Brian F Madigan
Biographic Data
| ID | 8878971 |
|---|---|
| NAME | Brian F Madigan |
| GIVEN NAMES | Brian F |
| FAMILY NAME | Madigan |
| SIGNATURE | MADIGAN B F |
| VERIFIED | No |
| TOTAL WORKS | 1 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 1 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1997 |
| LATEST PUBLICATION YEAR | 1997 |
| H-INDEX | 0 |
Monetary Policy when Interest Rates Are Bounded at Zero
This paper assesses the importance of the zero lower bound on nominal interest rates for the interest-rate channel of monetary policy. We simulate several interest-rate setting policy rules with either high or low inflation targets. We determine the extent to which the zero bound prevents real rates from falling, thus cushioning aggregate output in response to negative spending shocks. For small temporary and large permanent shocks, the output pa…
No prominent works on this page.
Monetary Policy when Interest Rates Are Bounded at Zero
This paper assesses the importance of the zero lower bound on nominal interest rates for the interest-rate channel of monetary policy. We simulate several interest-rate setting policy rules with either high or low inflation targets. We determine the extent to which the zero bound prevents real rates from falling, thus cushioning aggregate output in response to negative spending shocks. For small temporary and large permanent shocks, the output pa…
Econometrics (1 work) · Economic Theory and Policy (1 work) · Economics (1 work) · Fisher hypothesis (1 work) · Global Financial Crisis and Policies (1 work) · Inflation (cosmology) (1 work) · Interest rate (1 work) · Keynesian economics (1 work) · Monetary economics (1 work) · Monetary policy (1 work)