Nonlinear adventures at the zero lower bound
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Publication:1657533
DOI10.1016/j.jedc.2015.05.014zbMath1401.91362OpenAlexW3125993486MaRDI QIDQ1657533
Grey Gordon, Jesús Fernández-Villaverde, Pablo A. Guerron-Quintana, Juan Francisco Rubio-Ramıŕez
Publication date: 13 August 2018
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
Full work available at URL: https://www.philadelphiafed.org/-/media/frbp/assets/working-papers/2012/wp12-10.pdf
Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62) Dynamical systems in optimization and economics (37N40)
Related Items (22)
Disciplining expectations and the forward guidance puzzle ⋮ Assessing DSGE model nonlinearities ⋮ Fiscal consolidation and its cross-country effects ⋮ Optimal fiscal and monetary policy with occasionally binding zero bound constraints ⋮ The inflation bias under Calvo and Rotemberg pricing ⋮ Fiscal policy interventions at the zero lower bound ⋮ Is Rotemberg pricing justified by macro data? ⋮ The fiscal state-dependent effects of capital income tax cuts ⋮ When the U.S. catches a cold, Canada sneezes: a lower-bound tale told by deep learning ⋮ DEEP EQUILIBRIUM NETS ⋮ The extended perturbation method: With applications to the New Keynesian model and the zero lower bound ⋮ A simple but powerful simulated certainty equivalent approximation method for dynamic stochastic problems ⋮ Occasionally binding liquidity constraints and macroeconomic dynamics ⋮ Coherence without rationality at the zero lower bound ⋮ Modeling changes in US monetary policy with a time-varying nonlinear Taylor rule ⋮ Computational methods for production-based asset pricing models with recursive utility ⋮ Efficient VAR discretization ⋮ Resolution of financial crises ⋮ Multiplicity in New Keynesian models ⋮ Log-linear approximation versus an exact solution at the ZLB in the New Keynesian model ⋮ A shadow rate New Keynesian model ⋮ A reconsideration of money growth rules
Cites Work
- New Keynesian dynamics in a low interest rate environment
- Solving the multi-country real business cycle model using a Smolyak-collocation method
- The zero lower bound, the dual mandate, and unconventional dynamics
- Numerically stable and accurate stochastic simulation approaches for solving dynamic economic models
- Solving, Estimating, and Selecting Nonlinear Dynamic Models Without the Curse of Dimensionality
- Estimating Macroeconomic Models: A Likelihood Approach
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