Results 31 to 40 of about 1,474,906 (296)
Liquidity Traps, Learning and Stagnation [PDF]
, 2007 We examine global economic dynamics under learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound. Under normal monetary and fiscal policy, the intended steady state is locally but not globally stable.
Evans, George W +2 more
core +4 more sources
Quantum dot scanning tunneling microscopy for Majorana bound states in continuum
Frontiers in Physics, 2022 We propose a device composed of a quantum dot (QD) connected to a normal metal lead to detect Majorana bound states (MBSs), which are formed at the ends of a topological superconductor nanowire (TSNW) and coupled to the lead with spin-dependent ...
Hai-Rui Zhang, Yong-Ping Sun
doaj +1 more source
Term structure dynamics at low and negative interest rates—evidence from Switzerland
Swiss Journal of Economics and Statistics, 2018 This paper studies the transmission of changes in short-term interest rates to longer-term government bond yields when interest rates are at very low levels or negative.
Christian Grisse, Silvio Schumacher
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Bounds for expected supremum of fractional Brownian motion with drift [PDF]
, 2021 We provide upper and lower bounds for the mean ${\mathscr M}(H)$ of $\sup_{t\geqslant 0} \{B_H(t) - t\}$, with $B_H(\cdot)$ a zero-mean, variance-normalized version of fractional Brownian motion with Hurst parameter $H\in(0,1)$.
Bisewski, Krzysztof +2 more
core +2 more sources
Changing Macroeconomic Dynamics at the Zero Lower Bound [PDF]
Journal of Business & Economic Statistics, 2018 This article develops a change-point VAR model that isolates four major macroeconomic regimes in the US since the 1960s. The model identifies shocks to demand, supply, monetary policy, and spread yield using restrictions from a general equilibrium model.
Liu, P +3 more
openaire +4 more sources
Gains from Wage Flexibility and the Zero Lower Bound* [PDF]
Oxford Bulletin of Economics and Statistics, 2020 AbstractWe analyse the welfare impact of greater wage flexibility in the presence of an occasionally binding zero lower bound (ZLB) constraint on the nominal interest rate. We show that the ZLB constraint generally amplifies the adverse effects of greater wage flexibility on welfare when the central bank follows a conventional Taylor rule.
Billi, Roberto M., Galí, Jordi, 1961-
openaire +4 more sources
Some notes on problematic issues in DSGE models [PDF]
Ekonomski Anali, 2016 We review some of the problematic issues in DSGE models, which are currently much discussed in the economics profession. All of these issues are concerned with the DSGE models’ (in)ability to match aspects of macroeconomic variables’ observed ...
Slanicay Martin +2 more
doaj +1 more source
International Policy Spillovers at the Zero Lower Bound [PDF]
SSRN Electronic Journal, 2012 In this paper, we consider how monetary policy in a large, foreign economy affects optimal monetary policy in a small open economy (`home') in response to a large global demand shock that pushes both economies to the zero lower bound (ZLB) on nominal interest rates. We show that the inability of foreign monetary policy to stabilise the
Alex Haberis, Anna Lipinska
openaire +3 more sources
Cogent Engineering, 2017 This work addresses the minimization of the makespan criterion for the permutation flow shop problem with blocking, sequence and machine dependent setup times, which is a problem that has not been studied in previous works.
Mauricio Iwama Takano +1 more
doaj +1 more source
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
core +1 more source