Comment on: “Using a long-term interest rate as the monetary policy instrument”

Author:

Woodford Michael

Publisher

Elsevier BV

Subject

Economics and Econometrics,Finance

Reference5 articles.

1. Bernanke, B.S., 2002. Deflation: Making Sure ‘It’ Doesn’t Happen Here. Remarks before the National Economists’ Club, Washington, DC, November 21. (available at ).

2. The zero bound on interest rates and optimal monetary policy;Eggertsson;Brookings Papers on Economic Activity,2003

3. McGough, B., Rudebusch, G.D., Williams, J.C., 2005. Using a long-term interest rate as the monetary policy instrument. Journal of Monetary Economics, 2005, in press, doi: 10.1016/j.jmoneco.2005.07.011.

4. Svensson, L.E.O., 2003. Escaping from a liquidity trap and deflation: the foolproof way and others. Journal of Economic Perspectives 145–166.

5. Tucker, P.M.W., 2004. Managing the Central Bank's balance sheet: where monetary policy meets financial stability. Lecture given in London on July 28. (available at ).

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