The Zero Lower Bound on nominal interest rates and its impact on monetary policy in the “New Normal”
This dissertation aims to illustrate the impact of the Zero Lower Bound (ZLB) on nominal interest rates, based on a deterministic simulation of Fernández-Villaverde and Rubio-Ramírez’ (2006) DSGE model of the U.S. economy. I calibrate the model for 2 different steady states, the first based on histo...
Autor principal: | |
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Formato: | masterThesis |
Idioma: | eng |
Publicado em: |
2018
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Assuntos: | |
Texto completo: | http://hdl.handle.net/10400.14/26312 |
País: | Portugal |
Oai: | oai:repositorio.ucp.pt:10400.14/26312 |