Amplification of shocks at the zero lower bound in a small open and large closed economy

Autor:	Michal Brzoza-Brzezina
Rok vydání:	2016
Předmět:	Macroeconomics Economics and Econometrics 050208 finance Keynesian economics media_common.quotation_subject 05 social sciences Small open economy Zero lower bound Computer Science::Computers and Society Interest rate 0502 economics and business Economics 050207 economics Closed economy media_common
Zdroj:	Applied Economics Letters. 23:1029-1033
ISSN:	1466-4291 1350-4851
DOI:	10.1080/13504851.2015.1130213
Popis:	This letter compares the consequences of hitting the zero lower bound in small open and large closed economies. I show that in a large economy shocks are modified by the zero lower bound on interest rate much more than in a small one – as a result, the large economy may suffer more.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::cfad74cb7d5827c7077ffda5792e2ed7 https://doi.org/10.1080/13504851.2015.1130213 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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