Fiscal and monetary stabilization policy at the zero lower bound : consequences of limited foresight / by Michael Woodford and Yinxi Xie.: FB3-5/2021-51E-PDF
"This paper reconsiders the degree to which macroeconomic stabilization is possible when the zero lower bound is a relevant constraint on the effectiveness of conventional monetary policy, under an assumption of bounded rationality. In particular, we reconsider the potential role of counter cyclical fiscal transfers as a tool of stabilization policy"--Abstract.
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| Title | Fiscal and monetary stabilization policy at the zero lower bound : consequences of limited foresight / by Michael Woodford and Yinxi Xie. |
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| Publication type | Monograph - View Master Record |
| Language | [English] |
| Format | Digital text |
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| Description | 1 online resource (ii, 70 pages) : charts. |
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