Laxton, Douglas (contributor); N'Diaye, Papa (contributor); … - 2006
the zero interest rate
floor (ZIF) is binding. It uses a two-country general-equilibrium simulation model
calibrated to ….
Using a 2-country simulation model calibrated to the Japanese economy, the paper car-
ries out a scenario analysis to … consider appropriate, based on their long-term assessment of the
economy. In our simulation we set bHF;RAT;SS = 0, as …