Coenen, Günter; Wieland, Volker - Center for Financial Studies - 2004
Classification: E31, E52, E58, E61
Keywords: monetary policy rules, zero-interest-rate bound, liquidity trap, rational …, the United States, the
euro area and Japan. We recognize the zero-interest-rate bound explicitly in the analysis and
use … comprises the
United States, the euro area and Japan. We recognize the zero-interest-rate bound explic-
itly in the analysis and …