NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Global Effective Lower Bound and Unconventional Monetary Policy

Jing Cynthia Wu, Ji Zhang

NBER Working Paper No. 24714
Issued in June 2018, Revised in April 2019

---- Acknowledgments ----

We thank Drew Creal, Charles Engel, Jordi Galí, Peter Karadi, Anna Lipińska, Argia Sbordone, Ken West, Michael Woodford, as well as participants at the NBER International Seminar on Macroeconomics, “Credit Market Frictions, Business Cycles, and Monetary Policy: A Research Conference in Honor of Charles Carlstrom and Timothy Fuerst” for helpful comments. Correspondence: cynthia.wu@nd.edu, zhangji@ pbcsf.tsinghua.edu.cn. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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