Optimal monetary policy when interest rates are bounded at zero

DOI10.1016/j.jedc.2003.08.006zbMath1202.91225OpenAlexW2001781631MaRDI QIDQ953738

Shin-Ichi Nishiyama, Ryo Kato

Publication date: 6 November 2008

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2003.08.006

zbMATH Keywords

deflationliquidity trappre-emptive monetary policyzero bound

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)

Related Items

Transition from the Taylor rule to the zero lower bound ⋮ The fiscal multiplier and spillover in a global liquidity trap

Uses Software

• CompEcon

Cites Work

• Algorithms and economic dynamics. Selected papers from the 2nd annual meeting of the Society for Computational Economics, Geneva, Switzerland, 1996
• On constrained infinite-time linear quadratic optimal control
• Proportional Projections in Limited Dependent Variable Models
• On the Concavity of the Consumption Function
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