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Optimal Monetary Policy Under Discretion with a Zero Bound on Nominal Interest Rates
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References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1999Inflation dynamics: A structural econometric analysis3,088 cited
  • 1998Numerical Methods in Economics2,587 cited
  • 1981A Positive Theory of Monetary Policy in a Natural-Rate Model2,177 cited
  • 1998It's Baaack: Japan's Slump and the Return of the Liquidity Trap1,754 cited
  • 1978The Structure of Economics: A Mathematical Analysis740 cited
  • 1999Solution and estimation of RE macromodels with optimal policy404 cited
  • 2003Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others358 cited
  • 1987The New Keynesian Microfoundations292 cited
  • 2000Algorithms for solving dynamic models with occasionally binding constraints242 cited
  • 1998Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero183 cited
  • 2003The zero-interest-rate bound and the role of the exchange rate for monetary policy in Japan146 cited
  • 2004Optimal Simple and Implementable Monetary and Fiscal Rules93 cited
  • 2003How to Fight Deflation in a Liquidity Trap58 cited
  • 2001Zero bound on nominal interest rates and optimal monetary policy54 cited

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  • 2004Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank42 cited
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    • 2006Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate19 cited