in my view and, much more important, in
Chairman Ben Bernanke’s view (Bernanke, 2004b), there is more to come …
anchoring of inflationary expectations (Bernanke, 2006). In any case, returning to
the main question, there is little that … Blinder (1998) and that Bernanke and Woodford
(1997) modeled theoretically.
21
There is, however, a workable approach …