Nonlinear Adventures at the Zero Lower Bound
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Motivated by the recent experience of the U.S. and the Eurozone, we describe the quantitative properties of a New Keynesian model with a zero lower bound (ZLB) on nominal interest rates, explicitly accounting for the nonlinearities that the bound brings. Besides showing how such a model can be
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美国国家经济研究局创建时间：
2012-05-01
