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Tying down the anchor : monetary policy rules and the lower bound on interest rates
Mertens, Thomas M.; Williams, John C. - 2019
This paper uses a standard New Keynesian model to analyze the effects and implementation of various monetary policy frameworks in the presence of a low natural rate of interest and a lower bound on interest rates. Under a standard inflation-targeting approach, inflation expectations will be...
Persistent link: https://www.econbiz.de/10012000049
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What to expect from the lower bound on interest rates : evidence from derivatives prices
Mertens, Thomas M.; Williams, John C. - 2018
time, whereas in the "liquidity trap equilibrium", policy is mostly or always constrained. We use options data on future … the target equilibrium and find no evidence in favor of the liquidity trap equilibrium. Quantitatively, while the lower …
Persistent link: https://www.econbiz.de/10011894408
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What to expect from the lower bound on interest rates : evidence from derivatives prices
Mertens, Thomas M.; Williams, John C. - 2018
Persistent link: https://www.econbiz.de/10011803906
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Heeding daedalus : optimal inflation and the zero lower bound
Williams, John C. - 2009
Persistent link: https://www.econbiz.de/10003899065
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Revealing the secrets of the temple : the value of publishing central bank interest rate projections
Rudebusch, Glenn D. (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003418040
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Have we underestimated the likelihood and severity of zero lower bound events?
Chung, Hess; Laforte, Jean-Philippe; Reifschneider, … - 2011
years in the United States and Japan and near zero in many other countries. We conduct our analysis using a set of …
Persistent link: https://www.econbiz.de/10008859155
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Revealing the secrets of the temple : the value of publishing central bank interest rate projections
Rudebusch, Glenn D.; Williams, John C. - 2006
Persistent link: https://www.econbiz.de/10003387008
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Measuring the natural rate of interest : international trends and determinants
Holston, Kathryn; Laubach, Thomas; Williams, John C. - 2016
Persistent link: https://www.econbiz.de/10011532607
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Measuring the natural rate of interest
Laubach, Thomas; Williams, John C. - 2001
Persistent link: https://www.econbiz.de/10001641303
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Robust monetary policy rules with unknown natural rates
Orphanides, Athanasios; Williams, John C. - 2003
Persistent link: https://www.econbiz.de/10001759545