LIBROS DEL AUTOR: alex haberis

1 resultados para LIBROS DEL AUTOR: alex haberis

  • Finance and Economics Discussion Series
    Alex Haberis / Anna Lipinska / United States Federal Reserve Board
    In this paper, we consider how monetary policy in a large, foreign economy affects optimal monetary policy in a small open economy (`home’) in response to a large global demand shock that pushes both economies to the zero lower bound (ZLB) on nominal interest rates. We show that the inability of foreign monetary policy to stabilise the foreign economy at the ZLB creates a spill...
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