Evans, George W. (contributor); … - 2008
policy to
combat liquidity traps and deflation.
Keywords: Imperfect knowledge, learning, interest-rate setting,
fluctuations … deflation.
2 The Model
We conduct our discussion using the New Keynesian model that has become
the workhorse in the analysis of …CENTRE FOR DYNAMIC MACROECONOMIC ANALYSIS
WORKING PAPER SERIES
* Prepared for Bank of Chile Conference “Monetary Policy …