6591917 Ergebnisse
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Working paper
In: Economic Affairs, Band 40, Heft 1, S. 24-35
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In: CESifo economic studies: a joint initiative of the University of Munich's Center for Economic Studies and the Ifo Institute, Band 51, Heft 4, S. 729-755
ISSN: 1612-7501
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In: FEDS Working Paper No. 2017-059
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In: Journal of international economics, Band 108, S. S59-S75
ISSN: 0022-1996
In: NBER Working Paper No. w24328
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In: Banque de France Working Paper No. 670
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In: American economic review, Band 104, Heft 5, S. 37-43
ISSN: 1944-7981
We estimate a state-of-the-art DSGE model to study the natural rate of interest in the United States over the last 20 years. The natural rate is highly procyclical, and fell substantially below zero in each of the last three recessions. Although the drop was of comparable magnitude across the three recessions, the decline was considerably more persistent in the Great Recession. We discuss the usefulness and limitations, particularly due to the zero lower bound, of the natural rate for the conduct of monetary policy.
In: FEDS Notes No. 2020-06-19 https://doi.org/10.17016/2380-7172.2593
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In: Politická ekonomie: teorie, modelování, aplikace, Band 64, Heft 1, S. 83-108
ISSN: 2336-8225
N/A
In: ECB Occasional Paper No. 217 (2018); ISBN 978-92-899-3376-6
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In: Structural change and economic dynamics, Band 20, Heft 2, S. 136-150
ISSN: 1873-6017