Andrzej Rzońca ;
Piotr Ciżkowicz ;
Andrzej Torój

From the dataset abstract

Using a standard New Keynesian model, we show that moderate side effects of zero lower bound (ZLB) policy suffice for positive lower bound (PLB) policy to pay off in terms of welfare,...

Source: In search of an appropriate lower bound. The zero lower bound vs. the positive lower bound under discretion and commitment

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Last updated June 11, 2019
Created June 11, 2019
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License CC-BY 4.0
created8 months ago
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