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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.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.904188&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleFiscal and monetary stabilization policy at the zero lower bound : consequences of limited foresight / by Michael Woodford and Yinxi Xie.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-51
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • Last updated: October 18, 2021
  • Includes bibliographical references (pages 51-54).
Publishing information
  • Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021.
  • ©2021
Author / Contributor
  • Woodford, Michael, 1955- author.
Description1 online resource (ii, 70 pages) : charts.
Catalogue number
  • FB3-5/2021-51E-PDF
Subject terms
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