Results 11 to 20 of about 1,474,906 (296)
Supply-Side Policies and the Zero Lower Bound [PDF]
IMF Economic Review, 2011 This paper examines how supply-side policies may play a role in fighting a low aggregate demand that traps an economy at the zero lower bound (ZLB) of nominal interest rates.
Jesús Fernández-Villaverde +2 more
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Identification at the Zero Lower Bound [PDF]
Econometrica, 2021 I show that the zero lower bound (ZLB) on interest rates can be used to identify the causal effects of monetary policy. Identification depends on the extent to which the ZLB limits the efficacy of monetary policy. I propose a simple way to test the efficacy of unconventional policies, modeled via a “shadow rate.” I apply this method to U.S.
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Lower bounds for zero knowledge on the Internet [PDF]
Proceedings 39th Annual Symposium on Foundations of Computer Science (Cat. No.98CB36280), 2002 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 +2 more
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Nonlinear adventures at the zero lower bound [PDF]
Journal of Economic Dynamics and Control, 2012 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Jesús Fernández-Villaverde +3 more
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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-Keng Yap
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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
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Inflation, Debt and the Zero Lower Bound [PDF]
SSRN Electronic Journal, 2014 This paper analyses the macroeconomic effects of a protracted period of low and falling inflation rates when monetary policy is constrained by the zero lower bound (ZLB) on nominal interest rates and the private sector is indebted in nominal terms (debt-deflation channel).
Stefano Neri, Alessandro Notarpietro
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A lower bound on the zero forcing number [PDF]
Discrete Applied Mathematics, 2018 In this note, we study a dynamic vertex coloring for a graph $G$. In particular, one starts with a certain set of vertices black, and all other vertices white. Then, at each time step, a black vertex with exactly one white neighbor forces its white neighbor to become black.
Randy Davila +2 more
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The Zero Lower Bound and the Dual Mandate [PDF]
SSRN Electronic Journal, 2012 This article uses a DSGE framework to evaluate the role of monetary policy in determining the likelihood of encountering the zero lower bound. We …nd that the probability of experiencing episodes of being at zero lower bound depends almost exclusively on the monetary policy rule.
William T. Gavin, Benjamin D. Keen
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Changing dynamics at the zero lower bound
, 2016 The interaction of macroeconomic variables may change as the nominal shortterm interest rates approaches zero. In this paper, we propose an empirical model capturing these changing dynamics with a time-varying parameter vector autoregressive process ...
Bäurle, Gregor +3 more
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