Eliminating a deflationary trap through superinertial interest rate rules

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 100
Issue: 1
Pages: 119-122

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper demonstrates that, even in the presence of a zero lower bound on nominal interest rates, central banks can eliminate a deflationary trap by the conduct of interest rate rules that have superinertia.

Technical Details

RePEc Handle
repec:eee:ecolet:v:100:y:2008:i:1:p:119-122
Journal Field
General
Author Count
2
Added to Database
2026-01-29