Some unpleasant properties of loglinearized solutions when the nominal rate is zero

Author:

Boneva Lena Mareen,Braun R. Anton,Waki Yuichiro

Funder

Cusanuswerk and the Economic and Social Research Council

Publisher

Elsevier BV

Subject

Economics and Econometrics,Finance

Reference23 articles.

1. Aruoba, S., Cuba-Borda, P., Schorfheide, F., 2016. Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries. International Finance Discussion Papers 1163.

2. Monetary policy and multiple equilibria;Benhabib;Am. Econ. Rev.,2001

3. Globalization and the gains from variety;Broda;Q. J. Econ.,2006

4. Seven faces of “the peril”;Bullard;Fed. Reserve Bank St. Louis Rev.,2010

5. Christiano, L., Eichenbaum, M., 2012. Notes on Linear Approximations, Equilibrium Multiplicity and E-Learnability in the Analysis of the Zero Bound, Working Paper.

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