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Bank of Canada RSS Feedsen2024-03-29T15:43:00+00:00The Zero Bound on Nominal Interest Rates: Implications for the Optimal Monetary Policy in Canada
https://www.bankofcanada.ca/2007/03/discussion-paper-2007-1/
The authors assess the performance of the Canadian economy under a variety of interest rate rules when the zero bound on nominal interest rates can bind. Their assessment is based on numerical simulations of a dynamic stochastic general-equilibrium model in a stochastic environment. Consistent with the literature, the authors find that the probability and consequences […]2007-03-07T13:52:06+00:00enThe Zero Bound on Nominal Interest Rates: Implications for the Optimal Monetary Policy in Canada2007-03-07Inflation: costs and benefitsInterest ratesMonetary policy frameworkDiscussion Paper 2007-1https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-1.pdfThe Zero Bound on Nominal Interest Rates: Implications for the Optimal Monetary Policy in CanadaClaude LavoieHope PioroMarch 2007EE4E43E47E5E52