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040 |aCaOODSP|beng|erda|cCaOODSP
043 |an-cn---
0861 |aFB3-5/2021-51E-PDF
1001 |aWoodford, Michael, |d1955- |eauthor.
24510|aFiscal and monetary stabilization policy at the zero lower bound : |bconsequences of limited foresight / |cby Michael Woodford and Yinxi Xie.
264 1|aOttawa, Ontario, Canada : |bBank of Canada = Banque du Canada, |c2021.
264 4|c©2021
300 |a1 online resource (ii, 70 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2021-51
500 |aLast updated: October 18, 2021
504 |aIncludes bibliographical references (pages 51-54).
520 |a"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.
650 0|aMonetary policy|xMathematical models.
650 0|aBusiness cycles|xMathematical models.
650 6|aPolitique monétaire|xModèles mathématiques.
650 6|aCycles économiques|xModèles mathématiques.
7102 |aBank of Canada, |eissuing body.
830#0|aStaff working paper (Bank of Canada)|v2021-51.|w(CaOODSP)9.806221
85640|qPDF|s924 KB|uhttps://publications.gc.ca/collections/collection_2021/banque-bank-canada/FB3-5-2021-51-eng.pdf