Zero lower bound and monetary policy in the euro area : optimal monetary policy in a low inflation environment

Zero lower bound and monetary policy in the euro area : optimal monetary policy in a low inflation environment / Lars Protze.

Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this is only possible as long as interest rates are above zero. The case of Japan showed that monetary policy was helpless as nominal rates approa...

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Bibliographic Details
Main Author: Protze, Lars
Format: eBook
Language:English
Published: Hamburg : Diplomica Verlag, 2008.
Subjects:
Monetary policy.
BUSINESS & ECONOMICS > Finance.
Monetary policy
Online Access:Click for online access
Table of Contents:
  • Zero Lower Bound andMonetary Policy in the Euro AreaOptimal Monetary Policy in aLow Inflation Environment; Table of contents; 1. Introduction; 2. Literature; 3. The Model; 4. Modelling the euro area economy; 5. How severe is the zero bound in the euro area?; 6. Discussion; 7. Conclusions; Appendix; Literature.

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