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Browsing Recerca: working papers, informes, etc. by Subject "unconventional monetary policies"

Browsing Recerca: working papers, informes, etc. by Subject "unconventional monetary policies"

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  • Debortoli, Davide; Galí, Jordi; Gambetti, Luca (2018-01-02)
    We evaluate the hypothesis that the zero lower bound (ZLB) constraint was, in practice, irrelevant during the recent ZLB episode experienced by the U.S. economy (2009Q1-2015Q4). We focus on two dimensions of economic ...
  • Galí, Jordi (2017-05-02)
    Under uncovered interest parity (UIP), the size of the e¤ect on the real exchange rate of an anticipated change in real interest rate di¤erentials is invariant to the horizon at which the change is expected. Empirical ...

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