[HTML][HTML] Unconventional policies in state-dependent liquidity traps

WJ Tayler, R Zilberman - Journal of Economic Dynamics and Control, 2024 - Elsevier
We characterize optimal unconventional monetary and fiscal-financial policies against
supply-and demand-driven liquidity traps within a tractable New Keynesian model featuring …

Monetary policy rules and zero lower bound on nominal interest rates in a cost-channel economy

LRC Pathberiya - Economic Modelling, 2024 - Elsevier
This study analyzed monetary policy rules in a cost-channel economy with a zero lower
bound on nominal interest rates (ZLB). The cost channel reflects the supply-side effects of …

[PDF][PDF] Analysing the Implications of a Cost-Channel in a New-Keynesian model

AC Silva - 2019 - run.unl.pt
Through making firms' marginal cost dependent on the nominal interest rate, I introduce a
cost-channel into an New-Keynesian framework. Including thereby demand and also supply …

Monetary and Financial Tax Interventions in Liquidity Traps

W Tayler, R Zilberman - Available at SSRN 4455670, 2023 - papers.ssrn.com
We characterize the joint optimal conduct of unconventional monetary and financial tax
policies in a New Keynesian model wherein endogenous supply-side financial frictions …

[PDF][PDF] Unconventional Policies in State-Contingent Liquidity Traps

W Tayler, R Zilberman - 2023 - lancaster.ac.uk
We characterize optimal unconventional monetary and fiscal-financial policies within a
tractable New Keynesian model featuring a monetary policy cost channel. Statedependent …

Analyzing the Implications of a Cost-Channel in a New-Keynesian Model

J Hölz - 2019 - search.proquest.com
Through making firms' marginal cost dependent on the nominal interest rate, I introduce a
cost-channel into an New-Keynesian framework. Including thereby demand and also supply …