지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2006.1
- 수록면
- 147 - 170 (24page)
이용수
초록· 키워드
오류제보하기
The zero bound on nominal interest rates inherently imposes a nonlinearity on models in which money is nonneutral. However, for simplicity, analyses of the zero bound have typically been conducted in models which are otherwise linear. In a nonlinear staggered price-setting model, we examine how the zero bound makes the term structure of interest rates and macroeconomic dynamics sensitive to the economy's average inflation rate. We decompose this sensitivity into two components: (i) A pure expectations component, associated with the fact that the average inflation rate and the zero bound interact to affect the expected future path of short rates; and (ii) a term premium component, associated with the fact that the aforementioned interaction alters the behavior of the term premium. The first component is present in analyses where the zero bound is the only nonlinearity; the second component is absent in those analyses.
목차
등록된 정보가 없습니다.
참고문헌 (13)
참고문헌 신청
/ 2000 / Journal of Money, Credit and Banking. Special Issue on Monetary Policy in a Low Inflation Environment 32
Bernanke, Ben S / 2004 / Monetary Policy Alternatives at the Zero Bound An Empirical Assessment (2) : 1 ~ 100
Eggertsson, Gauti B / 2003 / The Zero Bound on Interest Rates and Optimal Monetary Policy (1) : 139 ~ 211
Francisco / / The Expectations Hypothesis of the Term Structure When Interest Rates Are Close to Zero Forthcoming in Journal of Monetary Economics
Fujiki, Hiroshi / 2001 / Policy Duration Effect under the Zero Interest Rate Policy in 1999-2000
Bernanke, Ben S / 2004 / Monetary Policy Alternatives at the Zero Bound An Empirical Assessment (2) : 1 ~ 100
Eggertsson, Gauti B / 2003 / The Zero Bound on Interest Rates and Optimal Monetary Policy (1) : 139 ~ 211
Francisco / / The Expectations Hypothesis of the Term Structure When Interest Rates Are Close to Zero Forthcoming in Journal of Monetary Economics
Fujiki, Hiroshi / 2001 / Policy Duration Effect under the Zero Interest Rate Policy in 1999-2000
함께 읽어보면 좋을 논문
논문 유사도에 따라 DBpia 가 추천하는 논문입니다. 함께 보면 좋을 연관 논문을 확인해보세요!
-
Bound to the Word
도서관문화
2009 .01
-
Inflation Targeting in a Stable Growth Economy: The Korean Experience
Seoul Journal of Economics
2006 .01
-
한국어 의존명사의 분포와 의미 기능 분석 : ‘바’의 경우를 중심으로
동북아 문화연구
2006 .10
-
Transductive SVM을 위한 분지-한계 알고리즘
한국경영과학회지
2006 .06
-
Is China Bound to Grind to a Halt?
Global Asia
2012 .12
-
Estimation of the average signal-to-interference ratio for the uplink of CDMA based mobile communication systems
Telecommunications Review
2000 .01
-
Branch and Bound Algorithm for the Facility Layout Problem Without Shape Distortion
한국경영과학회지
1996 .08
-
Bound Together Differently : Complexity Marks Asia’s Embrace of Social Media
Global Asia
2014 .06
-
The Fed's Re-Programming Strategy to Re-Energize the U.S. Economy During the Great Recession
Journal of Economic Research (JER)
2012 .01
-
Unification of lower-bound analyses of the lift-and-project rack of combinatorial optimization polyhedra
한국경영과학회 학술대회논문집
2004 .02
-
Has the Predictability of the Yield Spread Changed?
Seoul Journal of Economics
2018 .01
-
Rational Expectations, Long-run Taylor Rule, and Forecasting Inflation
Seoul Journal of Economics
2007 .01
-
중간범주와 문법 교육 -불구어근의 자유어근화를 중심으로
문법교육
2007 .01
-
Implementing a Branch-and-bound Algorithm for Transductive Support Vector Machines
Management Science and Financial Engineering
2010 .05
-
재투입이 존재하는 2단계 순열흐름공정에서 총 작업 흐름시간을 최소화하는 분지한게방법
한국경영과학회 학술대회논문집
2010 .06
-
Exchange Rate Fluctuations and Economic Activity in Developing Countries: Theory and Evidence
Journal of Economic Development
2004 .01
-
e-Book의 가격수용범위에 영향을 미치는 요인에 관한 연구
인터넷전자상거래연구
2016 .08
-
INFLATION COSTS, UNCERTAINTY COSTS AND EMERGING MARKETS
Journal of Economic Development
2009 .01
이 논문의 저자 정보
최근 본 자료
댓글(0)
0