Monetary Policy Analysis when Planning Horizons are Finite
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- García-Schmidt, Mariana & Woodford, Michael, 2015. "Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis," CEPR Discussion Papers 10893, C.E.P.R. Discussion Papers.
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More about this item
Keywords
forward guidance; neo-Fisherianism; Fisher equation; bounded rationality;All these keywords.
JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2018-07-30 (Dynamic General Equilibrium)
- NEP-MAC-2018-07-30 (Macroeconomics)
- NEP-MON-2018-07-30 (Monetary Economics)
- NEP-UPT-2018-07-30 (Utility Models & Prospect Theory)
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