A shadow rate New Keynesian model

DOI10.1016/J.JEDC.2019.103728zbMath1425.91336OpenAlexW3022158784MaRDI QIDQ2338520

Jing Cynthia Wu, Ji Zhang

Publication date: 21 November 2019

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

Full work available at URL: http://www.nber.org/papers/w22856.pdf

zbMATH Keywords

unconventional monetary policyNew Keynesian modelzero lower boundshadow rateQElending facilities

Mathematics Subject Classification ID

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

Related Items (2)

UNCERTAINTY AND MONETARY POLICY DURING THE GREAT RECESSION ⋮ Effects of US quantitative easing on emerging market economies

Uses Software

• OccBin

Cites Work

• Nonlinear adventures at the zero lower bound
• Deviations from rules-based policy and their effects
• Fiscal Policy in an Expectations-Driven Liquidity Trap
• Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries
• MONETARY POLICY UNCERTAINTY AND ECONOMIC FLUCTUATIONS
• Bond risk premia in consumption‐based models

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