| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966550 | Journal of Monetary Economics | 2012 | 15 Pages |
Abstract
⺠The time-inconsistency is intensified when the interest rate reaches zero. ⺠Uncertainty about the future paths of inflation and the output gap rises. ⺠Uncertainty regarding the future path of the interest rate diminishes. ⺠U.S. and Swedish monetary policy had episodes of low credibility in 2008/2009.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Martin Bodenstein, James Hebden, Ricardo Nunes,