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...

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Detalhes bibliográficos
Autor principal: Bäumler, Daniel Maximilian Günter (author)
Formato: masterThesis
Idioma:eng
Publicado em: 2018
Assuntos:
Texto completo:http://hdl.handle.net/10400.14/26312
País:Portugal
Oai:oai:repositorio.ucp.pt:10400.14/26312