidance and the Problem of Inconsistent Announcements

    Publicación |
    Florez-Jimenez and Parra-Polania (2016) show that unconditional forward guidance (FG) performs poorly except in the most extreme zero lower-bound (ZLB) events and that for any ZLB situation it is better to resort to state-dependent (threshold-based) FG. The model of that paper is solved under the…