Identification at the zero lower bound

I show that the Zero Lower Bound (ZLB) on interest rates can be used to identify the causal effects of monetary policy. Identification depends on the extent to which the ZLB limits the efficacy of monetary policy. I develop a general econometric methodology for the identification and estimation of s...

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Bibliographic Details
Main Author: Mavroeidis, S
Format: Journal article
Language:English
Published: Econometric Society 2021