Results 71 to 80 of about 1,468,730 (198)
Bond Risk Premiums at the Zero Lower Bound
SSRN Electronic Journal, 2019 This paper documents a significantly stronger relationship between the slope of the yield curve and future excess bond returns on Treasuries from 2008-2015 than before 2008. This new predictability result is not matched by the standard shadow rate model with Gaussian factor dynamics, but extending the model with regime-switching in the (physical ...
Martin M. Andreasen +2 more
openaire +4 more sources
Sobolev type inequalities for compact metric graphs
Journal of Inequalities and Applications, 2018 In this paper analogues of Sobolev inequalities for compact and connected metric graphs are derived. As a consequence of these inequalities, a lower bound, commonly known as Cheeger inequality, on the first non-zero eigenvalue of the Laplace operator ...
Muhammad Usman
doaj +1 more source
On the Number of Iterations for Dantzig-Wolfe Optimization and Packing-Covering Approximation Algorithms [PDF]
, 2015 We give a lower bound on the iteration complexity of a natural class of Lagrangean-relaxation algorithms for approximately solving packing/covering linear programs.
A. V. Goldberg +12 more
core +3 more sources
Misconceptions Regarding the Zero Lower Bound on Interest Rates [PDF]
The paper reviews issues related to the zero lower bound (ZLB) on interest rates and argues that all of the following propositions are invalid: (1) in a ZLB situation, gshaping interest rate expectations is essentially the only tool that central bankers ...
Bennett T. McCallum
core
Expectations, deflation traps and macroeconomic policy [PDF]
We examine global economic dynamics under infinite-horizon learning in a New Keynesian model in which the interest-rate rule is subject to the zero lower bound.
Evans , George W, Honkapohja, Seppo
core
Liquidity Trap Prevention and Escape: A Simple Proposition [PDF]
Liquidity traps occur when the natural nominal interest rate becomes negative. In a model with capital price dynamics explicitly considered, we find that shocks in the future can cause current and lasting liquidity traps. We propose that the central bank
Junning Cai
core
Zero Lower Bound and negative interest rates: Choices for monetary policy in the UK. [PDF]
J Policy Model, 2021 Nasir MA.
europepmc +1 more source
Optimal monetary policy under discretion with a zero bound on nominal interest rates [PDF]
We determine optimal discretionary monetary policy in a New-Keynesian model when nominal interest rates are bounded below by zero. Nominal interest rates should be lowered faster in response to adverse shocks than in the case without bound.
Adam, Klaus, Billi, Roberto M.
core
Optimal monetary and fiscal policy with a zero bound on nominal interest rates [PDF]
, 2012 I characterize optimal monetary and fiscal policy in a stochastic New Keynesian model when nominal interest rates may occasionally hit the zero lower bound.
Schmidt, Sebastian
core
On numerical invariants for knots in the solid torus
Open Mathematics, 2015 We define some new numerical invariants for knots with zero winding number in the solid torus. These invariants explore some geometric features of knots embedded in the solid torus.
Bataineh Khaled
doaj +1 more source