Matches in SemOpenAlex for { <https://semopenalex.org/work/W2945752813> ?p ?o ?g. }
- W2945752813 abstract "In expectations-driven liquidity traps, a higher inflation target is associated with lower inflation and consumption. As a result, introducing the possibility of expectations-driven liquidity traps to an otherwise standard model lowers the optimal inflation target. Using a calibrated New Keynesian model with an effective lower bound (ELB) constraint on nominal interest rates, we find that even a very small probability of falling into an expectations-driven liquidity trap lowers the optimal inflation target nontrivially. Our analysis provides a reason to be cautious about the argument that central banks should raise their inflation targets in light of a higher likelihood of hitting the ELB." @default.
- W2945752813 created "2019-05-29" @default.
- W2945752813 creator A5018167077 @default.
- W2945752813 creator A5088916073 @default.
- W2945752813 date "2019-05-01" @default.
- W2945752813 modified "2023-10-18" @default.
- W2945752813 title "Optimal Inflation Target with Expectations-Driven Liquidity Traps" @default.
- W2945752813 cites W1525591869 @default.
- W2945752813 cites W1974179269 @default.
- W2945752813 cites W1995567060 @default.
- W2945752813 cites W2001397260 @default.
- W2945752813 cites W2074843152 @default.
- W2945752813 cites W2107716967 @default.
- W2945752813 cites W2108021284 @default.
- W2945752813 cites W2122495997 @default.
- W2945752813 cites W2128659533 @default.
- W2945752813 cites W2136798818 @default.
- W2945752813 cites W2150367813 @default.
- W2945752813 cites W2154801578 @default.
- W2945752813 cites W2156993613 @default.
- W2945752813 cites W2229112799 @default.
- W2945752813 cites W2283476100 @default.
- W2945752813 cites W2561805319 @default.
- W2945752813 cites W2763510222 @default.
- W2945752813 cites W2921702012 @default.
- W2945752813 cites W3020857451 @default.
- W2945752813 cites W3121773797 @default.
- W2945752813 cites W3121902379 @default.
- W2945752813 cites W3122413052 @default.
- W2945752813 cites W3122563042 @default.
- W2945752813 cites W3123433018 @default.
- W2945752813 cites W3123970111 @default.
- W2945752813 cites W3125331647 @default.
- W2945752813 cites W397627134 @default.
- W2945752813 cites W4212804417 @default.
- W2945752813 cites W4249941005 @default.
- W2945752813 cites W4296974713 @default.
- W2945752813 doi "https://doi.org/10.17016/feds.2019.036" @default.
- W2945752813 hasPublicationYear "2019" @default.
- W2945752813 type Work @default.
- W2945752813 sameAs 2945752813 @default.
- W2945752813 citedByCount "3" @default.
- W2945752813 countsByYear W29457528132019 @default.
- W2945752813 countsByYear W29457528132020 @default.
- W2945752813 crossrefType "journal-article" @default.
- W2945752813 hasAuthorship W2945752813A5018167077 @default.
- W2945752813 hasAuthorship W2945752813A5088916073 @default.
- W2945752813 hasBestOaLocation W29457528131 @default.
- W2945752813 hasConcept C10688316 @default.
- W2945752813 hasConcept C121332964 @default.
- W2945752813 hasConcept C126285488 @default.
- W2945752813 hasConcept C149782125 @default.
- W2945752813 hasConcept C154815372 @default.
- W2945752813 hasConcept C162324750 @default.
- W2945752813 hasConcept C165556158 @default.
- W2945752813 hasConcept C183582576 @default.
- W2945752813 hasConcept C185824701 @default.
- W2945752813 hasConcept C189259953 @default.
- W2945752813 hasConcept C200941418 @default.
- W2945752813 hasConcept C2524010 @default.
- W2945752813 hasConcept C2776036281 @default.
- W2945752813 hasConcept C2778078003 @default.
- W2945752813 hasConcept C33332235 @default.
- W2945752813 hasConcept C33923547 @default.
- W2945752813 hasConcept C556758197 @default.
- W2945752813 hasConcept C84888623 @default.
- W2945752813 hasConcept C8573378 @default.
- W2945752813 hasConceptScore W2945752813C10688316 @default.
- W2945752813 hasConceptScore W2945752813C121332964 @default.
- W2945752813 hasConceptScore W2945752813C126285488 @default.
- W2945752813 hasConceptScore W2945752813C149782125 @default.
- W2945752813 hasConceptScore W2945752813C154815372 @default.
- W2945752813 hasConceptScore W2945752813C162324750 @default.
- W2945752813 hasConceptScore W2945752813C165556158 @default.
- W2945752813 hasConceptScore W2945752813C183582576 @default.
- W2945752813 hasConceptScore W2945752813C185824701 @default.
- W2945752813 hasConceptScore W2945752813C189259953 @default.
- W2945752813 hasConceptScore W2945752813C200941418 @default.
- W2945752813 hasConceptScore W2945752813C2524010 @default.
- W2945752813 hasConceptScore W2945752813C2776036281 @default.
- W2945752813 hasConceptScore W2945752813C2778078003 @default.
- W2945752813 hasConceptScore W2945752813C33332235 @default.
- W2945752813 hasConceptScore W2945752813C33923547 @default.
- W2945752813 hasConceptScore W2945752813C556758197 @default.
- W2945752813 hasConceptScore W2945752813C84888623 @default.
- W2945752813 hasConceptScore W2945752813C8573378 @default.
- W2945752813 hasIssue "036" @default.
- W2945752813 hasLocation W29457528131 @default.
- W2945752813 hasLocation W29457528132 @default.
- W2945752813 hasLocation W29457528133 @default.
- W2945752813 hasOpenAccess W2945752813 @default.
- W2945752813 hasPrimaryLocation W29457528131 @default.
- W2945752813 hasRelatedWork W1508888653 @default.
- W2945752813 hasRelatedWork W1816464140 @default.
- W2945752813 hasRelatedWork W2067833440 @default.
- W2945752813 hasRelatedWork W2945752813 @default.
- W2945752813 hasRelatedWork W3123203678 @default.
- W2945752813 hasRelatedWork W3124831105 @default.
- W2945752813 hasRelatedWork W3125279488 @default.
- W2945752813 hasRelatedWork W3125436454 @default.