Oda, Nobuyuki; Suzuki, Takashi - Bank of Japan - 2007
interest and inflation, the effect of the zero lower bound of nominal interest rates, and the effect of the zero interest rate … macroeconomic data but also on market interest rate information. Specifically, we use a New Keynesian-type macro structural model … and an affine diffusion model of the term structure, taking into account the non-linearity related to the zero interest …