... the **zero** **bound** lengthens in this economy to 10 periods versus the 9 periods in the baseline version (see Figure ...the **zero** **bound**, and the time spent at the **zero** **lower** ...

48

... this paper labels a bank liquidity trap. In this study the non-**zero** **lower** **bound** lending rate was combined with the conventional **zero** **bound** rate through the liquidity preference of ...

25

... partitions of n with the order of summands relevant, and the two functions G(n) and H(n) are simultaneously greater than **zero**. The method of induction will be used to de- termine the existence of a non-**zero** ...

10

... the **zero** **lower** **bound** – cannot be lowered further, this would prevent conventional monetary policy from adequately stimulating demand and, hence, economic ...

130

... the **zero** **lower** **bound** on the nominal discount rate is stable (or cyclically stable, depending on monetary and financial parameters) and constitutes a liquidity trap, making the central bank’s ...

38

... the **Zero**- **Lower** **Bound** region much before the two others and, second, because of its sudden strategic change since December 2012- related to the “Abenomics” deflationary program endorsed by its new ...

10

... the **zero** **lower** **bound**, discre- tionary policy immediately sets in‡ation and the output gap at their optimal values of **zero**, while both our policy and commitment retain non-**zero** values of ...

39

... Adopting this interpretation of the recent crisis the policy strategies available to monetary policymakers are investigated in this paper. Basically, monetary policymakers have the choice between dealing with the ...

22

... the **zero** **lower** **bound** might strengthen the e¤ects of a negative shock by hampering the monetary authority from o¤setting the negative e¤ects of an adverse ...the **zero** **lower** **bound** ...

56

... the **zero** **lower** ...the **zero** **lower** **bound**, and that of the four, productivity shock in the tradable sector is the most ...of **lower** average values of output and consumption (by more ...

14

... Proof. Theorem 1 demonstrates that cash holding will increase during a period of interest rates at the **zero** **lower** **bound**. This implies due to Equation (7) that for given R m and credit supply K either ...

7

... Burgert and Schmidt (2014) demonstrated that inherited debt level matters for both monetary and …scal policy at the **zero** **lower** **bound**. We examined the state- dependency of dynamics in our baseline ...

48

... This paper analyzes optimal monetary policy under **zero** **lower** **bound** in the presence of cost channel. Cost channel introduces trade-o¤ between output and in‡ation when economy is out of ZLB. As a ...

25

... Government spending, GDP and exchange rate in Zero Lower Bound: measuring causality at multiple horizons MAO TAKONGMO, Charles Olivier... Causality measure at horizon h.[r] ...

12

... the **zero** **lower** **bound** and become negative during the sample periods after late ...and **zero** interest rate policy ...the **zero** **lower** ...

44

... This paper considers the interdependence of interest rate rules and macropru- dential policies in a New Keynesian business cycle model, where entrepreneurs and banks engage in a loan contract and both are subject to ...

38

... To test Paul Krugman’s pioneering proposal for escaping from liquidity traps, this study examines whether unconventional monetary policies under a **zero** **lower** **bound** decrease real interest rates in ...

9

... Recent years have witnessed substantial advances in the theory of monetary policy in the presence of a **lower** **bound** on the nominal interest rate. In deterministic environments, the literature has developed ...

27

... the **zero** **lower** **bound** and does not respond to government spending shocks and to an increase in inflation, the government spending multiplier becomes almost twice as large, since it is estimated to be ...

43

... Revisiting the AA-DD model in Zero Lower Bound MAO TAKONGMO, Charles Olivier University of Ottawa.[r] ...

19