00000nam 2200000zi 4500 9.904188 CaOODSP 20230928110412 m o d f cr |n||||||||| 211018t20212021oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP n-cn--- FB3-5/2021-51E-PDF Woodford, Michael, 1955- author. Fiscal and monetary stabilization policy at the zero lower bound : consequences of limited foresight / by Michael Woodford and Yinxi Xie. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2021. ©2021 1 online resource (ii, 70 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2021-51 Last updated: October 18, 2021 Includes bibliographical references (pages 51-54). "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. Monetary policy Mathematical models. Business cycles Mathematical models. Politique monétaire Modèles mathématiques. Cycles économiques Modèles mathématiques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2021-51. (CaOODSP)9.806221 PDF 924 KB https://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-51-eng.pdf