메뉴 건너뛰기




Volumn 20, Issue 4, 2006, Pages 665-698

Deflationary shocks and monetary rules: An open-economy scenario analysis

Author keywords

Deflation; Monetary policy rules; Zero interest rate floor

Indexed keywords


EID: 33751439526     PISSN: 08891583     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jjie.2006.08.004     Document Type: Article
Times cited : (4)

References (24)
  • 1
    • 0001399205 scopus 로고
    • The purchasing power doctrine: A reappraisal
    • Balassa B. The purchasing power doctrine: A reappraisal. J. Polit. Economy 72 (1964) 585-596
    • (1964) J. Polit. Economy , vol.72 , pp. 585-596
    • Balassa, B.1
  • 2
    • 33751413964 scopus 로고    scopus 로고
    • Batini, N., Kuttner, K., Laxton, D., 2005, Does inflation targeting work in emerging markets? World Economic Outlook, Chapter IV, pp. 161-186
  • 3
    • 33751395104 scopus 로고    scopus 로고
    • Bayoumi, T., Laxton, D., Pesenti, P., 2004. Benefits and spillovers of greater competition in Europe: A macroeconomic assessment. Working paper No. 10416. NBER
  • 5
    • 33751398103 scopus 로고    scopus 로고
    • Buiter, W.H., Panigirtzoglou, N., 2000. Liquidity traps: How to avoid them and how to escape them. Working paper No. 111. Bank of England, London
  • 6
    • 33751428811 scopus 로고    scopus 로고
    • Callen T., and Ostry J.D. (Eds), International Monetary Fund, Washington
    • In: Callen T., and Ostry J.D. (Eds). Japan's Lost Decade, Policies for Economic Revival (2003), International Monetary Fund, Washington 179-205
    • (2003) Japan's Lost Decade, Policies for Economic Revival , pp. 179-205
  • 7
    • 70449089152 scopus 로고    scopus 로고
    • Monetary policy shocks: What have we learned and to what end?
    • Taylor J., and Woodford M. (Eds), North-Holland, Amsterdam
    • Christiano L., Eichenbaum M., and Evans C. Monetary policy shocks: What have we learned and to what end?. In: Taylor J., and Woodford M. (Eds). Handbook of Macroeconomics vol. 1A (1999), North-Holland, Amsterdam 65-148
    • (1999) Handbook of Macroeconomics , vol.1 A , pp. 65-148
    • Christiano, L.1    Eichenbaum, M.2    Evans, C.3
  • 8
    • 33751404286 scopus 로고    scopus 로고
    • Eggertsson, G., Woodford, M., 2003. Optimal monetary policy in a liquidity trap. International Workshop on Overcoming Deflation and Revitalizing the Japanese Economy (August)
  • 9
    • 33751420424 scopus 로고    scopus 로고
    • Eggertsson, G., Woodford, M., 2004. Optimal monetary and fiscal policy in a liquidity trap. NBER International Seminar on Macroeconomics (July)
  • 10
    • 33751406890 scopus 로고    scopus 로고
    • Faruqee, H., Laxton, D., Muir, D., Pesenti, P., 2006. Smooth Landing or Crash? Model-based scenarios of global current account rebalancing. In: Clarida, R., (Ed.), G7 Current Account Imbalances: Sustainability and Adjustment. NBER conference Volume. Univ. of Chicago Press, Chicago, IL. In press
  • 11
    • 0000811115 scopus 로고
    • Investment, capacity utilization, and the real business cycle
    • Greenwood J., Hercowitz Z., and Huffman G.W. Investment, capacity utilization, and the real business cycle. Amer. Econ. Rev. 78 3 (1988) 402-417
    • (1988) Amer. Econ. Rev. , vol.78 , Issue.3 , pp. 402-417
    • Greenwood, J.1    Hercowitz, Z.2    Huffman, G.W.3
  • 12
    • 20444380401 scopus 로고    scopus 로고
    • The sensitivity of long-term interest rates to economic news: Evidence and implications for macroeconomic models
    • Gürkaynak R., Sack B., and Swanson E. The sensitivity of long-term interest rates to economic news: Evidence and implications for macroeconomic models. Amer. Econ. Rev. 95 (2005) 425-436
    • (2005) Amer. Econ. Rev. , vol.95 , pp. 425-436
    • Gürkaynak, R.1    Sack, B.2    Swanson, E.3
  • 13
    • 31044449024 scopus 로고    scopus 로고
    • Opening speech
    • Hayami M. Opening speech. Monet. Econ. Stud. 19 S-1 (2001) 9-12
    • (2001) Monet. Econ. Stud. , vol.19 , Issue.SUPPL.-1 , pp. 9-12
    • Hayami, M.1
  • 14
    • 77951769624 scopus 로고    scopus 로고
    • Hayashi, F., Prescott, E.C., 2004. The 1990s in Japan: A lost decade. The Final International Forum of the Collaboration Projects
  • 15
    • 33751413691 scopus 로고    scopus 로고
    • Hunt, B., Laxton, D., 2001. The zero interest rate floor (ZIF) and its implications for monetary policy in Japan. Working paper 01/186. IMF
  • 16
    • 11344294411 scopus 로고    scopus 로고
    • The zero-interest-rate floor and its implications for monetary policy in Japan
    • Callen T., and Ostry J.D. (Eds), International Monetary Fund, Washington
    • Hunt B., and Laxton D. The zero-interest-rate floor and its implications for monetary policy in Japan. In: Callen T., and Ostry J.D. (Eds). Japan's Lost Decade, Policies for Economic Revival (2003), International Monetary Fund, Washington 179-205
    • (2003) Japan's Lost Decade, Policies for Economic Revival , pp. 179-205
    • Hunt, B.1    Laxton, D.2
  • 17
    • 0032243738 scopus 로고    scopus 로고
    • It's baaack: Japan's slump and the return of the liquidity trap
    • Krugman P. It's baaack: Japan's slump and the return of the liquidity trap. Brookings Pap. Econ. Act. 2 (1998) 137-187
    • (1998) Brookings Pap. Econ. Act. , vol.2 , pp. 137-187
    • Krugman, P.1
  • 19
    • 0002243660 scopus 로고    scopus 로고
    • Mark-up pricing, market strcture and the business cycle
    • Martins J.O., Scarpetta S., and Pilat D. Mark-up pricing, market strcture and the business cycle. OECD Econ. Stud. 27 II (1996) 71-106
    • (1996) OECD Econ. Stud. , vol.27 , Issue.II , pp. 71-106
    • Martins, J.O.1    Scarpetta, S.2    Pilat, D.3
  • 20
    • 23044521584 scopus 로고    scopus 로고
    • Theoretical analysis regarding a zero lower bound on nominal interest rates
    • (November)
    • McCallum B.T. Theoretical analysis regarding a zero lower bound on nominal interest rates. J. Money, Credit, Banking 32 4 (2000) 870-904 (November)
    • (2000) J. Money, Credit, Banking , vol.32 , Issue.4 , pp. 870-904
    • McCallum, B.T.1
  • 21
    • 79953322172 scopus 로고    scopus 로고
    • Three lessons for monetary policy in a low inflation era
    • (November)
    • Reifschneider D.L., and Williams J.C. Three lessons for monetary policy in a low inflation era. J. Money, Credit, Banking 32 (1999) 936-978 (November)
    • (1999) J. Money, Credit, Banking , vol.32 , pp. 936-978
    • Reifschneider, D.L.1    Williams, J.C.2
  • 22
    • 0001465629 scopus 로고
    • Theoretical notes on trade problems
    • Samuelson P. Theoretical notes on trade problems. Rev. Econ. Statist. 46 (1964) 145-154
    • (1964) Rev. Econ. Statist. , vol.46 , pp. 145-154
    • Samuelson, P.1
  • 23
    • 0001673254 scopus 로고    scopus 로고
    • The zero bound in an open economy: A foolproof way of escaping from a liquidity trap
    • Svensson L.E.O. The zero bound in an open economy: A foolproof way of escaping from a liquidity trap. Monet. Econ. Stud. 19 (2001) 277-312
    • (2001) Monet. Econ. Stud. , vol.19 , pp. 277-312
    • Svensson, L.E.O.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.