The Natural Rate of Interest and Its Usefulness for Monetary Policy

被引：83

作者：

Barsky, Robert ^{[1
,2
,3
]}

Justiniano, Alejandro ^{[1
]}

Melosi, Leonardo ^{[1
]}

机构：

[1] Fed Reserve Bank Chicago, Chicago, IL 60604 USA

[2] Univ Michigan, Ann Arbor, MI 48109 USA

[3] NBER, Cambridge, MA 02138 USA

来源：

AMERICAN ECONOMIC REVIEW | 2014年 / 104卷 / 05期

关键词：

LIQUIDITY TRAP; WELFARE; SLUMP; COSTS; RISK;

D O I：

10.1257/aer.104.5.37

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

引用

页码：37 / 43

页数：7

共 21 条

[1] ASSET RETURNS WITH TRANSACTIONS COSTS AND UNINSURED INDIVIDUAL RISK [J].

AIYAGARI, SR ;

GERTLER, M .

JOURNAL OF MONETARY ECONOMICS, 1991, 27 (03) :311-331

[2] Inflation stabilization and welfare: The case of a distorted steady state [J].

Benigno, P ;

Woodford, M .

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION, 2005, 3 (06) :1185-1236

[3]

Bianchi Francesco, 2013, DP9643 CTR EC POL RE

[4] Real wage rigidities and the new Keynesian model [J].

Blanchard, Olivier ;

Gali, Jordi .

JOURNAL OF MONEY CREDIT AND BANKING, 2007, 39 (01) :35-65

[5]

Boivin J., 2006, 332 NAT BUR EC RES

[6]

Campbell JR, 2012, BROOKINGS PAP ECO AC, P1

[7]

Campbell Jeffrey R., 2012, MONETARY POLIC UNPUB

[8]

Curdia Vasco, J MONETARY IN PRESS

[9] Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach [J].

Eggertsson, Gauti B. ;

Krugman, Paul .

QUARTERLY JOURNAL OF ECONOMICS, 2012, 127 (03) :1469-1513

[10]

Eggertsson GB, 2003, BROOKINGS PAP ECO AC, P139

← 1 2 3 →