Results 161 to 170 of about 1,468,730 (198)

Inequality and the zero lower bound

SSRN Electronic Journal, 2023
This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates on aggregate dynamics. To do so, we consider a heterogeneous agent New Keynesian (HANK) model with an occasionally binding ZLB and solve for its fully non-linear stochastic equilibrium using a novel neural network algorithm.
Fernández-Villaverde, Jesús, Marbet, Joël, Nuño, Galo, Rachedi, Omar   +3 more
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STABILIZATION POLICY AT THE ZERO LOWER BOUND

International Economic Review, 2019
AbstractWe construct a monetary economy with aggregate liquidity shocks and heterogeneous idiosyncratic preference shocks. In this environment, not all agents are satiated at the zero lower bound (ZLB) even when the Friedman rule is the best interest‐rate policy the central bank can implement.
Boel, Paola, Waller, Christopher J.
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Lower Bounds For Multidimensional Zero Sums

COMBINATORICA, 2004
Let \(f(n,d)\) denote the least integer such that for any choice of \(f(n,d)\) elements in \({\mathbb Z}_n^d\) contains a subset of size \(n\) whose sum is zero. \textit{H. Harborth} [J. Reine Angew. Math. 262/263, 356--360 (1973; Zbl 0268.05008)] showed that \((n-1)2^d+1\leq f(n,d)\leq (n-1)n^d+1\). \textit{N. Alon} and \textit{M.
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Lower Bounds For Concurrent Zero Knowledge*

Combinatorica, 2005
We consider zero knowledge interactive proofs in a richer, more realistic communication environment. In this setting, one may simultaneously engage in many interactive proofs, and these proofs may take place in an asynchronous fashion. It is known that zero-knowledge is not necessarily preserved in such an environment; we show that for a large class of
Joe Kilian, Charles Rackoff, Erez Petrank   +2 more
openaire   +1 more source

Stabilizing expectations at the zero lower bound: Experimental evidence

Journal of Economic Dynamics and Control, 2015
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Arifovic, Jasmina, Petersen, Luba
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Note on zero lower bound worries

2006
Although some authors have suggested that monetary expansion is still possible when the monetary policy interest rate cannot be reduced further, central banks tend to avoid interest rates close to the zero lower bound. Taking into account central banks.aversion to very low interest rates, we investigate optimal monetary policy in a New-Keynesian macro ...
Cees Ullersma, Gerben Hieminga
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Zeroing In: Asset Pricing Near the Zero Lower Bound

SSRN Electronic Journal, 2017
This paper analyzes the effect of the Zero Lower Bound (ZLB) on asset prices, risk premia, and the co-movement of asset returns using a New Keynesian framework with nominal rigidities. I find that the presence of the ZLB generates a new source of macroeconomic risk: the risk that the ZLB will be binding in the future.
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Monetary Policy at the Zero Lower Bound

SSRN Electronic Journal, 2015
Both interest rates and inflation rates in the Euro area have reached levels dangerously close to zero. By the strategy of quantitative easing the ECB has been providing ample liquidity – yet without lasting success. Several asymmetries in policy transmission and monetary policy making have been acknowledged when interest rates hit the zero bound. This
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Zero Lower Bound Bias Correction

SSRN Electronic Journal, 2022
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