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Zero lower bound and monetary policy in the euro area : optimal monetary policy in a low inflation environment /
Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this is only possible as long as interest rates are above zero. The case of Japan showed that monetary policy was helpless as nominal rates approa...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hamburg :
Diplomica Verlag,
2008.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Protze, Lars. | |
| 245 | 1 | 0 | |a Zero lower bound and monetary policy in the euro area : |b optimal monetary policy in a low inflation environment / |c Lars Protze. |
| 260 | |a Hamburg : |b Diplomica Verlag, |c 2008. | ||
| 300 | |a 1 online resource (iv, 172 pages) : |b portrait | ||
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| 500 | |a Cover title. | ||
| 504 | |a Includes bibliographical references. | ||
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Zero Lower Bound andMonetary Policy in the Euro AreaOptimal Monetary Policy in aLow Inflation Environment; Table of contents; 1. Introduction; 2. Literature; 3. The Model; 4. Modelling the euro area economy; 5. How severe is the zero bound in the euro area?; 6. Discussion; 7. Conclusions; Appendix; Literature. | |
| 520 | |a Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this is only possible as long as interest rates are above zero. The case of Japan showed that monetary policy was helpless as nominal rates approached zero. This Book starts with an overview of monetary policy with the restriction that interest rates can not fall below zero. Then optimal monetary policy in a low inflation environment is treated. This is done by using a New Keynesian model with sticky prices. Therefore the model and the necess. | ||
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Monetary policy. | |
| 650 | 6 | |a Politique monétaire. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Monetary policy |2 fast | |
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| 776 | 0 | 8 | |i Print version: |a Protze, Lars. |t Zero Lower Bound and Monetary Policy in the Euro Area : Optimal Monetary Policy in a Low Inflation Environment. |d : Diplomica Verlag, ©2008 |z 9783836664905 |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=594759 |z Texto completo |
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