Results 21 to 30 of about 1,468,730 (198)
The Secular Stagnation Hypothes is and the Future of Europe’s Advanced Economies
Politeja, 2020 The secular stagnation hypothesis originated in the late 1930s when Alvin Hansen proposed that the American economy will experience a prolonged depression because of the slowdown in demographics. Widely discussed in the aftermath of the Great Depression,
Artur F. Tomeczek
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Uncertainty at the Zero Lower Bound [PDF]
Finance and Economics Discussion Series, 2012 This paper examines how the presence of uncertainty alters allocations and prices when the nominal interest rate is constrained by the zero lower bound. I conduct the analysis using a standard New Keynesian model in which the nominal interest rate is determined according to a truncated Taylor rule.
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Coherence without rationality at the zero lower bound
Journal of Economic Theory, 2023 Standard rational expectations models with an occasionally binding zero lower bound constraint either admit no solutions (incoherence) or multiple solutions (incompleteness). This paper shows that deviations from full-information rational expectations mitigate concerns about incoherence and incompleteness.
Guido Ascari +2 more
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Baryon asymmetry from Barrow entropy: theoretical predictions and observational constraints
European Physical Journal C: Particles and Fields, 2022 We investigate the generation of baryon asymmetry from the corrections brought about in the Friedman equations due to Barrow entropy. In particular, by applying the gravity-thermodynamics conjecture one obtains extra terms in the Friedmann equations that
Giuseppe Gaetano Luciano +1 more
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The Cost of Overcoming the Zero Lower-Bound: A Welfare Analysis
Economies, 2019 To broaden the operational scope of monetary policy, several authors suggest cash abolition as an appropriate means of breaking through the zero lower-bound.
Gerhard Rösl +2 more
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Lecciones de la Gran Recesión para una economía pospandémica: los límites de la política monetaria
Revista Crítica de Ciências Sociais, 2022 In this paper we present a response mechanism to the COVID-19 pandemic consistent with the previous empirical literature that emerged during the Great Recession, although not with the underlying ontology.
Esteban Cruz Hidalgo +3 more
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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
Kilian, Joe +2 more
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Monetary Policy Expectations at the Zero Lower Bound [PDF]
Federal Reserve Bank of San Francisco, Working Paper Series, 2013 We show that conventional dynamic term structure models (DTSMs) estimated on recent U.S. data severely violate the zero lower bound (ZLB) on nominal interest rates and deliver poor forecasts of future short rates. In contrast, shadow‐rate DTSMs account for the ZLB by construction, capture the resulting distributional asymmetry of future short rates ...
Michael D. Bauer, Glenn D. Rudebusch
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The lower bound on interest rates and ways to overcome it
Groundings, 2017 Expansionary monetary policy was traditionally thought to be restricted by the zero lower bound on nominal interest rates. Yet since 2014, some central banks, facing secular stagnation and deflationary traps, have pushed key policy rates below zero. This
Pia-Katharina Andres
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Discretionary monetary policy and the zero lower bound on nominal interest rates [PDF]
, 2005 Ignoring the existence of the zero lower bound on nominal interest rates one considerably understates the value of monetary commitment in New Keynesian models. A stochastic forward-looking model with lower bound, calibrated to the U.S.
Adam, Klaus, Billi, Roberto
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