Redefining monetary policy rules: A threshold approach.

In this paper, we try to analyse the extent to which a redefinition of the monetary policy rule would help to avoid the zero-lower bound, as well as to explore the conditions needed to avoid that constraint. To that aim, we estimate the threshold values of the key variables of the policy rule: the i...

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Autores principales: Carmen Diaz-Roldan, María A Prats, Maria Del Carmen Ramos-Herrera
Formato: article
Lenguaje:EN
Publicado: Public Library of Science (PLoS) 2021
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Acceso en línea:https://doaj.org/article/e5e9d3cabc704eb79f4db29eddd1eb02
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