Should the ECB adjust its strategy in the face of a lower \(r^\star\)?

DOI10.1016/J.JEDC.2021.104207zbMath1478.91117OpenAlexW3199434053MaRDI QIDQ2054803

Philippe Andrade, Jordi Galí, Hervé Le Bihan, Julien Matheron

Publication date: 3 December 2021

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104207

zbMATH Keywords

inflation targeteffective lower boundEuro Areamonetary policy strategy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (1)

Liquidity traps in a world economy

Uses Software

• OccBin

Cites Work

• Optimal Monetary Policy
• The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?
• The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation*
• From Hyperinflation to Stable Prices: Argentina’s Evidence on Menu Cost Models*

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