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pro vyhledávání: '"Yoichiro Tamanyu"'
Publikováno v:
International Journal of Central Banking (IJCB); Dec2023, Vol. 19 Issue 5, p145-183, 39p
Autor:
Yoichiro Tamanyu
Publikováno v:
Macroeconomic Dynamics. 26:1564-1587
Multiple equilibria arise in standard New Keynesian models when the nominal interest rate is set according to the Taylor rule and constrained by a zero lower bound (ZLB). One of these equilibria is deflationary and referred to as an expectations-driv
Publikováno v:
International Finance. 24:53-76
This paper proposes a simple but comprehensive structural vector autoregressive model to examine the underlying factors of oil price dynamics. The distinguishing feature is to explicitly assess the role of expectations about future aggregate demand a