Results 11 to 20 of about 1,468,730 (198)
Fractal and Fractional, 2023 This paper applies two different types of Riemann–Liouville derivatives to solve fractional differential equations of second order. Basically, the properties of the Riemann–Liouville fractional derivative depend mainly on the lower bound of the integral ...
Abdulrahman B. Albidah
doaj +1 more source
Global Dynamics at the Zero Lower Bound [PDF]
SSRN Electronic Journal, 2013 This article presents global solutions to standard New Keynesian models to show how economic dynamics change when the nominal interest rate is constrained at its zero lower bound (ZLB). We focus on the canonical New Keynesian model without capital, but we also study the model with capital, with and without investment adjustment costs.
William T. Gavin +3 more
openaire +3 more sources
The Zero Lower Bound and Estimation Accuracy [PDF]
Federal Reserve Bank of Dallas, Working Papers, 2019 During the Great Recession, many central banks lowered their policy rate to its zero lower bound (ZLB), creating a kink in the policy rule and calling into question linear estimation methods. There are two promising alternatives: estimate a fully nonlinear model that accounts for precautionary savings effects of the ZLB or a piecewise linear model that
Tyler Atkinson +2 more
openaire +1 more source
A Short Proof for a Lower Bound on the Zero Forcing Number
Discussiones Mathematicae Graph Theory, 2020 We provide a short proof of a conjecture of Davila and Kenter concerning a lower bound on the zero forcing number Z(G) of a graph G. More specifically, we show that Z(G) ≥ (g − 2)(δ − 2) + 2 for every graph G of girth g at least 3 and minimum degree δ at
Fürst Maximilian, Rautenbach Dieter
doaj +1 more source
The Zero Lower Bound and Endogenous Uncertainty [PDF]
Federal Reserve Bank of Dallas, Working Papers, 2014 This paper examines the correlation between uncertainty and real GDP growth. We use the volatility of real GDP growth from a VAR, stock market volatility, survey-based forecast dispersion, and the index from Jurado et al. (2015) as proxies for uncertainty. In each case, a stronger negative correlation emerged in 2008.
Plante, Michael D. +2 more
openaire +1 more source
Risks, 2022 In the present paper, we investigate the financial homogeneity of the euro area economies by contrasting eurozone countries’ responses to monetary policy steps to the theoretical assumptions of the liquidity trap phenomenon.
Tibor Tatay +2 more
doaj +1 more source
Lower bounds for zero-dimensional projections [PDF]
Proceedings of the 2009 international symposium on Symbolic and algebraic computation, 2009 Let I be an ideal generated by polynomials P1, ...Pm, ∈ Z[X1,...,Xn], and β be an isolated prime component of I. If the projection of ZERO(β)⊆Cn onto the first coordinate is a finite set, and ¶=(¶1,...,¶n) ∈ZERO(β) where ¶1 0, then we prove a lower bound on |¶| in terms of n, m and the maximum degree D and maximum height H of the polynomials.
W. Dale Brownawell, Chee K. Yap
openaire +1 more source
Monetary policy at the zero lower bound. Geldpolitik an der Null-Zins-Grenze
Eesti Majanduspoliitilised Väitlused, 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.
Karen Cabos
doaj +1 more source
On the achievable rate of bandlimited continuous-time AWGN channels with 1-bit output quantization
EURASIP Journal on Wireless Communications and Networking, 2021 We consider a real continuous-time bandlimited additive white Gaussian noise channel with 1-bit output quantization. On such a channel the information is carried by the temporal distances of the zero-crossings of the transmit signal.
Sandra Bender +2 more
doaj +1 more source
Breaking Through the Zero Lower Bound [PDF]
IMF Working Papers, 2015 There has been much discussion about eliminating the “zero lower bound” by eliminating paper currency. But such a radical and difficult approach as eliminating paper currency is not necessary. Much as during the Great Depression—when countries were able to revive their economies by going off the gold standard—all that is needed to empower monetary ...
Miles Kimball, Ruchir Agarwal
openaire +1 more source