Discretionary monetary policy and the zero lower bound on nominal interest rates
Tài liệu tham khảo
Albanesi, 2003, Expectation traps and monetary policy, Review of Economic Studies, 70, 715, 10.1111/1467-937X.00264
Auerbach, 2005, The case for open-market purchases in a liquidity trap, American Economic Review, 95, 110, 10.1257/0002828053828473
Barro, 1983, A positive theory of monetary policy in a natural rate model, Journal of Political Economy, 91, 589, 10.1086/261167
Billi, R.M., 2005. The Optimal Inflation Buffer with a Zero Bound on Nominal Interest Rates. Center for Financial Studies, Frankfurt, Germany, Working Paper 17/2005.
Clarida, 1999, The science of monetary policy: evidence and some theory, Journal of Economic Literature, 37, 1661, 10.1257/jel.37.4.1661
Eggertsson, G., Woodford, M., 2003. The zero interest-rate bound and optimal monetary policy. Brookings Papers on Economic Activity (1), 139–211.
Galí, 2003, New perspectives on monetary policy, inflation, and the business cycle, 151
Jeanne, 2004
Judd, 1998
Krugman, 1998, It's back: Japan's slump and the return of the liquidity trap, Brookings Papers on Economic Activity, 49, 137, 10.2307/2534694
Kydland, 1977, Rules rather than discretion: the inconsistency of optimal plans, Journal of Political Economy, 85, 473, 10.1086/260580
Lucas, 1987
Rotemberg, 1987, The new Keynesian microfoundations, NBER Macroeconomics Annual, 2, 69, 10.1086/ma.2.4623707
Rotemberg, 1998, An optimization-based econometric model for the evaluation of monetary policy, NBER Macroeconomics Annual, 12, 297, 10.2307/3585236
Svensson, 2003, Escaping from a liquidity trap and deflation: the foolproof way and others, Journal of Economic Perspectives, 17, 145, 10.1257/089533003772034934
Woodford, 2003