Irreversible monetary policy at the zero lower bound
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More about this item
Keywords
Monetary policy; policy irreversibility; reversal aversion; liquidity trap;JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2019-04-29 (Central Banking)
- NEP-DGE-2019-04-29 (Dynamic General Equilibrium)
- NEP-MAC-2019-04-29 (Macroeconomics)
- NEP-MON-2019-04-29 (Monetary Economics)
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