The optimal monetary policy rule under the non-negativity constraint on nominal interest rates [An article from: Economics Letters]

by T. Sugo, Y. Teranishi

List Price:	~~$4.95~~
Amazon Price:	$4.95 & eligible for FREE Super Saver Shipping on orders over $25.
Lowest New Price:	$4.95
Availablitiy:	Available for download now

Editorial Reviews
Product Description
This digital document is a journal article from Economics Letters, published by Elsevier in . The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
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.

Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.