Monetary Policy, Asset-Price Bubbles, and the Zero Lower Bound
Published Date
Copyright 2006
ISBN 9780226378978
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Copy CitationTim Robinson and Andrew Stone, Monetary Policy with Very Low Inflation in the Pacific Rim (University of Chicago Press, 2006), chap. 2, https://www.nber.org/books-and-chapters/monetary-policy-very-low-inflation-pacific-rim/monetary-policy-asset-price-bubbles-and-zero-lower-bound.
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Working Paper
We use a simple model of a closed economy to study the recommendations of monetary policy-makers, attempting to...