The optimal monetary policy rule under the non-negativity constraint on nominal interest rates

Tomohiro Sugo, Yuki Teranishi

研究成果: Article

8 引用 (Scopus)

抜粋

We identify a monetary policy rule that remains optimal even in the presence of the non-negativity constraint on nominal interest rates. This rule also compensates for any past shortfalls in monetary easing during the zero interest rate period.

元の言語English
ページ(範囲)95-100
ページ数6
ジャーナルEconomics Letters
89
発行部数1
DOI
出版物ステータスPublished - 2005 10 1
外部発表Yes

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

フィンガープリント The optimal monetary policy rule under the non-negativity constraint on nominal interest rates' の研究トピックを掘り下げます。これらはともに一意のフィンガープリントを構成します。

  • これを引用