Fiscal and Monetary Policy Interactions in a Low Interest Rate World
We analyse fiscal and monetary policy interactions when interest rate policy is hampered by the zero lower bound (ZLB) in an environment where expectations are formed with perpetual learning. The ZLB induces a deterioration of economic performance and raises the risk of persistent lowflation that ca...
| Main Authors: | , , , |
|---|---|
| Format: | Working Paper |
| Language: | en_US |
| Published: |
2022
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/1721.1/141297 |