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Macroeconomic Dynamics Near the ZLB: A Tale of Two Equilibria
16 references·16 citing·45 second hopsampled
Macroeconomic Dynamics Near the ZLB: A Tale of Two Equilibria (2013)Macroeconomic Dynamics Near the ZLB: A Ta…Fiscal Policy in an Expectations-Driven Liquidity Trap (2014)Fiscal Policy in an Expectati…Nonlinear Adventures at the Zero Lower Bound (2012)Nonlinear Adventures at the Z…DSGE Model-Based Forecasting (2012)DSGE Model-Based ForecastingWhen Is the Government Spending Multiplier Large? (2011)When Is the Government Spendi…What Fiscal Policy Is Effective at Zero Interest Rates? (2011)What Fiscal Policy Is Effecti…Estimating Macroeconomic Models: A Likelihood Approach (2007)Estimating Macroeconomic Mode…Bayesian Analysis of DSGE Models (2007)Bayesian Analysis of DSGE Mod…Estimating Macroeconomic Models: A Likelihood Approach (2006)Estimating Macroeconomic Mode…Money's Role in the Monetary Business Cycle (2004)Money's Role in the Monetary …Interest and Prices (2004)Interest and PricesZero Bound on Interest Rates and Optimal Monetary Policy (2003)Zero Bound on Interest Rates …The Zero Bound on Interest Rates and Optimal Monetary Policy (2003)The Zero Bound on Interest Ra…The Perils of Taylor Rules (2001)The Perils of Taylor RulesMoney's Role in the Monetary Business Cycle (2001)Money's Role in the Monetary …Monetary Policy and Multiple Equilibria (2001)Monetary Policy and Multiple …Projection methods for solving aggregate growth models (1992)Projection methods for solvin…DOES CALVO MEET ROTEMBERG AT THE ZERO LOWER BOUND? (2019)DOES CALVO MEET ROTEMBERG AT …Inflation Targets and the Zero Lower Bound in a Behavioural Macroeconomic Model (2018)Inflation Targets and the Zer…Behavioural Economics is Useful Also in Macroeconomics: The Role of Animal Spirits (2018)Behavioural Economics is Usef…The Perils of Nominal Targets* (2017)The Perils of Nominal Targets*The Inflation Bias Under Calvo and Rotemberg Pricing (2016)The Inflation Bias Under Calv…The zero lower bound, the dual mandate, and unconventional dynamics (2015)The zero lower bound, the dua…Some Unpleasant Properties of Loglinearized Solutions When the Nominal Rate is Zero (2015)Some Unpleasant Properties of…Merging simulation and projection approaches to solve high-dimensional problems with an application to a new Keynesian model (2015)Merging simulation and projec…MACRO‐FINANCE LINKAGES (2015)MACRO‐FINANCE LINKAGESThe Perils of Nominal Targets (2014)The Perils of Nominal TargetsNumerical Methods for Large-Scale Dynamic Economic Models (2014)Numerical Methods for Large-S…Small and Orthodox Fiscal Multipliers at the Zero Lower Bound (2013)Small and Orthodox Fiscal Mul…Local Government Spending Multipliers and Financial Distress: Evidence from Japanese Prefectures (2013)Local Government Spending Mul…Global Dynamics at the Zero Lower Bound (2013)Global Dynamics at the Zero L…Accuracy, Speed and Robustness of Policy Function Iteration (2013)Accuracy, Speed and Robustnes…The Empirical Implications of the Interest-Rate Lower Bound (2012)The Empirical Implications of…The General Theory of Employment, Interest and Money. (1936)The General Theory of Employment, Interest and Money. (1936)Discretion versus policy rules in practice (1993)Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach* (2012)Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound (2016)INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY (2005)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Can Government Purchases Stimulate the Economy? (2011)Fiscal Policy in a Depressed Economy (2012)Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates (2014)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)Rethinking Macroeconomic Policy (2010)Simple Analytics of the Government Expenditure Multiplier (2011)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Forecasting, Structural Time Series Models and the Kalman Filter (1990)Comparing solution methods for dynamic equilibrium economies (2005)The Econometrics of DSGE Models (2009)Policy risk and the business cycle (2014)Asset Prices in an Exchange Economy (1978)Storage and Commodity Markets. (1992)Numerical Methods in Economics (1998)A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily (2001)OccBin: A toolkit for solving dynamic models with occasionally binding constraints easily (2014)Staggered Prices in a Utility-Maximizing Framework (1996)Monetary policy rules in practice (1998)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)A Model of Secular Stagnation: Theory and Quantitative Evaluation (2019)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy (1997)Chapter 6 Indeterminacy and sunspots in macroeconomics (1999)Resilience: A Literature Review (2011)Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy (2016)Aggregate Dynamics and Staggered Contracts (1980)Optimal monetary policy with staggered wage and price contracts (2000)Drifts and volatilities: monetary policies and outcomes in the post WWII US (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)A model of unconventional monetary policy (2010)Time to Build and Aggregate Fluctuations (1982)Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010)Macroeconomic Effects of Financial Shocks (2012)Risk Shocks (2013)American Economic Review (2019)Identifying Government Spending Shocks: It's all in the Timing* (2011)Measuring the Output Responses to Fiscal Policy (2012)Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data (2017)
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References

  • 2004Interest and Prices2,583 cited
  • 2011When Is the Government Spending Multiplier Large?1,839 cited
  • 2003Zero Bound on Interest Rates and Optimal Monetary Policy1,801 cited
  • 2007Bayesian Analysis of DSGE Models1,367 cited
  • 2003The Zero Bound on Interest Rates and Optimal Monetary Policy854 cited
  • 2001The Perils of Taylor Rules724 cited
  • 2011What Fiscal Policy Is Effective at Zero Interest Rates?681 cited
  • 1992Projection methods for solving aggregate growth models614 cited
  • 2001Monetary Policy and Multiple Equilibria532 cited
  • 2007Estimating Macroeconomic Models: A Likelihood Approach513 cited
  • 2012DSGE Model-Based Forecasting278 cited
  • 2014Fiscal Policy in an Expectations-Driven Liquidity Trap276 cited
  • 2001Money's Role in the Monetary Business Cycle270 cited
  • 2004Money's Role in the Monetary Business Cycle207 cited
  • 2006Estimating Macroeconomic Models: A Likelihood Approach108 cited
  • 2012Nonlinear Adventures at the Zero Lower Bound91 cited

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Cited by

  • 2015Merging simulation and projection approaches to solve high-dimensional problems with an application to a new Keynesian model94 cited
  • 2013Accuracy, Speed and Robustness of Policy Function Iteration92 cited
  • 2014Numerical Methods for Large-Scale Dynamic Economic Models75 cited
  • 2013Local Government Spending Multipliers and Financial Distress: Evidence from Japanese Prefectures65 cited
  • 2017The Perils of Nominal Targets*39 cited
  • 2015The zero lower bound, the dual mandate, and unconventional dynamics37 cited
  • 2015MACRO‐FINANCE LINKAGES36 cited
  • 2015Some Unpleasant Properties of Loglinearized Solutions When the Nominal Rate is Zero29 cited
  • 2012The Empirical Implications of the Interest-Rate Lower Bound26 cited
  • 2013Small and Orthodox Fiscal Multipliers at the Zero Lower Bound24 cited
  • 2018Inflation Targets and the Zero Lower Bound in a Behavioural Macroeconomic Model23 cited
  • 2019DOES CALVO MEET ROTEMBERG AT THE ZERO LOWER BOUND?22 cited
  • 2016The Inflation Bias Under Calvo and Rotemberg Pricing21 cited
  • 2013Global Dynamics at the Zero Lower Bound18 cited
  • 2018Behavioural Economics is Useful Also in Macroeconomics: The Role of Animal Spirits14 cited
  • 2014The Perils of Nominal Targets14 cited