Results 91 to 100 of about 1,468,730 (198)

Monetary policy and the zero bound : policy options when short-term rates reach zero [PDF]

In response to continuing weakness in economic activity, the Federal Reserve has lowered its target for the overnight federal funds rate from 6½ percent to 1 percent over the past two and one-half years.
Gordon H. Sellon, Jr.
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Monetary Policy Lag, Zero Lower Bound, and Inflation Targeting [PDF]

Although the concept of monetary policy lag has historical roots deep in the monetary economics literature, relatively little attention has been paid to the idea.
Shin-Ichi Nishiyama
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Monetary Policy, Asset-Price Bubbles and the Zero Lower Bound [PDF]

We use a simple model of a closed economy to study the recommendations of monetary policy-makers, attempting to respond optimally to an asset-price bubble whose stochastic properties they understand. We focus on the impact which the zero lower bound (ZLB)
Andrew Stone, Tim Robinson
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Heeding Daedalus: Optimal inflation and the zero lower bound [PDF]

This paper reexamines the implications of the zero lower bound on interest rates for monetary policy and the optimal choice of steady-state inflation in light of the experience of the recent global recession. There are two main findings.
John C. Williams
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Adjustment of the US current account deficit [PDF]

We present a two country DGE model and estimate it using Bayesian techniques and euro area and US quarterly data for 1977–2004. In analysing the current accounts we find that a lower US rate of time preference or a higher dollar risk premium could render
Kortelainen, Mika
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Monetary and Fiscal Policy under Learning in the Presence of a Liquidity Trap [PDF]

This paper reports on the findings of Evans, Guse, and Honkapohja (2007) concerning the global economic dynamics under learning in a New Keynesian model in which the interest rate rule is subject to the zero lower bound.
George W. Evans
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Monetary policy in a low inflation economy with learning [PDF]

In theory, monetary policies that target the price level, as opposed to the inflation rate, should be highly effective at stabilizing the economy and avoiding deflation in the presence of the zero lower bound on nominal interest rates. With such a policy,
John C. Williams
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A General Model of Bertrand–Edgeworth Duopoly

Games
This paper studies a class of two-player all-pay contests with externalities that encompass a general version of duopoly price competition. This all-pay contest formulation puts little restriction on production technologies, demand, and demand rationing.
Blake A. Allison, Jason J. Lepore
doaj   +1 more source

On the existence of a non-zero lower bound for the number of Goldbach partitions of an even integer

International Journal of Mathematics and Mathematical Sciences, 2004
The Goldbach partitions of an even number, given by the sums of two prime addends, form the nonempty set for all integers 2n with 2≤n≤2×1014. It will be shown how to determine by the method of induction the existence of a non-zero lower bound for the
Simon Davis
doaj   +1 more source

Support-based lower bounds for the positive semidefinite rank of a nonnegative matrix [PDF]

, 2013
The positive semidefinite rank of a nonnegative $(m\times n)$-matrix~$S$ is the minimum number~$q$ such that there exist positive semidefinite $(q\times q)$-matrices $A_1,\dots,A_m$, $B_1,\dots,B_n$ such that $S(k,\ell) = \mbox{tr}(A_k^* B_\ell)$.
Dirk, Oliver Theis, Troy Lee
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