Browsing by Author "Matheronc, Julien"

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  • Should the ECB adjust its strategy in the face of a lower
    Andrade, Philippe; Galí, Jordi, 1961-; Le Bihan, Hervé; Matheronc, Julien (Elsevier, 2021)
    We address this question using an estimated New Keynesian DSGE model of the Euro Area with trend inflation, imperfect indexation, and a lower bound on the nominal interest rate. In this setup, a decrease in the steady-state ...