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Published in 2017 at "Journal of Monetary Economics"
DOI: 10.1016/j.jmoneco.2017.05.003
Abstract: We propose estimating DSGE models in which the central bank fixes the policy rate for an extended period of time and apply our approach to estimate expected durations of the Federal Reserve’s zero interest rate…
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Keywords:
policy;
dsge models;
rate;
zero interest ... See more keywords