- Title
- Commentary on Policy at the Zero Lower Bound
- Author(s)
- Christopher A. Sims Christopher Sims (Princeton University)
- Abstract
- Several aspects of the difficulties of policy at the zero lower bound are discussed: The difficulty of credible commitment to higher future inflation, as most New Keynesian models imply is necessary; the need for fiscal and monetary policy coordination; the pitfalls in the taking of quasi-fiscal actions by the central bank.
- Creation Date
- 2010-01
- Section URL ID
- CEPS
- Paper Number
- 201
- URL
- https://gceps.princeton.edu/wp-content/uploads/2017/01/201sims.pdf
- File Function
- Jel
- E020, E420, E500, E600, G210
- Keyword(s)
- central banks, monetary policy, keynesian economics, inflation
- Suppress
- false
- Series
- 3