Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/242525 
Authors: 
Year of Publication: 
2014
Series/Report no.: 
Economics Working Paper Series No. 2014/02
Publisher: 
Auckland University of Technology (AUT), Faculty of Business, Economics and Law, Auckland
Abstract: 
We investigate how the Federal Reserve (Fed) hit the zero lower bound (ZLB) interest rate while operating under a Taylor-type policy rule. We estimate a reaction function and the results indicate that during the crisis Fed increased the weight on output without also increasing the weight on inflation led them to hit the ZLB.
Subjects: 
Ambiguity
Belief Function
Investment Bubble
Inference
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.