A toolkit for solving models with a lower bound on interest rates of stochastic duration
Gauti B. Eggertsson, Sergey K. Egiev, Alessandro Lin, Josef Platzer, Luca Riva
| Year of publication: |
2021
|
|---|---|
| Authors: | Eggertsson, Gauti B. ; Egiev, Sergey K. ; Lin, Alessandro ; Platzer, Josef ; Riva, Luca |
| Published in: |
Review of economic dynamics. - Amsterdam : Elsevier, ISSN 1094-2025, ZDB-ID 1406100-4. - Vol. 41.2021, p. 121-173
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| Subject: | Occasionally binding constraints | Effective lower bound | Regime shifts | First-order perturbation | Simple policy rules | Nominal GDP target | Geldpolitik | Monetary policy | DSGE-Modell | DSGE model | Niedrigzinspolitik | Low-interest-rate policy | Zinspolitik | Interest rate policy | Inflationssteuerung | Inflation targeting | Regelbindung versus Diskretion | Rules versus discretion | Theorie | Theory | Markov-Kette | Markov chain | Bruttoinlandsprodukt | Gross domestic product | Nominalzins | Nominal interest rate | Zins | Interest rate |