Macroeconomic stabilisation and monetary policy effectiveness in a low-interest-rate environment

DOI10.1016/j.jedc.2021.104205zbMath1478.91120OpenAlexW3188396912MaRDI QIDQ2054801

Günter Coenen, Carlos Montes-Galdón, Sebastian M. Schmidt

Publication date: 3 December 2021

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hebis:30:3-575813

zbMATH Keywords

monetary policyeffective lower boundforward guidanceasset purchasesmake-up strategies

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Related Items (1)

Liquidity traps in a world economy

Cites Work

• Threshold-based forward guidance
• Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*

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